Fed Speak and a few Key Fed Dates
Submitted by
CalculatedRisk on Sun, 07/08/2012 - 3:24pm (321 comments)
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Federal Reserve is on the side line until the elections.
More free money drops will fix everything, for a few months at least.
Still the debate about QE3 will pickup over the next few weeks.
yer repeating yerself
The central bank's more activist camp believes more action is already justified because the economy isn't making progress toward reducing unemployment and inflation is low.
Are there similar camps with respect to regulation? Where's the discussion of getting rid of all the big banks?
Feeling QE3sy?
It's the DramaMeme
Bond purchases would be pretty subtle in effect. I've seen suggestions they may arrange to retain their earnings under certain circumstances. Have they ever done this in the past?
and you call yourself a writer
...Fed will wait for more data
Volker<
You ever grow any tomatillos?
Toma Verde - Johnny's Selected Seeds
Assad looks like Latke from Taxi. Eyes, dopey expression.
ARGH!
while writing a longer post. Oh well.
You're profiling, councilor.
Rajesh wrote:
They were sure pretty active four years ago. What is different now? No Lehman, yet?
lawyerliz wrote:
the phrase 'weak chin' (and all that it implies) was invented for Assad the Lesser.
Darn --what was that actor's name??
I left replies on
thread.
lawyerliz wrote:
Andy Kaufman - Wikipedia, the free encyclopedia
realization by the public that enormous profits can be made in the multi-hundred trillion dollar derivative swaps markets through the manipulation of just a few basis points in rates.
Why send all that high finance fraud game to London when the Fed operates in secret right here at home?
Fed needs to work on longer timescales than this quarter or next.
That's why Congress established the damn thing in the first place.
I can see where we're going to be in 2020 and 2025 should current trends continue, why can't anyone else.
$600B/yr bleeding out to our trading partners.
Top Ten Countries with which the U.S. has a Trade Deficit
~15% of the economy horrifically inefficient
Snapshots: Health Care Spending in the United States & Selected OECD Countries - Kaiser Family Foundation
Same thing with our so-called housing market
FRED Graph - FRED - St. Louis Fed
ripping maybe $100B/month in rents from the working class.
Fed can't solve our problems.
Obama can't solve our problems.
Only those f-ers in Congress can solve our problems.
yogi's abrasive and blunt but he's confronting the support for the central bank gods.
lawyerliz wrote:
I miss Kaufman. Is there anyone to do tholse kinds of elaborate schemes to embarrass MSM and public anymore. Just think of the reality TV show he would put on. They are all a little bit "Inside Wrestling."
1 currency now -yogi wrote:
Funny, but one of the Street's arguments against any form of regulation and/or taxation is that everything will just move to London.
Echos of their "we have to pay them millions or they'll go somewhere else" argument.
Blackhalo wrote:
When the Euro countries start bailing out or defaulting we will get QE3.
Keep the power dry, he only has one more big shot left.
It won't fix anything, but it will stop a panic.
We talked about that earlier. It appears they did go to London, thus the "London Whale".
Blackhalo wrote:
Who says they won't get active soon?
OT
My Chinese-made 25000 BTU Frigidaire air conditioner lasted 7 days and just crapped out.
My previous American-made 25000 BTU GE air conditioner lasted 19 years.
Look up Kaufman on YouTube. There are some good videos on Letterman with Jerry Lawler.
Blackhalo wrote:
A witty and tortured soul.
Planned obsolescence is gaining speed.
josap wrote:
"Wait until you see the whites of there eyes!" May not be the best strategy when dealing with zombies, banks or zombie banks.
But I'm sure it's all contained
Blackhalo wrote:
This time the ECB is at ground zero. Bernanke is in the bunker waiting for the explosion.
Gee...well...maybe its a violently hostile repub/tea party that is threatening dire punishment if the fed does anything that would "help" obummer.
sporkfed wrote:
Keep that in mind when you're travelling near Mach 1 at 35,000, contemplating the use of Chinese-made parts in your Boeing airframe.
Not a problem.
Just remove it from where you spent hours installing it.
Replace in original packing and return with original reciept for a full refund.
Or replacement.
Have a blessed day.
Fed QE started in 2009.
http://static.seekingalpha.com/uploads/2009/5/26/saupload_fed_balance_sheet_5.25.jpg
I don't really have the first clue what that Maiden Lane jazz in 2008 was all about.
Other than the marquee company names involved, BSC, AIG. How such "risky" assets were liquidate at par and better, that is a mystery.
Bernanke deflected a question from a reporter at his Jan. 25 press conference about whether he’d resign if a Republican were elected president in November and asked him to do so.
“I’m not going to get involved in political rhetoric,” Bernanke said. “As long as I’m here, I will do everything I can to help the Federal Reserve achieve its dual mandate of price stability and maximum employment.”
Feb 7, 2012
Bernanke-Led Economy Shows Critics Wrong About Fed
Kaufman looked like that on pirpose, as a joke. Assad just lools likes that and it isn't funny.
Does the 110-Year Old Livermore Light Bulb Prove a 'Planned Obsolescence' Conspiracy? | KQED News Fix
we need a inverse log scale
TJ and The Bear wrote:
So the correct response to that supposition is, "Good." A regular Glass-Seagal, with added plus of an ocean separating boring FDIC backed banking, from the risky highly "profitable" lending?
HomeGnome wrote:
I guess we do the same with the Chinese-made O-rings from NAPA that blew out on installation in the truck's air conditioner Friday.
This is getting old, on top of killing my dog with damned melamine.
Really old.
So why the heck did you buy Chinese??
Comrade Troyski wrote:
The first purchases of MBS and GSE paper were announced in November 2008. The purchases were expanded in March 2009 to $1.2 Trillion, along with Treasury purchases.
lawyerliz wrote:
Have you ever tried buying an American-made air conditioner?
Good luck finding one.
lawyerliz wrote:
Same reason everyone does. Cause it costs less, and everyone is doing it.
Federal Reserve is on the side line until the elections."
...
thanks for saying something I said a few days ago...
...
QE3 ?
don't build a house on that ass state" Kanye
YouTube - Investing Adventures in Real Estate with Bill McBride #7
...
ps, this is going in the shop for revisions...
Blackhalo wrote:
I buy American whenever possible/practical.
As I said, try finding an American-made air conditioner.
That is not an easy task.
lawyerliz wrote:
Yeah but royalty has had a history of having some interesting genetic selection. Not sure how much better off we will be, with Romney's television good looks.
I will need a new a/c soon, next coupla years, when you find a good kind, let me know. Anything but Chinese is ok.
Friedrich air conditioners are US-made, but there's no dealer anywhere near me.
They go back and forth across the pond-- faster than whales... When too much heat is on the Fed, they head to London.
As long as several hundred trillion are riding on Ben's every move, it doesn't matter which way he moves rates-- even less than a quarter point is fine. The house cleans up just taking the action.
Global financial crisis
The Federal Reserve's role as a supervisor and regulator has been criticized as being ineffective. Former U.S. Senator Chris Dodd, then-chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, remarked about the Fed's role in the present economic crisis, "We saw over the last number of years when they took on consumer protection responsibilities and the regulation of bank holding companies, it was an abysmal failure."
Criticism of the Federal Reserve - Wikipedia, the free encyclopedia
Why then is the Fed Reserve funding the new Consumer Financial Protection Bureau (CFPB) that assumed the responsibilities of various consumer agencies including HUD?
The last one I had was noisy and broke down after only a few years.
Initial estimate maybe, but good luck with that.
Where's Trane made?
IMO, they'll be doing QE3 before the election and the stock market will get a buzz from it, but that will be about it.
Kaufman hated the stale sitcom format, and pretty much got himself fired from Taxi on purpose.
lawyerliz wrote:
Liz, it's difficult to tell where any of this stuff is made now. I know that some of Trane's stuff is made in Mexico.
yuan wrote:
Do you think the structural crisis in the financialization stage of capitalism that has been building for decades now can be blamed on the red team or the blue team? Spending outpaces the deficit and no one wants to pay more taxes incl. big corporations who have paid less taxes than they should for years thus the 'fiscal crisis of the state'...
mp wrote:
Well, that is technically, America...
from the last thread:
...
an observation -
some of that resentment as I spoke about earlier can be traced to what I call Fast Times Blowback.
roughly 30 years ago the movie Fast Times at Ridgemont High was released. its definable hero
was a stoned Cali surfer who bordered on the semi-illiterate yet in the end was the victor. its underlying
ethos was that you could be a fu%k-up in America yet in the end come out ok because we were one rich
country.
guess what? we're no longer that rich country and many who chose the Jeff Spiccoli model of slackerdom
find themselves jammed today cause the riches stopped flowing... you, see there was this sense of entitlement
that foreshadowed Jeff's every move...
...
still fighting the last war
German President Demands Merkel Explain 'Why Germany Needs To Save The Euro' | ZeroHedge
mp wrote:
PMs will bounce too.
Blackhalo wrote:
Um, yeah.
Anyway, the air conditioner is going back tomorrow morning.
Have good evening.
Anywhere but China. The chinese sneak there money 8ut, so why are we putting our money there.
TJ and The Bear wrote:
Woo-hoo!
Their money out
Assad is part of the Alawite minority (split from the Shia in the 9th century), which is the heart of the government and a very large part of the military, even though Alawites are only 12% of the Syrian population. Sunnis are 74%, Christians are 10% and Druze are 3%.
The Baath party was constructed to provide the vehicle for Alawite rule, aided by Sunnis who adhered to arab nationalism or to the Assad rule.
In some respects, the current civil war is therefore Sunni v. Alawite (Shia) in nature, which explains Iran's backing for Assad and KSA/Egyptian and Turkish opposition to Assad.
The Alawites are ruthless fighters and reflect their community's original coastal enclave north of Lebanon, where they were subject in the WWI-WWII period to great discrimination.
Bottom Line: This Syria situation is NOT just a matter of Assad and his close associates, but a longstanding conflict between the Sunni majority (without power) and the Alawite minority (ruthlessly governing as a minority. The end-game won't be pretty.
Remember Frick?
merchants of fear wrote:
The end of pay-go was the end of caring about deficit spending. It was the one thing that put limits on spending as either taxes, or off-sets were required to pass a spending bill. It was not ended under a
admin or congress though.
PAYGO - Wikipedia, the free encyclopedia
JimPortlandOR wrote:
Are those the guys who say "You're either with us or against us"?
Ha!
--Forbes analyst talking about how the movement of the Canadian dollar endangers the NHL.
Bless the hearts of the central bankers.
They set a record for earmarks during that six year run where everything was GOP controlled. So much for being "conservative"
never met Frick
I know Frack quite well, though
Posted already but here it is again:
Low-interest loans and other financial assistance from the Federal Reserve during the financial crisis...
June 12, 2012
Crony Capitalists of the Federal Reserve | The Big Picture
During the financial crisis, at least 18 former and current directors from Federal Reserve Banks worked in banks and corporations that collectively received over $4 trillion in low-interest loans from the Federal Reserve.
Ok, explain please.
Bad Dawg Bobby wrote:
Didn't I see him skate with Frack?
Rajesh wrote:
that's what I remember from 3 prior elections..
But if we are gonna have Fed Speak - can we have People speak as Fed speak too ?
A few well-aimed squishy tomatoes would suffice for me.
And they should take that in good humor and LISTEN - otherwise when the people REALLY speak -
I couldn't think of a frack joke & I'm glad.
Bad Dawg Bobby wrote:
Henry Clay or some other?
*
lawyerliz wrote:
Its good to be innocent - sweet innocent people were chatting and the new kitten that their child has got and were asking for suggestions for a name - Tom came up - I perked up my ears when Felix came up.
Saying Fritz the cat was on the tip of my tongue but I STFU.
Blackhalo wrote:
Yeah interesting... The PAYGO statute expired at the end of 2002... After the expiration of PAYGO, budget deficits returned.
The PAYGO system was reestablished as a standing rule of the House of Representatives (Clause 10 of Rule XXI) on January 4, 2007... Less than one year later though, facing widespread demand to ease looming tax burdens caused by the Alternative Minimum Tax, Congress abandoned its pay-go pledge.
On February 12, 2010, Obama signed statutory PAYGO rules into law.
Statutory Pay-As-You-Go Act - Wikipedia, the free encyclopedia
The act reinstated pay-as-you-go budgeting rules used in Congress from 1990 until 2002, ensuring that most new spending is offset by spending cuts or added revenue elsewhere (with several major policy exemptions).
WTF, Douche?
That was probably your best material.
TJ and The Bear wrote:
A compressor refriguration system installed on the TAPS line. They were bought out by trann.
they are basic clear symple systems that are easy to maintain.
lawyerliz wrote:
what do you want to know m'am?
1) "peak" years don't have anything to do with GNP IMV. Being 40 or 50 doesn't make you magically more productive. Quite the opposite, probably. But, yeah, peak savings years certainly helped the stock market and general Wall Street skim.
The baby boom was aged 35-55 in 2000.
2) Dotcom bubble was also real productivity gains.
FRED Graph - FRED - St. Louis Fed
compares per-worker real productivity vs. systemic debt leverage and shows the 1990s was nice in that we got more output with less debt leveraging, compared to the 1980s and 2000s (which got output at the cost of higher leverage) and the 1970s (which got neither).
And the capital income outflow was not the result of consumer leveraged borrowing, unlike the capital income outflow from housing, 2002-2007.
3) FIRE was expanding its internal leverage in the late 1990s, but that again was peripheral to the wealth-creating part of the economy.
4) IT was a sideshow compared to construction
FRED Graph - FRED - St. Louis Fed
Total Construction Spending (TTLCONS) - FRED - St. Louis Fed
$1.2T/yr construction spending in 2006. $4000 per man, woman, and child.
5) China, yes trade with China got rolling in the 1990s. Doubled in the 2000s tho.
http://4.bp.blogspot.com/_Nq0iIm8IVr8/SoL6FJvDeiI/AAAAAAAAAEU/ilZsHe1iU3o/s400/US-china-trade2.gif
6) Cheap commodities -- no argument here
Crude Oil: Brent - Europe (MCOILBRENTEU) - FRED - St. Louis Fed
Comrade Troyski wrote:
Are you FRED?
Fred's a head.
FRED's like getting a raw feed from the Matrix, man.
I forget.6
O yeah if Haralambos is still around - something for him - since the LRB is possibly off his beaten track ..
Richard Clogg · In Athens · LRB 5 July 2012
Bob Diamond got run out of London. So if we're lucky, he'll take his ball and play over here...
Comrade Troyski wrote:
YouTube - Why oh why didn't I take the blue pill??
Canadian dollar and hockey.
lawyerliz wrote:
You were asking why he was such a Koch Sucker.
How the hell did you get that
out of your colon HG?
I did not!"!!!!!
YouTube - Master P - Make 'Em Say Ugh! (Explicit)
/dons Koch hat.
I can't decide between a RollsRoyce or Ferrari for my daily beater car.
Ah, now your memory comes back!
Total Construction Spending
U.S. recession ended before 2010 in 2009 sometime according the the shaded areas by FRED.
Wonder what the problem is then?
Looks like FRED says in chart that U.S. recession ended but the blue line total construction spending still plunges downward until 2011.
Recession in construction continued past the shaded area.
poic wrote:
Looks good on you; helmet head.
Did too.
"HomeGnome wrote:
Sun, 07/08/2012 - 4:30pm
poic wrote:
/dons Koch hat.
Looks good on you.
In Reply To..."
You noticed? Sucker!!
You're the one driving a beater.
Koch head.
Daily Kos: Scranton, PA Reduces All City Workers' Pay to Minimum Wage (Including Police & Firefighters)
This will end well...not.
Comrade Kristina wrote:
Zetas
Politics - Conor Friedersdorf - CNN's Bogus Drone-Deaths Graphic - The Atlantic
the first casualty truth
HomeGnome wrote:
That's the first time I've seen that one. won't be the last tho' - heck I'll use it when its appropriate. always with a copyright HG next to it tho' .
Comrade Kristina wrote:
There are several Canadian teams in the NHL and still many native Canadian players. There is revenue sharing, salary caps up for discussion in the new talks. The current CBA expires in September. The currency issues are just one more obstacle and a big waste of everyone's energy. The expert (?) was just stating that it was difficult to hedge something so big that no one had expected to be a problem. (I don't think he represented either side).
Even rich unions don't want to have to deal with swaps dealers, but if they don't stay 'current' they know they will be screwed.
I'm from the My-Mortgage-Rate-Is-Too-Damned-High party and I'm here to help!
skk wrote:
I doubt he was the first to coin it.
Urban Dictionary: koch sucker
The Wall Street Scandal of all Scandals | NationofChange
Yeah, it got popular during the Wisconsin protests before the recalls started.
Hay Who won the Stanley Cup this Year,
oh ya The Los Angeles KINGS.
End of days is Right (!)
Important reading, IMHO:
German president tells Angela Merkel to come clean on EU debt deal - Telegraph
Poor cast and wrong choice of bait.
You can do better.
has an insider at the FED, which also sets rates with hundreds of trillions in derivative side bets riding on the manipulated numbers.
Uhoh 4:44 pm
Triple death Chinese symbol.
I guess it's a dim sum, no?
LONG LIVE THE FED!
China Shuns US And Invests Direct In Iran Oil-Fields | ZeroHedge
No incriminating emails please, we're not British.
later
And you May reimberse my costs in Treasuries, Thank You.
And take the remained out of Corporate Infrastructure, going to anyways.
Roubini, Bloomberg TV, via zerohedge
poic wrote:
It should be beneath my wife - but she took great pleasure and hooted with derision in noting that my childhood pre-her gf - proudly went on FB to announce how Feng Shui friendly this July is .. 5 Fridays, 5 Saturdays etc etc.. - MONEYBAGS auspicious occasion.
A glance at the posted calendar revealed that July 4th fell on a Monday !
Sigh.. Bitchy Bitchy.
Of course I sent a private email telling her of the error -
1 currency now -yogi wrote:
YAYYYYY ! who was it who said we need a disgruntled secretary or a drunk bankster to spill the beans here.
Comrade Kristina wrote:
Good article!
8100 ft. Inspiration point. Bryce Canyon. I know where we can put all those extra bankers.
merchants of fear wrote:
All the moral outrage here and there doesn't matter. Events are rapidly overtaking us. There isn't a damn thing you can do about it, except in your personal lives. No one is driving this train.
Gloomy enough? Encourage me with optimism.
Rob Dawg wrote:
Who is we?
Why is No One Freaking Out About the LIBOR “Scandal”? | PRAGMATIC CAPITALISM
That’s the question Matt Taibbi asks at Rolling Stone. Yves Smith calls the LIBOR scandal a “huge deal”. And Robert Reich says this is the “scandal of all scandals”. I’ve gotten very angry at some of the actions of the financial sector over the last 10 years, but I am having troubling finding a good reason to “freak out” over this. I know it’s popular these days to get mad at banks every time they do something even remotely wrong, but I have a feeling the media is making a mountain out of a molehill here. My reasoning is rather simple.
1) If you compare the Fed Funds Rate and the overnight LIBOR rate you’ll find a 99.6% correlation between the monthly prices over the last 10 year period. In other words, if these banks were colluding to manipulate rates then the world’s most important central bank was the key rate they were basing this grand “manipulation” off of – and the banks were doing a damn good job relaying the accurate overnight rate. Of course, central banks are in the game of manipulating rates. That’s their primary policy tool. So it’s not surprising that the world’s largest banks were basically keying their rates off the Fed Funds Rate. Either way, for a banking oligopoly these banks were doing a pretty good job submitting prices that were pretty much 100% in-line with the Fed Funds Rate. If they were “manipulating” the rate themselves then they suck at manipulating prices.
God's in his heaven and all's right with the world?
Ok, people like us will keep putting one foot in front of the other, no matter what.
Some tyrants will be overthrown.
Some people in some places will have things somewhat better.
merchants of fear wrote:
Except this part:
That would imply that the banks would have those trillions in cash which they assuredly do not. They made made a lot of money, but if they made trillions, their bonuses would have been billions.
crazy texas dood is baaaack!
aaaa!!
aleister perdurabo wrote:
That too!
Hey, let's play the oxymoron game. I'll start!
Liberal do-it-yourselfer
lawyerliz wrote:
Pippa passes? Not as rosy as you might think.
Pippa Passes - Wikipedia, the free encyclopedia
Some ad person thinks we are ultra high net worth.
Hahahahahahahahahahahahaha.
How about miostly not-poor?
Wasn't Pippa a misled slave-laboror?
Probably no smoking gun. Lots of nods and winks. You don't have to actually tell the truly savvy not to kill a golden goose....
It's the best of all possible worlds.
Ooooops, that's a real doomy
er.
What part of .4% of $800 trillion is so troubling to this author?
aleister perdurabo wrote:
I've noted the reaction in HCN when I've posted it in here - CR of course totally ignores the story - but otherwise its been dismissed as "old story" and "I called it first " - the second I can understand - but really petty one-upmanship on such an important story ?
I can simutaneously hold both these views on these reaction - human vanities and|or also its so scary, so big that people are trying to "cut it down to size" ( © George Mossey ) .
1 currency now -yogi wrote:
Probably not considering how much you can win if you can control the roulette wheel once every two hundred spins.
recessions are just sustained pullbacks. The Fed and Congress threw a lot at the economy in 2009-2010 to get it to stop collapsing upon itself.
FRED Graph - FRED - St. Louis Fed
shows a glitch in the matrix, yes.
Blue is construction spending, red is total jobs, and yellow is total wages.
Wages flattened out in 4Q09 and that was good enough to call the end of the recession.
But job losses didn't stop until 2H10.
Funny, that.
edit: never mind. jobs recovered in 1Q10 actually, close enough to 4Q09 I guess.
pavel.chichikov wrote:
Someone may be driving the train over a cliff but it's not us at this point.
merchants of fear wrote:
YouTube - Grateful Dead - Casey Jones (Studio Version)
aleister perdurabo wrote:
Gadddd I wish somebody paid me for this.. I'd check :
C'mon right said
) and I'll do the rest.
FredComrade Troyski. you regard yerself as a Fred man .. get me the two data series ( that's the HARD partmerchants of fear wrote:
blah blah blah goldteam=redteam blah blah blah
the real red team is coming and you true believers in the one true capitalism will be pining away for the corrupt
of olden days (when small {penised} biznis men could rape the poors in the name of the holy LLC, the sacred literal constitution, and the divine mandate of slave-owning landed founders).
The brain is probably unable to completely process and respond to information that is overwhelming bullshit.
I look at this site:
Cost of War to the United States | COSTOFWAR.COM
and think to myself, yup, that's probably the end of my country as a going concern. Then continue on with the snark.
“Occasionally a man stumbles over the truth. Most dust themselves off and continue walking as though nothing had happened.” -- Churchill
The Downing Street Memo :: What is it?
What of the previous administration knowingly lying this nation into a major military action?
Impeachable, sure. But our monkey brains can't process it. Gets filed away, life goes on.
Do you really see where this country is going to be 1, 5, 10, 20 years from now?
Can you?
Do you want to?
YouTube - Right Said Fred - I`m Too Sexy (The Original)
merchants of fear wrote:
That's right. You may be many cars behind the engine.
Comrade Troyski wrote:
Freedom Farms, FTW!
Fiscal cliffing with style
YouTube - Norway BASE jumping cliff flying. righteous.
HCN: Finding alternatives.
FRED Graph - FRED - St. Louis Fed
this is just graphing the results.
http://i0.kym-cdn.com/photos/images/original/000/234/767/8d0.jpg
The Return of the McMansion? | Moneyland | TIME.com
lawyerliz wrote:
I bet HCN has some of the lowest debt to income of any group on the planet.
Well except perhaps the TBTF CEOs, but even then I'd want to see the "assets."
My tax refund came on a debit card! - The Help Desk - Personal Finance FAQs - CNNMoney
Evidently, this year the state of Connecticut got an idea: Taxpayers who opted not to receive their refunds via direct deposit received a debit card instead of a check. Setting aside any kind of deal the state may have made with Visa, this approach also means that your refund sits with the state of Connecticut until you access it — which works in the state's favor. The other sneaky thing is that you can check your balance once for free — but after that, there's a fee to see how much money you have remaining.
Isn't Chase the official SNAP card swiper too?
I do see 1970-80s Chile in our future.
National Defense Consumption Expenditures & Gross Investment (FDEFX) - FRED - St. Louis Fed
$800B/yr is $3/hr from every worker in this country.
If everyone worked 40 hr schedules, LOL.
PastTense wrote:
No mention of multi-generational housing in the article, but I wonder if the sq.ft./future occupant is increasing.
poic wrote:
You are so old school.
Lamborghini or nothing... 
No mention of multi-generational housing in the article, but I wonder if the sq.ft./future occupant is increasing.
I'd like a wing, please.
curious wrote:
Housing: Multigenerational homes a growing market for builders - Sun Sentinel
Housing: Multigenerational homes a growing market for builders - Sun Sentinel
Assisted living, for real.
For some reason it's never the right time to reform the banking system. In times of panic, it will just make things worse, cause a disaster, or it's irrelevant in the larger picture.
In times of prosperity, it would screw things up, or obviously is not a big deal, given general prosperity.
Outsider wrote:
I built a MIL suite....otherwise known as a shed.
10 yr at 1.55
10 Year Treasury Note, 10_YEAR Bond Quote - (ICAPSD) 10_YEAR, 10 Year Treasury Note Bond Price
I built a MIL suite....otherwise known as a shed.
Blackhalo wrote:
George Michael - Faith
Outsider wrote:
Hay, I'm going to be building one of those this summer, It is going to be small but very nice.
Going solar powered, I think.
worth a repost:
Roubini Says 2013 `Storm' May Surpass 2008 Crisis: Video - Bloomberg
HomeGnome wrote:
SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Analysis - GSPG10YR - Bloomberg
YouTube - Faith No More - Epic - [Official video]
Damn, so many red hats it's like a GnomeReunion up in this bieotch!
Bad Dawg Bobby wrote:
Better Barns Hardware and Plans - Welcome to Better Barns
I used plans from this company. Excellent customer service. Feel free to
me if you have questions.
Comrade Troyski wrote:
THANKS !
No no no there's a download data button on there so I could pull the data..
Even the fact that the FedFunds data was monthly was no biggie - I found the daily FedFunds rate series.
There's the standard CORREL function in OpenOffice so that's not a problem either.
But sadly, the LIBOR series excludes weekends so it will M, T, W, TH, Fri..
sadly the FEDFUNDS series includes weekends ( don't ask me why ) M, T, W, Th, Fri, SAT AND SUN..
so I'll need to some work - not a lot of work - but some work cleansing the data. - when I really shd be preparing my pressie - still stuck on how to describe - don't let a scrum turn into a melee - this pic works ..
http://i.dailymail.co.uk/i/pix/2012/03/06/article-2110938-120D1F04000005DC-865_634x405.jpg
Going solar powered, I think.
Oooh. Make sure you let us know how that goes.
Calculated Reruns.
RT @zerohedge Biggest winners since January 2009: disability, food stamp recipients, part time jobs. Biggest losers: full-time jobs
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/07/Obama%20Summary.jpg
Outsider wrote:
Really. this couple I talked to yesterday regarding the future for their autistic teenage daughter - yup they are thinking of getting like minded parents together - buy a foreclosed house - hire staff that THEY the parents supervise - for when their autistic children get older.
Split the cost with the state.
The key is supervision of the staff by the parents - NOT by the local authority - with my interest in institutional life, I'm well aware of the abuse that takes place of the handicapped or young - BY the staff - not some stranger - in the main.
Donors arrive at Hamptons fundraisers with advice for Mitt Romney - latimes.com
EAST HAMPTON, N.Y. – As protesters assembled on a beach in advance of Mitt Romney's evening event at the home of conservative billionaire David Koch, the candidate slipped to East Hampton for his first of three fundraisers on this tony stretch of Long Island.
The line of Range Rovers, BMWs, Porsche roadsters and one gleaming cherry red Ferrari began queuing outside of Revlon Chairman Ronald Perelman's estate off Montauk Highway long before Romney arrived, as campaign aides and staffers in white polo shirts emblazoned with the logo of Perelman's property -- the Creeks -- checked off names under tight security.
A New York City donor a few cars back, who also would not give her name, said Romney needed to do a better job connecting. "I don't think the common person is getting it," she said from the passenger seat of a Range Rover stamped with East Hampton beach permits. "Nobody understands why Obama is hurting them.
"We've got the message," she added. "But my college kid, the baby sitters, the nails ladies -- everybody who's got the right to vote -- they don't understand what's going on. I just think if you're lower income -- one, you're not as educated, two, they don't understand how it works, they don't understand how the systems work, they don't understand the impact."
The price to hobnob with Mitt Romney in the Hamptons was steep. At Romney's luncheon with House Majority Leader Eric Cantor at the Creeks, supporters were asked to contribute or raise $25,000 per person for a VIP photo reception. (Among the co-hosts were lobbyist Wayne Berman, a former bundler for George W. Bush, as well as financiers Lew Eisenberg and Daniel Loeb).
skk wrote:
Your wish is granted...
FRED Graph - FRED - St. Louis Fed
Hit the "Download Data in Graph" button.
[Gee. What happened around September of '08?]
EDIT: For a couple of years the day-to-day fluctuations approached 20 bps. You could make a lot of hay if you had a good idea which direction.]
The baby sitters. . .the nails ladies. .. . .
aleister perdurabo wrote:
Wanna bet?
aleister perdurabo wrote:
Split the cost with the state.
Wonder how, unless it's disability?
Must be fairly low functioning, otherwise they should be able to live in a structured setting. I know a woman with a downs syndrome adult child, she was looking into the possibility of allowing the daughter to live in a town an hour away on a busline, in a small apartment, working. I thought that was a little risky, but she felt her daughter was capable of handling that, having lived away from home at school where I guess they stressed independent living skills.
94F/ 40%rh
98F heat index @ 9:11pm
Got a/c?
Went to see "Savages" ..wait until it's on DVD...lots of violence and almost a scarface redux, different storyline...
Her collebe kid. . . . .
And yet, she does get it. . . All those nasty people who can vote can mess up her system that they don't understand. .and she will have less. . .
lawyerliz wrote:
Have some more franzia.
ll is trying to keep our brain cells functioning, having to decipher her puzzled posts.
More Schools Are Not Poor, Not Rich, Just Squeezed
- NY Times
“It appears like our families are doing better financially, but they’re not,” she said. “They all feel the crunch.”
Nevertheless, parents sent out an urgent call for help. As word spread, hundreds of neighbors and community members donated, in amounts from $5 to $1,000. So far they have raised $48,000.
While impressive, it’s barely enough to save one teacher. And the parents at P.S. 9 know it’s not sustainable. Typically, the largest fund-raising event of the year is a silent auction that raises $20,000, roughly half of the parent-teacher organization’s total budget.
It’s the Obama Way… 3 Million Kids Now Get Free Lunches All Year Long
YouTube - It's a Free Lunch - San Francisco Gives Children Free Lunches All Summer Long
Outsider wrote:
don't follow - ahhh so some autistic aren't regarded as eligible for govt aid ? in this case - at 15 - well she can't ( won't ) speak. very gentle, no sense of decorum - just casually lifts her shirt - eats fine but oddly - eats melons and lemons rind and all. will engage eye contact in a pretty relaxed way but difficult to see how much she groks - that's her parents words not mine.
Not booze, just fancy phone -itis. Don't know how to edit once I've posted.
For what it's worth:
The Political Compass - US Presidential Election 2012
Red Rock Island, California, United States
breaking news...price dropped to $5 Million...
get it now before its too late...
HomeGnome wrote:
109
10%rh
6:13pm
curious wrote:
Thanks curious, my Son has the wood milledat least the beems, so he must have some plans.
Does it come with a tent?
ya, not going to get into it big time. More like I'm thinking of wiring 12 volt system in too.
aleister perdurabo wrote:
Who is Stewart Anderson and what's his handle here? He's right at the centroid of HCNers.
lawyerliz wrote:
Code for Latinos and Asians?
creditcriminalslovetarp wrote:
I'm still holding out for the Dept of the Interior to put Navassa Island up for sale.
Stewart Alexander - Wikipedia, the free encyclopedia
Are you eating enough potato chips?
Ah. As they say, it's an autism "spectrum" - ranges from high functioning to low.
HEY SKK! I got your data for you! See above.
On a lighter note, giant neighborhood billboard by the gas station advertising Creation Museum - Creation, Evolution, Science, Dinosaurs, Family, Christian Worldview | Creation Museum .
Also discovered that over the last few weeks the gas in my tank depreciated more than my SRS.
just rock....no tent....need a boat or helicopter...
LOL. yeah, let's blame the black guy for not fixing a situation building up for 30+ years.
And not even having his party in control of Congress for the past 1 1/2.
I only blame Bush for the
active commissions on his watch.
I can see where Clinton f-d up, too. NAFTA, China, complacency about ~$20 oil, even if these were also
f- ups.
I really can't blame Obama for much. He came from Harvard, U of Chicago after all.
Kinda a made man, moving in circles that are mostly center-right (what used to be the "Establishment") bullshit.
Larry Summers, Rubin, even Krugman proffer all the orthodox crap that is the designated alternative to the extreme fringe goldbug/anti-Fed crap. Like in 1984, If you control the argument you control the outcome!
I wonder if eg. Stiglitz could have gotten access to Obama in 2008. Dubious.
"wrote on Sun, 7/8/2012 - 6:13 pm (in reply to...)
HomeGnome wrote:
94F/ 40%rh
109
10%rh
6:13pm"
65
seems like no humidity
6:19pm
Caroline Stern and George Hess arrested for dancing on New York City subway platform | Mail Online
What 'law' did they break? Dancing is forbidden in N.Y.? Is this what freedom & justice means. Make sure they are well compensated and the cops heavily disciplined .
- dallas kidman, Petit Valley Trinidad, 09/7/2012 01:16
+24
Comrade Troyski wrote:
It hurts me too, but I believe that in the long term the only alternative is tariff wars and eventually real ones.
picosec wrote:
That Men in White display is awesome. Wonder if they have a little flash light tool that reprograms you to to see Jesus on a dinosaur?
HomeGnome wrote:
102 yesterday below Ft. Worth and only medium dry. Relieved to come back to Houston in mid 90's and humidity.
YouTube - Owl City - Fireflies
Fireflies are winding down now, one stuck here in my sliding glass doors, but a couple weeks ago you look into the woods and see a light show.
picosec wrote:
wait.. did you see my post ?
I've got the daily time series for FedFunds and LIBOR ( 2001 onwards ) downloaded but the LIBOR is a working week series whereas the FedFunds is a 7 day one .. so I'll to do a bit of work ( drop all Sat Sun points from the Fed funds series) to align them and then do the correlation. - at which point I set the issue aside and got back to what I SHOULD be doing..
slides on History of Customer Experience Analytics - how does one say " I know a lot about IVRs, even wrote one.." without getting shoes thrown at you ?
Comrade Troyski wrote:
I think what we have now is sort of like a centrifuge, where there is no center per say, just this extreme-edge thinking from every direction:
picosec wrote:
If that's not a spoof then the saving grace ( GRACE! ) is perhaps that they are making a resort out of this stuff - Disneyfication ! - the ultimate death-knell .
Hob-nobbing with Romney and the Koch's in the Hamptons--priceless! The lady who does my nails and belly-button may not understand just how Obamney is hurting her, but in the fullness of time after the Rupture she'll discover it's twue, it's twue.
picosec wrote:
Historically, don't those tend to shooting wars? Or at the very least difficult to get rid of as domestic beneficiaries passing on the expense of protectionism on to the public plus a tidy profit, lobby heavily to keep them in place.
I doubt the corn industry is a big fan of reducing sugar import tariffs.
Economy 'vulnerable' to shocks: Fed's Rosengren - MarketWatch
A serious financial shock would make it "quite likely" that there would be a large impact on financial and broader stocks that could impact households and businesses on both sides of the Atlantic and cause a significant retrenchment by European financial institutions operating in the U.S. Rosengren says he is more pessimistic than his Fed colleagues, on concerns about the economic and financial conditions in Europe and restrained state and federal government spending.
Re: Bank Failure #32 in 2012: Montgomery Bank & Trust, Ailey, Georgia | Hoocoodanode?
==> That still has my blood pressure out of control:
poic wrote:
YouTube - Sachal Studios' Take Five Official Video
YouTube - Sachal Studios' Take Five Official Video
Proof: Music is the universal language.
I kind of envision Bernanke as Kaufman dressed up in his Mighty Mouse suit and miming the Mighty Mouse theme song in front of Boner and the Austerians dressed up in German nihilist suits.
But that's just me.
YouTube - Andy Kaufman: Mighty Mouse Original (Here I Come to Save the Day)
curious wrote:
What about a political shock like Mittens or a commodity shock like food prices that over-react to the drought and shortages of beef and milk and shit like that (
)?
curious wrote:
Wow, really?
aleister perdurabo wrote:
One upping this place, I bet: The Creek Club Lattingtown, NY
Upstart.
aleister perdurabo wrote:
Why does the dude playing the sitar have a different color shirt?
YouTube - Dave Brubeck - Take Five - 1966
65°F
poic wrote:
My wife owns several Cadillacs, and she really likes them.
BTW, the Ft. Worth paper this morning was for the first time getting clued into the fact that the budget fiscal cliff might pose threats to employment in the area, given the fact that so much of the area jobs were linked to Military defense spending (not stimulus, of course). There was a dim bulb adawning that deficits might be a little linked to military stimulus, but it was flickering, flickering, flickering in the article.
It was a little pathetic since they had been so anti-stimulus and so anti-deficit over the last two years that I've been visiting the AgedP's.
I do see 1970-80s Chile in our future."
Troyski
that is utter bullshit. do you know what the economy of Chile was based on?
Copper... a single commodity.
don''t make shit up... do some research...
It was a little pathetic since they had been so anti-stimulus and so anti-deficit over the last two years that I've been visiting the AgedP's.
Let us have austerity, and let it begin with you. And end there.
Outsider wrote:
I think the meme is to fling austerity on the Other, kind of like a food fight. As you say.
ONI Issues Maritime Warning for the Indian Ocean | gCaptain - Maritime & Offshore
gulf of oman included...
I wonder how the fishing is up by the pakistan-iran border?
gulf of oman - Google Maps
looks like it could be decent....maybe we should get Iranians-Pakistani's and Afghani's into fishing and hold big money purse contests, ship them tons of boats and gear...
bars do not allow dancing, *
why should it be allowed in subways?
(unless you have a cabaret license)
Love Brubeck. Apparently, it's not a calumny that he can't read music. I know Chet Baker couldn't.
Duke of Con Dao wrote:
There's more room ?
Economy 'vulnerable' to shocks: Fed's Rosengren - MarketWatch
robj wrote:
My favorite painters don't use brushes ...
picosec wrote:
Heh. We don't need a course in anatomy to know that we're being bent over...
Banks’ Living Wills Don’t Defuse Systemic Risk - Bloomberg
On July 3, the Federal Deposit Insurance Corp. and the Federal Reserve made public portions of the “living wills” developed recently by major U.S. financial institutions. The documents are the first suggestions from those organizations of what they believe should happen when insolvency looms.
The living wills were prepared in compliance with the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act and are a major step forward in terms of revealing how global megabanks are structured. Yet they are shockingly incomplete and flawed in one crucial aspect: They neglect to explain how cross- border assets and liabilities would be handled in different legal jurisdictions.
My favorite painters don't use brushes ...
Fingerpainters?
Ernie Bornine died, by the way. Probably someone posted this on last thread.
Outsider wrote:
Outsider wrote:
YouTube - Dave Brubeck - 40 Days - 1966
well, if you mean action painters like Pollock ...
or maybe the Pointillists
Duke of Con Dao wrote:
*
*
*
*
resource rents?
"In 1970, U.S. conglomerate ITT owned of 70% of Chitelco, the Chilean Telephone Company, and funded El Mercurio, a Chilean right-wing newspaper."
monopolistic control of telecommunications and media?
"The economic reforms were originally drafted by Chilean economists known as the "Chicago Boys" because many of them had studied at the University of Chicago. The plan had three main objectives: economic liberalization, privatization of state-owned companies, and stabilization of inflation."
Total reorganization of the state along neoliberal lines?
Asia is really a nice shade of red now.
or Warhol for that matter...
mp wrote:
Even if it lasted the break in period [which it didn't do] I'd be shocked if it lasted more than two years. I've had a number of them and MTBF is about one hard use year like this year or a couple light duty years. I have a 'Gold Star' in my office here and its going on three years. Still works well - I am absolutely amazed. I feel like I'm playing with house money.
sporkfed wrote:
Like a big Red Star!
Texaco !
robj wrote:
That & the DoD has become sacred. Seems like the number of flyovers of fighter jets in OR in various occasions (like football games) has increased, whether it's AF or NG.
Apparently we're all supposed to go ooooooh, and agree that really, that deal of across-the-board cuts for increasing the debt ceiling? We didn't really mean it to apply to DoD spending, why, how else will we be "kept safe" from the terrirists, whose numbers have strangely multiplied since the US invaded Afghanistan, Iraq, started bombing in Pakistan, Yemen.
Maybe the US hasn't started drone bombing in Nigeria yet although the increasing number of articles re: Al Queda combining w/"radicals" in Nigeria plus growth of Afri.com suggests that it'll be deemed "necessary" soon by the anonymous wholly unaccountable group of people w/in the Obama administration who decides who will be assassinated by drone, regardless of # of innocent civilians killed, lack of due process, hostility generated, etc.
But really, the US can't afford to maintain extended UE benefits, SNAP at its current rate (new farm bill decreases SNAP funding), or a system of national health care or even Medicare.
Richter's technique borrows a lot from Clifford Still, it seems to me.
robj wrote:
Federal spending targeted at you is wasteful pork and should be abolished. Spending on my needs however is a necessary investment in the security and infrastructure of America.
YouTube - Dave Brubeck - Take The 'A' Train - 1966
I recall I heard Brubeck's Take 5 (and Ray Charles to boot) in the basement sound room of a blind parishioner of my father not too long after this was taped, apparently. He had a reel to reel and kick ass speakers. I was a wee lad.
Blackhalo wrote:
Of course. Divide and conquer.
sporkfed wrote:
Japan economic data points to weakness - Yahoo! Singapore Finance
Separate data on Monday showed the country's core machinery orders dropped 14.8 percent in May from the previous month, pointing to weakness in new investment by corporate Japan.
The fall was much steeper than a 2.6 percent decline expected by economists.
The alternative is to let them go hungry.
1 currency now -yogi wrote:
"In 1970, U.S. conglomerate ITT owned of 70% of Chitelco, the Chilean Telephone Company, and funded El Mercurio, a Chilean right-wing newspaper."
...
that is really a useless blurb.
of course I am quite aware of ITT and Harold Geneen. but what put a stake in Allende's heart was the dramatic drop in the world price of copper... it screwed his socialist plans beyond belief.
even Breshnev concurred on this...
Doc Holiday wrote:
"Please, sir. May I have some?" (more)
Doc Holiday wrote:
That's good to know - we were worried we wouldn't be able to get another HMC on short notice should we get a spike in orders. Last time we nearly robbed then the price and terms were so good. Sounds like they will be dealin' for awhile longer.
azurite wrote:
Sure we can. The productive capacity of this country is amazing, and you shouldn't underestimate it.
We sure fritter away resources on stupid shit though!
Agronox wrote:
I agree but only because it is such a drop in the bucket compared to our 'other priorities' - like empire maintenance and bank bailouts.
azurite wrote:
Go ahead. Pull the plug on any of those. But be prepared to spend twice as much in the ER and on security, and prisons.
I have to work on other stuff ...
:screaming and kicking:
TJ and The Bear wrote:
Next they'll report that sometimes wheels on grocery store carts don't all go around. Who knew?
Agronox wrote:
Not what a majority of Congress seems to be saying (enacting into law). Majority of Congress seems to believe spending on DoD can be infinite, safety net is unaffordable.
dryfly wrote:
The spice must flow.
why is no one freaking out about LIBOR?
Because the guardians of the economics temple have sufficiently convinced the people that this is beyond them. Put it into terminology or situation that they can wrap themselves around it takes on a different twist.
I wrote the following about LIBOR with an eye to explaining it to a buddy of mine who's an organ builder and - of all things - has a screw collection.
Practical Dad
Doc Holiday wrote:
I feel yer pain !
http://i.dailymail.co.uk/i/pix/2012/07/08/article-2170677-13FB9514000005DC-481_634x486.jpg
Nice
Agronox wrote : We sure fritter away resources on stupid shit though!
YouTube - Simpsons - Monorail
azurite wrote:
Hard to get to Ryan's Hope of a flat 25% rate with all that dead weight.
homedad43 wrote:
Oh I don't know - hoocoodanode kinda says it all.
Bruce Krasting: It Ain't Priced In
China growth may now be down to 3% in our view
azurite wrote:
I don't think the DoD is overly invested in a bunch of pork. Now the Senators from low population states, for winch the DoD is the primary mechanism for sending disproportionate amounts of money relative to that population, may be concerned.
Special K for Depression Renews Hope in Hallucinogens - Bloomberg
Hoocoodanode?
Blackhalo wrote:
No; the fact that we spend about 40% of the world's spending on "defense" indicates that DOD spending is austerian.
Yeah, now it's time to get back to Dance Moms...damn, but that Kelly is hot, huh?
creditcriminalslovetarp wrote:
Our order book doesn't suggest that - we have product that goes into product used in construction machinery in China - that might be last quarter's number [we were dead slow on that product for the previous 6-8 months] but seems they've stomped on the gas lately. Question now is will it work?
homedad43 wrote:
nice write-up. like the way you mention standards - not ethical standards,silly, but the standards of "what is a lb", what is a gallon type of standard.
Blackhalo wrote:
As for prisons, be interesting to see what happens there: Lane County Jail frees 3 homicide suspects | The latest releases include two people accused of auto fatalities and one beating death suspect and Oregon Jail Releases Prisoners Due to Budget Cuts | JD Journal and I think the state of OR is looking to reduce its prison population. It's already got one prison structure that's never been used..
And, "In fact, research by the Austin American-Statesman shows, the situation is increasingly common in Texas and across the country because of declining crime rates, government budget cuts and increased use of treatment programs that have deflated a 20-year boom in building jails and prisons." County, private lockups sit empty, drain money as Texas prisoners dwindle
I call the big one 'bitey".
My friend Muhammad is the pro out there now. Khaled is there too.
Here's his daughter:
Amanda Sobhy squashes the competition - espnW
azurite wrote:
Need more prizzZZZzonerrrzzz....