I thought I'd sold a house earlier this week, only to find out it had been revised away.

Hate it when that happens.

Nemo's Monkey

I'm glad that I diversified into Apple, Netflix and RadioShat.

Lawler blames the weather....how original. Snark

This whole video is worth watching:

YouTube - Keiser Report: Bribe Masters on Shopping Spree (E284)

"That's why ratings at CNBC are crashing, because computers don't watch TV."

poic wrote:

I'm glad that I diversified into Apple, Netflix and RadioShat.

Indeed - spreading the losses around and over time is far less painful than one large hit taken all at once

Former Idealist wrote:

"This is the monster in the closet. Ben created it. Thats what the Fed does. Creates disasters."

The Fed was chartered to avoid such monsters. But then what can you expect from something created on Jekyll Island.

Federal Reserve System, Jekyll island, History, Aldrich Plan, J. Pierpont Morgan, Historical, Dr. A. Piatt Andrew, Henry P. Davison, National City Bank, Frank A. Vanderlip, Kuhn, Loeb, Co., Paul M. Warburg, Nelson W. Aldrich

Strange Case of Dr Jekyll and Mr Hyde - Wikipedia, the free encyclopedia

"Dr Jekyll, a "large, well-made, smooth-faced man of fifty", occasionally feels he is battling between the good and evil within himself, thus leading to the struggle between his dual personalities of Dr Jekyll and Mr Hyde. He has spent a great part of his life trying to repress evil urges ...

"^ I'm with Stupid ^ "

Gnome I've got to tell you that speaking in the 3rd person in an indication of serious mental issues.

For the Love of GAWD please get help.

poic wrote:

For the Love of GAWD please get help.

Hmm... isn't that a bit like self-love?

HomeGnome wrote:

Riverbanks begins work on fence that cuts off revelers to river - Local / Metro - TheState.com

sigh, another revenue opportunity lost to lack of vision:

One evening last week, Krantz said, he had to break up a parking lot fight when he was leaving work. "Two women were slugging it out in bikinis behind my pickup truck because one of them had lost their car keys," he said.

ac wrote:

"That's why ratings at CNBC are crashing, because computers don't watch TV."

Not because it is one, long, 24 hour commercial, for corporate products? Glad I cut the cord.

Sick

358K SAAR for first six months

lawler prediction 365K for full year

first of year benefited from weather and "experts" calling for a better economic year (for the nth time).

back half of year staring at reality

chances of july NFP negative?

OT: Pigged Crying

But Mr. Geithner on Wednesday also acknowledged that he did not alert federal prosecutors to the wrongdoing.
The revelation prompted lawmakers to question whether his response was sufficient, given the scope of wrongdoing and the importance of Libor to the broader financial system. Libor, a measure of how much banks charge to lend to one another, is a benchmark for trillions of dollars in mortgages and other loans."

==> I'm seeing a strong parallel between Geithner and

Joe Paterno didn't do everything he could to stop former assistant Jerry Sandusk

sigh, another revenue opportunity lost to lack of vision:

on a DC sports radio station this morning - dan snyder, owner of the redskins, is going to sell naming rights to various parking lots surrounding the stadium.

energyecon wrote:

sigh, another revenue opportunity lost to lack of vision:
One evening last week, Krantz said, he had to break up a parking lot fight when he was leaving work. "Two women were slugging it out in bikinis behind my pickup truc

Just add meth

Yep...those look like deer hunting rifles to me......

NRA Muscle Chills Gun-Control Talk After Shootings - Bloomberg

What a freakshow....

Awesome:

"A record 70,000 cubic-meters of water per second were expected to flow through Three Gorges Dam (above), the largest hydroelectric project in the world."

184M Gallons of Flood Water Vs. World's Largest Dam: Video - Bloomberg

RadioShack's Troubles Mount: Stock is 'Dead Money' - MarketBeat - WSJ

Wanna see a dead stock...?

SUPERVALU Inc, SVU Stock Quote - (NASDAQ) SVU, SUPERVALU Inc Stock Price

I wish CR would move away from this housing sector BS and get into some bigger economics issues.

Housing might have driven the train 2002-2007 but it's the tail on the dog now.

Debt Outstanding Domestic Nonfinancial Sectors - Household, Home Mortgage Sector (HHMSDODNS) - FRED - St. Louis Fed

I like Stan Collender's piece on the big continuing resolution that is due in October.

ISTM Boehner's going to have to cut spending big time if he wants TP votes, otherwise compromise big time if he wants Dem votes.

IOW, the legislative process in Congress is still f'ed and it's going to come to a head again right before the election.

I wish CR would move away from this housing sector BS and get into some bigger economics issues.

This is and always has been a Housing Blog...from day one.

... in the depths of the Great Depression, when the S&P 500 was trading at less than 2 times the pre-Depression level of earnings, the Shiller P/E on 10-year normalized earnings was less than 5, and the S&P 500 was yielding 16%. As a side note, many analysts seem almost woozy at the “incredible value” that supposedly exists in stocks because the 2.3% yield on the S&P 500 exceeds the 1.45% yield on 10-year Treasuries.

...

I continue to expect negative employment changes in the coming months, though as I’ve noted before, we may only find this out later on revisions rather than the initial prints in real-time. In any event, I am convinced that we will ultimately learn that the U.S. economy, slightly trailing the global economy, entered a new recession in June.

Hussman Funds - Weekly Market Comment: Extraordinary Strains - July 23, 2012

That bloodthirsty Hussman won't be content until he sees every single American living out on the streets.

Calculated Risk
--Finance and Economics

Comrade Troyski wrote:

Housing might have driven the train 2002-2007 but it's the tail on the dog now.

There is no dog: Slumdog

Schaeuble Declares Markets Wrong as Europe Heads to Vacation - Bloomberg

Jul 25, 2012

"German Finance Minister Wolfgang Schaeuble declared bond traders all wrong in driving up Spanish borrowing costs to unsustainable levels.

After issuing the statement late yesterday, Schaeuble, 69, went off duty for a three-week vacation."

this here vid mash is inspired if I must say so... Duke Point
YouTube - MIDGET v. GIANT: You Didn't Build That, James Dean! says President Obama
...
don't know why I keeping giving HCN first look with all the bullshit I
have to put up with here... guess I'm just loyal! Wink

--Finance and Economics

Gnome, back in 07 the premise was housing...Hence TANTA!

Comrade Troyski wrote:

I wish CR would move away from this housing sector BS and get into some bigger economics issues.

Charts and RE are kind of his thing. Do you complain when you go to a Chinese restaurant that rigatoni is not on the menu?

:Aqua Net: Bic Flick

Don't make me use this, shill.

After issuing the statement late yesterday, Schaeuble, 69, went off duty for a three-week vacation."

"Eff'em ... i got bikini clad babes waiting for me on the yacht ..."

Don't make me use this, shill.

LMAO!!!!!! New Keyboard

There is no dog

ayup. Remove the

07/23/2012 11,065,934,893,561.99
07/01/2009 7,165,693,583,729.37

$4T (!) in deficit spending over the past 3 years and we woudn't have an economy today.

back in 07

Like I said, back in 2007 housing was relevant.

That wad has been shot.

Comrade Troyski wrote:

Housing might have driven the train 2002-2007 but it's the tail on the dog now.

That's right.

Furthermore, it's all about multi-family anyway.

Single-family is kind of played out.

Spoon, real spoon; it will be forking over.

This is and always has been a Housing Blog...from day one.

yes, well. Seeing as how the publisher of "calculated risk" seeing can't seem to shake a dedicated cadre parochial "autistic petty rentier" commenters, that statement would be true.

Spoon, real spoon; it will be forking over.

Falling Knife

$4T (!) in deficit spending over the past 3 years and we woudn't have an economy today.

back in 07

Deficits don't matter

Dick Cheney 2009

Mary wrote:

autistic petty rentier

we are not rentiers

Do you complain when you go to a Chinese restaurant that rigatoni is not on the menu?

Just sayin' CR's front page is generally useless trivia these days.

If his business model is just pumping the same BS content through the front page every week, that's his right.

There is more important stuff out there.

GYOFB, I know.

Juicy: Crisis Management Falters as Beijing Mayor Resigns - China Real Time Report - WSJ

"the Party must deal with anguish being voiced in Chinese social media that Beijing’s much-vaunted modernization may have turned out to be for show—that although subways continued to run and internet service remained (mostly) intact this weekend, the city could not protect its residents from a major rainstorm."

Ruh-roh

This is and always has been a Housing Blog...from day one.

If I recall he briefly tried to branch out into climate change and it caused quite the uproar.

yes, well. Seeing as how the publisher of "calculated risk" seeing can't seem to shake a dedicated cadre parochial "autistic petty rentier" commenters, that statement would be true.

I think I love you Maryann Innocent

Comrade Troyski wrote:

There is more important stuff out there.

I always ask for bread and butter at Chinese restaurants

the Duke Point finally got around to a Western themed mash-up
and he pulled out all the stops... only the best for HCN'ers...
...
anyone want to tell me how crappy this is?
YouTube - MIDGET v. GIANT: You Didn't Build That, James Dean! says President Obama
...
oh, ps... I was accused by douche bag extraordinaire Rob Dawg yesterday of
stealing clips. it's not stealing dumbass, it's called paying homage to masterworks!
most everyone does it...

energyecon wrote:

One evening last week, Krantz said, he had to break up a parking lot fight when he was leaving work. "Two women were slugging it out in bikinis behind my pickup truck because one of them had lost their car keys," he said.

"had to.." ?

Single-family is kind of played out.

SFH has been bid up, but should we see a 1970s-scale inflation event today's prices will prove to be the mother of all buy-in opportunities.

I think there's a 30% chance of that happening, but it requires Romney winning.

If it were easy it would be called YOUR MOM!

ex-Duke of Con Dao wrote:

anyone want to tell me how crappy this is?

no, but in the hands of someone talented, it could be better

Here is the US Economic Activity graph from Hussman's link.

Not pretty.

What has the rate of food price inflation already over the past year?

Corn prices spike, leading to higher food price forecast - Jul. 25, 2012

The U.S. Department of Agriculture said Wednesday that meat prices would rise significantly, with the consumer price index for beef and veal expected to gain between 3.5% and 4.5% this year.

Taking a look at SNAP benefits, they are going down ~-2% in nominal terms year over year on a per household basis, $277/household/month for April, 2012 (last month reported).

Deficits don't matter

Deficits 2009-now have kept the 2002-2008 party going.

Graph: Total Credit Market Debt Owed by Domestic Nonfinancial Sectors (TCMDODNS) - FRED - St. Louis Fed

shows the true driver of the Bush Boom, such as it was.

Rob Dawg wrote:

"had to.." ?

As I noted, lacking the "vision thing" New Keyboard

Any increases in meat prices will be temporary as herds are thinned due to the high price of feed.

ex-Duke of Con Dao wrote:

most everyone does it...

Holy shit: Duke is Geithner.

HomeGnome wrote:

Rob Dawg wrote:

"had to.." ?

yes.

Indeed.

Lurking Lawyer wrote:

increases in meat prices will be temporary as herds are thinned

Meat prices down here. We are filling the freezer.

Lurking Lawyer wrote:

Any increases in meat prices will be temporary as herds are thinned due to the high price of feed.

Consumers Unlikely to Feel Drought Impact on Food Prices Until 2013 - Real Time Economics - WSJ

Jumped back in on TWO...looking for $12.50

TWO Options | Two Harbors Investment Corp Stock - Yahoo! Finance

Retroactively of course Tongue

"Dynasty"

Russian firm paid Sean Quinn Jnr fiancee €320k salary before wedding
SEAN Quinn Jnr's new bride received more than €320,000 in salaries from Russian companies in the year leading up to her glitzy marriage to the Quinn heir.

* Bankrupt tycoon says he'd take son's place in Mountjoy [PRISON]
* IBRC to seek permission for trawl of grandchildren's bank accounts

::
It has emerged that Ms Woods was one of eight members of the Quinn family and their partners to receive €2.8m in purported salaries from three Russian companies after the Quinn Group was placed under the control of the former Anglo Irish Bank.

She received €320,927 in after-tax salaries from three Russian companies in the Quinns' IPG.

Anglo, now known as the IBRC, has said in court papers that it was "not aware of any work done" by Ms Woods to justify the payments....

The bank is also querying the transfer of 100,000 shares in subsidiaries of Quinn Investments Sweden to a woman, Noreen Mary Maguire, for €10.

The IBRC wants receivers appointed over the assets of the Quinn's five children and other extended family members. They have been allowed to withdraw €2,000 a week in expenses after their accounts were frozen.

::
TIMMmmmAYYY, eRRRRRRRRRICCC what have you done for me LATELY?!!

Those ex-duke video links are pure shit.

I do some of my weekly shopping at a WinCo, a somewhat ghetto-ish supermarket.

Generally either the person behind me or the person in front of me is paying with SNAP.

I do some of my weekly shopping at a WinCo, a somewhat ghetto-ish supermarket.

Again speaking of Ghetto

SUPERVALU Inc, SVU Stock Quote - (NASDAQ) SVU, SUPERVALU Inc Stock Price

josap wrote:

Meat prices down here. We are filling the freezer.

We have had enough rain this year that it would pay to move cattle down here.

They did this last time Texas got hammered...

Chris

Former Idealist wrote:

Those ex-duke video links are pure shit.

It's the Douche of Con Dao

energyecon wrote:

Rob Dawg wrote:

"had to.." ?

As I noted, lacking the "vision thing" New Keyboard

Tickets, subscriptions, oiling concessions, PPV, side deals...

no, but in the hands of someone talented, it could be better" Volker
...
WTF do you know about moviemaking? you're just a hillbilly from Kentucky,
outside of MS it's the most backward state in the Union.
...
can you do better Mountain Dew boy?

shill wrote:

Wanna see a dead stock...?

Dead company - squeezed between Walmart & Target.

so you say.
< church ladey moment >
5 years of robust financial "advice" sez udder-wise.

I'm calling a sell off starting 30 minutes before the close

Mary wrote:

5 years of robust financial "advice" sez udder-wise.

Milk it for all it's worth.

Rob Dawg wrote:

Tickets, subscriptions, oiling concessions, PPV, side deals...

Next up we can feature hotties wrestling each other for a mortgage in a posh neighborhood while their husbands compete to outbid one another for it.

Mary wrote:

5 years of robust financial "advice" sez udder-wise.

so she's should be about 19 by now then.....

josap wrote:

House passes Ron Paul's audit-the-Fed bill - MarketWatch

.... an udder waste

ex-Duke of Con Dao wrote:

can you do better Mountain Dew boy?

did the first run through yesterday at client

doing second take today

if you promise to quit being an ass hole, I'll post it when it's done

dryfly wrote:

shill wrote:

Wanna see a dead stock...?

Dead company - squeezed between Walmart & Target.

Two comments: Location. Supply chain integration.

Strangely while I have nothing but data to the contrary I cannot help but feel the Walmart model is destined for a fall. They do everything right and they do it early if not first. They cover their bases State and Federal. They are masters at manipulating local municipalities. Labor costs are below low. I just cannot shake the feeling there is something they are missing.

sum luk wrote:

.... an udder waste

Pam was yesterday's topic of the afternoon...

sum luk wrote:

.... an udder waste

yes Laughing out loud

But good campaign noise.

ResistanceIsFeudal wrote:

Next up we can feature hotties wrestling each other for a mortgage in a posh neighborhood while their husbands compete to outbid one another for it.

Don't you mean underbid? Evil

Rob Dawg wrote:

Don't you mean underbid?

No, this is a reality show, not reality. Highest bidder wins, as always; the wrestling is just for our enjoyment.

YouTube - "Howard Roark, You Didn't Build That!" says President Obama
...
nope, conceptually that is quite clever. the execution could have been done better. (e.g., pacing too fast at end)
....
YouTube - Real Estate Guru Bill McBride on Kanye West's Novel Asset Management Approach: An Analysis 
...
that's pretty much crap, but I wanted to use that Ass State line from Kanye...
....
YouTube - Which way are the political winds blowing? Ask Mitt the Human Weather Vane - part man, part machine 
....
needs work, maybe not salvageable. the choice of the Days of Heaven clip was inspired...
...
don't like 'em? y'all should** kiss my AssState!** Duke Point

ex-Duke of Con Dao wrote:

WTF do you know about moviemaking?

Nothing. It isn't your critics it is your content, technique, presentation, attitude, persistence, tone, etc. that are the issues.

no, but in the hands of someone talented, it could be better

Laughing out loud

Rob Dawg wrote:

I just cannot shake the feeling there is something they are missing.

It's almost as if they are aggressively running a private enterprise instead of pilfering a social scam to score capital flows from the government like everyone else. Pure old economy thinking, destined to fail.

Rob Dawg wrote:

Strangely while I have nothing but data to the contrary I cannot help but feel the Walmart model is destined for a fall.

We discussed this last night - success breeds failure if it results in complacency. We have seen a lot of that here in the Twin Cities lately - BBY, Supervalu and soon you can add Target and Nash Finch.

Our Market are Schizophrenic Glorious!

ex-Duke of Con Dao wrote:

can you do better Mountain Dew boy?

Duke Point be confused... absentminded philospher of somewhat similar handle is the Mountain Dew teetotaler...

"it's a real nutcracker "

By it do you mean shill?

energyecon wrote:

absentminded philospher of somewhat similar handle is the Mountain Dew teetotaler...

vonbeck where are you? Sad

Rob Dawg wrote:

I just cannot shake the feeling there is something they are missing.

:china: :brickwall: :100mph:

":china: :brickwall: :100mph: " ---> :chinese driver:

:china: :brickwall: :100mph:

China is too big for anyone to model.

I think if they dispense with this UST-buying game they can focus a lot more on internal wealth accretion.

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt 

doesn't tell the whole story, but it does make you go 'hmmm'.

poic wrote:

":china: :brickwall: :100mph: " ---> :chinese driver:

Fat Cat : Ehh... Unfortunate, but there's plenty more where he came from. I'll up the offer by $0.01

China Mart. Coming to a location near you! Big smile

Lobbyist Ben Dover wrote:

China Mart. Coming to a location near you!

.... dude, you need to shop more .....yer a bit late

dryfly wrote:

Rob Dawg wrote:

Strangely while I have nothing but data to the contrary I cannot help but feel the Walmart model is destined for a fall.

We discussed this last night - success breeds failure if it results in complacency. We have seen a lot of that here in the Twin Cities lately - BBY, Supervalu and soon you can add Target and Nash Finch.

Walmart needs to also survive the legacy family competency transition.

Truly though I think their biggest issue is exploitation of the commons. They cannot continue to use public roads for both supply and customers without eventually being held to account.

Lobbyist Ben Dover wrote:

China Mart. Coming to a location near you!

Hu Knows ???

ResistanceIsFeudal wrote:

Ehh... Unfortunate, but there's plenty more where he came from. I'll up the offer by $0.01

Cue for the "Heavy Handbook"

Our greatest resource is our expendable manpower! [Makes an unnecessary example out of nearest minion]

somewhat similar handle is the Mountain Dew?
...
my grandma did herself a favor by marrying up and getting the hell out of Kentucky
and mixing her shanty Irish blood with some higher octane on the DNA ladder...
...
I'll be waiting for it Volker...

I think Walmart has reached the limit of what can be done with state of the art IT and logistics and scale. Diminishing returns...can't slice the POS data any thinner, can't reduce fuel costs or trucker wages, no more bottomless source of cheap labor.

I just cannot shake the feeling there is something they are missing.

Nobody ever went broke underestimating the purchasing power of the American public.

Rob Dawg wrote:

Truly though I think their biggest issue is exploitation of the commons. They cannot continue to use public roads for both supply and customers without eventually being held to account.

Local gubbermints can't be too upset about the sales tax income.

no more bottomless source of cheap labor.

give it a few more years

ex-Duke of Con Dao wrote:

my grandma did herself a favor by marrying up

Of course she did.

sm_landlord wrote:

Local gubbermints can't be too upset about the sales tax income.

Local dopes, losers and all around ruffians in dying rural towns can't be too upset about the steady job even if it's at subsistence wages.

rosethorn wrote:

I think Walmart has reached the limit of what can be done with state of the art IT and logistics and scale.

I don't think they are even scratching the surface.

For but one obvious instance: Holograms in the stores with next day delivery. 1/10th the employees and 1/20th the square footage.

Gosh, why not sell Chevy's and Deeres with that investment?

ex-Duke of Con Dao wrote:

my grandma did herself a favor by marrying up and getting the hell out of Kentucky
and mixing her shanty Irish blood with some higher octane on the DNA ladder...
...

"Duke calling Orson. Come in Orson."

You seem to be lacking the inner peace these days, Duke. What's the trouble?

Someone tell me how Ben buying mortgage loans is gonna stimulate the economy.

Comrade Troyski wrote:

I wish CR would move away from this housing sector BS and get into some bigger economics issues

Why? After the first few responses, the commentariat here moves off-topic.

sum luk wrote:

.... dude, you need to shop more .....yer a bit late

I didn't think it needed a snark tag. Looked at a barrel fan at the farm store the other day big Made in the USA stickers. The motor said made in China.

ex-Duke of Con Dao wrote:

outside of MS it's the most backward state in the Union.
...
can you do better Mountain Dew boy?

Leave My Dog Mississippi out of it Duke.

ex-Duke of Con Dao wrote:

I'll be waiting for it Volker...

such is your sad pathetic existence

rosethorn wrote:

I think Walmart has reached the limit of what can be done with state of the art IT and logistics and scale.

Not quite yet.

Rob Dawg wrote:

Strangely while I have nothing but data to the contrary I cannot help but feel the Walmart model is destined for a fall.

We discussed this last night - success breeds failure if it results in complacency. We have seen a lot of that here in the Twin Cities lately - BBY, Supervalu and soon you can add Target and Nash Finch.

Good comment Rob, Honestly I would have called $3 as a low for SVU....foiled again.

sm_landlord wrote:

Local gubbermints can't be too upset about the sales tax income.

As long as they didn't bargain it away in order to attract Walmart and/or Sam's Club. Oxnard did that. Lost millions up front and millions more since.

Rob Dawg wrote:

One evening last week, Krantz said, he had to break up a parking lot fight when he was leaving work. "Two women were slugging it out in bikinis behind my pickup truck because one of them had lost their car keys," he said.

"had to.." ?

"Well, pilgrim, someone oughtta do it. But I won't. . . . The HELL I WON'T."

Elvis wrote:

What's the trouble?

maybe his NK super model girl friend developed standards

Former Idealist wrote:

Someone tell me how Ben buying mortgage loans is gonna stimulate the economy.

Ben knows the Great Depression. And his head is a shiny ball, not unlike crystal. When he rubs his head really hard, nothing happens, because he is impotent.

Former Idealist wrote:

Someone tell me how Ben buying mortgage loans is gonna stimulate the economy.

Another Easing Option the Fed Could Consider - Real Time Economics - WSJ

"Someone tell me how Ben buying mortgage loans is gonna stimulate the economy. "

Step 1) Ben buys MBS
Step 2) Economy enters black box
Step 3) Black box combines Ben MBS (BMBS) with Economy using proprietary formula
Step 3) New and improved Economy (NewEcon ™) exists Black Box
Step 4) Magic economic stimulus

New Fed mandate:
1. Help the banks.
2. Ignore the Constitution as long as you help the banks.

We are getting a Nat gas filling station at the truck stop right next to the Wal Mart distribution center. I wonder if they are going to try Nat gas out. Wink

^ I'm with * burglar above ^

Lobbyist Ben Dover wrote:

I wonder if they are going to try Nat gas out.

Nine out of ten truckers prefer meth to natural gas according to the National Dentist Association.

New Fed mandate:
1. Help the banks.
2. Ignore the Constitution as long as you help the banks.

Banks are sitting on $1.45 Trillion US in reserves, Fuk the banks, stimulate the people with QE3.

And no $3 K won't cut it.... IE : Thingamajig

Lobbyist Ben Dover wrote:

I wonder if they are going to try Nat gas out.

is your Wallie World somewhere near Bugtussle, Arkansas?

ya wonder?!

Lobbyist Ben Dover wrote:

We are getting a Nat gas filling station at the truck stop right next to the Wal Mart distribution center. I wonder if they are going to try Nat gas out.

Lots of sophisticated delivery operations are rapidly switching to natgas. The new 3600psi fast fill stations and GPS route optimization are making it possible to switch to $1.60/gal equivalent gas, lower emissions and longer vehicle life.

Watching the Growth of Walmart Across America | FlowingData 

Nifty app...like watching a pandemic or all out nuclear exchange Wink Map of US with blue circles appear representing new stores

Lobbyist Ben Dover wrote:

I didn't think it needed a snark tag. Looked at a barrel fan at the farm store the other day big Made in the USA stickers. The motor said made in China.

You know how you buy the "build-it-yourself" stuff and find those funny little booklets with five or six languages of one-page instructions and a foldout of visual assembly diagrams? When we "take over" and become a manufacturing economy again, it'll be to do that assembly work, slap a markup on, and deliver it to the paying customer.

Comrade Troyski wrote:

$4T (!) in deficit spending over the past 3 years and we woudn't have an economy today.

That's in the neighborhood an average of $10k/household/year. If spread evenly, that would also increase the median by the same amount.

Has median income increased $10k/year since 2009?

[Yes, I know...an apples and oranges argument but a kernel of truth as well.]

"Someone tell me how Ben buying mortgage loans is gonna stimulate the economy. "

http://www.mizuhobank.co.jp/loan/housing/housing_loan/plan/images/zenkikan_jushi_img_02.gif

is hard to understand if you don't read kanji but this shows how e.g. the BOJ is buying down a 3% 10 year ARM to 1.5%.

These interest rates would in fact juice up housing valuations significantly.

Kinda a cargo-cult redo of the 2002-2006 good times, but when all you have is a hammer . . .

Looks like the ( Cough ) traders didn't like the audit the Fed bill.

Who here feels this has legs?

Sorry I don't...

Rob Dawg wrote:

Lots of sophisticated delivery operations are rapidly switching to natgas

Rapidly seems to have been downgraded in your vocabulary.

sum luk wrote:

.... an udder waste

Would be an amusing turn of unexpected events, if the Senate Dems said, "Sure, why not?"

Elvis wrote:

When he rubs his head really hard, nothing happens, because he is impotent.

Family blog???

Chris

km4 wrote:

  • Hang him high

But use the finest quality rope. Wouldn't want any rope burns.

the big black dog is frightening

Who here feels this has legs?

Take the Senate and the WH, then we'll see.

Step 1) Ben buys MBS

Step 3) Black box combines Ben MBS (BMBS) with Economy using proprietary formula

Step 4) Magic economic stimulus

So it helps the banks.

The coup is complete

Cobradriver wrote:

Family blog???

Kids don't get the underlying meaning. Plus, they only read Duke's comments.

shill wrote:

Looks like the ( Cough ) traders didn't like the audit the Fed bill.
Who here feels this has legs?
Sorry I don't...

I think we need a committee to audit the audit the Fed bill first. What caterer do you think we should use, and do we want a square or round table? Oak or Mahogany?

looks like the sell off has begun

Elvis wrote:

Rob Dawg wrote:

Lots of sophisticated delivery operations are rapidly switching to natgas

Rapidly seems to have been downgraded in your vocabulary.

Fair enough. I see near nothing for 9 decades and then an exponential from nothing and use the word "rapidly."

HomeGnome wrote:

Astros suck!

They could beat their record set last year.

looks like the sell off has begun

time to call Hilsenrath again.

Has median income increased $10k/year since 2009?

The Federal deficit spending has been a partial replacement of the $1.2T/yr mortgage credit bubble:

Graph: Debt Outstanding Domestic Nonfinancial Sectors - Household, Home Mortgage Sector (HHMSDODNS) - FRED - St. Louis Fed

which died in 2007.

It's not about increasing, it's about keeping the game going.

Somebody needs to float a rumor about a rumor coming.

robj wrote:

They could beat their record set last year.

Astros real name is Tralfaz.

Rickkk wrote:

Schaeuble Declares Markets Wrong as Europe Heads to Vacation - Bloomberg
Jul 25, 2012
"German Finance Minister Wolfgang Schaeuble declared bond traders all wrong in driving up Spanish borrowing costs to unsustainable levels

This is the political class in a nutshell.

volker the viking wrote:

haven't seen yogi awhile

Consults custom RSS feed for news featuring doored pedestrians....

So far so good.

Rob Dawg wrote:

Lots of sophisticated delivery operations are rapidly switching to natgas. The new 3600psi fast fill stations and GPS route optimization are making it possible to switch to $1.60/gal equivalent gas, lower emissions and longer vehicle life.

Waste Management just put in a 20 or 30 truck fueling facility for NG in Sarasota. It's the slow overnight version...

Chris

poic wrote:

Somebody needs to float a rumor about a rumor coming.

Looks like somebody chose spreading Rumor instead of starting Rumor, if she is coming.

Elvis wrote:

Astros real name is Tralfaz.

No! George! Ruy Ruv Ryou!

Somebody needs to float a rumor about a rumor coming.

some turds float, some don't. Has to do with gluten.

HomeGnome wrote:

Spoon, real spoon; it will be forking over.

That's knife!

Former Idealist wrote:

some turds float, some don't. Has to do with gluten.

I thought that was stench... Sick

Cobradriver wrote:

Waste Management just put in a 20 or 30 truck fueling facility for NG in Sarasota. It's the slow overnight version...

That's how it starts. Of course you don't want to get me started on Waste Management.

volker the viking wrote:

the big black dog is frightening

Dog is cute and friendly.
Just wants to play, or maybe eat the camara.

Cobradriver wrote:

It's the slow overnight version...

I read that sentence but I swear all I could see was 'JOBS JOBS JOBS'

$550 million, now that is for sure a depressed economy

Raise taxes to what they should be, and nobody would feel like blowing money at Vegas.

I think taxes should go up 500 to 1000 bps across the board.

Notgonnahappen, but that's what I think.

What is going to happen instead is the mysterious thing.

Here in some Massachusetts communities you get one barrel and one barrel only....fill it and you are shit out of luck. ..Recycle more they say.

"POIC you need one of these"

Thanks for the kind thoughts. I already have one of the larger 200lb weights.

I think taxes should go up 500 to 1000 bps across the board.

No argument from me, I have no problem with paying taxes, I pay anyway.

Comrade Troyski wrote:

What is going to happen instead is the mysterious thing.

On the show Lost, I was disappointed that Amelia Earhart never showed up, because I wanted some closure.

ResistanceIsFeudal wrote:

Ehh... Unfortunate, but there's plenty more where he came from. I'll up the offer by $0.01

Very shrewd of you to get the gender correct.

We all know that had it been a Chinese female poic's line would have read
":china: :brickwall: :15mph: " ---> :chinese driver:"

ResistanceIsFeudal wrote:

I read that sentence but I swear all I could see was 'JOBS JOBS JOBS'

Hey, great idea. We should let new trainees go across the nation installing the high pressure low molecular weight high volatility plumbing and delicate electrical control systems to promote jobs.

shill wrote:

you get one barrel and one barrel only....

Only one barrel per household here as well, always been that way.

josap wrote:

shill wrote:

you get one barrel and one barrel only....

Only one barrel per household here as well, always been that way.

Gosh, government policy unintended consequences. HCN?

Rob Dawg wrote:

Hey, great idea. We should let new trainees go across the nation installing the high pressure low molecular weight high volatility plumbing and delicate electrical control systems to promote jobs.

so long as the plumbing is 100% Rearden metal and those are Taggart control systems

Only one barrel per household here as well, always been that way.

Its only a few years old here, but some communities still have not caught on as of yet.

time to close the so-called, and I do mean so-called market.

Rob Dawg wrote:

Gosh, government policy unintended consequences. HCN?

And YOU get one barrel...
And YOU get one barrel...
And YOU get one barrel...

Recently they outlawed Chinese Fire Drills in China, because it was slowing traffic to a halt. But, even though it has been outlawed on the road, many Chinese still perform Chinese Fire Drills during romantic interludes on their beds. Seems like a case of instincts that will not go away. Unfortunately, several thousand people have died from running into their walls.

ResistanceIsFeudal wrote:

so long as the plumbing is 100% Rearden metal and those are Taggart control systems

Dagny nabbit there's no getting a joke past the commentariat.

ResistanceIsFeudal wrote:

I read that sentence but I swear all I could see was 'JOBS JOBS JOBS'

They actually have openings for driver trainees at the local location.

They can't fill them.

How friggin bad is that?

BTW,pay isn't bad for entry level and really good bennies.

Chris

black dog wrote:

I thought that was stench...

Uta Pippig is his mom.

My daughter just called me screaming I am like WTF?...My grandson just took his first steps Beer

HomeGnome wrote:

http://i.qkme.me/356yrc.jpg  <---Rob Dawg

Damn! Lucky Dawg....

sum luk wrote:

Consumers Unlikely to Feel Drought Impact on Food Prices Until 2013 - Real Time Economics - WSJ

So, when food prices continue to increase this year, we can call it unexpected price inflation.

shill wrote:

My grandson just took his first steps

Did he get caught? Is his mom turning him in? When stealing habits begin early, they are hard to stop. First steps, then candy bars, and finally retirement nest eggs.

Rob Dawg wrote:

Dagny nabbit there's no getting a joke past the commentariat.

I know it's tempting to turn to rational analysis and see positive outcomes becoming possible, but it leads only to disappointment and deeper cynicism. Oh monks, truly, all is suffering.

Yancey Ward wrote:

So, when food prices continue to increase this year, we can call it unexpected price inflation.

Expected or un-, it doesn't matter as long as it's somehow kept out of the official CPI.

I wish I were joking.

Sounds like he's ready for the personal responsibility/gold hoarding speech.

My grandson just took his first steps

"So, when food prices continue to increase this year, we can call it unexpected price inflation. "

No, anything with inflation get's stripped out of the inflation number that the FED looks at.

dryfly wrote:

We have seen a lot of that here in the Twin Cities lately - BBY, Supervalu and soon you can add Target and Nash Finch.

Whatever happened to Cray Computing?

Mook wrote:

Expected or un-, it doesn't matter as long as it's somehow kept out of the official CPI.

stewed cardboard with a ramen beef flavor packet is a perfectly acceptable hedonic substitute for hamburger if you stew it right.

Cinco-X wrote:

Whatever happened to Cray Computing?

He died in a car wreck and went to Tron.

ResistanceIsFeudal wrote:

stewed cardboard with a ramen beef flavor packet is a perfectly acceptable hedonic substitute for hamburger if you stew it right.

Flavor packs are expensive. You must have made a bunch of money in SRS.

Sounds like he's ready for the personal responsibility/gold hoarding speech.

Na he will inherit that naturally..

Cobradriver wrote:

They actually have openings for driver trainees at the local location.
They can't fill them.
How friggin bad is that?
BTW,pay isn't bad for entry level and really good bennies.

I won't even go to justification but the new world of identified for life means your past follows you. A DUI and you are out of the running. Two speeding tickets, equally.

There are so few jobs vice potential applicants that standards are being upped. The sad part is that HR types are totally incorrect in their criteria. Don't pick the best, pick the least qualified and grow the seed. The problem is HR types know HR is a dead end and they treat the rest of the corporation the same.

rosethorn wrote:

I think Walmart has reached the limit of what can be done with state of the art IT and logistics and scale. Diminishing returns...can't slice the POS data any thinner, can't reduce fuel costs or trucker wages, no more bottomless source of cheap labor.

There's still some market share to steal from some of the big box stores...Best Buy, Lowes, Home Despot...

Cinco-X wrote:

Damn! Lucky Dawg....

Can: +1
Don't have to: +100

Rob Dawg wrote:

The problem is HR types know HR is a dead end and they treat the rest of the corporation the same.

As long as there is employment law HR will not be dead.

Comrade Troyski wrote:

The Federal deficit spending has been a partial replacement of the $1.2T/yr mortgage credit bubble:

So the beneficiaries have been those who "lost their homes" to FC and short sale.

Psychologically quite damaging but financially not so much. Blood and turnips come to mind.

ResistanceIsFeudal wrote:

Local dopes, losers and all around ruffians in dying rural towns can't be too upset about the steady job even if it's at subsistence wages.

I don't appreciate your comments about my relatives and in-laws...

ResistanceIsFeudal wrote:

Oh monks, truly, all is suffering.

Ahem: Monk's Cafe - The soul of Belgium in the Heart of Philadelpiha

By definitiion, Monk's ≠ suffering.

shill wrote:

My grandson just took his first steps

Big smile
In six months they will be telling him not to run.

Mook wrote:

Yancey Ward wrote:

So, when food prices continue to increase this year, we can call it unexpected price inflation.

Expected or un-, it doesn't matter as long as it's somehow kept out of the official CPI.

I wish I were joking.

Corn input price impacts (for but one instance) are small and delayed in terminal retail consumer prices. That will not prevent the food conduit complex from ratcheting prices.

josap wrote:

In six months they will be telling him not to run.

I will tell him right now. "Do not run for office. Win or lose you will be ruined, corrupted, and will be unable to separate lies from truth."

picosec wrote:

Has median income increased $10k/year since 2009?

How would that have helped the banks?

josap wrote:

Only one barrel per household here as well, always been that way.

Yeah but, here we get a choice of three barrel sizes, with prices to match.

Mine is the mid-size at $24/mo.

racial wrote:

Sounds like he's ready for the personal responsibility/gold hoarding speech

New Keyboard

O no you di'NT Standard English Media Case Study ©

  1. Pigged Greek Olympic athlete disqualifed over racist tweet, ekathimerini

The decision came despite a statement issued earlier on Wednesday by Papachristou in which she apologizes for a joke she posted on her Twitter account on Monday referring to the West Nile virus and immigrants in Greece....

  1. Voula Papahristou excluded from the Olympic Games after a racist comment, grreporter

Her status on Twitter, which cost her the participation in the Olympic Games in London this summer, reads: "With so many Africans in Greece... At least the West Nile mosquitoes will eat home made food". [SCREEN SHOT] The comment was posted on 22 July, but Olympic supporters spotted it as late as 25 July. It caused serious public reactions and The Hellenic Olympic Committee did not hesitate to take a quick solution for her exclusion.

shill wrote:

My daughter just called me screaming I am like WTF?...My grandson just took his first steps

I swear, you people - shill, enjoy the moment

josap wrote:

Just wants to play, or maybe eat the camara.

He's waiting for a cookie.

Antipodes wrote:

He's waiting for a cookie.

He is actually waiting for an intelligent comment. And he continues to wait.

Elvis wrote:

"Duke calling Orson. Come in Orson."
You seem to be lacking the inner peace these days, Duke. What's the trouble?

Brav-fucking-o!

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