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It was good to see that my very good friend Mel posted his quarterly comment yesterday, lol.
McSoyu tearreeakee 1/2 pounder?
maybe more like a 1/8 pounder that lasts for maybe 20 years? all part of our durable goods manufacturing
Comrade Troyski wrote:
Income Gini Ratio for Households by Race of Householder, All Races (GINIALLRH) - FRED - St. Louis Fed
QE is making our elites wealthier, but I was talking about our external debt
Speaking of Japan, their elites make their money by exporting and they don't mind crashing the yen and screwing their own people to do so. Spoke to a neighbor who spent the winter in Hawaii. He said the Japanese were major, major buyers of Hawaii's real estate recently. This sounds "rational". Sell yen to buy dollars to buy Hawaiian real estate and drop the yen. Incidentally, the Japanese still own most of the real estate they bought overseas in the 1990's
I found it odd that restaurant sales were up last month, but McDonalds sales were down. But then again, McDonalds is already going about fixing this problem with their 3 brand new, less expensive and less meaty burgers
Rob Dawg wrote:
This is in part due to the lowered regional Jumbo thresholds. The thresholds are not as responsive as prices so in a rising market the loan limit won't rise as fast as prices.
Don't you worry your healthy heart sick because the new "conventional loans" are picking up momentum
I found it completely ludicrous that this country is bankrupt and has been printing money at ever increasing amounts for the last 4.5 years with the rate now at over 1 trillion a year and yesterday, the media was talking about the federal budget deficit going down this year when it was all about projection
From the May 15, 2013 Dr Housing Bubble blog:
Last month sales reached a five year high for April but guess what? So did the use of jumbo loans. Jumbo loans accounted for 26 percent of originated loans, the highest since September of 2007. Another 33 percent of purchases were made by all cash buyers. FHA insured loans still accounted for 21 percent of mortgages and this will be an interesting figure to watch as FHA insured loans become incredibly expensive in June. Little by little certain areas of SoCal are being gentrified as those unable to buy are pushed further inland or are forced to move out of state (or rent which isn’t such a bad deal).
Conventional loans backs by the full faith and credit of the US govt and its taxpayers with no reprisals for bad loans. If dubious, go back to Bernanke's speeches from 6 months ago. It's all fake
Trillions out of thin air and no gatekeeper to stop it
W/o QE and w/o govt backed home mortgages, the whole system would immediately collapse
Which is why we have QE and govt. backed, so not to worry.
Big Daddy has it all under control.
Big Daddy has an incestuous relationship with you, but maybe you like it like that
From last Saturdays's article on mortgage deliquencies, it appears that FHA is the new subprime what with a 135% increase in deliquencies in the last 6 years with the rate accelerating recently. This makes sense since those with this mortgage are highly leveraged for the most part with 3% down with little room for margin of error if something bad happens to them, like a serious medical problem, a large increase in homeowners insurance, plus the daily assault on their living standards as the prices for everyday things go up while their salaries are flat. W/o QE and w/o govt backed home mortgages, the whole system would immediately collapse
From the earlier article on Labor Participation Rates, Julie Hotchkiss at the Atlanta fed and also the Chicago fed stated:
"over the 2008-2011 period...only one-quarter of the...decline of actual LFPR...can be attributed to demographic factors.
This conclusion—that three-quarters of the decline in the LFPR since the beginning of the Great Recession can be attributed to cyclical factors—is supported by other research."
So the fed agree with me, lol, but then again they say there is no inflation, which is a complete joke
Professors and doctors should accommodate students and patients respectively, not the reverse. Both services are completely out of control and have gone hyperinflationary
so you believe the government/ taxpayers should back private loans. Noted
Allow student loans to be discharged during bankruptcy
Either have no govt backed student loans or bill the colleges and universities for the discharge. That ought to lower tuition over the long haul.
They do it because they love us
It's unconditional and you know it
Especially when it's TEH EMTEE!
They do care if it's not there, but then they're on a mission of mercy
More accidents = more ER and doctor visits, plus pharma sales. High-status, high-wage jobs jobs jobs and boosts that geedeepee!
Don't you worry your big heart sick. Obama cares and those good doctors and their drugs will make you and your wallet not feel a thing!
"Something is gonna blow up, and it's gonna be huge "
That's why I recommend while out and about in public. Otherwise it could get embarrassing.
Make damn sure that you have the decency to allow the Mrs and her parents to walk in front of you
In my shopping perusal today, I saw a pizza oven like the one I bought 3 years ago. The price is up 20% and the size is smaller, too small for the oven mittens and easy to burn yourself if you rotate the pizza during the bake.
Glad that's catching on again...
And the hits keep coming. Just got back from the mailbox. Got another unrequested application for a credit card, this time from Merrick Bank, no annual fee, up to $1,250 credit line to start, and just respond online. It's so easy again.
Went shopping again today, and everybody was chipper and buying. We're all refinanced now and got money to spend.
We're back baby!
Flash Crash tonite?
YouTube - R.I.P. Donna Summer - Last Dance - (1948-2012)
Bruce in Tennessee wrote:
Had his anus sewed shut.
Nope, he talks out of his ass
Kyle Bass today at the Sohn Conference: Japan is a Ponzi on top of a Ponzi just like us. Commodites going down as world slows. Australian dollar going down
KYLE BASS: 'You Have To Be Sh---ing Me' - Business Insider
I like them because they are very emotional and very much like dogs, very needy and appreciative
I used to play fetch with one of them when he was younger. I could throw a small ball and he would run to pick it up, bring it back
probably has some Siamese genes
Antibiotics could cure 40% of chronic back pain patients | Society | guardian.co.uk
That I can believe....lots of undiagnosed discospondilitis
Freud preferred dogs to every other species. He said humans have both love/hate relationships, cats will look down on you, pigs will stare you eye to eye, but dogs will look up to you and give unconditional love
State spending did not go down, but rather the rate of increase in spending went down. Since the rate of spending on state pensions has been going up, it meant that spending on currently employed state employees had to go down with consequent loss of jobs. California led the nation in federal govt bailout money last year and California, just like the rest of the states and our federal govt, is spending more than they make and so are the residents of every state in the union
article by Mark Hanson on Vegas and national real estate, cars sales, personal income, and consumption unless you want to believe in fairy tales
5-6 The Great Housing “Trade” Part 2. Featuring the “Vegas” Debacle
Fed Survey: Banks eased lending standards, "experienced stronger demand"
Well, And with the new conventional loan program, it's so easy. If the loan fails, it just quietly goes away as Ben prints and buys the crap, no more red faced Hank trying to explain it, no more reprimands, no chastisements, no transparency, just a don't ask, don't tell program......so smooth and easy going down.
volker the viking wrote:
you seem to be focused on the negative
Just keep watching the major news networks on Tee Vee for you daily dose of your very own version of reality. What you see is what you will get in spades. I bet you like all those former full time jobs with benefits that have been split in two to double the jobs and reduce umployment
Dr Housing Bubble is reporting that pre-foreclosure housing activity has jumped 200,000 in the 1st quarter of 2013 compared to that in 2012. This represents a 50% increase:
The current status of foreclosure activity: Pre-foreclosures up 200,000+ from one year ago and examining inflation in regards to housing prices. » Dr. Housing Bubble Blog
Was out shopping yesterday. Shoppers were everywhere and buying just like the old days. Read an ad in Sunday's fish wrap that if you have an old, underwater car loan, don't worry because banks are ready and willing to refi ya and put you in a new loan as low as 2.35%. And just like those that refi their underwater house loans, this will give you more make believe money each month that you really don't have, to spend on consumption each month. Since these crap loans are sold to the govt, we can just kick the can down the road and put it on our children's and grandchildren's tax bills. Our future looks really bright, like a polished and shiny turd......world country. And Illinois got another bonus with our very own Homeowners Bill of Rights that will help prevent those nasty banks from repossessing houses for the squatters that are not paying our mortgages. This ought to help boost the prices on our homes.
With ABC's Diane Sawyer and David Muir reporting this week on all the goods stamped with the made in USA label being sold in Mexico to eager consumers, it's time to sift thru this toxic waste bullshit:
Foreign Trade - U.S. Trade with Mexico
And the article below by Robert E. Scott is from a year and a half ago and shows that since NAFTA was implemented, we have lost 700,000 jobs net, net to Mexico. 'Jobs are a key issue in the current debate. Proponents of the three FTAs on the table have claimed that they will create tens or hundreds of thousands of U.S. export jobs. Counting export jobs while ignoring imports is like trying to run a business while ignoring expenses—it’s a sure-fire recipe for bankruptcy.'
Trade deficit with Mexico has resulted in 682,900 U.S. jobs lost or displaced | Economic Policy Institute
Here's another article this year by Robert E. Scott reporting on the bullshit, bald- faced lies of the globalist banksters and presstitutes:
U.S. trade deficit declined in 2012, but goods trade deficits with China, and in non-petroleum products, rose sharply | Economic Policy Institute
And after a brief respite, it's probably time to go back to our regular programing.
Comrade Kristina wrote:
Or even a little faith in humanity.
Yes, just a little, and I bet that old vet found it today also when he saw you crying so hard over a stray cat.
It's rare to find compassion nowadays
This is true, and maybe this act of compassion can give you just a little closure during this time of great loss.
An old man that did it for free because he was a stray. So sad.
CK, as much as you may think otherwise at times, these old codgers can have a heart of gold
Work was fairly busy again today but some of the traffic was actually people coming to pay their condolences to Tuxxy. Strange, a cat could bring together such a diverse community of people to mourn him. Salut Tuxxy.
And these are same people that get on your nerves and you have learned to hate for their various views on life. It's ironic that people can be so charitable and loving in your time of need. Cognitive dissonance works like that
Yes, I'm very sensitive. I'm also very tough which is an odd combination. I can be falling apart on the inside and yet be able to perform under fire. I fall apart outside later, like now.
CK, I'm glad you told your story about your mother again. It was good for you and also for everyone on this blog
Bad things happen to everyone in life CK and you, even tho you deny it, are a sensitive person just like your parents. Our dog recently died of cancer and the whole family is heartbroken. Even all the kids flew in from various distant cities to say their last goodbyes, a real tear jerker.
'Of course, even though the participation rate is increasing for older age groups, there are more people moving into those groups so the overall participation rate falls'
Ha,ha,ha, and then all of a sudden out of nowhere, with no precipitating event like a Great Recession, the VOLUME of these old timers retiring picks up during this very specific 2008-2009 time frame with NO change in the slope for their rate of participation, but with a stairstep down and a slope reversal for the composite of all age groups........just pure coincidence, just solely a huge number of them reached 62 and VOLUNTARILY retired at this very specific point in time with no loss of jobs for the younger age groups. Yes, it's the old people retiring! Yea, let's blame the decrease in labor participation on all those old codgers retiring in luxury. LMAO!
Working 2nd shift again today Outsider? Do you get paid for overtime and do you really have a family?
GOLD BOND Medicated Foot Powder MAXIMUM STRENGTH 4 OZ BITCHEZ!
for the shoeless
I'll be making two more pizzas for dinner tonight.