Pigged

Summer jobs hit all-time low for youths - USATODAY.com >

Look at the bright side - the percent of working 65+ year-olds is close to the highest levels in 40 years
/snark off

Turd once again. Sigh...

I read that as "El Blog Daddy" the first time through.

I think I'm going to have to wait for the "Real Estate is dead and buried" cover on Barron's before I buy again.
I'm sure I could always rent out my apartment for a loss with tax's, state and maintenance fees going in only one direction of up.
A van on the beach is starting to look pretty good, since the State tripled the live aboard charges for boats.

"chases the market down"

sounds like wiley coyote and roadrunner. willy never quite catches roadrunner.

"Chasing the market down" sounds a bit like my experience with SRS.

"Waiting for a better market" meet "baby boomers planing to retire on their real estate gains."

Btw Mr. Field mouse was back again today. I believe he took another crunch out of the peach.

Have you named the mouse yet?

Seller expectations and asking price reductions must outpace the market reductions; otherwise, it's no sale.

"Waiting for a better market" meet "baby boomers planing to retire on their real estate gains."

Apropos my point above that " the percent of working 65+ year-olds is close to the highest levels in 40 years"

josap wrote:

Have you named the mouse yet?

it's engraved on the water bowl methinks.

Rob Dawg wrote:

"Waiting for a better market"

That's odd, both the sellers and the buyers are waiting for a better market.

These accidental landlords are also part of the shadow market - I wonder if Geithner is still renting out his house he couldn't sell?

best to all

Why do you guys listen to those assbites? They need money. They whore themselves on MSM and as "consultants," They are full of hot air. Stay away from them. They dirty your clothes and your mind.

Here's the brilliant Lakshman Achuthan in 2009 telling it how it's going to be:

"H.L.: What do you see ahead for the economy from the data on earnings, the deficit, Gross Domestic Product, jobs, personal income, housing, manufacturing, and consumer confidence?

L.A.: Not that any one of those items will improve in lockstep, however, with the recession ending this summer, many of the very negative headlines we’ve seen on these measures will start to abate. In essence, that this is the case is likely what the stock market has been suspicious of these past few months.

Basically what it boils down to is that despite a lot of disbelief, the recession is indeed drawing to a close sometime this summer, and this will begin to become clear as we receive new data on GDP, industrial production, employment, retail sales, and even income."

STAY AWAY FROM THAT TOTAL CRAP. KAPISH? Want your knee caps busted? Leave that media whore to the others.

sdtfs wrote:

That's odd, both the sellers and the buyers are waiting for a better market.

The symmetry is beautiful isn't it - not to go on a math tangent, so I won't but there is a terrible symmetry to this.

skk wrote:

The symmetry is beautiful isn't it - not to go on a math tangent, so I won't but there is a terrible symmetry to this.

Waiting for Godot... or at least game theory

Slumdog wrote:

They dirty your clothes and your mind.

Dude, I'm naked and short so I've got that going for me.

Poic, thanks for posting the MacAskill trials vid the other night. Righteous.

skk wrote:

there is a terrible symmetry to this.

Chart, or it didn't happen.

Live Free of Debt wrote:

Poic, thanks for posting the MacAskill trials vid the other night. Righteous.

No doubt.
That brother has some serious skills...

MrM wrote:

Summer jobs hit all-time low for youths - USATODAY.com >

Look at the bright side - the percent of working 65+ year-olds is close to the highest levels in 40 years
/snark off

For employers, like me, accessing them to consult, is like waiving candy in front of a baby. We want those who know. Who wants a kid who has one hand on their cell phone and earbuds listening to their iPod "working" for them? Not me.

The US is a failed state, effective during the passing of the Baby Boomers. It's obvious. Next?

It puts the price reduction in the MLS else it gets the ho(u)se again!

In fact, let's see that replay HomeGnome.
Yes, let's.
After these words from our commercial sponsor.

YouTube - Inspired Bicycles - Danny MacAskill April 2009 

His take on the state of the economy in the second half of 2009 was spot on.
You may disagree with the ECRI's choice of the dependent variable (GDP), but that variable did go where they told it would go.

skk wrote:

sdtfs wrote:

That's odd, both the sellers and the buyers are waiting for a better market.

The symmetry is beautiful isn't it - not to go on a math tangent, so I won't but there is a terrible symmetry to this.

Is it a parabolic curve? Show a chart if you have one or point the way.

The question is at what price do both the seller and buyer agree to the deal? In a falling market, both don't want a bad deal. In a rising market, it's more a question of how fast is it rising.

MrM wrote:

His take on the state of the economy in the second half of 2009 was spot on.
You may disagree with the ECRI's choice of the dependent variable (GDP), but that variable did go where they told it would go.

the quote is dated Aug 10, 2009.
Lakshman Achuthan: Recession Ends This Summer, Bull Market Ahead -- Seeking Alpha

That's right before summer, right?

MrM wrote:

Summer jobs hit all-time low for youths - USATODAY.com >

The slightly ironic thing: USATODAY is having a major restructuring. Lots o layoffs.

Hey fellow doomers.

I'm happy to be back after a soujourn of life's miseries to hear your wisdom (although the last couple of times I've checked in to read comments some folks were getting pretty testy).

I decided to comment on topic. I drastiscally downsized five years ago thinking that I would move to a lake up north right about now. Boy, was I stupid! I spent the last week "decorating" the home I never expected to live in long enough to "decorate". I have come to the conclusion that this temporay place is most likely my doomstead.

I love that Danny Mckaskill video. Something in me always loves the idea of someone excelling at something they absolutely love; not for money or advancement; just fir the pure love of the endevour. He shot that video with his flat-mate over a 6 month period. The gate railing shot alone took 8 hours until he got it right. He was really living a hand to mouth existence until that video went viral.

On Topic: DC is Denial City.

So why is 12 months of inventory a bad thing? I can understand for someone desperate to sell, but for such a large dollar amount purchase, shouldn't housing be "slow"?

That's right before summer, right?

The economy did grow in Q3 and Q4 of 2009.
Now he is not so sure about the outlook for Q4 of 2010.

JP wrote:

On Topic: DC is Denial City.

They just have a functional reality distortion field...

MrM, there are a full handful of men posting here who see and whose views have proven insightful and worthy of serious consideration.

Math is a game of Liars figure and figures lie. Probabilities are more useful as we're human. We're all hardwired, no exceptions (at least not outside of the loony bins).

Here's a math story. My ex significant other works for a major company. The division was sold. The profit calculation to determine price included my friend's section of the division. The calc's for my friend's section of the division has been dead wrong for at least 2 years. The math worked. But the math was staggeringly wrong. The difference was 100% in terms of gross profit. And that was reviewed by sharp, well educated, skilled biz peeps. They screwed the pooch. This just happened. This is not back then or in the yore.

I trust the charts; I don't trust the math. I don't trust their analysis.

And I canceled the relationship because of a simple matter of trust. I didn't trust their conclusions, long before this glaring error arrived. They couldn't believe that as smart as they were that they could be wrong. Over and over, wrong. I'm now seeking either someone who knows jack or someone who is entitled to trust.

I trust about 10 people in this blog, and that's an amazingly high number of people who I think are competent. Hence, my return to this blog.

poic wrote:

The gate railing shot alone took 8 hours until he got it right

Not to mention the beatdowns I'm sure Danny took.

AlleyCat wrote:

I decided to comment on topic.

Oh, alright. Got a friend who just accepted an offer she hates. She was asking 1.2 M, so I'm guessing it's less than 1 M. I'll find out if/when escrow closes. Was the property worth 1 M? I don't know, but I think it was better than most of the properties that JtR was showing at over a mil.

MrM wrote:

Now he is not so sure about the outlook for Q4 of 2010.

Now he says 50/50 chance on a Double Dip don't think thats Q4 specific though

Slumdog wrote:

I trust about 10 people in this blog

I never make the cut.
Dang it.
Back to gator huntin'

sdtfs wrote:

So why is 12 months of inventory a bad thing? I can understand for someone desperate to sell, but for such a large dollar amount purchase, shouldn't housing be "slow"?

Not so good for people (and their mortgage holders) with little or no equity in their houses.

CRimages: Housing: Months-of-Supply and Prices

Edit: Think of the months-supply as the setting on an equity This Really Sucks!

MrM wrote:

That's right before summer, right?

The economy did grow in Q3 and Q4 of 2009.
Now he is not so sure about the outlook for Q4 of 2010.

Dying people hit by a truck in the crosswalk take short shallow breaths while they're bleeding to death.

I ship quite a lotta stuff, thousands of pkgs a year, and LTLs, FTL's, and LCL's. I continuously check with the peeps engaged in the traffic, out of curiosity. I know things are semi-okay, but what you're not getting is the money reserves, the cushion of terminable people, the access to credit are diminshed dramatically.

LA is contributing nothing except to those who look in the rear view mirror. What he says is worhty of an MSM note and a subscription from an IB covering its ass.

Slumdog wrote:

Is it a parabolic curve? Show a chart if you have one or point the way.

O god, the slumdog is calling me out - when the movie ( Outsourced) ends, I'll post - but I really deeply do not want to create a math tangent.

HomeGnome wrote:

I never make the cut.

Hey, if we need someone to tell us how to hang upside down and breathe water,...you're our goto guy.

HomeGnome wrote:

I never make the cut.

Trust me. Not making this list vaults you way up a bunch of other better lists.

skk wrote:

but I really deeply do not want to create a math tangent.

how about a secant?

I don't quite get the argument. ECRI is all about estimating probabilities of the cycle turning. They call the turns only when the probs are very high. So, look at their charts and draw your own conclusions.
My only problem with the ECRI is that they do not disclose the composition and calculation of their indices (they secret sauce), which makes them too "black box"-y for my taste.

sdtfs wrote:

Hey, if we need someone to tell us how to hang upside down and breathe water,...you're our goto guy.

cruel and funny at the same time.
You should come on out to "rolling practice" and watch me swim next to my boat.
After an hour or two of that, we'll go get some Beer

Slumdog- Most people trash math. There are very mathematicians. If you are a mathematician, there is little chance of getting fooled.

"I trust the charts; I don't trust the math. I don't trust their analysis."

There are plenty of ways to lie with charts. Can you believe on company actually charted both profits and losses on the same axis (both upward) to make the chart reader believe there was a constant increase in profits, even if there were losses among the profitable years?

skk wrote:

Slumdog wrote:

Is it a parabolic curve? Show a chart if you have one or point the way.

O god, the slumdog is calling me out - when the movie ( Outsourced) ends, I'll post - but I really deeply do not want to create a math tangent.

All here recognize you know something above average about math (wink). So, show us the jewels. Enjoy the flick.

I"m pretty sure I"m going to get my ass kicked in the Owl outfit tomorrow.
‘Rock people’ on the move - Local / Metro - TheState.com

See the comments.

sdtfs - Hey, if we need someone to tell us how to hang upside down and breathe water,...you're our goto guy.

HomeGnome, you still practising water boarding yourself?

Kauai_Kahuna wrote:

HomeGnome, you still practising water boarding yourself?

It's hilarious, I agree.
If I wasn't the one sucking river water, it'd be a HOOT!

ResistanceIsFeudal wrote:

how about a secant?

Seek Ant? I missed the Ant Farm thread.

"I decided to do the conservative thing, collect rent on this place and wait a couple of years for the housing market to improve,"

Yeah, pal, buying a crack house for 2/3 of a mil and dumping 150 grand into the AC is conservative.

sdtfs wrote:

Seek Ant? I missed the Ant Farm thread.

It's mostly pheromones... sort of like us... we're only around 34 members online, so you didn't totally miss out on the ant farm Smile

OH OK wrote:

Slumdog- Most people trash math. There are very mathematicians. If you are a mathematician, there is little chance of getting fooled.

The numbers, displayed as chart points on an axis are potentially readable to me. I used to play with numbers alone, and never believed charts would be trustworthy, and then I charted the movement of the S&P in 5 min increments for about 6 years. The charts are sortable; they repeat as theme and variation; they show high probability outcomes when certain, rare to the living human being, but not rare over time, patterns appear. Chart patterns are different in different market settings, the reason for which I have no clue; For the two I'm interested in, DJIA and AU, there are clearly repeating patterns. So, I watch for them.

sdtfs,

Thank you for responding. It's not that I have a mortgage; it's just that no one is buying and I don't want two houses. I should have moved up north five years ago except I had my father to watch over. I'll be fine. I'll just have to visit the snow and there's plenty of water around here. Wink

I bought slumdogs secret decoder ring but the instruction manual said "Only to be used in conjunction with verified French Curve"

So I'm plum out of luck. His website IcanHazParabolicBlowoff.com isn't helping either.

poic wrote:

So I'm plum out of luck.

Don't look so glum, plum chum.

LoserbeachBum wrote:

*If you can start a home garden too...
*

Yes, you are absolutely right. If it's time to "decorate", it's time to start a garden. I had a HUGE garden at my old place. I can't keep an indoor plant alive, but I can't kill an outdoor plant. Love

AlleyCat wrote:

it's just that no one is buying and I don't want two houses

I bid one deeeeeluxe GnomeMade cupcake!
with sprinkles.

greenchutes wrote:

Yeah, pal, buying a crack house for 2/3 of a mil and dumping 150 grand into the AC is conservative.

Good thing they weren't stretching their budget to get this place....

Back in 2004, when Donnelly and his new bride, Roxanne, bought the home, they'd paid $645,000. It was a fixer-upper in a transitional neighborhood. And the finances had been a stretch. But with a child on the way, they had been ecstatic to find a place they could afford.

What could go wrong with a property in a "transitional" neighborhood?

Danny MacAskill - One amazing talent

Gnome check out the down-hill reverse front wheel wheelie at the end Shock Shock

greenchutes wrote:

Yeah, pal, buying a crack house for 2/3 of a mil and dumping 150 grand into the AC is conservative.

Kind of wonder how big his growing family is since they couldn't live in what looks like three stories of converted apartments.

Edit: From the pictures, I'd surmise that the problem was all the stairs.

HomeGnome wrote:

You should come on out to "rolling practice" and watch me swim next to my boat.

How many hours does it take to learn how to roll a kayak?

Most of the people I've taught either get in one hour or they don't.

You first get the T-rescue, so you don't have to wet exit. Then, you observe people who know how to roll. Then, you either get it or you don't.

But in any case, you don't swim next to your boat. I've taught people this rolling technique in still water and white water. It doesn't make any difference. Same technique.

I would not be surprised if there are many job-seekers "chasing the job market", either unwilling or unable to accept lower paying job while holding out hope for one that hits close to their former pay level. Of course, some income > no income, but it often takes people a lot of time to come to that realization.

I wonder what mp meant by "it will become clear in a few weeks"...

GEEZ, they purchased the house in 2004 -- well into bubble territory -- and they still expect at least a quarter-mil gain minimum?? DC is one of those markets showing more "stickiness" but if he waits much longer he'll be lucky to get his purchase price.

poic wrote:

Gnome check out the down-hill reverse front wheel wheelie at the end

Dude, totally Sick
Amazing control.

RockyR wrote:

I wonder what mp meant by "it will become clear in a few weeks"...

Ruh-roh Where did he say that?

Rich, what's the the second time you've smacked someone down for being open about learning a new technique? How about just applaud gnome for coming on to this board and being self deprecating about something he's working on. Puzzled

poic wrote:

self defecating.
Fixed It For Ya

I'm the shit, dude.

Slumdog wrote:

The charts are sortable; they repeat as theme and variation; they show high probability outcomes when certain, rare to the living human being, but not rare over time, patterns appear. Chart patterns are different in different market settings, the reason for which I have no clue; For the two I'm interested in, DJIA and AU, there are clearly repeating patterns. So, I watch for them.

Yes, the debate will live on forever:

The Random Walk and the Efficient Market Hypothesis versus Trend Analysis...

But, beyond that, a good analyst understands the weaknesses of charts, just as he understands the weaknesses of the underlying assumptions that are made. My introductory analysis instructor, who mentored several doctorate students over his 40 years as a professor, made it very clear: hand waiving is not allowed.

Absolutely.
And when the job-seekers finally adjust their income expectations, that will really adjust the aggregate demand
Nytol

In Sacramento, the > $350k houses are chasing the market UP. It seems to me that the low end corrected, while the higher end didn't. My guess is that the banks are holding on to the more expensive homes and letting go the cheaper ones. I can't explain it any other way.

RockyR wrote:

I wonder what mp meant by "it will become clear in a few weeks"...

IMO it's only a question of what cracks first. Never have so many financial/economic sectors been so priced beyond perfection.

HomeGnome wrote:

*I bid one deeeeeluxe GnomeMade cupcake!
with sprinkles.
*

HG, it's so depressing. Not only are the usually packed locally owned restaurants near empty, but there isn't even a line at The Cupcake Bar anymore! Crying

rich wrote:

you don't swim next to your boat.

Quite the authoritarian aren't we?

AlleyCat wrote:

HG, it's so depressing.

What is really, really depressing is that I missed out on the last thread! Crying

As a single woman, Wright has no second income to fall back on if she makes a bad financial decision, such as buying a home that plummets in value.

Huh? Don't you have to qualify for the mortgage based on the current value of the house! Who writes this crap.

AlleyCat wrote:

there isn't even a line at The Cupcake Bar anymore!

that's more for us!
Evil

OH OK wrote:

But, beyond that, a good analyst understands the weaknesses of charts, just as he understands the weaknesses of the

Have to agree. I do a lot of work with control charts, and much less work with fuzzy logic systems (which are more fun because to me they are bright shiny and new). Trends in control charts identified by computers can only at best alert the analyst "hey, look here something interesting happened." In reverse, fuzzy logic systems really only work well when you have human experts telling you what to look for, and how to react. At the end of the day humans remain some of the best analyzing tools out there, and despite all our known flaws (emotion,bias etc.) we still beat the pants off of just about any computer modeling system.

Yes, yes and yes. Nice SFRs in decent parts of second-tier markets like Sacto should move if priced under the $420 line, if they have good value for size.

Banks don't want to write down losses on the high-end. That's the essence of extend-n-pretend, and an absolutely core element to the Japan script.

rich<

Do you roll your yak wearing a pointy red hat?
I think not.

curious wrote:

Huh? Don't you have to qualify for the mortgage based on the current value of the house! Who writes this crap.

Hu writes this crap? Economics is hard

curious wrote:

Wright has no second income to fall back on if she makes a bad financial decision,

Of course there is. Who hasn't heard of Wright Model B? Wright Model B

MrM wrote:

Summer jobs hit all-time low for youths - USATODAY.com

Thanks to CR & HCN I counseled my youngest [going into his second year of college] to not even look for a job this summer but instead to find something he always wanted to do and do it this summer - so he signed up with an elite swim club and worked out all summer - most days two a day including Saturdays [Sundays always off for 'recovery']. He said the very first practice was harder than any he had ever had at his small town club, high school or D3 college. He said the sets routinely blew him up the first half of the summer but by the end he was making the intervals. He was swimming w/ D1 guys training for the summer. A different world.

He said it is something he will never forget.

And when the job-seekers finally adjust their income expectations, that will really adjust the aggregate demand

Which I imagine will be released by the press as an unexpected adjustment in aggregate demand.

dryfly wrote:

He said it is something he will never forget.

It's called life experience and good for your boy, dryfly.

*He said it is something he will never forget. *

That's great to hear!

HomeGnome wrote:

It's called life experience and good for your boy, dryfly.

I'd say that was excellent advice and a totally cool move by dryfly himself.

TJ and The Bear wrote:

I'd say that was excellent advice and a totally cool move by dryfly himself.

I agree.
A job well done, dryfly.

TJ and The Bear wrote:

I'd say that was excellent advice and a totally cool move by dryfly himself.

Different eras calls for different actions. The summer internship or clerk gig may be something to tell the youngin's about in 2040 and have them look at you like you are crazy or senile.

Well... In the real world, I'm seeing a huge uptick in open job opportunities, renewed tightness in the tech labor markets... Hell, people are talking about bonuses again. One firm I spoke with recently was carping on about how far behind they were on their hiring goals.

This Keynesian debt binge is still having some positive influence...

The only time I saw second tier homes at decent prices was at Peak Panic, 2009. We could use a little shake in the tree.

yagij wrote:

*What is really, really depressing is that I missed out on the last thread!
*

You've obviously never been to The Cupcake Bar! Big smile

Are you trying to Snark me? I'm fine with that. I did start out on topic until HG got me thinking about cupcakes...

Love

RockyR wrote:

This Keynesian debt binge is still having some positive influence...

Is it that, or just companies looking for better efficiency (i.e., even lower costs) through better information technology?

yagij wrote:

like you are crazy or senile.

I'm getting an early start on both.
I think.
Sometimes I like to eat my belly button lint

HomeGnome wrote:

It's called life experience and good for your boy, dryfly.

Ya I don't know if you have any exposure to swimming - but one of the sets he said they did fairly often were 10 400's [long course meters]... alternating 400 IM 400 Free 400 IM 400 Free... ten total [five each]... fast... with like a minute recovery between them... and that wasn't the only set that day. Made ME want to puke the way he described it. I told him someday when you are old and frumpy you won't even imagine your body could do that.

RockyR wrote:

Hell, people are talking about bonuses again. One firm I spoke with recently was carping on about how far behind they were on their hiring goals.

We still get pretty nice referral bonuses, and there's talk of retention bonuses. They throw salary at you and you can't leave for two years. Ow! Ow! Twist my arm! The way I look at it, a retention bonus is a nice hedge against getting laid off during that time.

chapel_of_words wrote:

At the end of the day humans remain some of the best analyzing tools out there, and despite all our known flaws (emotion,bias etc.) we still beat the pants off of just about any computer modeling system.

The problem is separating a true analyst from the person who lies with numbers.

Remember the days when a person in "finance" included homeless loan originators?

dryfly wrote:

Made ME want to puke the way he described it

The last time I puked was mountain biking.
I feel his pain.

dryfly wrote:

I told him someday when you are old and frumpy you won't even imagine your body could do that.

Probably true, though I wouldn't be shocked if synthetic HGH was cheap, legal and omnipresent in twenty years.

*Is it that, or just companies looking for better efficiency (i.e., even lower costs) through better information technology? *

Not sure on R's perspective, but in my area what I'm seeing a lot of is SOA style rollouts (tieing multiple legacy DB's together rather than build one big ERP), analytics data mining, and/or cloud computing.All three of those have fairly good ROI's to current costs, and you aren't buying the uncertainities of real people (Congress seems to be more keen on adding uncertainty to hiring labor than investing in technology).

greenchutes wrote:

synthetic HGH

The Original HomeGnomeHormone was the best.
Nothing like the RealDeal.

OH OK wrote:

The problem is separating a true analyst from the person who lies with numbers.

Only when we don't let companies fail. Angry

chapel_of_words wrote:

Congress seems to be more keen on adding uncertainty to hiring labor

What's so uncertain? They want to destroy small business. Why? Hu Knows

HomeGnome wrote:

The Original HomeGnomeHormone was the best.
Nothing like the RealDeal.

HomeGnomewHoremoan?

chapel_of_words wrote:

and much less work with fuzzy logic systems (which are more fun because to me they are bright shiny and new).

fuzzy logic systems create fractals. when you chart the fractals you will find the chaos point. The chaos point will show you when the trend is about to change. At least that is the way it works in physics.

The problem is separating a true analyst from the person who lies with numbers.

A fairer answer may be that in hyper complex system, good analysts can use the data to help you understand what happened. Lying analysts will try and tell you what will happen. I have yet to find any system that reliably predicts the future. When I do, this board will be the 2nd to know after I get a few Wheres MY pony? Wheres MY pony?

dryfly wrote:

HomeGnomewHoremoan?

Gnomie don't play that.

Companies having record profits... Capital investments are being made. Even the houses are selling quickly.

Something isn't adding up. Maybe we ARE about to collapse, but it doesn't seem like it on the street.

dryfly,

That was great advice for your youngest! I grew up on summer outdoor and winter indoors teams. I still love swimming. I advised my college aged fritters to volunteer and my sister with a pool to hold free swimming lessons. Real French Sparkly

OH OK wrote:

But, beyond that, a good analyst understands the weaknesses of charts, just as he understands the weaknesses of the underlying assumptions that are made. My introductory analysis instructor, who mentored several doctorate students over his 40 years as a professor, made it very clear: hand waiving is not allowed.

This "game" is not one of assuming much risk. Trend reversals and trend extensions are recognizable. There's no rule that dictates that all patterns be traded. In fact, it's the opposite. Doing nothing is doing the right thing most of the time.

That foolish kid who's living in his parents Malibu digs and who's day trading is just that, naive and waiting to lose. Markets are not waterfalls of chocolate or sugar in which one bathes. They're rarely predictable, and when they are, there's the minor problem of holding a position irrespective of what it does in the shorter term than the one in which the position is taken.

I've no idea how anything other than what I believe I know in fact operates, and it won't matter. The dog holds a bone. No matter what is offered that's more attractive, no matter if the squirrel comes dashing by, the bone dudn't get dropped. When the numbers, percentages are met, it's goodbye bone. That's all there is to say.

josap wrote:

The chaos point will show you when the trend is about to change. At least that is the way it works in physics.

We're using it in place of a traditional expert system. Discrete sensing data in, fuzzify into aggregated, apply the measurement tactic (center of gravity,meanofmax,meanofmin), defuzzify into discrete control charts that suggest what might be a good course of action. Modified over time by bayes if certain environmental factors become known (from suspected).

chapel_of_words wrote:

Not sure on R's perspective, but in my area what I'm seeing a lot of is SOA style rollouts (tieing multiple legacy DB's together rather than build one big ERP), analytics data mining, and/or cloud computing.

Same here, all with the goal of identifying costs and reducing them.

66F and the windows are open.
Feels so good.

TJ and The Bear wrote:

Same here, all with the goal of identifying costs and reducing them.

Ayup. I hate to say "pays for itself" becuase like any implementation, done poorly you can just burn a bunch of $$$. But all 3 are a version of improving a known resource, with higher fidelity, at lower cost. SOA ties existing DBs, so you already know they work individually. Analytics mines the same data that you used to average and aggregate into macro, but gives you the micro view. Cloud computing,well it's just a different lower cost of server.

"Something isn't adding up. Maybe we ARE about to collapse, but it doesn't seem like it on the street."

I'm in SF and I'm still picking up caution in general.

I'm not hearing of big bonuses or sign on bonuses. Contract/full time it rates are still good but probably 20% below the good times. Might not be the same everywhere though. Tons of tourists around though and the good restaurants appear to be full.

RockyR wrote:

Companies having record profits... Capital investments are being made. Even the houses are selling quickly.

Anecdotal, and not applicable to the broader market.

AlleyCat wrote:

That was great advice for your youngest! I grew up on summer outdoor and winter indoors teams. I still love swimming. I advised my college aged fritters to volunteer and my sister with a pool to hold free swimming lessons.

He was an assistant coach last summer at our small town club - and worked out some himself - but all of it short course & indoors. This summer really stretched him. It was good because one of the things he is thinking about doing is teach high school & coach [swimming, CC & track - he's done it all & played some hockey too]... but the caliber of the coaching & athletes was very high so it was a great experience. He's got more time to think - hope he does his homework this winter.

Dawg, looks like a lot of "wishing prices" in Wrightwood.

TJ and The Bear wrote:

Dawg, looks like a lot of "wishing prices" in Wrightwood.

A lot of realtors with their own listings.

chapel_of_words wrote:

Lying analysts will try and tell you what will happen.

I thought it was the actuaries that know we are going to die?

Slumdog wrote:

Is it a parabolic curve? Show a chart if you have one or point the way.

:frenchcurve: You know that all curves are parabolic to second order, right?

Slumdog wrote:

This "game" is not one of assuming much risk.

I didn't say anything about risk. I mentioned the underlying assumptions.

Slumdog wrote:

waterfalls of chocolate

That describes my past month as a speculator. Well, not chocolate. It just looks like chocolate.

greenchutes wrote:

Well, not chocolate. It just looks like chocolate.

Wrap it in cellophane and sell it - no one will know until they unwrap it - that's how modern markets work dotcha know.

Slumdog wrote:

All here recognize you know something above average about math (wink). So, show us the jewels. Enjoy the flick.

Yup, the movie was great - an evergreen for me(tri-national so that's why it appeals I guess). As regards my jewels - bugger off - I'm not showing them to you - they are priceless - but for a hint of it read Paul Scott's Jewel In the crown trilogy aka the Raj Quartet or the beautifully done BBC series of it ( some Indian Indians do disagree with me ).

To the matter at hand - the first thing I thought of to illustrate( careful choice of word) the terrible symmetry was Dali's painting:
Google Image Result for http://blisstree.com/geneticsandhealth/files/2007/03/dali-galacidalacide.jpg

Look in the bottom left - its awesome and awful symmetry. The second thing I thought was magnetic lines of force as per:

Google Image Result for http://www.tpub.com/neets/book1/chapter1/1-15.gif

Look at the second picture.

I'm certain I know of a fractal version of this imagery. Can't locate it mentally let alone via google - its come to me. It does - as we sat in the Avery Brewery at lunch today with this guy+gf talking pleasantly but he was talking about gambling in an innocent way - I kept saying - you should really look at Edward.. ed.. couldn't remember the name - but as we split and went our different ways it suddenly came to me - Ed THORP !

So this fractal image I'm willingly thinking of will no doubt come to me. whenever it want to.

Skk are you channeling the duke tonight? Smile

poic wrote:

Skk are you channeling the duke tonight?
Shock

Now what have I done ? I didn't name drop ONCE did I ? Oops but f' I'd better stfu now ! Smile

skk wrote:

as we sat in the Avery Brewery at lunch

Might it be that the lunch extended through the early evening as well?

Rob Dawg wrote:

A lot of realtors with their own listings.

Double ouch!

Well, hot usually means "destined to be cold". I remember kicking myself back in '06 that I hadn't gotten a realtor license and flipped houses in hot parts of southern california as a hobby '00-'05. Timing is everything.

Skk not sure if you saw my blurb last night about np-completeness and cook's theorum. You seem interested in theoretical comp. Sci.

Anyways I actually had Professor Cook as my teacher for that course. That course stuck the fork in any idea I had that I would ever be good at anything other than nuts and bolts programming. Puzzled Shock

CalculatedRisk wrote:

These accidental landlords are also part of the shadow market - I wonder if Geithner is still renting out his house he couldn't sell?

best to all

It has been reported that Jamie Diamon is also an accidental landlord. Recently he cut the price of his Chicago place in half.

Slumdog wrote:

Might it be that the lunch extended through the early evening as well?

cheap shot! ( of what though Smile ). The point of the lunch story, since you missed it, is to introduce some excellent texts about odds/gambling by THE MAN - Edward Thorp - to YOU - you should read his book "Beat the Dealer" . But in your rush for a cheap shot you missed it. S'ok.

poic (btw, i love your orange peal head gear) wrote:

*I'm in SF and I'm still picking up caution in general.

I'm not hearing of big bonuses or sign on bonuses. Contract/full time it rates are still good but probably 20% below the good times. Might not be the same everywhere though. Tons of tourists around though and the good restaurants appear to be full.
*

I'm in St. Louis and only know the IT and lawyer market. IT is better, but definitley no bonuses and very talented individuals are out of work. Law is dismal. STL just hired for a new remote federal disablity hearing office here and lots of experienced lawyers and law grads applied for the 35K jobs. The grads = no other opportunities, the experienced = federal retirement after 20 years.

I can't spell anymore. Too much scotch and not enough cupcakes! Nytol

poic wrote:

Anyways I actually had Professor Cook as my teacher for that course.

Yahh I replied to it - Guess you went offline ( or kcoop's content management system is screwed up ).

ldmeier wrote:

Recently he cut the price of his Chicago place in half.

Anything over a few mil that doesn't include substantial land is priced mostly by ego, not any really measurable fundamentals. Most people that could afford those homes still can, however the psychology has changed.

Skk I guess I was offline. That course still gives me nightmares Sick

Yes, but can they afford to experience late '08 again, and the anxiety of considering that their great-great-grandchildren might need to work? No. A few million here, a few million there, it adds up.

ldmeier - Recently he cut the price of his Chicago place in half.

Did he get on the tea party burn down list? That would lower the value quite a bit I would think.

Rents declining and the water keeps going further over their head.

Sinking further below the waves until cash-for-keys looks attractive.

TJ and The Bear wrote:

Most people that could afford those homes still can, however the psychology has changed.

In Chicago I think there are quite a few more homes priced like that than there are people who really can afford them. The 'Gold Coast' isn't really all that golden - it surely isn't the Hamptons or Greenwich.

HomeGnome - 66F and the windows are open.

That would be nice. I can't wait for our cooler nights.
I just finished all the choirs of racking, etc.
Racked the blueberry cyster and had around wine glasses left to measure, and drink. I have had two glasses and had to lay down and chill for a while.
Right now it is sitting at 16% ABV. So much for going out tonight. Smile

dryfly wrote:

In Chicago I think there are quite a few more homes priced like that than there are people who really can afford them.

That certainly applies to SoCal and the SF Bay area.

So I'm watching a "till debt do us part" on CNBC, (I was too lazy to change the channel surfing the web).

Now on a popular mime view, is this fear level, or more towards capitulation? Or do people sit back and feel better because at least they are not as bad as these people on the show becuase they still feel their houses will bail them out?

skk wrote:

Slumdog wrote:

Might it be that the lunch extended through the early evening as well?

cheap shot! ( of what though Smile ). The point of the lunch story, since you missed it, is to introduce some excellent texts about odds/gambling by THE MAN - Edward Thorp - to YOU - you should read his book "Beat the Dealer" . But in your rush for a cheap shot you missed it. S'ok.

My ex had a photographic mind and an IQ of 150, and discussed doing that, 21, for a living after leaving the corporate world. I thought it a bore, and it was a job that ate time like nobody's biz. Instead, I just wanted another dreamer who'd execute my enlightenments as the income exceeds theirs and goes on long after one retires, assuming competent mgt can be secured, an issue I'll address in 1 year. There are the risks of getting booted from the tables, too. I would have been on the side, extending my lunch sort'a the way I imagine you did.

I knew the name was familiar.

KK, what was the cyser recipe? sounds good (and strong). I have some mead that I brewed about 2 years ago that is just mellowing out. Now I just need to get my act together with my homebrew club to come up with a recipe to fill a 50 gallon Buffalo Trace single use barrel with (Russian Imperial Stout?).

skk, keep colorado cold. outta here for the nite. thx for the book reco.

Slumdog wrote:

I knew the name was familiar.

Arghhhhh ! Read the fuckin' book damnit. Now you've driven me to drink. More soberly - good luck to you and your current SO in whatever you guys do - but yup if you post non-math stuff claiming to be math in here and I happen to read it - I'll comment on it.

Kauai_Kahuna wrote:

Now on a popular mime view, is this fear level, or more towards capitulation?

IMHO it's still fear. We won't see capitulation until the (so-called) Double Dip has really taken hold. Since it's already September, I'd say that would be early next year.

skk wrote:

Now you've driven me to drink.

Methinks that wasn't far to go. Wink

UMDan - KK, what was the cyser recipe?

Email message has been sent, I really like the postings on homebrew talk mead section, as well as the recipe section.

Mead Forum - Home Brew Forums

The Authoritarians  (My defn: An authoritarian is someone who is prepared to take any action, no matter how stupid or evil, in someone elses name.)

And an example of this foulness in full flight: (This is pretty old)

Gingrich Suggests Tough Drug Measure - NY Times

Mr. Gingrich, speaking to about 400 people at a money-raising event here for Representative Charlie Norwood, Republican of Georgia, said, "The first time we execute 27 or 30 or 35 people at one time, and they go around Colombia and France and Thailand and Mexico, and they say, 'Hi, would you like to carry some drugs into the U.S.?' the price of carrying drugs will have gone up dramatically."

I bet you could get good pay-per-view on mass executions...

TJ and The Bear wrote:

Methinks that wasn't far to go. Wink

Just tumble outta bed.. Laughing out loud - Nahh I had one in the freezer quickly cooling down 50 minutes ago - I was going to just move it into the fridge, but wtf.. its Bank Holiday w/e.

Jonathan - I bet you could get good pay-per-view on mass executions...

Well, places in Asia already carry the death sentence. They would be hard pressed to catch that many idiots at one time. Smile

Documentary recommendation: "The Business of Being Born"
The Business of Being Born

One small example: When a baby is born, it instantly needs a bunch of tests. You'd think this might be covered in the $33k of costs... but no, the baby now has her own insurance and deductible, which you have not met!!! Still getting bills.

Jonathan wrote:

but no, the baby now has her own insurance and deductible, which you have not met!!! Still getting bills.

Well yah. I mean how else should it accounted for ? (charging and getting paid for it is a separate issue ) - from an accounting perspective - seems ok to me - life( debt) begins at birth no?
Made a note of the doc. of course.

Jonathan wrote:

Documentary recommendation: "The Business of Being Born"
The Business of Being Born

Interesting. I'm reading the review of this documentary in the NYTimes - nothing about the accounting /price aspects in there - it reads more like a passionate argument in favor of home births ( starring Rikki Lake no less ) -

“The Business of Being Born” is a passionate ground-level examination of home childbirth, anchored in a scene in which its executive producer, Ricki Lake, the actress and former talk-show host, gives birth to her second child in a bathtub.

Movie Review -
The Business of Being Born - American Motherhood and the Question of Home Birth - NYTimes.com

That's how I'd present that documentary.

skk wrote:

life( debt) begins at birth no?

You guys keep reminding me why I have a dog instead of a kid.

sdtfs wrote:

That's odd, both the sellers and the buyers are waiting for a better market.

Could not have said it better.

Comrade Kristina - The American Dream...

Evening, you just got off a closing shift?

Nah, I worked day shift today...nine hours worth. This is my Friday night though; I'm off Sunday and Monday. Here is one of my favorites...and I'm sure the boys will like the video vixens...

YouTube - Akon - I Wanna Love You ft. Snoop Dogg

Did I miss something in this piece?

The ONE key piece of data I'd like to have about this property is its monthly rental price but I don't see that #. There might be no clearer indication of the home's value than what it could command as a rental property. It's not asking too much for reporters to do a simple bit of data analysis like that.

You're of course correct skk. The billing stuff is merely my own railing at the Med-Drug-Ins-SickCare-Complex.

My own stupidity aside, it is a fantastic documentary. Really brings it home what we lost by letting No one 17 and under admitteding doctors take over birth. USA only though, most other countries still are mainly midwives, and consequently much cheaper, and better outcomes.

No one 17 and under admitteding doctors.

For Oahu, HI a couple of days ago I mentioned that Realitytrac seems to have greatly jumped a couple of days ago in the pending foreclosures, they had been falling behind. Now the jump has gone from 1,019 to 1,846. Not dogging on that site, I like the fact that they do present the data, and try to keep up.
I just keep wondering what the real reality is. While the pending foreclosures dramatically increased, there was almost no change to default numbers. From 288, to 285.
They now list 1,246 REO's. Yet doing a search on the Oahu MLS for all active, pending, in escrow, and sold in the last twelve months only shows 586 listings.
I think the law is that all REO's must be sold by a realitor, so I'm either thinking there is a 50% shadow inventory, or a lot of pocket listings have happened and kept off the books. In any case, the numbers are numbing, and it just screams that something stinks in the state of paradise.
If these numbers are correct, the number of distressed properties have just jumped up to as high a percentage as the outer islands except for the Big Island.
I need more Got Popcorn?

Jonathan wrote:

You're of course correct skk. The billing stuff is merely my own railing at the Med-Drug-Ins-SickCare-Complex.

Neat. I do understand - Count yourself lucky you didn't have twins ( or triplets/quads )- I worked as an IT consultant for 5 years in the Warner Center Area of the San Fernando valley( LA) for a medical insurance org( the location narrows it down to 3 Smile .Claims for babies was a pain in the arse for the computing systems ( the systems fault, not the babies fault of course) - my personal satisfaction was improving the algos( and pushing it through ) so that twins ( and triplets ) claims didn't get half denied as DUPLICATE - "yes, virginia, claims for different individuals can have the same birth-date and procedure code, and diagnostic code ) - TWINS DUH ?

Too funny for the IT crowd - not so funny I expect for the harried parents - and it was freakin' clear that - as I attempted to push the better algo through - most of the mgmt didn't care. It amazed me.

skk, sorry twin's and triplets, etc are statistical outliers and should be removed from the data set. Wink

Ancient Nubians brewing anti-biotics? I love being humbled like this.

The results stunned Nelson. "The bones of these ancient people were saturated with tetracycline, showing that they had been taking it for a long time," he says. "I'm convinced that they had the science of fermentation under control and were purposely producing the drug."
The first of the modern day tetracyclines was discovered in 1948.

Ancient brew masters tapped antibiotic secrets

Kauai_Kahuna wrote:

skk, sorry twin's and triplets, etc are statistical outliers and should be removed from the data set

Don't forget premies. A coworker's daughter was born wayyyy too early -- under 2 pounds -- and went on to incur costs approaching a million dollars. Luckily both husband & wife had excellent insurance that covered virtually everything.

Regarding competitive swimming upthread - sorry to see endurance/teardown workouts persist. It's impressively hard to do, generates decent performance - else it wouldn't be around - but far from optimum. That's a lot of pain for fair-to-good results.

Pure speculation.
Bought a house he was never going to stay in with the family.
Never was going to invest in the community.
Just looking for the greater fool to cash in.

Now the guy is paying 2 mortgages.
2 sets of taxes.
Yet he does not understand the term "Cut your loses"
How can one feel sorry for this idiot.

Just wait until November when the federal purse strings tighten, and the market in DC starts to crash.

Maybe he ought to rent it by the hour.
Get his cut of crackheads doing tricks.
This stooge is screwed anyways.

Obama to Pitch Making Research Tax Credit Permanent - NY Times

A group of corporations recently told Senate leaders they would accept an end to some of the tax breaks protecting overseas profits in return for other incentives, notably the research credit.

“The R&D tax credit creates high-wage American jobs,” the United States Chamber of Commerce says on its Web site, because at least 70 percent of the tax benefits are attributable to salaries for those doing the research, and only research done in the United States is eligible.

This sounds shockingly sensible... What's the catch?

skk wrote:

Interesting. I'm reading the review of this documentary in the NYTimes - nothing about the accounting /price aspects in there - it reads more like a passionate argument in favor of home births ( starring Rikki Lake no less ) -

It's my understanding that the smartest/best way to arrange childbirth is to contact and offer to pay cash to the hospital beforehand. Can find a hospital that'll let you do underwater birth or whatever. Apparently you can get the whole thing done for a flat fee of 6-7k. Sounds pretty good.

alkaloids wrote:

This sounds shockingly sensible.

A group of corporations recently told Senate leaders they would accept an end to some of the tax breaks protecting overseas profits in return for other incentives, notably the research credit.

---This is a little backward don't you think?

HomeGnome wrote:

---This is a little backward don't you think?

Heh. No kidding.

gomer wrote:

Just wait until November when the federal purse strings tighten

I wouldn't hold my breath.
Team Red and Team Blue of the Dumbass League are good at spending our money.

It is absolutely gorgeous here in scenic South Carolina this morning.
59F and sunny.
Lets take a coffee break

Chasing illiquidity isn't what it used to be...

Juvenal Delinquent wrote:

Chasing illiquidity isn't what it used to be...

maybe they can kabul something together...

I knew we should have gotten the optional no-fault insurance waiver for an extra $20 a day on our rental Karzai, but who ever thinks that you are going to get in an head-on collision?

Juvenal Delinquent wrote:

but who ever thinks that you are going to get in an head-on collision?

You're numero UNO, Cal.
It's not in the pipeline.

Just wait until November when the federal purse strings tighten, and the market in DC starts to crash. Hopium

I've been sitting, patiently renting, in this market for 6 years waiting for just this not-seen-in-our-life-time phenomenon.

Federal salaries are one stimulus that aren't ever going lower. When you inject OPM into the economy it always flows through banksters or federal employees or both. A Tool for Elizabeth Warren

I told you about derivative fields,
You know the place where nothing is real
Well here's another place you can go
Where excrement flows.
Looking through their loan-backed tulips
To see how the other half lives
Looking through a glass onion.

I told you about Wall*Street and the G-men
You know that they're as close as can be-man.
Well here's another clue for you all,
The losses were appalling
Standing with the cast of Jersey Shore-yeah,
Lady Ga Ga trying to make ends meet-yeah.
Looking through a glass onion.
Oh yeah, oh yeah, oh yeah.
Looking through a glass onion.

I told you about the fools on the hill,
I tell you man they're living there still.
Well here's another place you can be,
Listen to me.

Fixing a hole in the ocean
Trying to make a political point-yeah
Looking through a glass onion

YouTube - The Beatles Glass Onion (2009 Stereo Remaster)

CalculatedRisk wrote:

These accidental landlords are also part of the shadow market - I wonder if Geithner is still renting out his house he couldn't sell?

Well, according to Zillow, the house was last sold on December 14, 2004, which is the date of the last deed recorded in Westchester County, NY property records. Geithner still owns it; so if he isn't renting the house, he is really taking it on the chin.

Geithner purchased the house from Goldman Sachs Vice President Michael Millette for $1,601,700 on December 14, 2004 and, apparently, took out a $250,000 equity line of credit on the same day he purchased the house. The current Zillow Zestimate is $1,173,500.

Geithner needs to be more careful when dealing with those Goldman guys!

32 Maple Hill Dr, Larchmont, NY 10538 - Zillow
Westchester Records Online - Login
Someone's No One's Lying About the Price of Tim Geithner's House

but far from optimum.

So says the current research. You risk conditions like chronic fatigue. Also, try to find a pro squash player over 55 with workable knees and hips. They made the matches shorter in several steps starting in the late 80's, but until then the training was 'as many 400's at top speed as you could do, with the shortest intervals, as often as you could'...

Swimmers and bikers don't get hit with the impact, but can still overtrain.

HomeGnome wrote:

Team Red and Team Blue of the Dumbass League are good at spending our money.

Good Morning. I just read an article about how one of the political parties might need to redirect some of their millions in campaign funds towards candidates who might have a hope of winning their particular district this upcoming election. The party that this involved is unimportant, as this practice is commonplace. The billions of dollars spent on our elections from top to bottom illustrate the importance of the outcome of the races. Most of this money hasn't been "donated" for reasons of "common good", but given specifically for a payback that will reach ten, a hundredfold, a thousandfold, or more dollars of return. Because of the liberal (read: overly allowable) interpretation of what constitutes a campaign contribution and 'who/what' can give it, these local and national races end up being 'horse shows' with most of the attention directed towards the competitors' lack of form, marginal breed-lines, and 'mental health challenges', with or without revisionist history practices. This demonstration will not change nor get better - I'd bet on "the under". After spending the day with my physically emancipated (highly intelligent, idealistic, immensely artistic 19-year old butt-sitter) son, knowing today's 20-year old is yesterdays 12-year old, today's 'educated' collegiate is yesterday's eighth grader, things will undoubtedly continue to degrade. The only people I find that disagree are the 20-year olds, the people who can't distinguish the working end of a yard rake, and the certifiably insane. The lack of substance in their arguments and the use of 6-second TV/motion picture sound byte quotes as justification and answers for everything is deadening. When a young individual can recite page after page of dialog for some particular motion picture he/she has seen umpteen times, but not figure out what the percentage of 5/8ths is or count change from a dollar purchase, we're in BIG trouble.

At this point of the game, is our politics any different than the Soviet system, where in theory people voted, but the results were preordained?

1 currency now -yogi wrote:

Also, try to find a pro squash player over 55 with workable knees and hips. They made the matches shorter in several steps starting in the late 80's, but until then the training was 'as many 400's at top speed as you could do, with the shortest intervals, as often as you could'...
Swimmers and bikers don't get hit with the impact, but can still overtrain.

The greatest of all time in earnings:
Greatest of All Time by Peter Struck - Roundtable | Lapham’s Quarterly

Black Star Ranch wrote:

I just read an article about how one of the political parties might need to redirect some of their millions in campaign funds towards candidates who might have a hope of winning their particular district this upcoming election.

I saw something like that:

DEMOCRATS PLAN POLITICAL TRIAGE TO RETAIN HOUSE - Inside Bay Area

I see I missed some more market charting lessons overnight. Bummer that.

black star, you are a delight, i too live in vegas , but i date hookers, having been trained in olangapo, who. believe it or not, instruct me how dumb i am about soup kitchens and such constructs. if i thought of a way to make money on that ranch i would buy it, would not take many claymores to defend.

BSR,

Youth must be served, and I suggest in a nice plum sauce.

Hey gnome,
Not sure where in SC you are but we stumbled across a pretty nice place to eat while on vacation near Charleston.

Fat Hen - Johns Island, SC

If you are ever over that way you might want to check it out.

Now those is some comments at that site.

#

A better comparison would be to look at his total winnings as a percent of GDP. The highest estimate for the Roman Empire I could find was 20.8 bn sesterces, putting his total winnings as 0.0017% of GDP. Tiger's on the other hand is only 0.00012% of the US GDP. 14.5 times smaller. Back in the day, wheat would have been a far higher percent of someone's income then today - economies generally grow (a lot over millennia) - so using a direct wheat/precious metals comparison isn't a fair reflection the guy's (immense) wealth

Posted by Oli on Sun 15 Aug 2010

alkaloids quoted:

A group of corporations recently told Senate leaders they would accept an end to some of the tax breaks protecting overseas profits in return for other incentives, notably the research credit.
“The R&D tax credit creates high-wage American jobs,” the United States Chamber of Commerce says on its Web site, because at least 70 percent of the tax benefits are attributable to salaries for those doing the research, and only research done in the United States is eligible.

This sounds shockingly sensible... What's the catch?

There is another, perhaps much larger, group of corporations that still want every tax break they can get, including those tax breaks protecting overseas profits.

HomeGnome wrote:

Team Red and Team Blue of the Dumbass League are good at spending our money.

Just think of all the Tea Party lobbyists swooping into town to get big pieces of those spending cutbacks that might be made to programs for the poor, plus all the lobbyists pouring in to protect them. Real estate slump? No way! Real estate boom is more likely. Professional parasites of all persuasions won't blow a chance like that. They'll be hitting town in droves.

Juvenal Delinquent wrote:

At this point of the game, is our politics any different than the Soviet system, where in theory people voted, but the results were preordained?

After January 2011, the party who controls each individual state government is going to control that state's reapportionment process, based on the results of the 2010 census. Unless people are willing to pitch in and do the dirty work of campaigning for more competitive districts, more and more voters are going to be sentenced to life terms in districts gerrymandered to be safe for one party or the other.

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