Blackhalo wrote:

Must be the 'new' normal.

We won't get to new normal for several years. Lots of unlisted REOs to work through. Lots of new REOs to work through. My guess is about 5 more years.

What danger lurks in the heart of housing? The Shadow grows.

josap wrote:

He has been in business for over 10 yrs.

No being out of business I see that a small business cycle lasting generally about ten years. I would work it and sell when profitable and move on.

Lobbyist Ben Dover wrote:

I would work it and sell when profitable and move on.

That was his plan a couple of years ago. He has built and sold a few.

Bernanke Gains Backers as Reid Sets Procedural Vote (Update1) - Bloomberg.com

Republicans were split 13-13 on a second term for Bernanke, while Democrats favored the Fed chief by a 35-6 margin

I hate the whole 2 party charade, but the Democrats are really sticking their necks out for Bernanke, a Bush appointee.

Blackhalo wrote:

It is a huge gift to the (R) in November as they can now run on an anti-banker platform, without actually being anti-banker.

I think they will all run on that meme.

And the MSM will conveniently forget who pushed hard for deregulation of the banks. St. Ronnie won't get brought up nor will Phil Gramm and his whore wife.

From last thread, OT but too important

I have to assume that what the Court decides is good law

You mean what Anthony Kennedy decides. The current ideological divide is quite remarkable (in a train-wreck sort of a way), with Kennedy almost always the swing vote. Unfortunately, Justice Stevens is 90 and there's no shot in hell that anyone of his political bent gets even an iota of consideration.

Comrade K,please stop denigrating whores.

Blackhalo wrote:

It is a huge gift to the (R) in November as they can now run on an anti-banker platform, without actually being anti-banker.

LoL! It would work, if they were smart. But the people who run the Republican party are incapable of campaigning against a banking oligopoly. And, as you point out, it doesn't matter anyway. What we need is not more Republicans, or more Democrats, but more independent and tough representatives who are ready to take down a couple of big banks and the bankers who run them, for a start.

> Last year, 47 percent of U.S. homebuyers were first-timers. In Columbus [Ohio], the figure was even higher: 51 percent of homes were sold to people who had never owned one, according to a study commissioned by the Ohio Association of Realtors.

By comparison, in 2003 -- the last year for which such a study was done -- 38 percent of homebuyers were first-timers.

The disproportionate number of first-time buyers helped keep sales prices down. The average price of a home sold in central Ohio last year was $159,840. That was the lowest figure since 2002 and well below the peak of $179,046 in 2006.

Area home sales rise as U.S. deals plunge | The Columbus Dispatch

adornosghost wrote:

And then return to a "Business as Usual" growth paradigm-unlimited growth in a finite system?

No, I don't see a return to "Usual".
Main street remembers, at least for a couple of generations.

The earliest baby boomers turn 64. A whole new category of inventory is about hit the market.

'...this optimism is premature.' The 'housing overhang' is impediment to recovery.
A SECOND U.S. REAL ESTATE "BUBBLE" A POSSIBILITY IN 2010 SAYS AMHERST SECURITIES GROUP LP - Vox

Medicare crashing and burning should be a spectacular show Dawg...I can hardly wait.

the democrats are a bunch of stupid boot licking b tards for voting for tarp, fall of 08 and not letting this giant meteoritic casino banking turd leave a big deep heaping smoldering stinking hole in the earth on the repubs watch

now the dems will pay in full for whoring for the banks

when they should have paid only in half

CCTV in the sky: police plan to use military-style spy drones |
UK news |
The Guardian

Ahhahaha adornosghost. I was told by a coworker to never let anyone know that I was not a Christian at my job. Of course I have, just to twist their little panties in a bunch. One was babbling about what someone's "Christian" name was the other day. I asked what that meant. She was flummoxed.

Doubtful. Thanks to the 2nd Boston Tea Party, the death panels in ObamaCare have now been defeated.

I'd much rather spend the night at a strip club than spend it with a Congress member.

Less likely to catch something nasty from the stripper.

josap

be careful

dont mis quote me....the NSA is watching and i would never say that

the quote you attached to me was made by a tea party candidate for senate in indianna

"I'm cleaning my guns and getting ready for the big show. And I'm serious about that, and I bet you are, too.", Richard Beheny, announced candidate for US senate

Comrade Kristina wrote:

Ahhahaha adornosghost. I was told by a coworker to never let anyone know that I was not a Christian at my job.

That was in the town of Fairfax: the town motto is: "Mayberry on Acid"

Comrade Kristina wrote:

St. Ronnie won't get brought up nor will Phil Gramm and his whore wife.

You are right. The problem is that not enough people can see that one political party has the good people and the truths, and the other does not. On most economic and financial issues, the same party is right, and the other is wrong. What each of us needs to do is become more loyal to that party, and quit making up our own minds, and quite disagreeing about equally with both parties.

Not much to agree or disagree with regarding the Republicans. I mean, obstructionism isn't exactly a platform. These "people" have practically no ideas, beyond those that will get them re-elected so that they can give them and their ilk a tax cut.

Uhm...you missed the point once again...WHORES...all of them,.

Price stabilization is temporary because of a huge shadow inventory of 7 million units (and counting).
Shadow Inventory Report Amherst 9-23-09

Rob Dawg wrote:

The earliest baby boomers turn 64. A whole new category of inventory is about hit the market.

I've been looking at the retirement stats. In 2012, SS retirements were expected to start really ramping up. But in 2009 they nearly hit the level originally projected for 2012. The beginning of the baby boomer retirement wave has already begun. It will become ever more interesting over the next 10 years. A whole new dynamic we haven't seen for the last 50 years, or ever, really.

Removing whores from the gene pool is a lot like removing greed from bankers ... good luck with that!

They weren't late, Bill Clinton was "right on time"...I can think of maybe a handful of either party that isn't corrupt down to their core.

In case anyone is interested, near Flagstaff where my brother lives they had 4 feet of snow dumped in one day (I think that's what he said) and are expecting another 8" tomorrow.

This in a state already so stretched they had to sell their capital building, among others.

I imagine the plowing costs are going to be very difficult for their budget.

In our locale, in order to meet budget, one of the considerations is to cut out all high school busing service, among other things. They are really struggling under a budget cap.

I'd love a thread that summarizes some of the current state economic conditions.

GDD9000 wrote:

Reverend, if you're short tomorrow, you've got balls like church bells. Come to think of it, if you're in and at, youve got a pair.

I got lucky and got into EEV, SKF, SRS, etc when the DOW was about 10,600, just into the big crash last week, so I have a bit of a buffer before I really feel the squeeze. For now it's the most market excitement I've had since last March.

Jonathan wrote:

Note to kcoop, any chance of having the red hat tip work in the preview?

The red hat has worked for me in the preview before. Not sure about now.

mock turtle wrote:

Indiana Senatorial Candidate--"I'm cleaning my guns and getting ready for the big show. And I'm serious about that, and I bet you are, too."

Hmm.

Sounds like something called "The Mad Max Scenario."

Well there is no across-the-board 'normal' anymore in real estate....those days in America are in all likelihood pretty much gone ( yes there will be good pockets still ).

1950's to 2005 - increasing prosperity for Americans and since the 1980's driven mostly by asset appreciation ( mostly real estate )
2005 to ? - decreasing prosperity for more and more Americans driven mostly asset devaluation and real incomes going down

Comrade Kristina wrote:

And the MSM will conveniently forget who pushed hard for deregulation of the banks. St. Ronnie won't get brought up nor will Phil Gramm and his whore wife.

We're all just tools anyway, being worked to give TPTB the illusion of popular buy-in.

josap wrote:

May as well retire, if you can afford to.

Can we expect worker shortage?

This Amherst report is several months old...but it states that one out of every five families has an unemployed breadearner.
Top five cities with 'shadow inventory': Las Vegas, San Diego, LA, San Francisco, and Phoenix.

mock turtle wrote:
Richard Behney, an Indiana Tea Party activist:

. And if we don't see new faces, I'm cleaning my guns and getting ready for the big show. And I'm serious about that, and I bet you are, too.

ANOTHER DAMN POLITICIAN! Promises that they'll never keep.

Comrade Kristina wrote:

I love assholes like this. Never been anywhere dangerous in their sorry, silver spoon lives.

Unfortunately, there are a lot of them out there and, the more there are, the more likely it is something profoundly stupid will happen.

Anyway, how was your day?

REBear wrote:

Can we expect worker shortage?

Sure. As soon as we find 10,000,000 + new jobs. And 401ks look hefty enough. And companies start paying dividends. And pension funds stop going belly up.

mhdoc wrote:

I am one of those. I looked at the numbers and concluded there was no reasonable expectation of living long enough to catch up for getting 25% less three years sooner.

Can you elaborate? Seems like you'd be behind the curve in only 12 years.

Agreed mp. I think you can tell how my day was Seriously though, I just hate that bullshit bravado from one balled losers. I doubt they could even pull the trigger if it came down to it.

Jackrabbit wrote:

And now we have Bernanke making calls to lobby for votes.

That's not very independant...of him. Of course him hamfisting AIG payouts is not either...

patientrenter wrote:

Comrade Kristina wrote:
St. Ronnie won't get brought up nor will Phil Gramm and his whore wife.

But, but--
The FBI, alleging a plot to wiretap Democratic Sen. Mary Landrieu's office in downtown New Orleans, arrested four people Monday, including James O'Keefe, a conservative filmmaker whose undercover videos at ACORN field offices severely damaged the advocacy group's credibility.

Jackrabbit wrote:

More trouble for Bernanke:
Issa and Bunning claim to have documents tying Bernanke to AIG decisions.
And now we have Bernanke making calls to lobby for votes.
Vote is scheduled for Thursday.

Well Cheney's involvement with Enron sure ruined his life.....We'll see how ol' Heli fares.

mhdoc wrote:

I am one of those.

I wish I could sell my SS to JG Wentworth for a lump sum.

Dryfly left everyone a note in the last thread. I'll wait and see if he reposts it here, but he found jobs for anyone looking. Just requires a short relocation...to North Dakota.

broward wrote:

I wish I could sell my SS to JG Wentworth for a lump sum.

Kind of like the passbooks of the 30's?

adornosghost wrote:

The FBI, alleging a plot to wiretap Democratic Sen. Mary Landrieu's office in downtown New Orleans, arrested four people Monday, including James O'Keefe, a conservative filmmaker . . . .

I don't suppose G. Gordon Liddy was one of the other people arrested, was he?

In case it's not posted already: Bernanke cloture vote on Thursday.
- NY Times

josap wrote:

mhdoc wrote:
I have the feeling there are lots of people busy starting their empires invisibly in the grass roots of the economy.
That would be a very good thing.

That is most definitely what my household is doing. So far, so good.

Comrade Kristina wrote:

I 'd rather slash my wrists with a spork.

I'm spork centric, being a backpacker and all—
We need sporks when we will all soon be on the road-

broward wrote:

I wish I could sell my SS to JG Wentworth for a lump sum.

Be very carefull what you wish for.

Blackhalo wrote:

Can you elaborate? Seems like you'd be behind the curve in only 12 years.

In 12 years I would be 75. I would be astonished if I am still around.

I spend my time building small websites on timeless subjects. Over time I expect they will gradually make the SS income irrelevant.

Two things concerning today's CBO report, then I must go:

First, CBO expects unemployment to return to 5%, the so-called "natural rate", in 2016 (I'll probably be dead by then, so let me know how that turned out);

Secondly, CBO expects the growth rate to pick up during 2011 due to a pick-up in commercial and residential investment. Now, that would be interesting.

What sayeth CR on the second point?

dryfly wrote:

I think there are a lot of companies out there asking the same question - what where those people doing before?
High unemployment is going to be with us for a LONG time. A VERY LONG time.

In my happy oblivious world of academia, no one can get their heads around this concept. They still claim that is only for the 'corporate' world. But guess what....people who don't have their heads up their asses are leaving for more vital jobs and not being replaced. The end result is the same. Steady workload, less people. And these ivory tower morons have the nerve to say good riddance to the people who think freely enough to get through this downturn.

Even in the lala land of a university library, the right-sizing is coming, and it's going to Katrina these educated dumbasses.

I guess I'd have to vote for Jerry then mock

Check out the video I posted. The guy is really great.

More, less abled, older dependents per younger, active, person is an automatic force for labor shortage. Unless we decide to implement immigration 'reform'.

Emigration reform would be a more efficient solution than immigration reform.

Just take all their money and then dump the old baby boomers in Tijuana.

Kind of like a "Logan's Run" remake.

Joanna wrote:

In my happy oblivious world of academia, no one can get their heads around this concept.

The term "financial exigency" will be relearned in academia shortly.

Are you reading ZeroHedge?

Some FED whisle blower email is in Darrell Issa's posession. Intersting !!!

Joanna wrote:

and it's going to Katrina these educated dumbasses.

We're all going to write stuff for everyone else to read. It's foolproof I tells ya. You add in the good news from Italy and Greece and it's party time.

Joanna wrote:

Even in the lala land of a university library, the right-sizing is coming, and it's going to Katrina these educated dumbasses.

I imagine it is the same in state government jobs. But if even one of them goes into default. The interest rates on their debt, starts changing the equations. Makes me wonder how much of the stimulus money just went to keeping operations going. i.e. rebranding an existing project and "canceling" the old version.

The Walmart that was being built here got busted for illegal concrete workers before they even had a building up yet....I think they busted ten workers. That would be 500K in fines with my plan. How many more times do you think it would happen at that price?

YLSP wrote:

the biggest news of all was the confirmation of Paulson as a witness

Ooooh, that is exciting.

Okay.

Me's Guy's don't know's whats going on either.
I just read the ZH news regarding Fed whistleblower and Issa's report.

Bye-bye Timmy!

Who cares about Paulson...

mp wrote:

First, CBO expects unemployment to return to 5%, the so-called "natural rate", in 2016 (I'll probably be dead by then, so let me know how that turned out);
Secondly, CBO expects the growth rate to pick up during 2011 due to a pick-up in commercial and residential investment. Now, that would be interesting.

I want some of those drugs.

Rob Dawg wrote:

139 million jobs @ 40hr/wk plus 5 weeks of vacation. Untaxed if exercised.

won't work, we're already at peak production.

broward wrote:

won't work, we're already at peak production.

Why would that not be the same thing as a 35 hour work week?

Of course said contractor lived in a 500K house and was driving a 50K truck.

Comrade Kristina wrote:

I actually had a guy argue with me that he HAD to hire illegals because he couldn't afford to pay more than 9 bucks an hour for concrete work

Same bullshit arguement applies for why people shop at Walmart. Can't (won't) afford anything else, which feeds into the whole lowest common denominator loop. The average idiot primate can't see past their nose to the global commons.

broward wrote:

Rob Dawg wrote:
139 million jobs @ 40hr/wk plus 5 weeks of vacation. Untaxed if exercised.
won't work, we're already at peak production.

But 5 weeks of consumption with no productivity will take care of that.

GDD9000 wrote:

You see, the thing is, there are SO many of these middle manager do nothing types, and they make a pretty penny for doin nuttin. And they are toast and have no clue...

That would be interesting organization that only dumped the people who do nothing. They are seldom the first to go, as they have plenty of time to play politics while they are not doing their jobs.

Joanna wrote:

The average idiot primate can't see past their nose to the global commons.

When I contracted for the USDOT, I was surprised that some drivers were thankful about Federal regulations.

merchants of fear wrote:

Is there a Deep Throat in the Fed?

It's probably just Krugman, Summers or Stiglitz seeing an opportunity...

broward wrote:

That's basically what Europe is doing.

Parts of Europe have actually done both in some cases.

Comrade Kristina wrote:

Hell, they don't even bother to get dressed to go to WalMart. PJ's and bunny slippers are not uncommon.

People of Walmart: a collection of all the creatures that grace us with their presence at Walmart, America's favorite store.

Good one CK!

krugman has been rippin on the prez over and over

guess he dont want no more of that roast beef dinner

Haha Joanna. I had a patron tell me they were at Walmart one day and saw some fat woman in the aisle with PJ's and bunny slippers on (literally). She said she was disparaging them under her breath until they turned around and it was her sister...BWAHAHAHAHHA

sm_landlord wrote:

They are seldom the first to go, as they have plenty of time to play politics while they are not doing their jobs.

That matches my experience EXACTLY. Also, those with any real talent and mobility, can smell the doom coming and GTFO.

If BB manages to get back in the saddle...will he just get bucked off real quick like?

MrM wrote:

Smart, passionate, as always - but with too much respect for "Barney Frank's financial reform"

In person, Barney Frank is a witty, larger-than-life character, who happens to live near Elizabeth Warren. It wouldn't shock me if they knew each other and liked each other personally. So I understand the empathy. But you are right that trusting Barney Frank's judgment on prudential financial supervision and regulation is.... unwise.

MrM wrote:

Elizabeth Warren was on Jon Stewart tonight (link tomorrow).
Smart, passionate, as always - but with too much respect for "Barney Frank's financial reform"

She seems to have no political ambition. She actually says what she thinks.

It's refreshing.

Add-on: thanks for the heads-up for those of us West of you.

gotta put hubby to bed. Please check out the artist I posted. I think you will really like him. One of the few things that can soothe me.

my imagination runs wild

sportsfan wrote:

Add-on: thanks for the heads-up for those of us West of you.

No problem

Her main point was spot on: "We either fix the financial system now or the game is literally over for the middle class"

broward wrote:

Today a recruiter told me he had sixty positions to fill and I got callbacks for applications from three months ago but then nothing ever goes anywhere. It's very erratic and odd.

I know a recruiter who stays in touch with me in case I need bodies. I have hired several people through him in the past for gigs running six to twelve months. Previously, he would only supply candidates for FT positions. He has recently switched to filling part-time positions. Which I find refreshing... some projects need the ability to mix talent in less than FT quanta, and he seems to have wised up to that fact.

But will they lower full time requirements for benefits?

Rob Dawg wrote:

[broward] Today a recruiter told me he had sixty positions to fill and I got callbacks for applications from three months ago but then nothing ever goes anywhere. It's very erratic and odd.

Wage arbitraging their existing employees using applicants as market comps.

Heh, more likely things just not coming together on time. My experience recently is lots of clients asking for quotes but not pushing the button.

MrM wrote:

Her main point was spot on: "We either fix the financial system now or the game is literally over for the middle class"

Couldn't agree more. In my wildest dream, Obama would accept Geithner's resignation and immediately announce that Elizabeth Warren was his nominee for SecTreas.

sm_landlord wrote:

Man, still **<35>** undecided on Ben. I guess they're waiting for the polls to get back...

Or they are waiting for promises on their "requests for clarification".

I wonder how many of these are up for election this year?

Undecided or unannounced (35)
John Barrasso (R-WY)
Kit Bond (R-MO)
Sam Brownback (R-KS)
Sherrod Brown (D-OH)
Roland Burris (D-IL)
Maria Cantwell (D-WA)
Bob Casey (D-PA)
Saxby Chambliss (D-GA)
Tom Coburn (R-OK)
Thad Cochran (R-MS)
Mike Enzi (R-WY)
Al Franken (D-MN)
Kirsten Gillibrand (D-NY)
Chuck Grassley (R-IA)
Johnny Isakson (R-GA)
Ted Kaufman (D-DE)
Frank Lautenberg (D-NJ)
Patrick Leahy (D-VT)
George LeMieux (R-FL)
Carl Levin (D-MI)
Blanche Lincoln (D-AR)
Claire McCaskill (D-MO)
Mitch McConnell (R-KY)
Lisa Murkowski (R-AK)
Patty Murray (D-WA)
Mark Pryor (D-AR)
Jim Risch (R-ID)
Pat Roberts (R-KS)
Jeanne Shaheen (D-NH)
Arlen Specter (D-PA)
John Thune (R-SD)
Mark Udall (D-CO)
Tom Udall (D-NM)
Jim Webb (D-VA)
Roger Wicker (R-MS)
Ron Wyden (D-OR)

... excerpt since I know people can get "link fatigue"..

But the real regulatory break-through for the CFPA would be the promotion of “plain vanilla” contracts that would likely meet the needs of about 95% of consumers. These contracts would have a regulatory safe harbor. By using an off-the-shelf template for a plain vanilla contracts and filling in the blanks for interest rates, penalty rates and a few other key terms, a financial institution can legally satisfy all its federal regulatory requirements—no need to do more.

A streamlined new regulatory regime would have a serious impact on the credit industry. Today’s complicated disclosure system favors big lenders that can hire a legion of lawyers to navigate the rules—and spread the costs among millions of customers. Those complex rules fall much harder on a smaller institution that must navigate the same regulatory twists and turns, but with far smaller administrative staffs. Plain vanilla contracts will be particularly beneficial for community banks and credit unions that will be able to divert fewer resources toward regulatory compliance and more toward customer service and innovation.

She's going to be the CFPA Czar...

2nd excerpt...

By changing from a bank charter to a thrift charter, for example, a financial institution can change from one regulator to another. The regulators’ budget comes in large part from the institutions they regulate. If a big financial institution leaves one regulator, the agency will face a budget shortfall and the agency will likely shrink. Knowing this, financial institutions can shop around for the regulator that provides the most lax oversight, and regulators can compete by offering to regulate less. Regulatory arbitrage triggered a race to the bottom among prudential regulators and blocked any hope of real consumer protection.

The second structural reason that prudential regulators failed to exercise their authority to protect consumers is a cultural one: consumer protection staff at existing agencies find themselves at the bottom of the pecking order because these agencies are designed to focus on other matters. At the Federal Reserve, senior officers and staff wake up every morning thinking about monetary policy. At the OCC and OTS, agency heads wake up thinking about capital adequacy requirements and safety and soundness. Consumer protection issues are—at best—an afterthought.

Or waiting to see what damage the 'leaks' cause?

patientrenter wrote:

We'd have to call and email like crazy, and protest like it's 1969, to actually make the vote fail.

Yeah, that worked so well for TARP... Of course MA may have been a bit of a wake-up call as to how serious the peeps are.

this is interesting

http://marketoracle.co.uk/images/2010/Jan/us-collapse-18-11.gif 

Comrade Kristina

remy shand...checked it out very mellow thanks

heres one back for you and the commentariat...very tunefull and mellow

with a message for uncertain times

david crosby...great harmony

YouTube - David Crosby - Laughing

guess he dont want no more of that roast beef dinner

Maybe mp sold him a cow.

Krugman is pretty close to my point of view on this. It's going to be hard for Obama to recover if his base won't even listen to his speeches.

Well, that's good news. Looks like the non-military spending freeze won't affect the economy at all.

Blackhalo wrote:

Man, still <35> undecided on Ben.

(D)s and (R)s following the 35 names reflect the D:R ratio as a whole. Must be a coincidence.

More shenanigans in the morning.

sportsfan wrote:

(D)s and (R)s following the 35 names reflect the D:R ratio as a whole. Must be a coincidence.

Yes, coincidence. The Senate leaders certainly would not be in a room, sorting out who gets the less than 50 stickers saying "I opposed Bernanke on cloture".

patientrenter wrote:

And in between elections we'd have to protest a lot more loudly than the easy-to-ignore emails and phone calls we created during TARP.

yeah, we didnt win

but i thought that we did ok ,defeating tarp on the first round of voting in the house of reps

considering it was the first time the troops took to the field

the ruskies looked pasty pale and anemic

and the people rolled over for screwing after screwing

dont think it will play out that way here

sm_landlord wrote:

No hiring manager wants to bring on people only to face cuts a few months later.

That's a good point.

However, both interviews had headcounts, goals and some budget numbers.

New market areas funded by existing cash flow but not 100% sure of specifics yet.

sportsfan wrote:

I'd rather party like it's 1999:

Nah, party like it's 1983:

YouTube - Rick Springfield - Human Touch

I probably should not admit that I helped make this record. But it's kinda cute.

Edit: and for the nerds: this was mixed on a system that used magnetic core memory as its main RAM.

sm_landlord

were you working as an engineer?

ever meet a guy named eddie kramer

mock turtle wrote:

were you working as an engineer?

Yes. I was what they called a "technical engineer" in the biz. The guy who made the systems work, helped get sounds, and did the drudge work like punching in guitar solos and providing the third and fourth hands in mixes.

ever meet a guy named eddie kramer

Yes. Several times. Although he mostly worked in NY and I mostly worked in LA and SF.

1983 is when I met the women who's in the next room and 1984 was a very good year for the dance floor.

By contrast to Rick Springfield's "The Human Touch," and whatever album it was on [no, I'd never heard it before], Prince had "1999" and the album of the same name [number]. It's a striking contrast, to say the least.

As fans of Prince's music from 1984 know, 1999 [the reocrd] led straight into the next number. I can honestly say that after 26 years, the ride is still so smooth it's amazing:

YouTube - Prince - Little Red Corvette

I have lived one charmed life and the little ones, who are now all grown, think we were dated and campy.

sm_landlord

alright, very cool

i used to race cars and met this guy at a track in upstate NY

we got to be friends racing against each other

eddie kramer

at first i didnt know who the heck he was

we just hung out together...i was blue collar at the time and he was for all appearance a very british gentilman

tho actually i recall he came from south aftrica?

for what ever reason our differences didnt seem to matter socially

any way , one evening as he and his wife and my girlfriend and i were hanging out in his back yard he said

hey wanna see what i do for a living...said sure

we drove down to nyc was about an hour south of where he lived in armonk ny

and eddie gave us a tour of electric lady studio

was the biggest mixing board id ever seen or imagined...as i recall 32 channels or something like that

and two soundproof studios side by side...built to hendrix specifications, or so i was told

sportsfan wrote:

As fans of Prince's music from 1984 know, 1999 [the reocrd] led straight into the next number. I can honestly say that after 26 years, the ride is still so smooth it's amazing:

Prince was good, no question. One of the reasons that I decided to exit the business in 1984 was that it seemed like every band I got the opportunity to produce wanted to sound like Prince. I couldn't convince them the sound like themselves. Either that, or they wanted to sound like Ronnie James Dio, and you can't just plug that in.

Eddie Kramer was one of Jimi's favorite engineers. What a session of musicians for the Electric Ladyland album.

sm_landlord

its a small world!

This feels like the calm before a storm.

sm_landlord wrote:

One of the reasons that I decided to exit the business in 1984 was that it seemed like every band I got the opportunity to produce wanted to sound like Prince.

I can see where that would have happened to those in the business. He made a big splash. My wife and I each could relate to his music and, even more importantly, to each other. Those two numbers were definitely there at the start.

It's just mind-boggling to realize how much time has passed since then.

Oregon voters OK tax hikes on wealthy, businesses - Yahoo! News

Broward did you get to look at Grignon's digital coin pdf? I haven't found a flaw, but I have yet to digest it.

EvilHenryPaulson wrote:

Is Bon Jovi's Slippery When Wet not still the #1 album of all time, did I miss something?

Last time I checked, it was Dark Side of the Moon. Produced by Alan Parsons.

But I haven't been paying much attention lately.

Broward I want to open a cycling studio with 50 bikes hooked up to race one another. Billing, race results, video course... Do you do that kind of programming?

poic wrote:

Oregon voters OK tax hikes on wealthy, businesses - Yahoo! News

Thanks for the heads up. I still have a corporation in Oregon. It will be gone by next week.

I don't want to believe this, But fuck you, Oregon.

1 currency now -yogi wrote:

Broward did you get to look at Grignon's digital coin pdf?

I have it up right now, I was skimming through it. It's been ten years since I went through Grabbe's scheme but one difference (I think) is trying to tie back the digital coins to physical objects. Grabbe had conversions to existing national money and trusted gold repositories.

I still say that the mapping of money to geography to physical force is an issue.

I'll spend some time on it tonight.

Apropos of the rock theme, has anyone linked this yet? Bill Gross correlates self with rockstar, makes Johnny Cash reference:

FT Alphaville » An eye-catching quote…

Worth watching the Shanghai Composite this afternoon (local). Just back over the open, some resistance at the 3000 mark.

C

sm_landlord wrote:

Last time I checked, it was Dark Side of the Moon.

I remember when Thriller passed it. It held #1 for about 8 years, if I recall correctly and still is one of my favorites of all time. My kids grew up listening to that work by Pink Floyd and the staff that assembled it, which might explain their love for music (over video games) today.

Tx. There's a link at his forum to an open-source perpetual data project. Also came across bitcoin https://www.bitcoin.org/smf/index.php?board=1.0

sm_landlord wrote:

I don't want to believe this, But fuck you, Oregon.

Don't be too quick on the draw.

It's going to happen in many States and cities.

Movement costs money, you don't want to do it two or three or four times.

sm_landlord wrote:

this was mixed on a system that used magnetic core memory as its main RAM

Ahh, the days of flying faders. Someday I might bother to get my GML up and running again, but I doubt it. I have to fix the center section on my Trident 1st.

So many records from the 80's sound so dated except for acts that didn't have budgts to record in A rooms, but B or C.

poic wrote:

looks like they have the votes

Of course they do. They just hadn't settled the price for each vote, and who was going to plump instead for one of the 49 available "I voted against Bernanke on cloture" stickers. Now they've got it all sorted out.

And these guys actually expect us to re-elect them all in November.

EvilHenryPaulson wrote:

Anyone have good explanations of how/why per capita income went stagnant in Taiwan, Japan, South Korea?

We are running out of resources and energy, and can no longer support this much complexity without huge diminishing returns?
Just a thought--

sm_landlord wrote:

Thanks for the heads up. I still have a corporation in Oregon. It will be gone by next week.

I don't want to believe this, But fuck you, Oregon.

Wiat a minute, you're in California. How could Oregon be a worse alternative for taxation?

From poic's link:

Democrats who have commanding majorities in the Legislature said they were careful to target the upper 2 percent of individual taxpayers and the businesses with the biggest sales, many headquartered out of state.

Sound like Prince?

I always wanted to sound like these guys:

YouTube - Making of The Dark Side of the Moon - Pink Floyd - Part 1/5

Regarding the armed comments upthread, just yesterday I met a fellow school parent. He heard my US accent and asked where I was from. Told him, and we started chatting. Within literally two minutes, he told me he expected armed conflict within the borders before O's term is completed, if it's completed.

I rarely have a chance to mingle with Americans (in the physical world), and while his view is not uncommon, it was the first I've heard it among generally well heeled expats over here . . .

I suggested economic calamity likely, governmental breakdown less than 50/50, and social breakdown common enough on the edges, but the core withstanding the strain. "Rose colored glasses" he said. Too many armed and pissed and disenfranchised.

sportsfan wrote:

How could Oregon be a worse alternative for taxation?

To my dismay, and counter to the urban myth, California is rated only moderate in it's taxation.
I'm sure we can tax more, and move up into the heavily taxed, but are slackers at the moment.

Actually, I was always partial to "Wish You Were Here", with "Shine on You Jamie Dimon".
Set the controls for the heart of the sun.

mock turtle wrote:

results in an exponentially increased risk of system breakdown

Tainter

patientrenter wrote:

And these guys actually expect us to re-elect them all in November.

The DVI party already 1 and 0 after Brown. They didn't see that coming and they won't see it personally until the primaries. Those are going to be interesting. Both parties have internal issues and I expect a lot of dirty laundry to air due to the inability to control the process.

merchants of fear wrote:

ever fly over OR?

Or Washington -- horrific! Took the 150 all over the state, finding small places to land.
If people only knew, or cared.

adornosghost

thanks for the lead...tainter

just searched it up...hmmm fall of the roman empire due to societal compleity

thanks

mock turtle wrote:

thanks for the lead...tainter

Read Tainter, he is the thinker of the future.

mock turtle wrote:

good nite

Think I'll lister to some Nature podcasts, and drift off--

Anak wrote:

Phil Spector is the best example.

Anak wrote:

"beyond which, each additional unit if increasing complexity

results in an exponentially increased risk of system breakdown"
.

Totally agree, and Phil Spector is the best example.

Was reading a little about Julius Robert Von Mayer (entropy). Had to be institutionalized and refused to think about physics after regaining equilibrium.

Jackrabbit wrote:

If Obama doesn't see these things, may he just isn't smart enough, or isn't listening.

He's had a lot on his plate and what makes you think a lawyer knows anything about economics? That said, he'd better figure it out soon or there will be hell to pay. Of course, I think it's going to be bad anyway, but at least he'd be leading, instead of making himself a target.

Julius Robert Von Mayer (entropy).

yogi, it is hard to fathom the first law, or once you have, imagine science without it.

But I can imagine an a cappella version of "Be My Baby", and think I would prefer it!

Jackrabbit,
You think Obama was selected, developed, and shaped by his promoters and handlers from nowhere to the highest office if they thought he wouldn't be loyal to his inner circle of advisors. Do you have any real knowledge of Obama's background? Such a quick rise was shaped to get him into this position to do the job outlined by his 'team' who created him.

Deflationary Jane wrote:

The same thing has been mentioned at UC. Depts will be combining to lessen admin costs.

Administratively, haven't seen that yet at our campus. Lots of rumors on the academic side, though. In one or two cases they cut staff on a popular academic program and rolled operational responsibility back into the parent department's staff. Some tough talk about profs not teaching what they want to teach, but what the students need to learn; code words for cutting electives. Though I always wondered whether a UC ever really needed a class on "The Films of John Carpenter."

merchants of fear wrote:

Are we reaching another 'crisis' moment?

"While we would obviously prefer that the schedule not be produced at all, this special procedure seems to indicate that they [the SEC] understand the extreme sensitivity of the information," wrote James Bergin, an in-house NY Fed lawyer, to his boss, general counsel Thomas Baxter, in a Jan. 13, 2009, e-mail.An e-mail message dated as early as November 2008 among New York Fed lawyers included the comment, "I don't think any of us expected" the documents would become public.

What is so damming that it NEEDS to be kept secret? What does Ben know and when did he know it? What is the justification in failing to disclose to the SEC the details of a government owned corporation?

But the politicians will likely be out for blood on Wednesday. "The New York Fed was orchestrating what can only be characterized as an extreme effort to ensure that details of the counterparty deal stayed secret," said Rep. Darrell Issa, ranking committee member. "The culture of secrecy that was pervasive throughout the Fed is deeply disturbing, and someone needs to be held accountable for that."

What other shoes are left to drop? What other information has the Fed failed to disclose about the health of other banks that may put shareholders at risk? Whose Job was it to protect the the public from TBTF?

Fed Worked to Keep AIG Deal Details Quiet - Forbes.com

This story is bubbling up on Digg, and the comments are not favorable. The public is not amused. And record high banker bonuses are not helping.

Fed Strove To Keep America In Dark On AIG - Forbes.com

I admit that, like many, I hoped for more from Obama. I'm still hoping. (I'm not a cynic at heart.)

The close connection of his economic team to Wall Street is problematic. I'm sure there are SOME advantages but it is sinking him.

I was heartened by Mass. People need to hold the pols. accountable. (this flows thru to those who work for the pols).

We need more accountability in corporations also (as discussed earlier). BoD need to be more independent and more responsive to shareholders.

I think people can understand the need for these things. I can't bring my self to accept that is inevitable.

"Peak trust", nice. The way information travels now, it should become harder to hide local violence. Someone replied earlier that no Fed Chair nominee has gotten more than 19 nays (we've added a couple States since 1913). Bernanke is sure to raise peak distrust.

NY Fed turned over 250,000 documents...