Hotel Occupancy Up Slightly Compared to Same Week 2009
Submitted by
CalculatedRisk on Thu, 02/25/2010 - 8:50am (257 comments)
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Must be the "recovery" I keep hearing about.
Noooooooooooooooooooooooooo! The econ terrorists are winning! :tinyfistsoffury:
HIgher occupancy on lower prices.
Quelle suprise.
got pigged, this is a worthwhile read
San Diego Reader | Too Much Debt, Too Few Jobs
Welsh foresees woes for three to five years but says they may stretch out to ten. Excessive government debt will be unwinding along with excessive consumer debt. “Governments will be raising taxes and cutting back on services. It’s a debt pandemic,” he says. That will be a double-whammy on ailing households. Politicians won’t level with the public: “If you get out of the foxhole, you have your head blown off.” Says Welsh grimly, “There could be riots. There could be violence when politicians start telling people the truth.”
OT
from: Courthouse News Service
Nemo wrote:
During the Great Depression, GDP grew quite well from mid-32 to mid-37, so based in y-o-y comparisons, they were in a recovery too.
GDP During The Great Depression
I have posted this before
Great blog for all that is 1930ish.
News from 1930
ghostfaceinvestah wrote:
Ah yes....the baklava moment.
I enjoy reading it, even though it is now 1931 on the blog and tacking quite nicely.
If that continues, the next drop is a doozy.
On topic, Revpar spells bankruptcy for a large number of recently constructed properties, and anybody that levered up in the last five years.
The reits are gonna die on this stuff.
Someday this war's gonna end...
It was me, we stayed motels for 6 nights in a row last week, skewing the numbers.
shill wrote:
Fomr the link:
Trader Horn trailer
I think there's some nipple in there
Higher occupancy and lower room rates do not combine to make the monthly debt service.
We Want RevPar!
ghostface- what is 180 day dead paper on underwater helocs going for in the open market? Is it pennies or what? I am curious as to what 2007 vintage nonrecourse heloc is worth.
Thanks in advance!
Someday this war's gonna end...
Re: San Diego Reader article
A nice distillation of our Scylla vs. Charybdis situation, courtesy economist A. Gary Shilling:
The prevailing sight on motels on our trip was signs that said $39.95 a night, the new normal.
Local SW Florida destination resorts are below last year's occupancy. But commercial properties here reflect the industry uptick.
Plutocracy cycle in America
http://i173.photobucket.com/albums/w50/alix2304/charts%20II/largeextremeinequalitychart-1-1.jpg
1950's to 1980's viable middle class
1980's to 2005 asset inflated middle class
2005 + fast diminishing middle class
burnside wrote:
Is that the second derivative industry uptick we're talking about?
Obama has outsourced the Treasury Department and Commodity Trading regulation to
who just destroyed the Greece economy..... It's been over for some time now.
Wonder how much of the Seattle increase is due to the Olympics
Which is worse - bankers or terrorists wrote:
No. Occupancy is modestly up. Commercial only.
At some point closed units would create some occupancy bounce?
burnside wrote:
What industry sectors are driving it? Big FDIC presence, perhaps?
Well, that settles it. Recession over, economy is booming. Where the fudge is my nearest Lambourghini dealer?
Bandos are starting to enter the hotels and are pushing up occupancy rates.
I'd be surprised if travelers trapped by big snow storms didn't contribute to some of this last week. Ya' gotta sleep somewhere.
Yeah, answer to this question first: was it another firm firing you up your boss?
The motels here do great when the summer shows up and the Europeans are traveling and the Euro is up, but when they have to rely on rank and file Americans to fill in the off-season gap, not so great. I went by one motel @ 9:00 pm yesterday with 3 cars in the parking lot.
maybe it has a hundred rooms...
Cinco-X
from last thread...
Cinco-X wrote:
Sorry, I call BS on that. Its not about worrying about doing anything wrong, its about a certain level of privacy and compensation. Now, I don't mean the Tinfoil Hat kind of stuff. However, I am fully aware that many a company can turn a profit simply off mining my data. Since I'm not being reimbursed for that 'service' I provide to them, they can take a long walk off a short pier.
Its not about doing something wrong, its about compensation for the service I'm providing. They don't want to compensate me? They don't get my info.
And yes, I do have a CC. And I agree 100% with your observation comparing them to drugs/alcohol.
Elvis wrote:
Correct....and when repo guys come to the hotel to start taking stuff that doesn't count towards occupancy.
+or it was.
LAM wrote:
LAM, I believe the survey captures that.
Must be the "recovery" I keep hearing about.
Yes. Next month is the one year anniversary of 'greenshoots' and 'glimmers of hopium'.
On topic. We are 2+ years deep into this mess and any of these surveys (restaraunts, hotels, retail sales, homebuilders, etc) have to be taken with a grain of salt due to survivor's bias. As an example I expect 'reported' retail sales (survey of mid to large chains minus walmart) to continue to be flat/up slightly as smaller chains and mom & pop throw in the towel in ever increasing fashion.
I do love the news from 1930. If we ever let these business morons buy the government, we'll be screwed...
Case in point:
LOL!
Which is worse - bankers or terrorists wrote:
Very typical mix - don't see any distortions. Maybe elsewhere.
Lots of people with no power were staying in hotels, at least locally.
I was going to go there, but we all have different opinions about C.cards, and well drugs/alcohol or what have you C.C are dangerous and much! MUCH to easy to take advantage of.
Juvenal Delinquent wrote:
Kind of like the electric utilities, have to build for peak power and then suffer when demand is low.
No way around that in both cases.
black dog -
I think there must be some survivor bias nationally. So far no notable failures here, and this town is lousy with hotels.
I also spent a good portion of the first two months of 2010 in hotels but, if my schedule is a leading indicator, that blip should be over now.
The fact that the DOW can retreat triple digits on more "unexpected" jobs numbers must mean that they believe their own sunny scenarios and are indeed surprised by the actual numbers.
The scuttlebutt around town is that a few motels are on the brink of going bk, just barely hanging on...
China To Purchase Half of IMF's Gold - Pravda.Ru
And try and over look the Ass cheek to the left I dare ya hahah!
Wait until your medical records are all 'online', then its going to be a whole new kettle of fish regarding your data and privacy. Google already (or at least a year or so ago) had a beta where you could deposit all your medical information online. UH-HUH. And just how much would Google get paid to do some meta-data analysis of that and just how many large corporations could use that information for prospective hires with a little kickback to keep it quiet??
black dog wrote:
Anniversary Party Time! I suggest a Calculated Risk and Friends trip to Scores.
CaptainMorgan wrote:
I think that has to be offset by those who had to abandon travel plans over iffy air/ground conditions. Lots of cancellations during the worst of the storms. Affected us here in sunny (?) Florida as well.
Wait a second, isn't some of Greece's barbarous in there?
Don't worry, passing healthcare reform will create 400000 jobs immediately.
RevolutionWillNotBeTelevised wrote:
First, there was more than a little snarking in that portion of the comment, but that said, cash has not been outlawed, and you can always choose to use it. When I go to an Ohio gun show to buy my rifle, you can betcha I'm gonna pay cash. As for your argument about no being reimbursed for services, I call BS, and I outlined it in my earlier response. If you buy memory at a computer show and it doesn't work when you get it home, cancel payment on it; been there, done that. You can't do that with cash. I had literally 100s of 1000s of airline miles until my wife recently cashed them in for flights to Thailand for her and my daughter. If you aren't getting these and other benefits, you should change your card. JMHO--
Nanoo-Nanoo wrote:
New system: your insurance can be canceled in seconds based on a Google query from India.
usually I have pretty good luck on craigslist, but then you get your turkeys:
Thank you for showing interest .The apartment is available for the dates chosen.I am sure that this is one of the best apartment you can get around at this reasonable rate but i cannot guarantee the hold of the apartment until you book for it. You are required to pay50% of the total rental fee and a refundable security fee of $200 to enable me hold the apartment for you,as there is rush for the apartment at this time.The apartment is $85 per night.Check the below quotes for the cost of nights you intent to stay in the apartment.
5 NIGHTS = $425
%50 DEPOSIT = $212
SECURITY FEE = $200
All you have to do to hold the apartment is to pay a 50% of the total rental fee plus the refundable security fee which is $200. which will be given back to you on the day your departing from the apartment,once you have made the payment i will issue you a receipt confirming your payment.You get to notify me of the exact time you will be arriving in to make arrangement to pick you up. There is no extra charges for this also. I will render this service for free.The owner his studying her phd degree in Uk she is the one you will be sending the deposit to and she accept western union as form of payment.I am an agent.I will send you our booking form and agreement as soon i have your reply to know you are interested in the apartment.
Regards
Mark.
(email address was markdomer1960@gmail.com)- sent email was to markdomer@yahoo.com
Uhhh, I don't do no western union to places I can't visit. Fail on the scamster's part. I will be sending an email off to craigslist and they will ban the turkey.
Annoying waste of time.
Someday this war's gonna end...
km4 wrote:
You got the order wrong. :Vampire Squid from Hell: outsourced its P.R. department to a new administration after the weak showing of the previous, but decided for continuity in Treasury with a transparent name-shuffle at the top.
Greece was a small-change operation, just to keep their skill-sets from getting rusty.
Ah, so children...Number one rule is: Your former employer is SHIT!
I gotta say, shill, the counter-commodity action of
today is pretty impressive. I expected it to lose at least $15, but it's actually clawed itself into the green.
Have you ever had to deal with trying to transfer paper records from one doc to another? It can be a nightmare.
Sometimes my ideas don't come through in a few short sentences. I'm not explicitly opposed to sharing my data, when it has a benefit to me. Online medical records will certainly have a benefit to me in time/frustration saved. Sure, it will almost certainly have some drawbacks, but we all have our personal lines as to what the cost/benefit is to any situation.
But to use a credit card for everyday purchases? With no measurable benefit? I don't see the point, and until there's an incentive to do otherwise, Ill be just as happy not using them.
Juvenal Delinquent wrote:
Yes, in the vault labeled Deutschland.
burnside wrote:
Getting stuck can add to hotel stays too. My dad was stuck in Singapore for two days last week. Maybe it cancels out?
Number TWO rule is: All other employers are as equally shitty or worse.
shill wrote:
It turns out that a lot of things can be dangerous if abused, the most prevalent being food. We can eat to boost the endorphin levels in our brain to make us feel better/happier, but it this becomes a crutch, it can and often does lead to serious health problems related to obesity. The same mechanism applies to compulsive shopping, and we've trained a generation or 3 to address the sadness we feel from overwork by shopping. The effects of drugs and alcohol can me more immediate, but they're not that different. That said, I believe in individual choice, as long as it's accompanied by individual responsibility.
Which is worse - bankers or terrorists wrote:
I'd say offset. Probably close.
Good points, and the first night might be charged anyway depending on when the stay is canceled.
The rental car guys aren't as lucky in that regard.
Yancey Ward wrote:
I think what you'll see if companies going to contractors to avoid health insurance. I'm hearing about this already in California for the homebuilders....they're hiring again with consultants, not full-time help. Keeps them off the balance sheet and avoids the indirect costs of hiring. Yes, there is a supposedly a crackdown on this, but I imagine homebuilding, being part of the FIRE sector, will tell the government to fuck themselves like they have successfully for the last 5 years.
noob goldberg wrote:
Bernanke just announced that will continue to bake inflation into the cake for an extended period.
Number THREE rule is: Type two new rules.
Noob take a peek at Platinum
...
Nanoo-Nanoo wrote:
I am more worried about the illicit concjecture stain that won't go away. You want a death sentence "non-compliance" is a much easier label than trying to find out what is really wrong.
Yancey Ward wrote:
In that case it will definitely not save any money-
DCRogers wrote:
Seriously....Goldman Sachs is better than the Nazis in the talent of stealing from small European states.
Why is this blog sinking? I have a few U-serious German souls to bring this blog above waterline
Funny Cinco, that was just brought up on the radio how much people waste food, I think it was more or less $500 a month or year, not too sure.
.....most sense I EVER heard coming from McCain.
It's in their Gnomenclature...
In France any doctor can access all your medical records immediately. Shouldn't that provide a lot less record keeping and save money?.(No more of those repetitive history forms, two forms of ID, etc...) The solution to Google's peddling medical information is clear: national health insurance - insurance for everyone. Seems like a fair trade: a little less privacy for less expensive medical care, no?
Cinco-X wrote:
Exactly. Im not much of a 'quote guy' but there has always been one that has stuck in my mind for years;
One is a group of self-serving psychopaths following a flawed ideology with religious zeal, and the others are terrorists.
recoveryless recovery
shill: you might be right!
DCRogers (profile) wrote (in reply to...) on Thu, 2/25/2010 - 10:25 am replyIgnore userJuvenal Delinquent wrote:
Wait a second, isn't some of Greece's barbarous in there?
Yes, in the vault labeled Deutschland.
Need to fix that:
Schweitz
Juvenal Delinquent wrote:
---Come on, JD.
shill wrote:
We used to waste a lot, but it essentially all goes to the chickens now. BTW, I have 12 more chicks on order for the end of March...
RockyR wrote:
LOL.....I'll have to remember this one....
And what about the ducks, Cinco?
Don't go all sauerkraut on me
ghostfaceinvestah wrote:
San Diego Reader | Too Much Debt, Too Few Jobs
Thanx
Rates on 30-year home loans rise to 5.05 pct
Rates on 30-year mortgages rise, crossing 5 percent threshold for first time in 3 weeks
noob goldberg wrote:
noob! We were comparing hotel occupancy lost/gained in Winter storms.
Oh, well, probably some zealots and psychopaths in the mix . . .
You need a permit for chickens here in the left cost Cinco?
"....but it essentially all goes to the chickens now"
.....chickens will eat ANYTHING.........LOL.....kinda like teenagers!
HomeGnome wrote:
They ate my wife's iris's last Summer; boy was she pissed. They've got to go soon-
"One is a group of self-serving psychopaths following a flawed ideology with religious zeal, and the others are terrorists."
Just like my...grandmama. Hitler was "something else" in the 30's radio. Now what you got? Some mid-western "I hate toyoda! shit"?
I think you should put "Revpar" in the headline. It's the right thing to do; don't be intimidated.
So After seeing today's UE numbers, I hope that myth of a "jobless recovery" goes away for good.
IM non senseical opinion The only way out of this recession will be to cause positive inflation by the Fed buying gold and taking it on to their balance sheet.
Just checking
shill wrote:
The "Left Coast" usually refers to West Coast. As for permits, I think it depends on the town. I didn't need any, but I think I'm also restricted to raising them for personal consumption. In some nearby townships, you can raise however many you want as long as you have more than 5 acres.
This is for residential land. If you're zoned farming it may be different, but I suspect it would be more lenient.
Cinco-X wrote:
Yes (except it's early 33). Officially the Depression is two recessions: 1929-33 and 1937-38. GDP topped 1929 in 1936, so even by the more reasonable end standard of restoring GDP it was in two parts. Unemployment, however, remained high in 1936. People at the time didn't think it was over in 1936, in spite of official definitions.
I expect this will be similar; periods of growth, so officially in-and-out of recession; GDP possibly topping earlier periods (remember financial shenanigans raise GDP); unemployment persistently high and pervasive belief in the public that times are hard.
Yeah, just checking! buT mARINE OR sOLDIERS hONOUR means SOMETHING.
Or NoT!
L__________________now there______________
I like you THOO!
I like you THOO2!
The barbarous seems lackadaisical in regards to something truly of substance happening, a feint.
Lol yes my bad....
Nova daughters you got?
I don't think a jobless recovery is likely, but why do we need two income families to survive as a country or an economy?
We used to be single income households, and did just fine. Maybe we are just returning to that.
The debt burden is the issue.
Everyone wants a job now, and rightfully so, but many of the aging baby boomers will be retired even if it is not by choice. Many will not have the health to work 40 hours a week. If you are 20 something, you probably won't care if the retired boomer won the lottery, got tired of the BS, or had a stroke, you will just be glad to have a job.
shill wrote:
All is forgiven
Oh, oops!
I took the day off to play with my kids, so I just dove in to scribble a silly comment while he paused to eat some lunch. Everyone can feel free to ignore me today as I'm completely distracted by a hyperactive toddler
The US Federal Reserve is reviewing financing deals conducted by Goldman Sachs and others related to Greece's debt crisis, Fed chief Ben Bernanke said Thursday. "We are looking into a number of questions related to Goldman Sachs and other companies and their derivatives arrangements with Greece," Bernanke said in response to a lawmaker's question in his second day of testimony to Congress.
**BWAAAAaaaa Haaaa Haaaaa...this is hillarious kubuki **
yeah
"I'm completely distracted by a hyperactive toddler Smile"
Wow...I didn't know you were Timmay's dad....
Ciao
MS
Juvenal Delinquent wrote:
No news to move it. IMF sale and China SWF interest are old, old news. Very old.
noob goldberg wrote:
Half a can of beer in his bottle will settle him down.....
BB ready to take on the
http://brassdragonkarate.com/sitebuilder/images/Kubuki-607x498.png
traderwalt, et. al: There are ways to set this up so Google (or any other domain) doesn't have your information and it can be shared by health care professional who are the ONLY ones who should have access to it. For many of you who are younger, you can't see this as an issue now. But wait until you have a brush with cancer or get diagnosed with MS and still need to work. THEN it is a big issue, particularly if we continue going down this same track of how health care/insurance is paid and supplied. But OK, if it saves you $25 a year I guess its worth it and believe me, who is going to do the cost analysis/savings on that when the now new technology is 17 years old and needs to be replaced?
Actually some of this is done now. With radiology, the 'films' are transferred over the internet to radiologists in India. They interpret it, it is transcribed (the report) in India and then digitally sent back to the US.
You think hackers won't be able to reproduce and get your pain medication for your fractured leg and then you NOT be able to get it because someone already did? lol. This is where 'mericans continue to be naive.
Monkeys...we need more monkeys.
yeah
yeah
Why is the president doing this?
Health Care Insurance Reform Legislation Town Halls - C-SPAN
Isn't the first rule of politics to keep quiet unless you are doing something effective?
It's excruciating. "Don't debate. Dictate!"
TETS
Vonbeck...I think Ken should work on flying pigs myself.
We stay with friends most of the time when traveling. El Cheapo.
One is a group of self-serving psychopaths following a flawed ideology...
Anybody I know?
Hmm my ticker says
gold price
I don't think the double standard regarding preexisting conditions will last forever.
Not every one has the opportunity to join a group health plan, but many chose positions for less pay or more demands just to get it.
It would probably be one of the biggest changes that the government could make to actually help people. There are possibly unintended consequences, as why pay for health insurance for years when you can pay cash, save big bucks and stick it to an insurance company if something major pops up.
pavel.chichikov wrote:
I just realized that "Which is worse - bankers or terrorists" wasn't a question, but a username
I was responding to someone's moniker. How noobish of me.
A group is,
Me, Myself and I. Plus anybody else talking in my head!
noob goldberg wrote:
I was thinking of changing it to something comparing Lloyd Blankfein to the guy pouring Zyklon B into the gas chambers at Auschwitz, but can't come up with anything catchy.
I've been informed that you all are nothing but a bunch of naked short sellers from some well versed green shooter....OK, fess up, which one of you guys is naked and posting right now?
Comrade Kristina wrote:
I sat by the pool all afternoon and have been working out a lot. Does that count?
I think it's Vonbek...
DOs and DON'Ts - Vice Magazine
Looking at Miners today, I am almost sorry I cashed out....Oh well lose some win some.
I had to laugh at being told that CR and his minions are all naked shorters....That's why we're so "doomy"...Yeah, it couldn't be we are realists and define bullshit as well...bullshit.
HG My EYES they are burning...dammit.
CM: Yes, we are dead last in the world regarding how much we pay vs what we get. The quality of care has declined dramatically. What I was referencing above however is something irrespective of how health care is paid for or even pre-existing conditions. The ability of large corporations to utilize data either from groups or for a prospective employee is risked. This of course is against the law and discriminatory. Proving it would be an impossibility if there is a monopoly that provides those private records to a business to assess if a person would be less productive due to a physical/mental limitation or because of the potential of a serious illness recurring.
Unfortunately, single payer is dead, not gonna happen. The current legislation and its different iterations are a gigantic GIFT to pharma and insurers.
and now...Now with record numbers of people out of work and the absolutely SILLY COBRA health care program which is unaffordable, the current subsidy to make it within reach for someone out of work is on the chopping block.
U.S. Health Subsidy for Fired Workers May End After Senate Vote - Bloomberg.com
http://warisboring.com/wp-content/uploads/2009/03/borat-mankini-62408-1.jpg
HG?
Sanders: Senate has the votes to pass public option via reconciliation - The Hill's Blog Briefing Room
"I think we do have 50 votes in the Senate for a public option and frankly I don't know why the president has not put it in and I hope that we can inject it," Sanders said on MSNBC. "I think it's a very important part of healthcare reform."
Candidate Obama was a fakester
Comrade Kristina wrote:
Now why would anyone want to gamble like that? Especially when you can gamble using big leverage! Options, baby, I want options.
Naked Short Selling.
Yer doing it right!
DOs and DON'Ts - Vice Magazine
Fed to Examine If Wall Street Is Betting Against Greece - CNBC
The signal is in....place your bets.
Comrade Kristina wrote:
Damn! I guess the gig is up guys. Now put some clothes on.
Just kidding, CK. I'm just heading out to lunch at St. Armand's Key, so coat and tie. And am actually pretty tall.
Latest Sarah Palin Speech Opens Sixth Seal | The Onion - America's Finest News Source
Best crack on the planet: Options on 3x etfs!!
A derivative of a derivative.
Isn't wall street wonderful?
Someday this war's gonna end...
Iceland update: Media freedom bill advances » Nieman Journalism Lab
Media freedom in on the march.....in Iceland !
Citizen AllenM wrote:
Is there a tradeable volatility index based on leveraged ETF options? I want to buy calls on it.
This falls in line with the rent post yesterday CR.
Coliseum plaza files Chapter 11 | The Journal Gazette, Fort Wayne, Ind.
February 25, 2010
"China’s sale of U.S. Treasury securities in December 2009 must be looked at from two perspectives, said a Chinese Foreign Ministry spokesman on Feb. 25, Xinhua reported. China must consider the market and its needs, and Washington needs to take concrete steps to improve the international market’s confidence in the U.S. dollar, he said."
Nannoo, if we get national health care, people will be hired according to their abilities not the cost of their health care. This is a win-win situation for both employers and employees. Breaking up the medical combines, including the malpractice legal industry, which have decimated middle class disposable income, should benefit nearly everyone.
Everything's fine at the mall, the tenants just aren't paying their rent?
Wouldn't making health insurance illegal have these same benefits plus reduced bureaucracy costs?
Yalt wrote:
Um, not yet. But consider the options on your average ERY or ERX etf, with a chance of a dollar move on any given day, up or down, and the costs of the options are pretty reasonable given the volitility. Any trend that can be captured with those options yields 3x times 10x from the options. Is that insane or what?
I don't expect 3x etfs to survive long term, btw. They just are essentially short term gambling pools with immense rake offs.
Someday this war's gonna end...
why pay for health insurance for years when you can pay cash, save big bucks and stick it to an insurance company if something major pops up.
Something major? Would sticking it to an insurance company feel like a consolation, or an amusement?
Must be all that recycled air...
Wouldn't making health insurance illegal have these same benefits plus reduced bureaucracy costs?
The platform of the Soylent Green party?
No wonder looking at these tenants:
George Kotsopoulos and Christine M. Kotsopoulos are co-owners of Coliseum on Parnell LLC, a shopping center with tenants including A Plus Computers, Lamps & Shades Unlimited, Rick O’Shays at Broadripple, Merry Maids and Studio 13 Creative Skin Design.
Third level retailers.
Someday this war's gonna end...
Naked short? Well, 5'10" might not be towering, but I've always thought of it as "average".
National health care isn't dead, however,it may be put off a while until politicians realize that they can get elected by delivering the reform the people want and deserve.
Hahaha! right!
Everything's fine at the mall, ( walks real fast toward already idling auto ) Everything's fine at the mall..............( sound fades into the distance )
Yalt wrote:
Okay. (Rummages around through the drawer) Here,... just sign on the line that says, "I am a sophisticated investor, or a pension fund manager."
Good grief, I step out for a minute to get my youngest down for a nap...
My solution for Greece is a new Gordian Knot....and more monkeys.
"Haven't you always wanted a monkey?"
traderwalt, ITS DEAD. Its not happening. I agree with you, this is one place where everyone in the US has been absolutely robbed blind. But nooooo, the hacks out there will scare people with terms like 'death panels' and Marxism. Tort reform is MANDATORY as well. But its clearly not going to go forward. It was killed with no hope of redemption. HR676 was written in 2007, I read it, it would have worked, it had broad bipartisan support.
Just standardization of billing would save untold BILLIONS/year...JUST THAT.
The lobbies for insurance, pharma and including the AMA are
just as powerful, maybe even more.
Citizen AllenM wrote:
The reits are gonna die on this stuff.
Yes, this is just what I see. I studied REITS for 1 year back in 1969-70. Then it was BK of the mortgage REIT's. My prof's thought I deserved very low marks as I was tasked to look at them not as businesses but as legal entities. I thought the prof's were nuts because the ponzi scheme of that moment was so assuredly going to collapse. Reality of course played out the multibillion dollar collapse. They still thought I missed the mark. I should'a been looking at them to see how to prosecute those who ran those REITs.
It would be smart for federal prosecuters to start now researching how to hang the boards of directors of the equity REIT's.because anyone who purchased anything, and they're obvious now, in the past 3 years deserves to be prosecuted for reckless disregard, and breach of fiduciary responsibilities to their shareholders. Boards and management. Get the tar and feathers. Get the rope.
Blockbuster to Close More Stores After An Awful Fourth Quarter - DailyFinance
Slumdog wrote:
Nothing has changed much, except the bezzle has gotten much bigger.
Someday this war's gonna end...
I am a musician and the monkey is a businessman. He doesn't tell me what to play, and I don't tell him what to do with his money.
"Haven't you always wanted a monkey?"
Weird. Had a dream about a monkey last night.
"Is there a tradeable volatility index based on leveraged ETF options? I want to buy calls on it."
I think I'll buy calls on those calls.
Was he on your back Pavel?
Slumdog wrote:
There's no money in "if." The "if" is a done deal. What makes the coinz! is the "when." Got any predictions?
shill wrote:
3,525 left to go. Nothing to see here that buggy manufacturers haven't seen before. Obsolete is obsolete.
Wrap it up and bury it.
Someday this war's gonna end...
sdtfs wrote:
Just be veeeery careful playing with the front month...jsut sayin'
1:05p
Direct bidders buy 17.2% of 7-year auction
Indirect bidders buy 40.3% of 7-year note sale
Bidders offer $2.98 for each $1 of 7-yr debt sold
Treasury sells $32 bln in 7-yr notes at 3.078%
wally wrote:
I'll straddle those calls on the calls.
Vonbek777 wrote:
One of my favorite Clouseau sequences.
Edit:OMG, it's a Wall Street and the SEC parable.
If I knew when the monkeys on Wall Street would notice money laying on the street, I would be far wealthier than I am.
Newton had a great quote about knowing the movement of the celestial spheres, but not knowing the madness of the crowds. I agree.
Someday this war's gonna end...
shill wrote:
Oh man, when the institutional holders get the secret bat signal that the party is over the exits are gonna get scary crowded.
km4 wrote:
He wants to pass something, anything, to get the credit but not do anything that will make any meaningful difference. Fakester ? May be . May be just another slick Willy!
Oxtail - nice catch.
Mr Slippery wrote:
Theme music:
YouTube - Iron Butterfly - In A Gadda Da Vida
Mr Slippery wrote:
Is there an ETF that tracks the volatility of that trade?
Citizen AllenM wrote:
Netflix gets this and is really pushing to get into the instant download. Not sure it will have a higher profit margin than mailing discs out, but would think it is highly likely.
I would actually think DVD rentals could still be a small niche market for convenience stores and the like. Doesn't take up much space and you already have the employees there on payroll.
Jesse's Café Américain: China to Purchase Remainder of IMF Gold Sale
Jesse chiming in about the ( Proposed ) China purchase from the IMF.....so this may have legs as far as validity.
And a shit load of Bagholders are going to get burned....
( Checks reinforcement of cave door )
Rob Dawg wrote:
And are there options on that ETF?
Was he on your back Pavel?
Hanging by a cord around my neck. Started as a lizard. Starting to write a poem:
Nothing has been solved,
The dying having died,
The stone around my neck
Has never been untied
Dissolution coming
Near enough to see,
An edge against the grain
Of good and evil’s tree
I need another power
To put the stone away,
Something quick and clever
Flesh instead of clay
When fear becomes forgiving
Around my neck I’ll drape
Something live and living,
A lizard or an ape...
I'm starting a pension fund. Do you know where I might buy these? They sound like they can't miss.
The 5 star resort I live close to has less than 20% occupancy this week.
mpthompson wrote:
I recommend Hoopajoops, they are much less complex.
Edit: See Hoopajoop | Hoocoodanode?
pavel.chichikov wrote:
We're channeling...monkeys and Gordian Knots indeed.
mpthompson wrote:
I'm retiring in a couple of years and need an investment vehicle that will let me rebuild my retirement funds quickly. Please let me know when your fund opens.
mhdoc wrote:
Invest in a Hummer. They are big enough to sleep in when you retire.
HIgher occupancy on lower prices.
Quelle suprise.
Sometimes I wish the schools would stop teaching economics. Price is not very inflential in deciding whether someone stays at a hotel.
Who woke up Timmah?
badger wrote:
Huh? It influences the desire & need to travel. It also affects how many rooms may be used during the night (double-up v. solo occupancy).
.
energyecon wrote:
Bond offerings are over so it is time to put the excess cash back into the market.
Chairman Dodd on “jingle mail” at StarkReports.com
Oh my
( Linked from KD's site )
badger wrote:
Somtimes I wish the schools would stop teaching art. How many people do you know make a living from being an artist, yet kids have 10 years of art. Maybe they should teach ponzi schemes instead.
Anyone know the current NAVs relative to price for GAZ and UNG?
greenchutes wrote:
7?
Elvis wrote:
They do. How else can sport budgets keep up with their expenses?
In some economic transactions there are many parts. Take a business travel example: I'm going to spend a day with a client in order to secure a $10,000 contract. Is the determining factor of whether I visit the client whether the room is $80 per night or $120 per night?
In leisure travel, does someone going to Disney World make their decision based on if the price is $180 per night or $200 per night?
LoserBeachBum wrote:
Micheal?
Too minimize expenses, all investments will be made through my personal PayPal account. Just add @gmail.com to my Hoocoodanode name and you'll know where to send all your retirement funds.
BTW, regarding hoopajoops, I came across the following in the perspectus:
Sounds a bit too risky to me. I think I'll stick with the AAA bonds from Nigeria and Zimbabwe that a kind son of a kidnapped banker emailed me about. At least until the derivatives described above become available.
greenchutes wrote:
here's One:
United States Natural Gas Fund
Elvis wrote:
And they aren't making any more of them!
traderwalt wrote:
Please stop saying insurance.
Comrade Kristina wrote:
I'll show you mine if you show me........
Thanks, SM. Only a nickel premium on that one, I think GAZ is at least two quarters still. UNG is an awesome equity - it typifies all that I love in America - natural bounty, fraud on a massive scale, and the chance to make a killing both ways.
Cinco-X wrote:
Ohhhhh the transparency! My eyes! My eyes!!!!!
badger wrote:
My decision is based upon whether they have mirrors on the ceiling or not.
Pavel,
One last on the monkey...had to check my dream journal, it has been awhile. Back in 2005, had a dream of 4 stone monkeys. Laid out like a compass. They were stones, but alive. The east, was See No Evil, the west was Hear No Evil. South was Speak No Evil. At the time I didn't know there was a fourth monkey, so I didn't understand the significance of the North monkey. But later research seems to suggest, Shizaru, Do No Evil. Anyway I was in the center and as I turned, the north faced monkey moved with me, and I couldn't escape him.
HomeGnome wrote:
Broward!?
DOs and DON'Ts - Vice Magazine
energyecon wrote:
He's definitely giving it the old college try. By college try, I mean waking up at 1PM and scrambling like mad to try and get caught up.
noob goldberg wrote:
I thought it was getting the hot girl really drunk.
Elvis wrote:
Reminds me of a saying back in the day at Ben Jones' HousingBubble Blog about the conventional wisdom (read: MSM mantra) about how housing would have a soft landing because people would pay their mortgage first and foremost, and would sacrifice car loans and credit cards before they would ever -- EVER -- even think about defaulting on their houses:
"You can sleep in your car, but you can't drive your house to work."
noob goldberg wrote:
Who woke up Timmah?
He's definitely giving it the old college try. By college try, I mean waking up at 1PM and scrambling like mad to try and get caught up.
10.2k will be their Maginot Line. It'll hold until it doesn't.
Elvis wrote:
1PM's a little early for that, even in college.
--- - .. ... .... . .-. - --.. wrote:
+1
Present health insurance does not even meet the proper definition of insurance.
The desired national health insurance is even further off.
Chart painting 11am
Inverted Hammer of Thor wrote:
But, if you don't have a job, you don't have to drive your house to work.
CaptainMorgan wrote:
Yet our elected representatives are having a big meeting in Washington on the subject, but don't get this.
The industry (and public) would be better off if health insurance was bifurcated into a 'maintentance' policy and a 'crisis' policy, especially for the under-50 set.
Rob Dawg wrote:
This is one impressive effort, I'll grant that. 90 point reversal, most of that in the last 15 minutes.
noob goldberg wrote:
Thinking like that is why you probably didn't have a incredible sex life in college.
Nanoo-Nanoo wrote:
NN,
There are so many nice things that could be done, one step at a time. We can only hope that we don't get the current bill, which was written by and for the present medical provider-insurance-pharmaceutical oligopoly, with requisite kickbacks for the pols who would deliver it.
greenchutes wrote:
Ahhh yes. The Charleton Heston, Edward G. Robinson two tier solution.
Elvis wrote:
How can anyone have an incredible sex life in college? College students are just out of their teens.
Rob Dawg wrote:
same old, same old - guessing the T sale for the day got done, so reverse the polarity and cross circuit to 'B'!
INO Equities Stocks Indexes - U.S $ INDEX (NYBOT:DX) Price Chart and Quote
mpthompson wrote:
Sadly our archaic regulatory system says that you can invest in these directly,...but you can invest in a fund that does; let me hook you up! Let's see,.. (still thumbing through the ol' Rolodex),...Madoff,...no,...Sanford,...no,...I'll have to get back to you.
Robinson is one of my favorite hollywood old-timers. Those movies have aged incredibly well.
noob goldberg wrote:
I am sorry about your college experience. It appears to have been lacking.
A friend of mine, went back to college when he was 35. He plans to never graduate.
yagij wrote:
Latest Sarah Palin Speech Opens Sixth Seal | The Onion - America's Finest News Source
Elvis wrote:
No argument there.
Elvis wrote:
Well, if no one has a job, I would think the car is still preferable. I don't remember anyone from Mad Max surviving the post-apocalyptic scavenger world by holing up their McMansion.
Vonbek777 wrote:
You keep getting older, and the girls all stay the same age.
Vonbek777 wrote:
Diplomas prove nothing.
Robinson, Bogart, and Bacall...Key Largo... family favorite.
Mining stocks decoupled from the S&P this morning. Just say'in.
Vonbek, I started to write some lines about compass directions before I read your post.
energyecon wrote:
Surely you jest. Rational investors took all recent news into account and adjusted their ideal portfolios to the tangent of their risk tolerance. What else could be going on?
Yancey Ward wrote:
I wonder how much is T-bill auctions and how much is a short squeeze?
noob goldberg wrote:
It seems incredible when you're just starting to get some-
Sustained recovery still in question: Bernanke The Fed - MarketWatch
I swear I don't read minds. Really. I can't see the future.
Men At Work-Who Can it Be Now
energyecon wrote:
"Obsession." One of the better "Shakesperian" episodes. S'course it was much sexier when Carrie-Anne Moss did it in "Red Planet" with the ship's computer "Lucille."
Elvis wrote:
Well, as they say: "Two most overrated things around, Mac Trucks and Teenage--- " well, this is a family site.
Most women don't know what they really want until they are 30.
"...until they are 30." Less a function of maturity than fast adjustment when they realize that their looks are fading and that they'll probably never find a spouse who can keep a job, much less take care of them and/or potential offspring.
The same holds true for many men with marketing degrees around that age, as well, that have gotten by on personal charm.
greenchutes wrote:
Jobs are for suckers. Who needs to work when you can bando for free and unemployment benefits are extended indefinitely? A life of Oprah, government cheese, and moonshine is a sweet life to me.
All I can say is find a woman who likes sex and is comfortable with biology. Sex has definitely been better with age.
Vonbek777 wrote:
If you think it is better with age, try it with contortionists.
Not interested. I know my wife. She knows me. We fit.
Elvis wrote:
I suggest a Motorcoach. If you hurry, their trade show National Motorcoach Association, is at the central hall in Las Vegas, probably concluding today or tomorrow. So, do rush on over.
Vonbek777 wrote:
Wii Fit will eventually include Wii Sex. But I imagine the real thing will always be better. Especially if there are contortionists involved.