Housing: Price-to-Rent Ratio

Must be double-bottoming.

I like big bottoms and I cannot lie...

Fannie Mae answered questions regarding its new "Alternative Modification" to the Home Affordable Modification Program (HAMP). As a refresher, it is for borrowers who were accepted into a HAMP trial period plan before 3/1 but were subsequently denied a permanent modification because of eligibility restrictions. Check out the information, scripts, policies and servicer procedures at

Alternative Modification

you still can't buy multiunit buildings in my area anywhere near a price that would be positive cashflow.

Quadruple witching day in the midst of wondering how many banks go down during the Bair which project...

Give me a double doom on the rocks, barkeep

if we were serious about financial reform ( which of course we are not) a good place would be to provide some regulator with the authority to mandate minimum equity level in MBS pools. If house prices increased faster than income the regulator would mandate that new MBS have higher capital thus slowing the flow of money into the housing market and vice versa.

I think it's still this measure is still way off. With the prices artificially propped up from ZIRP and all the other federal policies, rents are artificially inflated as well. Until home prices are returned to a sane point we can't really say if price-to-rent is back to historical norms.

Reaching the bottom is a good thing (and did not require a single bulldozer to be fired up).

The problem is that I think a lot of MBS has been put in stasis due to low interest rates (which makes carrying costs virtually zero). I assume that there is an expectation that it'll recover sharply, and that's what'll bail out financial institutions and homeowners.

So if the market stays flat from here, or interest rates rise and make carrying those losses uneconomic, we're in just as much of a pickle as before. Does that sound right, or am I missing something?

Now we have a recent quote to go along with the awesome one from Depression 1


"The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn’t work, quadrupling it won’t work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile."
- Rep. Ron Paul (R-TX), from a recent hearing of the House Financial Services Committee hearing.


"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". -- Congressman Louis T. McFadden


Citing the Fed chairman's objection to allowing any oversight of its activities, Rep. Paul asked if the Congress could perhaps be allowed to go back 10 years and open the bank's books, to study how the institution operated.

"Would you like to know ... what kind of shenanigans they're involved in with foreign countries and foreign central banks?" he asked. "Possibly, you're working right now to bail out Greece, for all we know."

"I have no knowledge of anything remotely like what you've just described," Bernanke replied. Im shocked, shocked to find that gambling is going on in here!

BB doesn't believe in Black Swan

UFC 86

Krugman Vs. Roach in mixed financial martial-law arts, live from the octogone

44.95 RMB Pay-Per-View

Juvenal Delinquent (profile) wrote on Fri, 3/19/2010 - 10:14 am

Colbert was on fire last night and utterly destroyed Republican Strategist Mary Matalin towards the end of their conversation, when she tried to impress his audience and the world of Darth Cheney's accomplishments, and after she had prattled on about what the veep had done, she asked if there was anybody else with a similar resume?
...and then Stephen said just 2 words "Donald Rumsfeld"

Gotta link?

But it does appear that prices are much closer to the bottom than the top.

But for reference, we're at the 88 peak. Those of us who had our first apts around 86 do not remember the time as particularly rationally priced.

Whoa, slow down there, Elmo!. Where's the FIRE?

They extended my rent by another 6 months. Same--what they considered low--price.
The owners think this will be over in another 6 months???? Leasing agent shrugged.
3 months over, things not better.

Oh and neither the rehab place nor the hospital ever saw a piece of paper or plastic they didn't want to use for a milisecond and then dump on the land fill.

,rad Xinco,

...thanks to the miracle of the intertubes, yes

Full Episode | March 18, 2010 - Mary Matalin | Colbert Report (watch the whole show, I dare ya)

Yick.

Metropolitan Area Employment and Unemployment Summary

Unemployment rates were higher in January than a year earlier in 363 of
the 372 metropolitan areas, lower in 7 areas, and unchanged in 2 areas,
the U.S. Bureau of Labor Statistics reported today. Thirty-five areas
recorded jobless rates of at least 15.0 percent

CR: "This suggests that house prices are still a little too high on a national basis."

I would suggest that this graph by itself does not imply anything. Both the house prices and rents are variables, and they are correlated; they can go up or down in tandem without altering the ratio.

There must be a deeper meaning to this "ratio" that I'm missing.

It is the bottom on home prices until it isn't. If there is a loss in gov't incentives, this will be the artificial bottom. The next bottom will considerably lower. Poof. There goes all that "no money down" down payment from the FHA loans. The new buyer defaults and the taxpayer is stuck yet again. Thank you, irresponsible politicians. By the way, it is about time to give homebuilders more bailout money, don't you think. We must save the homebuilders, because the start-up costs to become a homebuilder are so high. Or maybe they aren't.

EDIT: I don't think we are anywhere near the bottom in non-conforming loan required home prices.

Let me see if I can get this straight.....We almost had a global collapse because banks didn't have enough to cover "fractional reserve banking" rules so now BB wants to remove the rules.

And this assclown was re-appointed by our lame ass Congressiters because they only care about
1) getting money from corptocracy and
2) getting re-elected.

It appears America is on it's way to becoming biggest banana republic !

Juvenal Delinquent wrote:

Krugman Vs. Roach in mixed financial martial-law arts, live from the octogone

I don't want to see either of them running around in shorts topless, with sweat glistening through matted chest hair.

(shudder)

Don't worry bankers, we got your back.

Tiff over punk staffers as bank reform vote nears
| Reuters

White House economic adviser Larry Summers and other Democrats criticized remarks made by House Republican Leader John Boehner, who told hundreds of bankers at a conference to be tough when lobbying against reform on Capitol Hill.

"Don't let those little punk staffers take advantage of you and stand up for yourselves," Boehner said on Wednesday.

Juvenal Delinquent wrote:

Give me a double doom on the rocks, barkeep

Be grateful you don't have a multi unit here:
UPDATE 1-Kansai to shut reactor manually later on Friday
| Reuters

And this assclown was re-appointed by our lame ass Congressiters because they only care about
1) getting money from corptocracy and
2) getting re-elected.

It appears America is on it's way to becoming biggest banana republic !

TIME man of the year!

http://raymondpronk.files.wordpress.com/2009/12/ben_bernanke_time.jpg

In: Getting out of dollar-denominated investments

Out: Doing nothing about it

Juvenal Delinquent wrote:

rad Xinco,
...thanks to the miracle of the intertubes, yes
Full Episode | March 18, 2010 - Mary Matalin | Colbert Report (watch the whole show, I dare ya)

Not a fan of Matalin nor here husband. If Colbert is who think he is, I'm not much of a fan of him either. As such, while I could watch the whole thing, I'll probably just try to catch the Matalin "bitch slap" and leave it at that......unless you want to "pay" me to watch it Wink

Pigged

Roach may regret his choice of words (who knows), but Krugman's quoted response was weak:

“What I said is actually based on pretty careful economic analysis. We have a world economy which is depressed by China artificially keeping its currency undervalued.”

Who cares how careful his analysis was? He didn't adequately explain how China's currency manipulation is any worse the US manipulation. You can't, not possible. I'm glad to see American analysts (Mundell, Columbia, also just now) calling BS.

km4 wrote:

It appears America is on it's way to becoming biggest banana republic !

On it's way? You should get out more---

I looked at a local (Oxnard) decaplex on my blog: Exurban Nation: GRM 13.8

Best estimate is that the asking price is still 40% above cash flow neutral. GRM of 13.8? Fuggedaboutit.

BTW, I've been keeping an eye on low end property here in the Boston Metro-West area and beyond, and I'm starting to see a number of properties increase their asking prices, probably in anticipation of the Spring selling season.

Outsider wrote:

Thirty-five areas
recorded jobless rates of at least 15.0 percent

And that is just for the strippers.

CR said...

This suggests that house prices are still a little too high on a national basis. But it does appear that prices are much closer to the bottom than the top.

I generally agree but would like to see more evidence price to incomes agree as well. If price to rent is okay but both rent to income and price to income are still out of whack then both have to correct more as well. It isn't just rents supporting house prices. I know you've covered that pretty heavily with discussions on 'household formation' being constrained by job loss - but this particular metric [P2R] doesn't catch any of that dynamic.

BTW in my area I think price to income is back in line - I'm consistently hearing 2:1 or at most 3:1 pretty much everywhere in my neighborhood [median price 2X or 3X median incomes]. But then flyover doesn't have beaches.

noob goldberg wrote:

So if the market stays flat from here, or interest rates rise and make carrying those losses uneconomic, we're in just as much of a pickle as before. Does that sound right, or am I missing something?

@noob. Left you a reply in the Pigged thread

Comment by Mike in Long Island from thread 'Rents Expected to decline through 2011 in Seattle'

China tells Washington to cool yuan pressure - Yahoo! Finance

BEIJING (AP) -- China is sending a Cabinet official to Washington in a bid to defuse trade tensions, the government said Friday, as it called on U.S. leaders to cool the "politicization and emotionalization" of a currency dispute.

A deputy commerce minister, Zhong Shan, will go to Washington on Wednesday to meet with American trade, commerce and Treasury officials and members of Congress, the Commerce Ministry said. It said they would discuss the Sino-U.S. trade gap and trade disputes.

Beijing faces demands by some U.S. lawmakers for President Barack Obama to have China declared a currency manipulator in a Treasury Department report due out next month. That could set the stage for possible trade sanctions.

Critics say China's yuan is undervalued by up to 40 percent, giving its exporters an unfair advantage and swelling its trade surplus.....

But then flyover doesn't have beaches.

Don't you have 10,000 lakes?

...sticking one's head in the ground is good if one is an emu or an anteater, but it doesn't look good on you.

noob goldberg wrote:

Does that sound right, or am I missing something?

........you're only missing the immensely increased debt on all levels and areas which further guarantees stagnancy (at best) - hence, BIGGER pickle.

dryfly wrote:

If price to rent is okay but both rent to income and price to income are still out of whack then both have to correct more as well. It isn't just rents supporting house prices. I know you've covered that pretty heavily with discussions on 'household formation' being constrained by job loss - but this particular metric [P2R] doesn't catch any of that dynamic.

dryfly, thanks.

The Bonddad Blog: A Closer Look at Initial Unemployment Claims

In other words, initial jobless claims above 400,000 is not fatal to a recovery. But, a continuing period over 400,000 is probably confirmation of a "jobless" recovery. This is consistent with where job losses are occurring -- over 70% of total job losses are in manufacturing (where automation is replacing employees) and construction (thanks to the housing correction). In short, there is little reason to see strong improvement in the areas where we've seen massive job losses.

I think this one falls under the tag Duh. Lets look forward to the new norm in unemployment levels.

Juvenal Delinquent wrote:

...sticking one's head in the ground is good if one is an emu or an anteater, but it doesn't look good on you.

Mind telling me WHY I should watch the whole thing? I've got stuff to do-

,rad Xinco,

You goof off a good part of the day on here, and then plead you have no time to watch mirth?

@adornosghost (profile) wrote (in reply to...) on Fri, 3/19/2010 - 7:41 am
reply ignore user
km4 wrote: It appears America is on it's way to becoming biggest banana republic !
On it's way? You should get out more---

Well I still have a toke of Currently Smoking Cannibis and Hopium occasionally Big smile

Pigged

JPM's balance sheet is so opaque that whether the Repo 105's they used were properly reported or not I doubt means much to the greater issue of whether they also hid leverage, and are still at risk.

Outsider wrote:

Yick.
Metropolitan Area Employment and Unemployment Summary

Those are some pretty ugly numbers - the metro regions around me are already running 6.5-7.5%... pretty high by historical measures.

When people who have defaulted on their mortage are still living in their homes three years or more later, how can anybody make a plausible argument that home prices are appropriately priced right now? The oversupply is so vast.

You know what this demanding that China raise the value of their currency gambit is all about?

The Chinese are obviously not going to do anything of the sort, but it allows cover for Obamachev & Co. when we devalue the dollar, nothing more.

Who cares how careful his analysis was?

Speaking of 'careful' analysis I would LOVE to see the math behind Hank Paulson's claim of 25% UE if TARP not passed.

The housing supply is a 3,500,000 pound anchor attached to the 10,000 pound tugboat known as the US economy.

black dog wrote:

I would LOVE to see the math behind Hank Paulson's claim of 25% UE if TARP not passed.

Satanson doesn't use math. He uses evil. Don't purposely go looking for evil.

Currency manipulation helps the cronies of central banks in China, the US, and any other issuers. It hurts honest producers, consumers, and savers of value who trade in the currencies but can't rely on them as a store and measure of value.

It's that simple. End the Fed.

Open source "hard" currenc[ies] would reduce transaction costs (especially currency risk) and raise net global wealth.

Mike in Long Island wrote:

@noob. Left you a reply in the Pigged thread

Nice explanation, Mike. So am I right to assume that the volume flood at 9:30 reflected a number of traders dumping their hedges to match the expiration time for each stock?. I had it in my mind that it simply reflected some sort of swap behaviour or something, but your explanation makes infinitely more sense Smile

black dog wrote:

I would LOVE to see the math behind Hank Paulson's claim of 25% UE if TARP not passed.

Could he have been thinking of U6? Wink
Which has been at 22% with TARP

1 currency now -yogi wrote:

It's that simple. End the Fed.

End world hunger. Kill hungry people. Problem solved.

World hunger was not created by Statute.

Elvis wrote:

When people who have defaulted on their mortage are still living in their homes three years or more later, how can anybody make a plausible argument that home prices are appropriately priced right now?

You've been here for almost 3 years, Elvis, and I'm sure you've witnessed your fair share of incoherent arguments. Just add this one to the list.

1 currency now -yogi wrote:

World hunger was not created by Statute.

I don't care. Let's kill the hungry people. I'm tired of beggars. Problem solved.

josap wrote:

Which has been at 22% with TARP

The extra 3% would have been Wall Street bankers, which actually would have been a net benefit to society.

y'all me thinks 0 reserves are all ready in place,via "W"/paulsons tarp. so why is bb talking about it now, unless they are doing it?

and jd youre right Red Herring Red Herring
and i must add RICO RICO RICO

noob goldberg wrote:

You've been here for almost 3 years, Elvis, and I'm sure you've witnessed your fair share of incoherent arguments. Just add this one to the list.

If it doesn't make sense to you, I am comforted by that.

HP Loancraft wrote a 3 page tale of the horrors that faced the country if we didn't give the Unabankers an advance of $700 Billion, but his editors rejected it as being a short-story, so a few days later HP resubmitted a 451 page tome asking for $87 Billion more, and that did the trick...

noob goldberg wrote:

Nice explanation, Mike. So am I right to assume that the volume flood at 9:30 reflected a number of traders dumping their hedges to match the expiration time for each stock?.

That or my sell order hit the tape. Dammit! I told those guys to cross that at the end of the day after hours to avoid attention. Idiots.

Juvenal Delinquent wrote:

The Chinese are obviously not going to do anything of the sort, but it allows cover for Obamachev & Co. when we devalue the dollar, nothing more.

This isn't 1932. We can't 'devalue' - no mechanism to do it - it's set by the forex and nothing else... and the Chinese are the ones manipulating that. All we can do is print so the Chinese have to buy a LOT more dollar assets to maintain same peg.

If I were O I'd just shut up about it and get to work - they know what to do. Chinese would either come around or be buried - their choice.

Of course that creates some problems for us too - like $10/gal gas. But just like the Chinese can't have it both ways [can't keep their reserve values AND their on going surpluses to us - one has to give]... we can't have it both ways either [strong dollar & high incomes & purchasing power AND balance of trade & shrinking deficits]... something has to give.

They both know what they have to do. Just not pretty and will be very unpopular both sides of the pond.

Meanwhile...
Got Popcorn?

Dodd’s Chief Counsel Bought Financial Stocks During 2008 Crisis - BusinessWeek

What's most curious is she managed to buy only the financial companies that were bailed out and managed to stay away from those that weren't, namely, Bear Stearns and Lehman.

No question she acted on her inside view, a totally sleazeball act.

EPJ

Elvis wrote:

If it doesn't make sense to you, I am comforted by that.

Uh oh. I was agreeing with you.

Now we're in trouble.

Mike in Long Island wrote:

That or my sell order hit the tape. Dammit! I told those guys to cross that at the end of the day after hours to avoid attention. Idiots.

Quit playing with your SRS. It'll make you go blind.

Not a fan of Matalin nor here husband. If Colbert is who think he is, I'm not much of a fan of him either

Colbert is a parody of bill o'reilly. Now there's an episode to watch, when o'reilly was a guest on colbert's show (if you want to google it, try 'papa bear' and colbert).

Since 1945, the USA has been able to have it's cake, and eat it too.

...things change

Elvis wrote:
When people who have defaulted on their mortage are still living in their homes three years or more later, how can anybody make a plausible argument that home prices are appropriately priced right now? The oversupply is so vast.
People will do and say almost anything if it means keeping their lucrative livelihood or industry alive. Can't say there is anything wrong with that, but it does result in lots of bloviated tragicomic relief.

noob goldberg wrote:

Now we're in trouble.

I'm blaming you. You are the one in trouble. I did nothing.

Juvenal Delinquent wrote:

Since 1945, the USA has been able to have it's cake, and eat it too.

Sounds like Barney Frank. But his is beefcake.

shill wrote:

Dodd’s Chief Counsel Bought Financial Stocks During 2008 Crisis - BusinessWeek

What's most curious is she managed to buy only the financial companies that were bailed out and managed to stay away from those that weren't, namely, Bear Stearns and Lehman.

No question she acted on her inside view, a totally sleazeball act.

EPJ

From the article: "Friend’s combined financial investments constituted less than 2 percent of her liquid assets"
"For example, when she bought Bank of America on Feb. 20, its closing share price was $42.97. She acquired additional shares on May 27, when the closing price was $34.17. It was $17.03 a share at yesterday’s close. Friend purchased AIG on Aug. 12 when its closing share price was $457. About a month later, the firm received an $85 billion loan from the Federal Reserve, the first of several bailouts. AIG shares closed yesterday at $33.61 a share."

Looks like she didn't do very well, nor invest very much. It's not like she was out getting rich(er) on inside information.

p.s.

If PK was really a mensch, he'd allow comments on everything he utters on his blog, but he doesn't.

Elvis wrote:

I'm blaming you. You are the one in trouble. I did nothing.

You sound like my boss.

Juvenal Delinquent wrote:

You goof off a good part of the day on here, and then plead you have no time to watch mirth?

Deadlines coming up. As long as I meet those.........

By not subscribing to cable, or satellite, or anything having to do with the "high points" of current TV programs, if THAT is the "Colbert" that everyone here raves about, I think I just don't get it. He was as funny and witty as watching dog turds solidify while drying in the sun - what a destroyer of the most limited valued commodity we have, time.

js esq. wrote:

Looks like she didn't do very well

She invests like a lawyer. Makes sense.

APPEALS COURT UPHOLDS BLOOMBERG FOIA REQUEST TO FED
(so excited I put it on wrong thread)

12th Percentile wrote:

Don't you have 10,000 lakes?

And 100,000,000 mosquitoes.

Seriously though, we here in flyover land would like the folks on both coasts to think we have no natural beauty. We rather like not dealing with the crowds in the summer.
Best Great Lakes beaches (lakefronts) - SkyscraperPage Forum

js esq. wrote:

Looks like she didn't do very well, nor invest very much. It's not like she was out getting rich(er) on inside information.

Profit or loss does not preclude you from having been deemed to trade on inside information. If she used her position and was in possession of information that was not publically known at th time it may in not be a violation of insider trading but it is very, very questionable ethics.

But since amorality is the new ethical guideline who gives a flying phuck. Right?

Juvenal Delinquent wrote:

You know what this demanding that China raise the value of their currency gambit is all about?
The Chinese are obviously not going to do anything of the sort, but it allows cover for Obamachev & Co. when we devalue the dollar, nothing more.

Not true; BHO et al would love to devalue the USD w/ respect to the Yuan, but they can't as long as the Middle Kingdom keeps buying our debt. China's intervention in the currency markets is just as bad as any other government intervention in the markets....bad for us anyway-

I assume the Fed will appeal to the S.Ct. but this is sensational news for maintaining Constitutional democracy in the US.

Can't be underestimated.

Black Star Ranch wrote:

what a destroyer of the most limited valued commodity we have, time.

Not if you are getting unlimited unemployment checks and free gov't cheese. Time is ample just like Oprah's pants.

Perhaps you are more accustomed the the evang-licans endlessly repeating the same tortured pablum ad nauseum, so I can understand where you are coming from.

Black Star Ranch wrote:

He was as funny and witty as watching dog turds solidify while drying in the sun

In that case, you might need to adjust your humor meter. Colbert and Stewart are one of the few shows left worth watching on the tube.

Dodd's Chief Counsel

I prefer Friend of Angelo's Chief Counsel.

Chicago Dude wrote:

would like the folks on both coasts to think we have no natural beauty

You have some natural beauty. Unfortunately it is smoothered in brutal humidity in the summer and illegal cold in the winter.

By not subscribing to cable, or satellite, or anything having to do with the "high points" of current TV programs, if THAT is the "Colbert" that everyone here raves about, I think I just don't get it. He was as funny and witty as watching dog turds solidify while drying in the sun - what a destroyer of the most limited valued commodity we have, time.

Harry Callahan: Listen, punk. To me you're nothin' but dogshit, you understand? And a lot of things can happen to dogshit. It can be scraped up with a shovel off the ground. It can dry up and blow away in the wind. Or it can be stepped on and squashed. So take my advice and be careful where the dog shits ya!

Big smile

Black Star Ranch wrote:

By not subscribing to cable, or satellite, or anything having to do with the "high points" of current TV programs, if THAT is the "Colbert" that everyone here raves about, I think I just don't get it. He was as funny and witty as watching dog turds solidify while drying in the sun - what a destroyer of the most limited valued commodity we have, time.

Laughing out loud Laughing out loud Laughing out loud Laughing out loud Laughing out loud Laughing out loud Laughing out loud Laughing out loud Laughing out loud Laughing out loud !

Juvenal Delinquent wrote:

Since 1945, the USA has been able to have it's cake, and eat it too.
...things change

Amen.

1 currency now -yogi wrote:

APPEALS COURT UPHOLDS BLOOMBERG FOIA REQUEST TO FED

Oh, joy. Watch the market chew on the data once it's out. We can only imagine right now what kind of junk they bought up in order to prop up the market.

Juvenal Delinquent wrote:

Perhaps you are more accustomed the the evang-licans endlessly repeating the same tortured pablum ad nauseum, so I can understand where you are coming from.

You're probably a fan of "Keith Olbermann", huh?

No0B,
What the volume on the big board today?

Olbermann is smart intellectual angry, and i'm more into nuanced humor that belittles it's target with pinprick precision, but that's me.

The Lorax wrote:

Oh, joy. Watch the market chew on the data once it's out. We can only imagine right now what kind of junk they bought up in order to prop up the market.

I assume State Secrets Privilege would be invoked before it is ever allowed to see the light of day.

Hey noob!

This one's for you

Dealer resistance to OTC reporting 'driven by profit motive', says CFTC - Risk.net

"Senior derivatives desk heads at major dealers have said that, while they support regulatory reporting through trade repositories to reduce systemic risk, they will fight any moves to report trades to a public venue in real time because of the potential effect on liquidity. If a dealer undertakes a large client trade that is publicly reported for example, there is a fear the market could then move against the position, making it more expensive to hedge."

No0B,
What the volume on the big board today?

Cinco.................1 Wink

Cinco-X wrote:

What the volume on the big board today?

I've only got the Dow open, but since I didn't open it until 10AM I missed what the opening Opex volume was. Current volume is 236 million, but probably 170 million of that occurred at 9:30.

Mike in Long Island wrote:
But since amorality is the new ethical guideline who gives a flying phuck. Right?
Humanity,
Your new moral guideline is to get and keep as much money as possible through any and all possible means. You can earn it, inherit it, or steal it; I really don't care. I will reward you handsomely with more money, sweet cribs, and plenty of supermodels to No one 17 and under admitted if you succeed in executing My will.
KTHXBAI
Your Friend, Satan

Chicago Dude wrote:

12th Percentile wrote:
Don't you have 10,000 lakes?
And 100,000,000 mosquitoes.
Seriously though, we here in flyover land would like the folks on both coasts to think we have no natural beauty. We rather like not dealing with the crowds in the summer.
Best Great Lakes beaches (lakefronts) - SkyscraperPage Forum

I'm a ten minute walk from the Mississippi River so I get to see & experience water. My wife grew up a ten minute walk from Lake Michigan beaches... very nice ones at that... But neither the river nor the lake are anywhere near as nice as ocean beach [in most cases]. Interesting [especially the river & back waters - eagles galore]... but not as 'nice'. Just sayin'...

Mike in Long Island wrote:

Profit or loss does not preclude you from having been deemed to trade on inside information. If she used her position and was in possession of information that was not publically known at th time it may in not be a violation of insider trading but it is very, very questionable ethics.

Yes, I have a basic understanding of securities law (editor of financial journal in law school), but it's not my practice area. It's just hard to believe someone who bought AIG at $457 was acting on inside information.

He was as funny and witty as watching dog turds solidify while drying in the sun - what a destroyer of the most limited valued commodity we have, time

Even if you don't agree with those guys, they are both pretty damn witty and funny.

Mike in Long Island wrote:

Dealer resistance to OTC reporting 'driven by profit motive', says CFTC - Risk.net

Awesome, thanks Mike! With quotes like this, Gensler is really starting to grow on me:

"Financial firms have an information advantage right now in these opaque markets and they are wary to give that up. I respect that, but it doesn't mean that system is in the best interests of the public. They are focused on their revenues and profits, and they would like not to shift some of this information advantage. But don't mistake it; this is also the group that nearly drove us off the cliff," said Gensler in a press conference after his address.

Irvine Housing Blog - Irvine Real Estate and Irvine Homes - Why Do Struggling Homeowners Keep Paying Their Mortgages?

" It really makes me pause and wonder why any struggling homeowners make their payments. They have much to gain and little to lose. If they stop paying, it frees up thousands of dollars of income each month. That is, after all, why people want to pay off their house, so they don't have a payment. If homeowners simply stop paying now, they will still have a house, and they will not have a payment. It is just as useful as having the house paid off, it is much easier to accomplish, and it requires no patience or discipline -- we wouldn't want to burden mortgage holders with that.

Absent false hope and faith in the miraculous recovery, there isn't much reason to hold on. Many homedebtors simply can't afford the properties they have. If they stop paying, the lender will not boot them out; they can dance with lenders indefinitely, and when those ploys run out, they can game the system further. If enough people dance at the same time, lenders will fear stopping the music, and shadow inventory will cover the land. "

Housing prices won't be low enough until an average family's income can cover an average house payment. And have money left over for a life. Of course with utilities, gas and food prices rising, the amount avaliable for housing will go down.

Wages are dropping.

Prices for the things you need are increasing.

Mike in Long Island wrote:

If a dealer undertakes a large client trade that is publicly reported for example, there is a fear the market could then move against the position, making it more expensive to hedge."

HAHAHAHAHAHAHA! They don't want anyone to know when they're cornering a market! It's the reason we made all of those disclosure rules for the futures market to begin with!

You're probably a fan of "Keith Olbermann", huh?

I was a fan of Olbermann as a sportscaster. He should have stayed a forecaster.......I was also a fan of dennis miller. He should have stayed a comedian.

noob goldberg wrote:
"Financial firms have an information advantage right now in these opaque markets and they are wary to give that up
Proved yet again -- "Experts agree that free money is the best kind."

Olbermann is smart intellectual angry, and i'm more into nuanced humor that belittles it's target with pinprick precision, but that's me.

Yes, that is you.

Black Star Ranch wrote:

He was as funny and witty as watching dog turds solidify while drying in the sun

As a point of calibration: What recent movies do you find funny?

Edit: Full disclosure- Jon Stewart brought me back to watching TV after almost 2 decades without it.

ghostfaceinvestah wrote:

If enough people dance at the same time, lenders will fear stopping the music, and shadow inventory will cover the land. "

Shadow inventory already does cover the land, but he makes the rational and reasonable argument. Free housing like free cheese is good.

Isn't it about time for the Slumster to appear and explain how come In glod we trust is down, and how come I'm not dead from Pigged flu yet?

noob goldberg wrote:

I assume State Secrets Privilege would be invoked before it is ever allowed to see the light of day.

The Fed is independent, and as such isn't regulated by the Freedom of Information Act. Hmmm......I wonder if that has had a bearing on how Dodd, et al have tried to restructure the finance industry?

Uncle Ar wrote:

I was also a fan of dennis miller. He should have stayed a comedian.

Miller just lost it after 9/11. Went from funny and insightful to a ranting xenophobe.

ghostfaceinvestah wrote:

Irvine Housing Blog - Irvine Real Estate and Irvine Homes - Why Do Struggling Homeowners Keep Paying Their Mortgages?

Being a former Irvine resident, I'm quite baffled myself. The place is such a distopian nightmare, it is one of the few places where you need to actually know your address, as everything looks the same.

Personally, I don't really understand the appeal of Olberman. I can't help but feel it's the same sort of thing as the appeal of Sarah Palin -- Making the right sort of noise that gives people the opportunity to shout yeah. I expect that both of them get paid more than I do, so what do I know.

js esq. wrote:

Yes, I have a basic understanding of securities law (editor of financial journal in law school), but it's not my practice area. It's just hard to believe someone who bought AIG at $457 was acting on inside information.

You are clearly missing my point. Insider trading has nothing to do with this. This has to do with ethics - the ethics of someone with a privileged position vis a vis others that uses non-public information to make investments. It is ethically wrong for the staffer of an elected official to do so. They should be banned from investing in anything other than a blind trust.

While what she did was not insider trading and not illegal does not change the fact that it was ethically wrong to do so. The fact that you can't see that, well 'nuf said. Too much of society today would find no fault with what she did. That is the root of many of the problems we are facing today.

dryfly wrote:

I'm a ten minute walk from the Mississippi River so I get to see & experience water. My wife grew up a ten minute walk from Lake Michigan beaches... very nice ones at that... But neither the river nor the lake are anywhere near as nice as ocean beach [in most cases]. Interesting [especially the river & back waters - eagles galore]... but not as 'nice'. Just sayin'...

My kids lover the Chicago beaches on Lake Michigan, but since they're accustomed to the beaches on Cape Cod, Lake Michigan seemed tropical by comparison in August-

Obama: "Insurers will 'run wild' if vote fails"

Sick

FOIA decision opening the Fed's books is possibly an enormous game changer.

Green Shoots Green Shoots Green Shoots Hopium

Uncle Ar wrote:

I was a fan of Olbermann as a sportscaster. He should have stayed a forecaster.......I was also a fan of dennis miller. He should have stayed a comedian.

I think that the market forced him back into comedy-

js esq. wrote:

Miller just lost it after 9/11. Went from funny and insightful to a ranting xenophobe.

It's hard being a wingnut comedian, as no one can differentiate the jokes from serious statements, as they are seamless, and serious and wingnut are oxymoron's.

ghostfaceinvestah wrote:

Why Do Struggling Homeowners Keep Paying Their Mortgages?

Half of Phx metro area and the outlaying burbs should have walked away a couple of years ago. The walk away meme is really picking up steam here as people realize they will never get to par in thier life times, jobs disapear, wages go lower and recasts hit. In addition the lenders don't want to deal with underwater properties for any kind of mod or workout.

I guess we'd have to define 'run wild'...

Would up to a 39% increase last month in California rate, or is it just small potatoes?

1 currency now -yogi wrote:

possibly an enormous game changer.

Like putting the Fridge in the backfield.

Pep rally in progress! Not surprised as many can't analyze real news from comedy. Will Rogers was probably thought provoking but not a source of news.

NateTG wrote:

Personally, I don't really understand the appeal of Olberman. I can't help but feel it's the same sort of thing as the appeal of Sarah Palin

Palin is attractive AND funny, whether she means to be or not. Olbermann is neither-

Cinco wrote:

The Fed is independent, and as such isn't regulated by the Freedom of Information Act.

Not true.

shill wrote:

Obama: "Insurers will 'run wild' if vote fails"

What is with that guys obsession with health care? It smacks of a sick mind. Record number Americans on food stamps, highest unemployment since the GD, 7.5M delinquent mortgages, and he concentrates on health care?

There is something seriously wrong with that guy.

,rad Xinco,

We are learning a little too much about you this morning...

adornosghost wrote:

It's hard being a wingnut comedian, as no one can differentiate the jokes from serious statements, as they are seamless, and serious and wingnut are oxymoron's.

Substitute nut-roots for wing-nut, and the statement still holds true......

Cinco-X wrote:

Palin is attractive AND funny, whether she means to be or not.

And a good shot. Moose Burgers with cheese whiz anyone?

What is with that guys obsession with health care? It smacks of a sick mind. Record number Americans on food stamps, highest unemployment since the GD, 7.5M delinquent mortgages, and he concentrates on health care?

There is something seriously wrong with that guy.

Scan the bill GF, it's not about health care at all, it's about TAX INCREASES!...You know the old adage.." Read My Lips "

The Fed is not independent. It claims the need for independence, just like The President when trying to abuse power.

The Fed is governed by FOIA.

Juvenal Delinquent wrote:

...was the Fridge from Mexico?

Perhaps. Inside the Fridge is important information related to the manipulation of financial markets. Perhaps Barney Frank can get inside the Fridge and reveal this to us.

Mike in Long Island wrote:

You are clearly missing my point. Insider trading has nothing to do with this. This has to do with ethics - the ethics of someone with a privileged position vis a vis others that uses non-public information to make investments. It is ethically wrong for the staffer of an elected official to do so. They should be banned from investing in anything other than a blind trust.

While what she did was not insider trading and not illegal does not change the fact that it was ethically wrong to do so. The fact that you can't see that, well 'nuf said. Too much of society today would find no fault with what she did. That is the root of many of the problems we are facing today.

Thank you for telling me what I can and cannot see. I agree that allowing investing only in blind trusts is a better option, but that's not the current rules in the Senate. What she did is (yes, I realize the irony) considered ethical for Senate staffers. We should change the rules, not castigate her for a collection of purchases that total less than 2% of her liquid assets.

I disagree, though, that this is the root of many problems we face today. I think the problems go much deeper, and this is merely an inconsequential byproduct.

I'm curious what happens when they ever call people who have quit paying their mortgage and ask them what they think the Owner's Equivalent Rent (OER) is. Did that fantasy number change up or down?

shill wrote:

it's not about health care

No, it's about keeping the revenue stream for the Insurance Companies, without completely killing the public.
It won't turn out well.

As the hoi ploy hears more and more about other hoi ploy that have lived for free for a couple years in their homes, is when the Bando Brothers move in on those 20 million or so empty domiciles, it's a given.

adornosghost wrote:

No, it's about keeping the revenue stream for the Insurance Companies, without completely killing the public.
It won't turn out well.

Yup.

1 currency now -yogi wrote:

The Fed is not independent. It claims the need for independence, just like The President when trying to abuse power.

The Fed is governed by FOIA.

Even if it were independent, which it is not, the basic fact that they are spending taxpayer money requires some level of disclosure of how it's spent.

Juvenal Delinquent wrote:
As the hoi ploy hears more and more about other hoi ploy that have lived for free for a couple years in their homes, is when the Bando Brothers move in on those 20 million or so empty domiciles, it's a given.
Coming soon to an overvalued housing community near you: BandoVilles!

Juvenal Delinquent wrote:

Would up to a 39% increase last month in California rate, or is it just small potatoes?

We had a similar but larger increase for some Tufts customers here in MA over the last month or so, and we already have universal health care. Additionally, I doubt that the MA bill had anywhere near the industry lobbying on it that the federal plan did. As such, expect that CA scenario to take place country wide; the bill was written by the industry after all.
BTW, Steven Lynch was on the news this morning saying that he was voting against the bill because, according to him, if his office phone is ringing off the wall with calls from the insurance companies asking him to vote yes, it can't be good for the consumer. Note, there are NO republican members of the US House of Representatives from MA.

I don't know if you can down load this but...

Business Xpansion Journal - February 2010

It is a digital magazine on business expansion - mfg mostly. Lots of paid-programming by states & regions but still kind of interesting in a train crash sort of a way. I get a lot of these things sent to me - kinda fun really. Enjoy.

Palin is attractive AND funny, whether she means to be or not. Olbermann is neither-

Now you are being silly.

adornosghost wrote:

And a good shot. Moose Burgers with cheese whiz anyone?

Hold the cheese whiz; still recovering from my last viewing of Olbermann-

Saw some delicious presidential campaign signs in 2008...

Some wag had taken a blue sharpie to the the 'L' in Palin

adornosghost wrote:

No, it's about keeping the revenue stream for the Insurance Companies, without completely killing the public.
It won't turn out well.

You have a good insight into the issue; are you in MA too?

JP wrote:

As a point of calibration: What recent movies do you find funny?

LOL........good question. I haven't seen a "walk-in movie" in a decade or more. I remember the Sheriff of Nottingham part/actor of Robin Hood - Prince of Thieves as being funny as Hell - now though, 20-years ago......Damn........I need to get out more.......:grin:

ResistanceIsFeudal wrote:

Coming soon to an overvalued housing community near you: BandoVilles!

The bando from Orlando lives in a gated community.

Uncle Ar wrote:

Now you are being silly.

Wing nuts all think Palin is charming & funny - I find her as charming and funny as a dose of clap even if I got it from the prettiest cheerleader. But everyone has their own personal opinion just like they have their own personal asshole. Me, you, everyone. Wouldn't want to have to share.

I haven't seen a "walk-in movie" in a decade or more.

hhhmmmm...

Statute of limitations from getting caught sniffing modeling glue in a octoplex in Baker?

dryfly wrote:

Wouldn't want to have to share.

Frankly, Barney would.

Renting is still uber-expensive in the towns I might be interested in buying in. They seem to be mostly accidental landlords in denial, too. Why do people hang on to a losing deal rather than cutting their losses? It just doesn't make sense. And the more expensive the house, the less rational people are, it seems.

Renting in Amherst, Hollis, etc.

Black Star Ranch wrote:

Damn........I need to get out more.

Prolly not a good idea - they'll just make you wish you were back with the cows.

Black Star Ranch wrote:

LOL........good question. I haven't seen a "walk-in movie" in a decade or more. I remember the Sheriff of Nottingham part/actor of Robin Hood - Prince of Thieves as being funny as Hell - now though, 20-years ago......Damn........I need to get out more.......:grin:

You'll be shocked; in the last 20 years they've developed these things call DVDs, which a make better viewing for movies that many "walk-in" theaters, particularly for the kinda stuff your wife probably likes-

Elvis wrote:

Frankly, Barney would.

Ouch. Serves me right.

Just a friendly reminder that the BFF Poll is still open.

Does the FDIC Order Anchovies? Beer

Does anybody else find it curious that BSR's writing style varies so dramatically at times. Contrast the above post to this one -

"By not subscribing to cable, or satellite, or anything having to do with the "high points" of current TV programs, if THAT is the "Colbert" that everyone here raves about, I think I just don't get it. He was as funny and witty as watching dog turds solidify while drying in the sun - what a destroyer of the most limited valued commodity we have, time. "

Night and day.

js esq. wrote:

What she did is (yes, I realize the irony) considered ethical for Senate staffers. We should change the rules, not castigate her for a collection of purchases that total less than 2% of her liquid assets.

Sorry if I came across somewhat harshly. The notion of "it is legal under the letter of the law so go for it" drives me a bit crazy. It's kind of like saying it was okay for a mortgage broker to promise their clients they would be able to refi the option ARM they financed with. Would the mortgage broker say that to family members or even put their family members in an option ARM to begin with. Oh wait - bad analogy Big smile

I don't disagree that the rules permit the staffer to do as she did. My ire is with the notion that the ethics of doing something aren't considered - simply whether the letter of the law allows it.

If we have to write laws to govern every activity we may undertake we have truly failed as a society.

LOL........I DO know what a DVD is, thank you............just not much time to do much vertical 'rec-re-atin'

Juvenal Delinquent wrote:

'schizopublican'?

Which definition of "publican":

pub·li·can
   /ˈpʌblɪkən/ Show Spelled[puhb-li-kuhn] Show IPA
–noun

  1. Chiefly British. a person who owns or manages a tavern; the keeper of a pub.
  2. Roman History. a person who collected public taxes.
  3. any collector of taxes, tolls, tribute, or the like.

Time to go shake down some people. May the economic model shed her clothes for you.

Wildly OT:

Scone<

Wildwood in Portland, Or. was horrid!
Sick Sick

scone wrote:

Renting in Amherst, Hollis, etc.

Amherst? College town syndrome?

Cinco-X wrote:
You'll be shocked; in the last 20 years they've developed these things call DVDs, which a make better viewing for movies that many "walk-in" theaters, particularly for the kinda stuff your wife probably likes-
It was once a type of theater, now it's alien possession! Walk-in - Wikipedia, the free encyclopedia

dryfly wrote:

Amherst? College town syndrome?

Other Amherst, dryfly.

Bloomberg anchor: "So who got the $2 trillion bailout?"

And who just paid billions in bonuses?

NateTG wrote:

Personally, I don't really understand the appeal of Olberman. I can't help but feel it's the same sort of thing as the appeal of Sarah Palin -- Making the right sort of noise that gives people the opportunity to shout yeah. I expect that both of them get paid more than I do, so what do I know.

Once upon a time, he was the only person saying what a lot of people were thinking, especially lef/tliberal/progressive/commie finks/whatever like me. During the Bush years, he was about all we had except Jon Stewart. But now that there are other places to be, I don't go there anymore, because Olberman is a rabble-rouser and makes unfair conclusions and sometimes makes dishonest conclusions. There's too much of that around. Truth won't be found by shouting loudly -- we've got the whole Fox network to tell us that.

dryfly wrote:

Amherst? College town syndrome?

Are there any colleges in Amherst, NH? There are definitely some in nearby Manchester, NH, but I haven't heard of any in Amherst. Amherst, MA is a different story; home of the University of Massachusetts and Amherst College.

Rob Dawg wrote:

Other Amherst, dryfly.

Got it - wrong state.

Cinco-X wrote:

You have a good insight into the issue; are you in MA too?

No, just paying attention.

Juvenal Delinquent wrote:

'schizopublican'?

LOL, Gemini? Had a grandfather/mother who was/were unmerciful when sending and receiving the kids' mail. You didn't dare 'mispell' anything.

{a day in the life...}

...now i'll milk the cows, Pahrump-pump-pump-pump

Juvenal Delinquent wrote:

Statute of limitations from getting caught sniffing modeling glue in a octoplex in Baker?

Good opening line for a CyberPunk Novel.

OT:

Go Big Red!!!!

Ride the wave of FOIA optimism...ehh... just hit some baskets...

Bob Dobbs wrote:

Once upon a time, he was the only person saying what a lot of people were thinking, especially lef/tliberal/progressive/commie finks/whatever like me. During the Bush years, he was about all we had except Jon Stewart. But now that there are other places to be, I don't go there anymore, because Olberman is a rabble-rouser and makes unfair conclusions and sometimes makes dishonest conclusions. There's too much of that around. Truth won't be found by shouting loudly -- we've got the whole Fox network to tell us that.

Werd. He became a lot less appealing once Obama came into office, because he went from criticizing power to making apologies for it, in petulant, dishonest ways. Why anyone would want the Fox News of liberals (or the original Fox News, for that matter) is beyond me.

HomeGnome wrote:

Scone<

Wildwood in Portland, Or. was horrid!

You're kidding?! Have they come down in the world, or what?

black dog wrote:

Speaking of 'careful' analysis I would LOVE to see the math behind Hank Paulson's claim of 25% UE if TARP not passed.

Remember, they also predicted 10.8 million auto sales if it didn't pass.

That would have been bad. /snark

The 20 Cities That Have Completely Missed The Recovery

Apparently there's a recovery in progress-
BTW, nice photo of house being demolished in Detroit (#1), but they're using an excavator, not a bulldozer.
The Mayor Of Detroit’s Radical Plan To Bulldoze One Quarter Of The City

Cinco-X wrote:

Are there any colleges in Amherst, NH?

No, it's just a small town with the usual stuff, old green, historic homes, lake. A lot of commuters into Boston.

scone wrote:

Are there any colleges in Amherst, NH?

No, it's just a small town with the usual stuff, old green, historic homes, lake. A lot of commuters into Boston.

Sorry; that was a rhetorical question...

I love the picture for Riverside, CA. What does a tornado have to do with the current financial crisis/recovery? Oh yeah! Blame the lack of recovery on the weather!

just not much time to do much vertical 'rec-re-atin'

Does that mean you spend all your time horizontally 're-creatin'?

Uncle Ar wrote:

just not much time to do much vertical 'rec-re-atin'

Does that mean you spend all your time horizontally 're-creatin'?

Not much else to do out in the country, especially if you've got a much younger wife Wink

scone wrote:

A lot of commuters into Boston.

[there's your answer why prices are still high]...

I read Deer Hunting With Jesus a few years ago, and it allowed me to better see how so many people would vote against their best interests quite willingly, if only you appealed to them in sum other fashion...

A very good read~

scone wrote:

You're kidding?! Have they come down in the world, or what?

---They had dead flowers for one.
Two, the creamed morels were NOT washed properly so every bite was like eating sand.
Three, our other two dishes were over spiced with lime juice so you got a little pucker with every bite.

Deschutes Beer, on the other hand, Beer Beer, is the Ticking time bomb Ticking time bomb
The spiced baby octopus at Ping was pretty awesome too!

dryfly wrote:

A lot of commuters into Boston.

[there's your answer why prices are still high]...

Over 55mi if you take the shortest route , which uses route 3 through Nashua. There was a time that Route 3 through Burlington, MA was one of the worst roads for commuting in the country (I drove it for a year), but that's probably exclusive of the CA freeways. They;re bad on a Saturday....

...on a happy meal note, the quality and service at the micky d's in Portland has remained the same

Juvenal Delinquent wrote:

I read Deer Hunting With Jesus a few years ago

Thanks for the recommendation. "What's the matter with Kansas" is a good read as well.

do my eye's deceive me? What financial disaster awaits us indicated by a red day in the market?

Juvenal Delinquent wrote:

if only you appealed to them in sum other fashion...

Is there a humorous pun in your misspelling of "sum"? I don't get it....

poic wrote:

do my eye's deceive me? What financial disaster awaits us indicated by a red day in the market?

Isn't it just opex Friday?

"The Fed may seek a rehearing or appeal to the full appeals court and eventually petition the U.S. Supreme Court."

Of course they'll appeal. They're 'Ski-Rued' if they don't kick it farther down the road. ......"protected from public disclosure because they might reveal competitive trade secrets.", my derrière.

Juvenal Delinquent wrote:

...the sum of all their fears

Keep going......

This property:
Athol, MA, 01331 - MLS #71016163 - Single Family Home real estate - REALTOR.com®
just went from being listed for $50k to $160k. It's got a nice plot of land, but boy is it out in the boonies......

HomeGnome wrote:

---They had dead flowers for one.
Two, the creamed morels were NOT washed properly so every bite was like eating sand.
Three, our other two dishes were over spiced with lime juice so you got a little pucker with every bite.

That's a shame. It was great last time we were there. But I did notice other restaurants there lowering their standards in various ways, and the people seemed anxious and depressed. I'm sorry for Oregon, they're in a bad way. But as you say, there's always the Beer !

When people are easily swayed by words repeated over and over again, you've got them right where you want them, in the palm of your hands... putty

shill wrote:

Scan the bill GF, it's not about health care at all, it's about TAX INCREASES!...You know the old adage.." Read My Lips "

I think you are exactly right. The govt comes out and says govt health care costs will drop under the bill, but then says health care costs overall will continue to climb.

How can govt health care costs drop while overall costs grow? How makes up the difference???

shill, you are 100% correct, this is all about raising taxes. What is amazing is some of the sheeple are supporting this. The brainwashing is amazing to behold.

Vic wrote:

Juvenal Delinquent wrote:
I read Deer Hunting With Jesus a few years ago

Can't recommend it higher, a great book.

Seriously? A master bedroom in a 625 sq. ft. shed.

Approximately 624 sq. ft.

Master bedroom on 1st floor/level

You'd have to be an Athol to want to make that commute...

ghostfaceinvestah wrote:

shill wrote:
Scan the bill GF, it's not about health care at all, it's about TAX INCREASES!...You know the old adage.." Read My Lips "

And the market knows who is going to get those funds:
"Virtually all of the major health insurance companies are solidly ahead as vote on health-care reform is set for Sunday."

ghostfaceinvestah wrote:
The govt comes out and says govt health care costs will drop under the bill, but then says health care costs overall will continue to climb.
Smile It's not a health care bill. It's an insurance subsidization bill that also forces everyone into the market under penalty of law. The insurance sector is just cashing in, and unsurprisingly enough, they'll be getting exactly what they paid for.

edit: then again, captive market monopolies have worked so well in the past... Sick

scone<

The king crab legs at Jake's Crawfish were absolutely fabulous.
Making their mixed drinks with freshly squeezed juices puts them over the top.

Kell's Irish Pub was a great time also.

And the Saturday Market on the waterfront made for a wonderful day of surprises.

dryfly wrote:

Wing nuts all think Palin is charming & funny - I find her as charming and funny as a dose of clap

I think she is dangerous - another front for the elitist agenda. They realized the old stately-looking white guys are no longer attractive to the populace, so they are throwing out all forms of new looks to see what sticks.

Simply amazing how dumbed-down the peasants have become to fall for this garbage.

Juvenal Delinquent wrote:

You'd have to be an Athol to want to make that commute...

+1 as always JD; but then, you know that already, don't you?

curious wrote:

Seriously? A master bedroom in a 625 sq. ft. shed.
Approximately 624 sq. ft.
Master bedroom on 1st floor/level

It's not MY listing! BTW, the lot is almost 40 acres, but still.....

When people are easily swayed by words repeated over and over again, you've got them right where you want them, in the palm of your hands.

It's always a little disconcerting when I feel myself getting caught up in that sort of thing.

We 'mericans seem to operate in a veritable evidence vacuum. For example, 9/11 truthers notwithstanding, what's the evidence that the 9/11 attacks were staged by Al-Quaeda, or had anything at all to do with Afghanistan. If you think that's crazy, compare it to, say, the amount of evidence for Iraqi WMDs that was provided.

ResistanceIsFeudal wrote:

It's not a health care bill. It's an insurance subsidization bill that forces everyone into the market under penalty of law. The insurance sector is just cashing in, and unsurprisingly enough, they'll be getting exactly what they paid for.

I hope this is coming clear. This is about protecting a revenue stream for a segment of the corporate elite, at the expense of everyone else.

ghostfaceinvestah wrote:

Simply amazing how dumbed-down the peasants have become to fall for this garbage.

---Some would say born and bred American dopes...
//ducks//
Crazy Crazy

Does the Supreme Court have the balls to deny cert or deny a stay pending appeal like in Chrysler BK?

The whole world is watching. How is a bank loan an issue of national security, Justices?

Juvenal Delinquent wrote:

You'd have to be an Athol to want to make that commute...

Living here in MA, I've heard THAT joke too many times to recall. BTW, when I was last there, the Athol Steakhouse was a real bargain, though I wouldn't rate their steaks as being great. We were, however, hungry...

How do we slow down the retro-rockets on our dumbing down and make the great unwashed ones start yearning for learning again?

AET Aetna Inc. 34.30 +1.06 3.19% 14.82B
WLP WellPoint, Inc. 65.29 +1.47 2.30% 29.00B
CI CIGNA Corporation 37.36 +1.52 4.24% 10.26B
UNH UnitedHealth Group Inc. 34.45 +0.86 2.56% 39.91B
HNT Health Net, Inc. 26.37 +0.62 2.41%

ghostfaceinvestah wrote:

Wing nuts all think Palin is charming & funny - I find her as charming and funny as a dose of clap

I think she is dangerous - another front for the elitist agenda.

New Keyboard

Juvenal Delinquent wrote:

How do we slow down the retro-rockets on our dumbing down and make the great unwashed ones start yearning for learning again?

---Dude, we could, so, like, you know, like, gratuate, like too yeers earlee and stuf.
Yeah, dude, I'm like, you know, so like, over it; like whatevs.

NateTG wrote:

For example, 9/11 truthers notwithstanding, what's the evidence that the 9/11 attacks were staged by Al-Quaeda, or had anything at all to do with Afghanistan.

I can assure you that Osama bin Laden was behind it, but you'll just have to take my word for it. I wouldn't be willing to say how I know in writing, but I promise you it is true-

It isn't so much elitist, but look at the front men and front women on Fox, the newsreaders (...as they call them in the UK)

They are all very good looking people, including a few beauty queens.

Their target audience is still wowed by looks, not substance.

A perfect fit?

Cinco-X wrote:

Over 55mi if you take the shortest route , which uses route 3 through Nashua.

Not saying its fun but if people are doing it and have better than average incomes then homes will price out at higher than average too. Supply demand.

BTW my wife does about a 50 mile commute each way here - takes her 45-50 mins. The cost difference between where we live and where we would live closer in is so large the commute turns out to be the 'best overtime' available. Plus she turns off the mobile phone & just chills for an hour. Rolling meditation.

Amherst, MA is a different story; home of the University of Massachusetts and Amherst College.

Don't forget the oldest (existing) college for women in the U.S. is located there.

Nobody can get this trivia question right, even when you tell them where it is.

mY MOM WAS FOR pALIN/mCc, they were against abortion; that trumps all, including thermonuclear war

dude, there's $8 foot swells in my future, how cool is that, dude.

Juvenal Delinquent wrote:

They are all very good looking people, including a few beauty queens.
Their target audience is still wowed by looks, not substance.

Like:
Monica Crowley

Crowley holds a B.A. in Political Science from Colgate University and a Ph.D. in International Relations from Columbia University (2000). The title of her doctoral dissertation was Clearer than truth: Determining and preserving grand strategy. The evolution of American policy toward the People's Republic of China under Truman and Nixon.
http://www.netglimse.com/images/celebs/bio/monica_crowley.jpg

totally gnarly, dude.
I'm so like, you know, coming in for, like, free stuff, dude.

dryfly wrote:

BTW my wife does about a 50 mile commute each way here - takes her 45-50 mins.

I'll betcha a 55mi commute to Boston would be closer to 2 hours on those roads.....

lawyerliz wrote:

mY MOM WAS FOR pALIN/mCc, they were against abortion;

Against Abortion but Pro War; interesting, that.
Drunk Drunk

You could be in Intercourse instead, you know.

HomeGnome wrote:

Against Abortion but Pro War; interesting, that.

For abortion and euthanasia, but no death penalty for murders; imagine THAT!

Juvenal Delinquent wrote:

You could be in Intercourse instead, you know.

I have intercourse all day long...

in·ter·course
   /ˈɪntərˌkɔrs, -ˌkoʊrs/ Show Spelled[in-ter-kawrs, -kohrs] Show IPA
–noun
1.
dealings or communication between individuals, groups, countries, etc.

HomeGnome wrote:

And the Saturday Market on the waterfront made for a wonderful day of surprises.

Ah yes, the Elephant's Graveyard for hippies. Portland is very Grateful Dead-esque. Which is probably why I'm not there, being more of a Ramones type. Glad you had a good time!

dude, like i've never worked, but like I heard they keep the condiments under wraps, so don't count on me bro.

OK:

The Fed had argued that it could withhold the information under an exemption that allows federal agencies to refuse disclosure of “trade secrets and commercial or financial information obtained from a person and privileged or confidential.”

The U.S. Freedom of Information Act, or FOIA, “sets forth no basis for the exemption the Board asks us to read into it,” U.S. Circuit Chief Judge Dennis Jacobs wrote in the opinion. “If the Board believes such an exemption would better serve the national interest, it should ask Congress to amend the statute.”

The court was asked to decide whether loan records are covered by FOIA. Historically, the type of government documents sought in the case has been protected from public disclosure because they might reveal competitive trade secrets. The Board of Governors of the Federal Reserve System had argued that disclosure of the documents threatens to stigmatize lenders and cause them “severe and irreparable

competitive injury.”

The Fed should not be concerned with stigma to lenders. How is getting a bailout a trade secret?

Without reading the orders and briefs, I'd guess there is no basis for a stay pending appeal, and denial of certiorari is entirely justified. I'm anti-Fed, but pro-FOIA and US Constitution.

scone wrote:

Ah yes, the Elephant's Graveyard for hippies.

---I swear there were a hundred ear ring vendors, ehm, artists.

dude, I was talkin 'bout the state of being in Pennsylvania.

adornosghost wrote:

I hope this is coming clear. This is about protecting a revenue stream for a segment of the corporate elite, at the expense of everyone else.


its amazing that more people haven't cottoned on to that- if you are going to create the mandate then you have to have a public option.

If you are going to have a mandate then why even bother with private insurance companies? The entire value added of an insurance company is (or at least should be) in the quality of its underwriting. Avoid the bad risks and hang onto the good ones. Once you eliminate underwriting as a requirement of being an insurance company they cease to be insurance companies merely aggregators of risk. The logical extension of that is a single payer.

scone wrote:

Renting is still uber-expensive in the towns I might be interested in buying in. They seem to be mostly accidental landlords in denial, too. Why do people hang on to a losing deal rather than cutting their losses?

I think there might be a correlation there.

Juvenal Delinquent wrote:

They are all very good looking people, including a few beauty queens.
Their target audience is still wowed by looks, not substance.

I think it goes a bit deeper than that.

The beauty gueen/king talking heads are the popular kids at high school that shit on the geeks ... which side does the average non-thinking/questionable self esteem person want to identify with?

Doesn't explain kramer though.

Juvenal Delinquent wrote:

dude, I was talkin 'bout the state of being in Pennsylvania.

I thought you were talking about Intercourse, Alabama - Wikipedia, the free encyclopedia

crazyv wrote:

The logical extension of that is a single payer.

---Logic has very little to do with what is going on.

HomeGnome wrote:

I'm so like, you know, coming in for, like, free stuff, dude.

Exactly. Makes me want to blast Motorhead at full volume. Tie dye shirts make we want to go postal.

Too long of a drive for you east coaster types, methinks.

scone wrote:

Makes me want to blast Motorhead at full volume.

YouTube - Motorhead-Iron Fist

Bubblisimo Gerkinov wrote:
The beauty gueen/king talking heads are the popular kids at high school that shit on the geeks ... which side does the average non-thinking/questionable self esteem person want to identify with?
Smile Most of adult life is just high school with money.

How do we slow down the retro-rockets on our dumbing down and make the great unwashed ones start yearning for learning again?

Start placing subliminal educational messages in American Idle.

Cinco-X wrote:

I'll betcha a 55mi commute to Boston would be closer to 2 hours on those roads.....

Guessing that at least...

HomeGnome wrote:

Makes me want to blast Motorhead at full volume.

YouTube - Motorhead-Iron Fist

Why does Lemmy always set the mike so high? it's like he's singing to the ceiling.

There's this 9.8 super-model on Fox, an investigative reporter type...

Did you or didn't you freeze up when you were in HS and the untouchable beauty queen and you had an awkward moment talking to her, because your mouth couldn't catch up with your mind racing?

Same thing happens when she interviews some schlub

Cinco-X wrote:

I thought you were talking about Intercourse, Alabama - Wikipedia, the free encyclopedia

Is that somewhere between Fertile and Climax Minnesota?

COLUMBIA, S.C. (AP) -- South Carolina Attorney General Henry McMaster says he and Florida Attorney General Bill McCollum are ready to file a federal lawsuit if health care reform legislation passes.

The U.S. House plans to vote on the plan Sunday.

McMaster said Friday that he expects attorneys general to join the lawsuit. He and other GOP counterparts have denounced the legislation.

McMaster says he wants to challenge an exemption that would keep Nebraska from paying for Medicaid costs.

He says even if that provision is dropped, he will sue over the requirement for everyone to buy health insurance. McMaster says both provisions violate state sovereignty.

Both McMaster and McCollum are running for the Republican gubernatorial nomination in their states.

HomeGnome wrote:

Logic has very little to do with what is going on.


that is absolutely true - and probably has more to do with our current condition than just about everything else.

steelhead wrote:
Geeks Rule
Why do you think home-schooling and separate programs for the gifted are so often looked down upon by mainstream society, along with online education or self-directed learning? It wouldn't create the patterns of social conditioning necessary to functioning "sanely" in the mammalian hierarchy of status, power and money.

Juvenal Delinquent wrote:
Did you or didn't you freeze up when you were in HS and the untouchable beauty queen and you had an awkward moment talking to her, because your mouth couldn't catch up with your mind racing?
Same thing happens when she interviews some schlub

+1 Exactly.

Exactly. Makes me want to blast Motorhead at full volume. Tie dye shirts make we want to go postal.

Lemmy is performing at South by Southwest this week.....also there is documentary based on his life that is debuting there.

ResistanceIsFeudal wrote:

in the mammalian hierarchy of status, power and money.

I have yet to see the homeschool generation free itself of the hierarchy. In fact, quite the opposite.

It's hard to place a value on socializing...

One good aspect of the draft was that it forced people from all of our 50 states to get to know one another, and look at where we are at now, with red states and blue states, etc.

A great divide

JP wrote:
I have yet to see the homeschool generation free itself of the hierarchy. In fact, quite the opposite.
Agreed. It doesn't make rational sense, but then again neither does the hierarchy, which is sort of the whole point. It's NOT an inherently rational and logical system.

Juvenal Delinquent wrote:

Same thing happens when she interviews some schlub

Ever been interviewed? Those women wear makeup so thick that you can see creases in the pancake. It makes them look ridiculous in person, and quite unthreatening.

Standard def TV washes out the lines. It is interesting to see the advent of HD redefine some of the classic "beauty" of TV.

HomeGnome wrote:

Both McMaster and McCollum are running for the Republican gubernatorial nomination in their states.

Nice vehicle they are riding... could take them far.

We're a society of perpetual adolescence that eventually reaches obsolescence Smile

scone wrote:

Why does Lemmy always set the mike so high? it's like he's singing to the ceiling.

Reminds him of his chopper?

http://www.chopperkitsblog.com/wp-content/uploads/4a0c040ade37cdc.jpg

rif
most of adult life is 5th grade with money,not high school

They look like their target audience wants to appear, just like their statements-made up.

Uncle Ar wrote:

Lemmy is performing at South by Southwest this week.....also there is documentary based on his life that is debuting there.

Thanks, I'll look for it on tv. Cool

Palin is interesting in that she's about the only high profile Republican I can see who might go full out populist and attack Wall Street. Mitt's not gonna do it and Huck is too busy trying to figure out how to rewrite the Constitution to better reflect God's will. Palin's making the right "free market" noises for now, but the cosmopolitan Wall Street types have a visceral hatred of her the same way a lot of other cosmopolitan types do. She'll never be as tight with the squid as other mainstream politicians both right and left. When TSHTF, I can see her turning on the bankers pretty harshly.

Sorry, left-leaners, Ron Paul is way too kooky to get any major traction in either mainstream political party. If he only stuck to financial stuff he'd be ok, but when he starts bringing up secret CIA conspiracies and Watergate in discussions about the Fed people just don't take him seriously.

JP wrote:

I have yet to see the homeschool generation free itself of the hierarchy. In fact, quite the opposite.

The home schoolers have to deal with junior high social conditioning as an adult ... not a pretty scene.

(yes, it's a gross generalisation)

JP wrote:
Standard def TV washes out the lines. It is interesting to see the advent of HD redefine some of the classic "beauty" of TV.
We're surpassing the 'crude' level of evolutionary pattern recognition that wires so much of our behavior. It's going to be interesting to watch the ongoing battle of man and beast.

speaking of beast... it's lunchtime!

Bubblisimo Gerkinov wrote:

Reminds him of his chopper?

OMG! Highest ape hangers EHAH!

gabyjan wrote:
Health care reform bill set for House vote | Business Insurance

I don't think this is going to end well for anyone, except maybe a short term gain for the Republicans, but I'm sure they'll screw that up too.

The Volokh Conspiracy » Blog Archive » Rasmussen: 43% now strongly disapprove of Obama, same as Bush when he left office
Poll: Boxer Suddenly In Trouble - Hotline On Call 

March 19, 2010

"Greek Prime Minister George Papandreou said March 19 his country “one step from being unable to borrow,” DPA reported. Papandreou said at a meeting of the country’s private-sector union, GSEE, that Greece is at war against market speculators and that the government must avoid paying “enormous interest for decades.” Of the austerity measures Greece has enacted, Papandreou said it was a difficult decision but that sacrifices must be made today so the problem does not “spiral out of control.”'

Oxtail wrote:

Palin is interesting in that she's about the only high profile Republican I can see who might go full out populist and attack Wall Street.

I could see her appear to teabag the Vampire Squid from Hell ... but that's about it.

I for one welcome the Palin/Gongshow 2012 ... Got Popcorn?

edit; No teabag icon?!?!?!?!?

Scone, here is where i read the Lemmy info.

We just got a hd tv, and it's startling sometimes~

The beauty queen I bespoke of earlier has a body with legs up to her waist and a face that isn't poker if you know what I mean and I think you do.

Now on the other hand last night, Mary Matalin looked like she had about $37.42 too much worth of make-up on, ye gads.

OT: Isn't the current HCR bill giving near monopolistic power to health insurers? In many states where there is little competition in the individual market, there is no choice. In California, if you want maternity coverage as an individual, you're locked into Anthem.

This bill feels a lot like the financial "reform" we've seen - a tremendous amount of energy being spent in order to appease the amoral banks/insurers.

Case in point: this is the performance of Cigna against the S&P. All the health insurer charts look like this.

Is this Administration the wackiest liberal group on the planet? It is comical. It appears they are investing huge political capital to give money to large corporations (banks, insurers).

Link to Cigna vs. S&P:

http://finance.yahoo.com/q/bc?s=CI&t=1y&l=off&z=l&q=l&c=^GSPC

Palin talking about slipping over the border to Canada for health-care when she is younger is all I need to know. She's a hypocritical bull-shitter like most people in a position of power, especially political power.

And people lap up her American Flag and Apple Pie bullshit routine hook line and sinker. Amazing.

We could push Idiocracy 500 years in the past with one fell swoop...

Palin/Drone 2012

Oxtail wrote:

Palin is interesting in that she's about the only high profile Republican I can see who might go full out populist and attack Wall Street.

LMAO, you really believe that???

The brainwashing is amazing.

Attack Wall Street, yeah, sure she will do that.

sk2322
did you read the comments on boxer, someone gave joint chiefs of staff phone number the reason to save the constitution since congress wont.

MrBeach wrote:

This bill feels a lot like the financial "reform" we've seen - a tremendous amount of energy being spent in order to appease the amoral banks/insurers.

Backdoor Buffett Baillout Bill by Ben Bernanke. I mean does anyone not see that the insurance/reinsurance sector is as sick as thebanking sector? Bring that mess explicitily onto FedDebt isn't going to work again.

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