Recent comments by sum luk

dilbert dogbert wrote:

Who are the fools reaching for yield in this potential F'up?

… neither a borrow nor a lender be, and it must follow as the day does night

… Sr. Partner has advised that I have better thing to do today ~ trade well.

…. and don't start the correction without me

JP wrote:

The World Health Organization calls for the decriminalisation of drug use | Transform: Getting Drugs Under Control

… So, who's gonna drive ? Dave's not here, man.

dilbert dogbert wrote:

The free market is an impossible utopia - The Washington Post

… from the link:

Government action is not some kind of “interference” in the autonomous sphere of economic activity; there simply is no economy without government rules and institutions. It is not just that society depends on roads, schools, a justice system, and other public goods that only government can provide. It is that all of the key inputs into the economy—land, labor, and money—are only created and sustained through continuous government action.

… imo, that's well said.

unrepentent catalyst for ... wrote:

The first company I officially worked for switched to all part-timers on the packaging lines in the early 80s, and preached this to the business community loud and clear. It made a lot of workers unhappy, but management was thrilled.

see also: Is Involuntary Part-time Employment Different after the Great Recession?

Cinco-X wrote:

Comment by sum luk from thread 'A few comments on June Housing Starts'

… that is just my political statement responding to your political statement. … where is the lie you complained about ? … or is it only Red Team that gets to make political statements and any contrary statement is deemed a lie ? … is that it ?

… or were you only complaining because you thought I wasn't around ?

… ok Cinco what false statement were you complaining about earlier. ….. come on man up

… this is the 3rd time I've asked you to identify what you were complaining about

ResistanceIsFeudal wrote:

Pleez don't fight!

…. yes, just allow the asshats to completely make false statements about you and then stand silent when called on it. Snark

… show me the "outright lies" I allegedly made. …. and while you're at it see if you can find Dawg's apology for calling me a liar on the Hobby Lobby SCOTUS opinion.

Cinco-X wrote:

Sum Luk ….. [ was ] telling outright lies about what I was saying yesterday...

…. horse hockey - cite

Sebastian wrote:

The Awful Recovery continues onward and upward.

… see also: US Economic Profile | 7.18.14 » The Capital Spectator

… for the longest time, I've thought mr. mkt seriously wanted to correct if he could only find a satisfactory trigger. …. now, here's a trigger; where is the correction ?

justaskin wrote:

which leaves us free to slander libel you

… what and lose 80% of content ?

1 currency now -yogi wrote:

So if you can't win on logic, attack the vocabulary.

… if you have good logic, it's likely that you've developed a decent vocabulary

1 currency now -yogi wrote:

You do understand that if you say "shit" gratuitously

… you are generally considered to be both coarse and immature

1 currency now -yogi wrote:

You see a courtroom here?

… you ever considered civility as an option ?

1 currency now -yogi wrote:

“The initial response of the Russian ambassador was to blame Ukraine for this and I have to say that is deeply, deeply unsatisfactory,” Mr. Abbott said, adding that “the idea that Russia can somehow say that none of this has anything to do with them because it happened in Ukrainian airspace frankly does not stand up to any serious scrutiny.”

from: Humble Student of the Markets: Is the MH17 sell-off a gift to the bulls?

There are two scenarios at play here:

  1. These tensions will blow over in a few days and this market freak-out will be a gift for market bulls to buy stocks at a discount.

  2. This incident turns out to be a modern "Archduke Ferdinand in Sarajevo" moment for the relationships between Russia and the West.

Now ask yourself::

  • Which scenario is more likely?

    Is the market pricing risk correctly?

… I should have recognized a long time ago that it was a mistake to engage the right wingers in conversation. … thanks

shill wrote:

"coiled precious metals"

.. I missed the comment. … Hi Ho Silver, Away! is up almost 2% today In glod we trust 1.5%

Cinco-X wrote:

shill and I see it here every day...

…. seriously, this is a mirror Mirror mirror on the wall, who is paying for this all? check yourself out

Cinco-X wrote:

Under traditional liberalism, maintaining religious liberty is of vital importance; under the new, illiberal liberalism, religious liberty is a threat.

… this message was brought to you by Citizens United by Unlimited Campaign Contributions ~ worship at our alter or else.

shill wrote:

WOW debt slave till death

… there was a point in time when additional loans became free money.

ResistanceIsFeudal wrote:

This may be the event that marks the start of the Kenyan-Malaysian War.

…. but will there be cake ?

arthur_dent wrote:

the problem with JB is that none of the metrics he uses are predictive.

… I dint read it as predictive; rather as a justification of mkt value based on diff in interest rates. …. but no matter XRsize Its different this time for me ~ lateral.

ResistanceIsFeudal wrote:

Grammar passed away last century.

… died of a punctuation wound

All in the Family Home: Record 57 Million Americans Living in Multi-Generational Households - Real Time Economics - WSJ

A record 57 million Americans—or 18.1% of the population—lived in multi-generational households in 2012, according to an analysis of Census data by the Pew Research Center, a think tank. The rate, up from 17.8% in 2011, has been on a steady march upward since its post-World War 11 low in 1980, when just 12.1% of the population utilized these arrangements.

.* * *

The 2012 rate is still lower than it was in 1940, when one in four Americans lived in a multi-generational home.

Jackdawracy wrote:

...I wonder if there's still a warrant for my arrest waiting for me next time I go to Hobart?

… don't feel bad, Dick Cheney can't leave the country without fear of arrest

Firemane wrote:

The quarterly updated "covered employment"

…. aka full time jobs …..n'est-ce pas ?


from: Marc to Market: Housing Starts Plunge due to Horrific Data from the South

The weakness was led by the South, where housing starts plunged by nearly 30%. This overwhelmed the increase in starts in the other regions. Starts jumped 28% in the Midwest, the best performance in seven years. Starts in the rose 14.1% in the Northeast and 2.6% in the West.

from: Marc to Market: Housing Starts Plunge due to Horrific Data from the South

US housing starts in June collapsed. The 9.3% decline contrasts with expectations for a 1.9% increase, according to a Bloomberg survey. Adding insult to injury the May series was revised down to show a decline of 7.3% rather than 6.5% as initially reported. And worse, the building permits fell 4.2%. They were expected to have risen by 3.0%.

Housing starts averaged a monthly decline of 1.6% in Q2 after a average monthly decline of 2.5% in Q1. Permits fell an average of 1.1% per month in Q2, twice the rate of decline seen in Q1.

The weakness was led by the South, where housing starts plunged by nearly 30%. This overwhelmed the increase in starts in the other regions. Starts jumped 28% in the Midwest, the best performance in seven years. Starts in the rose 14.1% in the Northeast and 2.6% in the West.

.* * *

The average interest rate on a 30-year fixed rate mortgage has fallen about 40 bp this year through early July to about 4.15%. At the same time, prices have also increased. In May, the median price of a new home sold was $282,000, of almost 7% year-over-year. Rarely do price increase metrics adjust for the fact that the US houses are getting bigger. In 2003, the average US house had 2330 square feet. by 2013, it had risen more than 11% to almost 2600 square feet.

Comrade Kristina wrote:

"Rich people vote their self-interest in every single election. Why don’t poor people?"

… raunch limpballs is good at propoganda ~ well paid "entertainment" for the masses

KarmaPolice wrote:

In U.S., Quality Jobs Outlook Best in More Than Six Years

… from the link:

Is Now a Good Time or a Bad Time to Find a Quality Job ?

…………………………………………..Good time………………….Bad time



…. agenda or world view ?

… is Seb writing for Time ? 7 Signs the American Economy Has Rebounded - TIME

Single-family and multifamily housing starts have also recovered strongly. They exceeded 1.5 million annually in the decade before the crisis but collapsed to less than 500,000 in its aftermath. Now they are over 1 million and should go higher. Most forecasts envision a rate of roughly 1.2 million next year, continuing to rise to 1.6 million over the next few years. Keep in mind that new housing construction and renovations drive a wide range of manufacturing and services output, from appliances to trucking. Indeed, private residential investment has jumped by more than 27% since 2012.

shill wrote:

First of all YOU provided NOTHING but BLS bull shit.

… given that his came from the BLS, it can never be as pure as yours