Donate a tile to Hoocoodanode!
Wait! If you click on one of the Amazon links below first, HCN will get a percentage of anything you purchase for 24 hours!
Who is elizabeth duke?
Just checking in, yelp style.
I wouldn't read too much into this one report since this was a holiday week and data in July can be impacted by the timing of auto plant shutdowns.
Read more at Calculated Risk
Thanks for putting things in perspective. I almost panicked...
I just don't see tapering...
Maybe because you're wearing shades.
Another year of no returns from my savings accounts.
No taperworm. S&P to 2000+.
The fears of taper and rising rates will make more insecure people jump into the market with both feet this summer. And then rates will fall again by the fall.
sum luk wrote:
... QE worked by artificially lowering long term rates; tapering those purchases will not likely continue that process.
I don't think we will see tapering anytime soon. The comments are tapering are just to try and keep the S&P from blowing through 2000 by year end and make the process more gradual.
But I would like to hear CR's opinion.
Rob Dawg wrote:
Does it help the banks? then yes INTEREST rates will drop. Mortgage rates? Much much more slowly.
Of course it will help the banks...it makes there to-be-foreclosed homes worth more, plus it helps the MBSs the fed is buying. Anything to make home prices go up!
Should we expect mortgage rates to drop again?
(My guess is we should, but would like to hear CR's opinion.)
wtf..not one hat?!
Not sure smart cars are the greatest
CNN Video - Breaking News Videos from CNN.com
BMW owners offered fix for hi-tech theft | Auto Express
The Science Of Car Hacking | Popular Science
(Let's see how many hats I get awarded for this!)
I think it's time the fed got their act together and did some more stimulating before all goes to hell.
Pimco’s Gross vs. Goldman Sachs: Who’s Right? | Talking Numbers - Yahoo! Finance
A: Neither. CR is the only one that is correct! CR to trump them all.
How can you tell which tricycle belongs to the gnome? It is the one with the kickstand.
Use the creativity to jumpstart the economy!
...where "funny money" means people trying to buy houses to live in. Good thing we won't have to worry about that ever again.
Maybe this is about small investors vs hedge funds.
I was feeling decidedly green for a good half hour after we landed.
I think that 'feeling decidedly green" after a safe landing is underrated...
I didn't write that...poic wrote it. (I have trouble having any kind of feelings at all..kind of like a robot.)
I landed at SFO a couple of weeks ago. We were seconds from landing when the pilot suddenly pulled up and did a do-over due to another plane on the runway.
Not a pleasant feeling. I was feeling decidedly green for a good half hour after we landed.
Sounds like control tower issues...
Rob Dawg wrote:
I predict housing prices will behave exactly the same way they did the last time wages were stagnant, unemployment high, housing formation low, rates rising and inflation falling. What that's never happened before? Well then I guess based on past house price behavior we have absolutely no clue.
I agree with CR's analysis, but would also like to add that home ownership rates will continue to go lower.
9 At this point, one out of every four American workers has a job that pays $10 an hour or less.
I wonder if that statistic includes waiters pay without tips.
So...this is what I can't wrap my head around. One the one side CR says things are so bright we gotta wear shades...and I have been diligently wearing them. On the other hand ZH posts these depressing stats. Which is real?
(Only answer I can think of: Neither...they're both an illusion as is all of life!)
Why are lumber prices significant?
Falling lumber prices are good. It means more profit for home builders which should allow for some more levitation in their stock prices.
15 Signs That The Quality Of Jobs In America Is Fading Fast | Zero Hedge
The Post-Market Economy - Part I: Chaos on Planet ZIRP - Eric Janszen
iTulip is predicting something will break badly in 2014.
When they talk about outflows from funds, what do they mean? When someone sells, there's someone else buying, right? Even if it's a redemption, it means someone else bought the underlying securities...so I don't get the outflow concept. Looks like someone trying to pull a fast one.
An incandescent bulb will contribute nearly twice as much mercury to the environment over its lifetime than a broken, exposed compact fluorescent bulb would.
"Incandescent light bulbs contain lead at levels that exceed hazardous waste limits" and are "regulated as hazardous wastes because they contain toxic heavy metals," says the Dane County (Wisconsin) Department of Public Works.
I can't believe this...i have never heard that incandescents need to be disposed off safely...but I hear that all the time for CFLs.
Actually, I was just looking up different lighting toxicity. It all appears to contain toxins, but I imagine candles do too.
Go to bed early.
really? we have toxins even in tungsten bulbs??
The only ones with absolute attention to craftsmanship are Prada and Hermes.
and the devil wears prada.
forget clothing...they're using the same strategy even with toilet paper...reduce quality till a significant number of customers complain, then up it just enough. cost cutting is a whole science...only problem is that it's a downward spiral. instead of innovating product, they innovate more and more elaborate devious schemes.
1 currency now -yogi wrote:
One profit-maximizing strategy is to make fine quality stuff for decades, then leverage your reputation as you cut costs and neglect quality before you strip assets and go bust. You don't have to actually bust out in outrageous proportions like Lehman Brothers. Steady, subtle decline works just fine too.
This is a winning strategy all around!
q: how many hcn'ers does it take to change a light bulb?
a: we need a few graphs to get to the answer -- number of people on hcn, efficiency of each type of light bulb, number of hours a day light bulb is expected to be used, whether fed money is available for getting the bulb, ...
Off post topic but on thread topic:
I am really getting tired of the price differential between junk products, passable products, and quality products.
Shopping for LED lighting products today, this happened again. There was junk, not quite passable products, and well-made stuff that was drastically overpriced. I thought I had stumbled into Gucci Electrical Supply for a moment.
At least there's an option for the good stuff. Invest like CR says and buy good stuff.
Rising U.S. bond yields should embolden, not spook, investors as they reflect improving growth and increase the allure of assets that most benefit from an economic upturn.
Can't wait for 10% yields...I'll be able to retire!
when i grow up, i want to be a ....
what's new in the world of gambling investing?
Fürst - Wikipedia, the free encyclopedia
I don't think it's time to take my shades off yet.
The taperworm strikes again!
What does this suggest for the taperworm? When will the taperworm strike?
There is still a long way to go. Read more at Calculated Risk
Dow to 20000?
Good news all around as expected.
I have an idea for a hedge fund. We go in and buy all the hotel rooms and people have to book through us! What do you guys think?
Is it because people can't afford to buy a home anymore, or perhaps even rent? They have to checkin to a hotel for a shower.
A home in my neighborhood came on the market and I'm interested 'coz I rent. I call the number on the for sale sign and the guy says the house is for 369K. I tell him Zillow has the market value of the home at 269K. He says the house has many upgrades and has been completely redone...the seller is into real-estate (i.e. flipper)...the house is worth at least $339, but we thought we'd just see if the we can get away with pricing at the high end of the market!!!!!!!
Too darn bright around here...good thing I had my shades on, thanks to CR, or I might have fallen for it.
Finally CR has explained what "real" is. I have always thought of everything in life as being illusory.
really enjoyed the post on dumb policy.