- On 22 May 2013
in
Would you like Bubbles as an appetizer before your Black Hole entree?,
mell said:
You can build an economic boom on debt as we've just seen.
A lot of companies lose revenue from the middle-class but book gains from the wealthy (e.g. luxury housing) but they cannot make up for it overall. I'd call this a small recovery or mild improvement from the abyss where we overshot into at first before the FED stepped in as that's usually the case. But a boom looks differently.
- On 22 May 2013
in
Diamond Foods,
mell said:
pop chips are the first non-fried chips that actually taste good.
- On 22 May 2013
in
Would you like Bubbles as an appetizer before your Black Hole entree?,
mell said:
I'm on the fence to whether a health care economy will save us or not.
Surely you jest!
The MAJOR difference in a Healthcare economy saving the US economy, is WE the people will be stripped clean of property, cash, jobs, food and possessions to pay for it. So Iwog can show quarterly profits. It's probably the only economic model in the History of the US economy where higher profits will reflect a lower standard of life for everyone not profiting from it. Tenfold more than Reaganomic model.
Also thought that was a joke - if at all it is a major threat to the ballooning debt and affordability of patient care, premiums, coverage etc.
- On 21 May 2013
in
Pictures from a developer's life,
mell said:
That was pretty funny - but there is one missing: "When I familiarize myself with yet-another-utter-crap-HR-tool at a new company". It should have that animated gif of the guy banging his head bloody on his keyboard. I mean has anyone ever seen a even halfway-decent HR tool? It's 2013 and that shit still looks and feels like it was programmed in the 1980s!
- On 21 May 2013
in
Is real estate bubble 2 showing some strain?,
mell said:
However, China has stopped buying treasuries and is going to eventually dump the dollar.
http://www.zerohedge.com/news/2013-04-11/tic-tic-tic-ominous-warning-foreigners-us-bond-positions
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZbHuX9q8gI
http://www.wnd.com/2013/04/australia-to-dump-u-s-dollar-in-trade-deal-with-china/
Yep - and the Indians don't care about gold's pullback and continue to buy hand over fist.
- On 21 May 2013
in
So Nice Being Sold Down The River,
mell said:
And don't give me that crap that illegals run the economy, there are enough unqualified Americans to fill these jobs who could not succeed in higher skilled jobs.
Really ?
"How Alabama’s immigration law is crippling its farms"
Well, maybe they'll have to start offering higher wages, just because labor is not highly skilled it can still be hard and physically intensive and may deserve higher pay. Add some "incentives" like cutting UE if not looking/taking open jobs and enough Americans will turn up to fill those positions - unemployment is still very high.
- On 21 May 2013
in
So Nice Being Sold Down The River,
mell said:
Fine if you want to lower overall total immigration and/or make the total wait time longer, then do so for all, but don't let illegals come in
yeah, my position is if you hire an illegal alien, they get your citizenship and you get theirs.
That sounds like an interesting deal - maybe you should start a petition, it might get some momentum on patnet alone!
- On 21 May 2013
in
So Nice Being Sold Down The River,
mell said:
He is right on to demand speedier legal immigration. The fact that it takes longer to immigrate legally than illegally is a testimony to how fucked up this system is. Fine if you want to lower overall total immigration and/or make the total wait time longer, then do so for all, but don't let illegals come in and provide amnesty via green cards and path to citizenship as early as 3-5 years while legal skilled immigrants wait 10+ years. And don't give me that crap that illegals run the economy, there are enough unqualified Americans to fill these jobs who could not succeed in higher skilled jobs. The high-skilled visa workers pay taxes while they are not entitled to UE, plus they pay lots of fees on their path to the greencard to the DHS, labor department, lawyers etc., certainly beats providing welfare and other government benefits to illegals from a purely US-centric financial perspective.
- On 21 May 2013
in
Farage Bashes Tax-Advantaged Hypocritical European Politicians,
mell said:
Pure gold ;)
- On 21 May 2013
in
Farage Bashes Tax-Advantaged Hypocritical European Politicians,
mell said:
http://www.youtube.com/watch?feature=player_embedded&v=BQryLd2MYaE
- On 21 May 2013
in
Is real estate bubble 2 showing some strain?,
mell said:
Thanks, but I meant what happened in 2004-2007 that turned a bull market into a soon-to-be-crashed one?
"This time is different!" happened ;)
- On 21 May 2013
in
Non-GMO SALT now available!!! Please walk, don't run!,
mell said:
I am generally a consumer of organic food, but it is not always possible to get organic depending on where you are and even non-GMO label is only partially applied so far. I personally know microbiologists and researchers from Europe (Germany, Ukraine etc.) who would neither consume GMOs themselves nor feed it to their family or friends, and we have had many talks about it, so it's not an "internet-only" affair ;) Let's close this as nobody will be convinced on patnet and wait and see how this continues to play out.
- On 20 May 2013
in
Benghazi Backfires on Republicans as Democrats Eviscerate Issa and the GOP,
mell said:
DEMONcrats
Weak.
How about Retardlicans ?
Can't we all just get along ?
Sure, especially since they are mostly interchangeable.
- On 20 May 2013
in
Non-GMO SALT now available!!! Please walk, don't run!,
mell said:
Check out this (expert) debate between Vrain and Horgen if you are really interested, it will give you more insight and you can then form (or keep) your own opinion:
https://www.facebook.com/permalink.php?id=252908071394905&story_fbid=567786546573721#_=_
- On 20 May 2013
in
We Live In A Lottery Society,
mell said:
"engineers struggle to build life changing nanotechnology at $88,000 a year"
Are you implying $88,000.00 is a low salary?
For the bay area it is low. It's ok if you're single and not addicted to debt or consumerism, but throw in a girlfriend/wife or even a baby and you may barely get by. You may need to start flipping houses to supply your salary ;)
- On 20 May 2013
in
The Size of the Bank Bailout: $29 Trillion,
mell said:
That's all dancing around the real issue - no regulation will get you anywhere as long as a crime is not a crime when wall street does it and/or politicians are involved. Restore the rule of law which has been out of order for quite a while now. Instead of criminal money printing and bailout for the cronies, just orderly bankruptcy for the banks and some serious jail time and claw-backs for the fraudsters would have done trick. The TBTFs would have been gone by now and made room for smaller banks who lent responsibly. No voodoo crony economics needed ;)
- On 19 May 2013
in
From Brooklyn to California, Housing Bubble Threat Grows,
mell said:
Borrowing $500k at 7% for 30 years fixed is different with borrowing at 3.5%. If you're a high networth client, you can borrow $1M at 2.2% interest rate at Charles Schwab, or 2.875% at US bank.
We're no where near a bubble yet.
I agree. It is about PITIM, or Principal, Interest, Taxes, Insurance and Maintenance. I can buy a lot more of a house with a mortgage payment at 3.5% instead of 6.5%. When PITI is 40% or more of the average family's net monthly income, then we are reaching a bubble.
I am more interested in the question as to why there would be so much demand? I think quite a few of the high networths seem to be just wanting to get out of fiat by any means in anticipation of (more) debasement and high inflation to come. Whether this will play out that way is the big unknown, but just because you can get million dollars for very low interest doesn't mean you have to buy housing on park avenue at the 80th floor with that money ;)
- On 19 May 2013
in
The Most-Corrupt Administration Ever?,
mell said:
To me Obama going after AP journalists phone records is far more sinister and dangerous to this country. We are going into dangerous territory and if one were to compare to nixon, then this would be the issue. But no one seems to be paying any attention to it at all-which I find strange.
Agreed, that's worse. However abusing the power of an all-mighty institution like the IRS is very dangerous as well, even if you can prove you did things right according to the tax code, they can give you some hell and waste a lot of your time which you may need for other activities.
- On 19 May 2013
in
The Most-Corrupt Administration Ever?,
mell said:
Really? the president has zero oversight of the IRS, by law, and you really think he had a personal hand in the cincinatti office? did he open all the mail too?
Doesn't matter. If the president says "we’re not going to participate in is a partisan fishing expedition." in response instead of telling eric placeholder to do something for once and start a criminal investigation, then it's his Nixonian moment.
- On 19 May 2013
in
The New New York Housing Bubble: Park Avenue "Maids Quarters" Studio For $3.9,
mell said:
Bullish ;)
- On 19 May 2013
in
The New New York Housing Bubble: Park Avenue "Maids Quarters" Studio For $3.9,
mell said:
[...]
In a sense, New York has joined the rest of the world's "wealth parking" capitals, where the only two profitable construction projects are those targeting the uber-wealthy or the mega poor. Middle class: sorry, you are out of luck“There are only two markets, ultraluxury and subsidized housing,” said Rafael Viñoly, the architect who designed the tower on Park Avenue at 56th Street, which is called 432 Park.
The rush to build these towers underscores the gap between rich and poor in New York City, said James Parrott, chief economist for the Fiscal Policy Institute, a liberal research organization supported by unions. He said that median family income in the city had fallen 8 percent since 2008.
“Manhattan’s superluxury condo boom, along with rocketing foreclosures in Queens and record homelessness, present an unobstructed view of accelerating polarization in this recovery,” Mr. Parrott said
Recovery? Tell that to those countless middle-class New Yorkers (whose annual income as marginal as it may be in the City is what the rest of America can only dream of) for whom stagnant wages will mean an ever greater portion of income has to go to paying rent with little left for boosting the velocity of money.Of course, for those close to the banking system's proximity to ZIRP, and the trillions in free reserve-based money (all of which is going into the stock market if not the economy) the current bubble is unlike anything seen before:
Izak Senbahar, the developer of 56 Leonard, a 60-story tower in TriBeCa where penthouses are going for more than $20 million, signed contracts with buyers for 70 percent of the 140 apartments in just 10 weeks.
“We were all surprised,” Mr. Senbahar said. “This was not what we expected. There’s a pent-up demand for condos with helicopter views.” A decade or two ago, luxury buildings were largely confined to Park and Fifth Avenues.
Today, they are rising all over Manhattan — from One57 and the Baccarat in Midtown Manhattan to 825 First Avenue on the East Side, 150 Charles Street in Greenwich Village and 30 Park Place downtown.
“It’s not that location is unimportant,” said Nancy Packes of Signature Marketing Services. “But it’s now all about bigness, lifestyle and views.”
[...] - On 19 May 2013
in
Vitamin B12 deficiency:Tracking the genetic causes,
mell said:
This is a very exciting field of current research, the human methylation cycle and the crucial role that B12 in its various forms and the the other b vitamins plus methylfolate play, the genetic mutations that can cause a partial or full breakdown in the methylation cycle and so on. There is research on how a defunct methylation cycle could be responsible for certain forms of autism and other illnesses currently classified as "behavioral disorders" in kids. B12 is indeed very very important.
- On 19 May 2013
in
Non-GMO SALT now available!!! Please walk, don't run!,
mell said:
"The transfer of antibiotic resistance gene to unrelated microorganisms such as Aspergillus niger has also been demonstrated [34]. Biotechnology scientists, however, are of the opinion that the Npt II gene used to develop GM plants currently in the market is safe for use because there is no evidence of allergenicity or toxicity related to it."
It's nice that they are of the "opinion" that aspergillus niger cannot cause any problems. Well, quite a few don't share this opinion. But I guess as long as the resistance doesn't reach Stachybotrys it's only a problem for immunocompromised and otherwise weak/allergic people. Also, I'd contend that "not reputable" is also an opinion ;) But thanks, interesting article, I will completely read through it when I have more time.
- On 19 May 2013
in
Non-GMO SALT now available!!! Please walk, don't run!,
mell said:
a genetically modified organism is an organism that has had it's RNA/DNA altered in the LAB (as opposed to crossbred). How fucking hard is that to understand?
You seem to be making an implication that DNA altered in a lab is inherently bad, whereas DNA altered by selective breeding is inherently good. What is your scientific basis for this belief??
It carries greater risks and unknowns. The principle of familiarity which means that selective breeding can only work in organisms close enough to each other, so for example you won't have any luck selectively breeding/crossing species, e.g. animals or insects with plants, but it has been done in the labs.
http://onlinelibrary.wiley.com/doi/10.1046/j.0960-7412.2002.001607.x/full
- On 18 May 2013
in
The Nation Should Not Care About Tea Party Targeting by the IRS,
mell said:
Obama should have wound down the wars sooner. However, he wound them down and that is significant. Trust me, the Republicans never saw a war they wanted to wind down.
That could be changing slowly. But you should embrace the (original) tea-partiers a bit more, as quite a lot of the originators came from Ron Paul's anti-war movement before they meshed with the rest and sold out to big money and politics - there are decent politicians on both sides, just not that many ;)