patrick.net

TechGromit says

You figure is overtly optimistic.

yeah, I need to reword that since $5.0T in non-pension spending would be ONE HUNDRED MILLION jobs at $50,000 pr, or 5/6ths the workforce.

joshuatrio says

It’s May 16th.

The fun will last all summer long, don't worry.

Nice hit

What do you think about wfc current price? Who will make it into the teens first, citi or wells?

shrekgrinch says

You may find this hard to believe, but since you don’t supply proof of such correlation and you’ve responded to me with unbacked bullshit anyway in the past, I don’t choose to believe YOU.

Go ahead and stick your head in the sand. Let me know how that works out for you NEXT November.

HousingWatcher says

You mean freedom of choice whether to have an abortion?

If you think allowing 14 year old little girls the freedom to have a surgical procedure without parental consent is "freedom of choice", you need to have your head examined. Can we at least agree that underage children should at least have their parents notified prior to having surgery? Is that too much to ask? How about notifying parents when their kid wants to take hormone-based birth control? Is that too much to ask? Somehow we have taken a womans right to choose terminating the life of their unborn child and transformed that into allowing kids to make adult decisions - who is taking the rights away from whom in this case? Oh yeah, parents are stupid and shouldn't have a choice when it comes to their underage children...

MarkInSF says

Ah, yes, cite the libertarian economic theory, and ignore the reality.

People have had this choice not to insure for about, I don’t know… forever? And they still do. And what’s happened to the price of health insurance?

Mark the problem with insurance was never that everyone did not buy it, the problems are the way our system healthcare is structured. Forcing everyone to buy it changes no fundamentals, there is no reason to drive the price down.

Take yourself into the shoes of a provider network CEO, as long as your customers are paying and you are used to the 11% increases every year (thats the official trend) than why reduce the price? They are in business to make money, not provide affordable healthcare.

Using same reasoning as Obamacare we should force everyone to buy a cell phone because that would make the prices magically go down. When in reality it would mean exact opposite.

The way healthcare reform is made it's really dumb, and it will really really explode the prices in the future. Might as well buy healthcare stocks because thats where all the money will be.

Just like the Pros!

Wall Street used all our pensions for hookers & blow slush fund. Nothing new here.

He was apprehended by the Priceline negotiator, Schatner saw him at the airport, and yelled...

wait for it...

Wait for it...

KAHN!!!!!!

"PERP WALK"

That's what he gets for doing the "Perv Walk".

shrekgrinch says

And if footage showing Obama molesting a Boy Scout were to be aired, you’d probably say, “Hey, the ancient greeks did it all the time. Nothing new here.” as well?

That's uncalled for...

shrekgrinch says

And if footage showing Obama molesting a Boy Scout were to be aired,

I'd be on the phone to FCC about child porn being broadcast.

The same article mentions raising required contribution to the fund, which should make fiscal conservatives giddy. It boggles me that this is even an issue for you Shrek, it's taking money from FEDERAL workers which seem to be the next best thing to child molesters for you anyhow. Multiple times in the few decades they've done stunts like this where they empty one safe to fill another and it did not result in Soviet Russia.

What do you expect to gain by it?
For one, he gains credibility (see also, Roberto, who posts his rental purchases).
Also, this is a real estate blog. We've all been mystified by various anomalies and real estate practices. Sunshine is the best disinfectant.

RayAmerica I have nothing to hide. I purchased my first piece of investment RE when I was 24 second when I was 26, so I too have been at it for a while. This market has been very different than any market before. What do I hope to gain???? Insight into a market that I am having trouble making sense of. Anything I have posted here is true, I have no reason to lie and I'm not going to benefit by concealing any info. I'm trying to understand if other people are experiencing the same unethical behavior that I'm experiencing. Why are mountains of shadow inventory being held back? The second wave of foreclosures is starting to happen so why hasn't this glut of property been released. It seems the banks are trying to control the market prices by holding back inventory which is affecting demand. This is not rocket science Maybe the realtors are just opportunistic and they are going to hold out for the same price points that people who are upside down are holding out for. The banks are the predators and the RE agents are basically acting as plankton, along for the ride. They know the price points are accurate, they know they are overinflated but as long as the banks control the market they are going to follow suit and hope to gain a bigger slice of the pie. I know this because I look at the market, the numbers the comps and they do not add up. A lot of people just take their realtors word as the Gospel, which at this point could be financial suicide if you are with the wrong realtor.

meant to say They know the price points AREN'T accurate. If they were actually using comps they could show them to me. But since the comps don't support their price point, there is nothing to show.

thunderlips11 says

Take a step back for a minute and think about the timing

I do that on every single story that has come down the pike from Washington, Wall Street and abroad.
I mean we do still have Press in this country with integrity right?

But in the meantime, this guy isn't denying anything, he'd PO'd that he had to do the Perp walk and was already at the Airport until he realized he left something back at the Hotel and called to have it delivered.
That was how he got popped. Had he just left his phone behind, he would have fled back to France, where the whole brouhaha would no doubt catapulted his popularity and won him the election.
"The man who stuck it to the Americans and got away."

They should buddy him up with Madoff, they could be cell mates. Think Bernie has been in there long enough to know he'd have to turn Kahn out the first night or lose cell block cred?

Obligatory:

Wells is a Buffet stock this year. But the deals Buffet gets are not the same as mom and pop investors get.

Citi was announcing that they were splitting their shares recently, so I don't know what happened since.

The CBO want's to tax people by the mile they drive.
Do you know who works the farthest from home?
The Poor!

Article is useless without pics:

This poor woman must have been feeling a lttle down but at least she didn't get stuck with the bill.
However, did she recieve a grope discount at the park?
And when exactly did she finger Donald?
And what were Chip and Dale doing at the time? Twiddling their nuts?
Well, I guess I'm glad they busted this Daffy boob before he racked up another feel.
Tough titty, Donald. You should 've gone down town.
Be careful out there, gals, and always travel in pairs.

What a downer. And this is such a quackerjack topic. I'm even getting goose pimples.
Pheasant dreams.

PS: I know ducks can be lame but that's no reason to cry fowl.

Kirk always get the last word:

Interesting idea. Don't forget to factor in for a massive government bailout when the Canadian housing market falls apart.

Another possibility is that it fell more along the lines of a "prank", that someone told him they were sending him a woman who'd be dressed in housekeeping uniform so as not to attract attention; a woman who would agreeable to "playing rough"; maybe he thought resistance was part of the "package".
A rough encounter with a prostitute is still a crime, though.

When reached for comment, Donald Duck said, "Oh boy, oh boy, oh boy!"

Anytime you go to Disney World/Land you're getting screwed.
At least she got foreplay.
The first time I took my kids there, I was looking around for a big stapling Mickey that could pick me up by my ankles, and shake money out of my pockets. To pose for a photo with.

But then I would have been happy to find any Disney "A" lister.
We looked the park high and low, and all we could find were secondary characters.

No Donald, Mickey, Mini, Goofy, Pluto, ect...

Good question... Philly Fed down again today... Japan deep in contraction... oil and gas tanking... housing double dip... federal and (many) state spending cuts imminent, etc. etc. etc.

But don't forget who is driving the printing press. Well... at least until he is fired as a scapegoat this fall/next spring for precipitating a recession during an election year.

The negative financial news today (excluding Linkedin) would lead you to believe further intervention from the Federal Reserve is even more likely.

Would anyone else agree - we live in very different circumstances than 1980. The US economy is overly dependent on Financial and Real Estate for employment - any attempt to tighten will have negative impact for Home Values/Real Estate and negatively impact employment.

Who knows what will happen in the next 6 months - but, its hard to believe the Ben Bernanke won't attempt to rescue the economy with intervention over a slightly longer term.

Why so Grumpy, Tenounce? You don't sound too Happy. Are you Sleepy? What's up, Doc? Come on now, don't be Bashful. (sorry if I sound a little Dopey)

Banks are offering me money to open an account with them. This is scary.
Bear trap indeed.
Get a camera because this is truly a Kodiak moment.
It's the polar opposite of what people expect.
Rhetorically speaking, why are they panda-ing to the public? Koala you think of this grizzly development? Does it give you paws?
Why are they playing Santa Claws, trying to get you into their den with a little free honey?
Seems like Pooh Pooh to me and a no Winnie situation.

Foreign investors, higher down payments, and in the cities with the biggest run ups (like Vancouver), there is semi-limited land.

On the flip side, the government might not be as bullish about getting money out there should a crash occur.

Banks always seem a lot more conservative in Canada, same with businesses. So they might do pretty well, even if a crash occurs.

They want you to open up an account with them, so they can loan out your money out at ever increasing profit levels.

shrekgrinch says

So what does that have to do with this? Simple: Slippery Slope, that’s what. Give the Feds an inch on this..and even the Reps will go along with forced ‘retirement savings’ with treasuries whose only destiny is to be more worthless than a sheet of toilet paper.

One man's "slippery slope" is another's "reductio ad absurdum".

I could similarly argue that tax cuts and subsidies without end can only end in Somalia-style warlord anarchy. You'd say I was being ridiculous. Back at ya.

I'm surprised Egypt, Syria and others aren't FUMING over these remarks, they have FAR more land to lose than Egypt does.

Considering how much land they annexed for themselves from the Palestinians during those wars.

Why didn't she just... duck? Donald wears no pants

Disney runs a Mickey Mouse operation - what can you expect? Snow White acts as pure as the driven snow but she hangs out with a bunch of midgets in the middle of the forest for months.

I never will understand how a bunch of right wing Christians think they know what is best for Israel. People who know nothing about Israeli politics and have no stake in the outcome other than how it affects US politics. If being in favor of a two-state solution based roughly on the pre-1967 border (and with an independent but demilitarized Palestine) makes one anti-Israel than a majority of Jews are anti-Israel. The alternative is war for ever. FYI I an Jewish and have several relatives living in Israel.

bdrasin says

I never will understand how a bunch of right wing Christians think they know what is best for Israel. People who know nothing about Israeli politics and have no stake in the outcome other than how it affects US politics. If being in favor of a two-state solution based roughly on the pre-1967 border (and with an independent but demilitarized Palestine) makes one anti-Israel than a majority of Jews are anti-Israel. The alternative is war for ever. FYI I an Jewish and have several relatives living in Israel.

Oh, and here is the ADL's statement of support for Obama's intelligent and reasonable position outlined in his speech:
http://www.adl.org/PresRele/IslME_62/6045_62.htm

I guess the ADL are just more Jew-haters, eh? Only Sarah Palin and Rick Santorum are qualified to represent Israel's interests.

bdrasin says

I never will understand how a bunch of right wing Christians think they know what is best for Israel.

Christians can't take over the planet until there's WW3 in the Holy Land, so they're just trying to help that along.

pkennedy says

On the flip side, the government might not be as bullish about getting money out there should a crash occur.

You can bet there will be a huge bailout when the time comes, even with Harper at the helm. A very, very strong possibility.

pkennedy says

Banks always seem a lot more conservative in Canada, same with businesses. So they might do pretty well, even if a crash occurs.

Seem, yes... but are they?

http://www.rbcroyalbank.com/products/mortgages/down-payment-options.html

http://calumross.com/articles/mortgage-articles/low-and-no-downpayment/

http://www.mymortgagebc.com/have-questions/low-or-no-down-payment

From the last one:

No Down Payment Mortgage or 100% Financing

If you don't have perfect credit it's not a big deal. There are alternate lenders who will consider providing you with 100% financing.