patrick.net

dublin hillz says

But the only way that wealth disparity will decrease if for example the top tax rate goes up from 39% to say 44% while the rate on the middle classer goes down from 25% to 20%. The problem is I have never heard of any politician propose such an approach. They basically make it sound that taxes on the rich need to go up and don't propose lowering the taxes on the middle class. If the taxes on the middle class don't go down, how are we supposed to assume that their standard of living will increase even if taxes on the rich go up?

Yep. That's the problem. In fact, under Obama, the tax burden for the middle class increased greatly, not to mention inflation/debasement.

i have your undivided attention bigsby. you are the biggest liar of all.

reuters is reporting it as the economy back on track.

http://www.reuters.com/article/2013/09/18/us-usa-housing-starts-idUSBRE98H0HH20130918

Iwag says

i have your undivided attention bigsby. you are the biggest liar of all.

I wouldn't go quite as far as undivided Darrell. I'm also trimming my toenails.

dublin hillz says

I don't think so. If they purge stalinist style, there will be less consumer spending...

It won't matter. By then, the only consumers will be the top 1%. The bottom 99% won't have any money to spend. They'll barely be able to survive.

In effect, the top 1% will have created an automated system which works exclusively for them and nobody else. The bottom 99% will die of starvation or be eliminated by force. That's the endgame.

To add further support to those who think that the real estate market is headed lower:

http://wallstcheatsheet.com/stocks/10-signs-americans-are-still-stuck-in-the-great-recession.html/?ref=YF

Look through those charts (source: US BLS) and tell me:
1) Are wages increasing?
2) Are more Americans working today than in the past?
3) Is our population participation rate any better than it was 30 Years ago?
4) What is the real unemployment/underemployment rate for all of the USA (U-6 plus those that want work but have stopped looking and have fallen out of the statistical pool) (hint: its above 20%)

.....and (drumroll please) what will these factors do to the overall price of real estate for the near term and long term? Or is none of this information relevant to real estate?

Obama sold out every average American to his criminal Bankster contributors, criminal Wall Street thug contributors, and war criminal military industrialist contributors.

I was a life-long Democrat until now. Welcome to the USSA ... pull either lever when you vote.. the rich own them both .

Hillary's the next poodle of the rich... with a half-million in gold jewelry draped around her neck as a "gift" from the King Of Saudi Arabia (per State Dept. recent statement).

John Bailo says

Can you post the link from Redfin documenting this?

also the plot # and tax assessor record

unless his name is attached to it, its all a lie

marcus says

FortWayne says

That watch is correct at least twice a day.

IT's got you beat.

Home team advantage.

egads101 says

E-man says

If you believe the Elliot Wave Theory,

... then you are an idiot.

Or any other stupid moronic technobabble analysis.

Roberta!

I can't believe I'm agreeing with you here.

Technobabble doesn't work when markets are so rigged.

BTW, gold is up $30 since uncle Ben just announced--SURPRISE, SURPRISE--that there will be no taper.

Keep inflating away those bernanke bux.

Headlines suggesting opposite conclusions! Happens all the time. I get a real laugh looking at headlines presupposing why the major stock indices are rising or falling on a given day. Talk about contradictions!

Call it Crazy says

dublin hillz says

What matters in the end though is that the american poor has a standard of living that's head and shoulders above the ones "enjoyed" by the poor in the 3rd world.

I'm sure the half of the country that's paying the tax bill to support these better "standards of living" for the american poor are really happy...

The middle classer in the 25% bracket should not be happy about this. For the well off in the 35% and 39% bracket, I don't really have much sympathy, especially those who are the "small business" owners as many of them are known to cook the books and hire people under the table.

Wow. The Fed must have said they aren't going to "taper" yet. The big spike happened right at 2pm.

look at this asshole, he's bringing all of his alt accounts out to play!!!

this is getting sad even for a liar

freak80 says

The Fed must have said they aren't going to "taper" yet. The big spike happened right at 2pm.

And Bloomberg's article announcing both that cause and that effect is time-stamped at 2:05pm: "Stocks Rally With Treasuries, Gold as Fed Resists Taper... “The Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington."

There you have it. The Committee decided, and the markets did what the Committee told them to do.

sbh says

Go baby, go baby! Now, if we can just get an absolute logjam over the debt ceiling and default, and get a downgrade on our sovereign debt. Go baby, go baby!

No need for any of that stuff. The world finally realizes the emperor has no clothes.

What is a good sell target?

dublin hillz says

freak80 says

Humans are becoming obsolete thanks to computers and automation. We'll all be on welfare in the coming decades, assuming the top 1% doesn't "eliminate" useless parasites like us.

I don't think so. If they purge stalinist style, there will be less consumer spending...

When full automation is reached, you don't need consumer spending.

It's Georgism or genocide.

sbh says

mell says

Why? You are investing in things of real value, not blown up fiat asset bubble crap.

The point is, Mell, my politics don't drive my management of capital. I own companies I despise because it makes me money. At the heart my criticism of SOME, certainly not ALL of youse Libertarians is that you seem tyrannized by your dogma, and you ignore using capital effectively if such use fails the purity test of your politics.

I trade mostly low-beta stocks in the biotech area on the long side as this is my main interest. If you mean by tyrannized that I am trading housing and banking only when a short play makes sense, then yes, I am guilty. But it's the least I can do for this society ;)

freak80 says

In effect, the top 1% will have created an automated system which works exclusively for them and nobody else. The bottom 99% will die of starvation or be eliminated by force. That's the endgame.

Exactly. That's why it's Georgism or genocide.

Of course, once the 1% kills off the remaing 99%, their descendants will forever fight each other to the death to survive. That's where that path leads.

Georgism leads to everyone having a good base quality of life, and some people working to increase the material quality or gain some sense of fulfillment.

However, if the 1% kills the 99%, I think they'll do it gradually, at least at first, and subtly so that the 99% doesn't notice their numbers dwindling. Sure, the 99% will see other people's numbers dwindling, but they won't realize they are all in the same group.

Housing is going to skyrocket from here... I think another 20-30% gains in housing (depending on the market) over the next year is my bet.

Gold is going nuts.

Dan8267 says

once the 1% kills off the remaing 99%,

How will they accomplish this - via "prison industrial complex" or do you envision U.S. transforming into a classic fascist states with death camps?

Well, that escalated quickly. It's a great day to own anything but the USD.

Gold blasting through +4% now. I would think we've seen the bottom in gold for some time. Meanwhile, physical continues to move to stronger hands.

curious2 says

There you have it. The Committee decided, and the markets did what the Committee told them to do.

Of course. The rich are now instantly 1% richer. The rest of us are stuck with higher food and fuel prices.

freak80 says

curious2 says

There you have it. The Committee decided, and the markets did what the Committee told them to do.

Of course. The rich are now instantly 1% richer. The rest of us are stuck with higher food and fuel prices.

What's not to like about socialism and central (banksta enrichment) planning? ;)

I could see gold getting to $1380-90, and then some profit taking. If it can blast above $1400, then we can go to $1425.

The key is to watch job reports next, and then of course the next FOMC meeting.

Today was a good trading day. I ran an option strangle on SLV for a 500% gain, and bought some silver miners with tight stops, for an average 10% gain.

Tomorrow we may see some follow through buying, and I'll fade out of these positions if we continue upwards.

$1000 gold intermediate sounds about right to me. It could go lower. I think we'll see a run at $1400 short term before that happens though.

sbh says

freak80 says

Of course. The rich are now instantly 1% richer. The rest of us are stuck with higher food and fuel prices.

You can take that view, but why wouldn't you anticipate the situation and put yourself in the position to benefit by it? We don't have to require of our capital the same advocacy as our votes.

That depends. If you're still youngish you can take risks and speculate together with the markets and asset bubbles. The older you get, the more conservative your financial planning becomes and usually should become, because if you get caught in a bust you are left with little. That's why older people tend to either save or stick with pensions and they are getting the shaft because they get nothing.

http://market-ticker.org/akcs-www?post=224426

sbh says

You can take that view, but why wouldn't you anticipate the situation and put yourself in the position to benefit by it? We don't have to require of our capital the same advocacy as our votes.

I'm doing that right now. I'm tired of "fighting city hall" as my late grandmother used to call it.

It's sad that the quickest way to make money these days is financial speculation, backed by easy money policies. Is that due to the political influence of the financial sector, a sector which has ballooned in the last 30 years?

Of course right now the Fed probably has no choice but easy money policies...if they tightened we really could go back into recession.

If inflation expectations drive oil prices too high, we can always invade another country and steal their oil. The political influence of the "defense" industry will back that option as well.

Say hey! This was in the Wall Street Journal on March 30, 1999:

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Wednesday, September 18, 2013 __ Level is 100.2

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes indeed, go here:
http://patrick.net/?p=1219038&c=999083#comment-999083

Duck wins.

Why??

Because he realizes the game is manipulated, it's not organic, it's contrived. The bank are still holding inventory and hanging on to distressed squatter properties, they need prices to stay up so their losses are minimized. I doubt all the investors would enter the market like they have if a crash was coming.

The game is rigged and the Fed just confirmed it. Learn to play or just be happy you are not in it.

How do you be a contrarian investment wise?

"to show what an utter asshole he is when housing prices tank and his wifes investment goes down the gutter in concord."

Iwag! Do you also have a supporting argument/evidence for your statement?

But that means more QE, so stocks and bonds are up! Bad news is good news thanks to the "taper" paranoia.

I had cloud13 as my account and I was a perma bear for years ( check out my posts ).

Call it Crazy says

The Fed predicts that the economy will grow just 2 percent to 2.3 percent this year, down from its previous forecast in June of 2.3 percent to 2.6 percent growth.

http://finance.yahoo.com/news/fed-downgrades-outlook-us-economy-180029632.html

If there is this big recovery going on- why do we still need QE after five years

Iwag says

obama gave me and all my friends money for free meds, housing, food, all paid by liberals like you! but we use the money instead on hookers and blow. we love obama!

Representing the stupidity & hate combo.

Good job.

"darrrrrrrrr, fox news rocks !! Me have it all figured out !!"

The beatings will continue until morale improves.

The QE will continue until the economy improves.

Will the middle class recovery start after the wealthy recovery is firmly in place? Still comes down to jobs, jobs, jobs and the numbers still suck.