patrick.net

How's the snow in your area today??

Affecting house sales in 2013 yet?? Just checking....

Or, is there another fairy tale you want to tell us today??

Don't know, or care, and as I've previously said I don't follow the number of sales of homes on a daily, or even weekly basis because it's pointless.

42420 upisdown 2014 Feb 6, 1:16am

How's the snow in your area today??

Oh, piled up in huge piles, so much that the city is panicking about spreading out the huge piles so when the snow melts it won't flood streets and be dangerous when the water refreezes at night and cause further damage to the streets and curb/storm intakes.
So, now after I've been paid to remove that snow from large areas or lots and pile it into massive piles, I get to move it into a bunch of spread out small piles, and get paid for it.

42421

indigenous 2014 Feb 6, 1:22am

indigenous says

It is pretty trippy how debt and leverage control this country.

As Larry Summers said, you have bubbles or you have depression. Of course there is a third way, regulate the bankers in their pushing up commodity prices and let the markets be free. But then, you have to make sure QE gets into the hands of the people.

I would not take what Larry Summers says to the bank

There is a third option...

42422 upisdown 2014 Feb 6, 1:23am

I have to give you credit... You can definitely spew keyboard diarrhea
without ever providing one piece of usable information!!

That's pretty rich coming from the internet real estate analyst/mogul. I was about to type that 'Donald Trump you're not', but thought about that and remembered how everything that he touches turns to shit.

Isn't your presence required over at The Burning Platform, or shouldn't you be tweeting the magic and wonders of buying gold?

42423

mfs.admin 2014 Feb 6, 1:35am

Excellent information and most of here on Patrick have been in the know. Sadder is that we here are a minority, and that most of the citizens believe the news, in fairy tales, the tooth fairy and that their government and politicians are our friends...

42424 upisdown 2014 Feb 6, 1:36am

Wow, sounds horrible... I bet that will really have an affect on house sales
last year in 2013 in your area....

What are you, 12? Why is that you extremist morons are always so obnoxious and repetitive?
It's bad enough that you you burp out the same nonsense over and over and over............but you never learn anything in the process. Don't you ever tire of being so f-n stupid? My gosh, I actually truly feel sorry for you, I shouldn't considering the extent that you've gone to to annoy me, but I do. Have you been this way your whole life, or just since you've discovered the internet and think that it's an outlet to express yourself, or make some scratch antagonizing people? Here's one of the many examples:

BTW, I'm STILL waiting for YOUR charts, data points, links or graphs... (Hell will freeze over before we get them though...)

LOL, see what I mean? Again, I'm not implying ANYTHING, nor have I other than calling you outon your usual BS. FWIW, I think that it's a toss up between you being an idiot, or liar. You're actually pretty adept at both. If only there was a more productive way for you to utilize those traits.

Oh well, never mind, I don't really care, and I shouldn't have went along with your BS as much as I did, and any further responses to you is just continuing your antics and giving you a stage for it, which should be discouraged, not ENcouraged. I hope that you get rich doing what you're doing, I doubt it, but I guess that it's better than you robbing people with a gun.

Good luck.

42425

New Renter 2014 Feb 6, 1:40am

Dan8267 says

APOCALYPSEFUCKisShostikovitch says

fought with a naked man outside their Delray Beach home

Of course he's naked. They always are.

Now you guys know what I have to put up with. All my neighbors are like this.

Sounds like a slow day in Berkeley. The naked cannibal anarchy is so commmonplace its not even newsworthy anymore.

42426 mell 2014 Feb 6, 1:45am

I would not take what Larry Summers says to the bank

Yep. That would be dangerous ;)

http://www.foxnews.com/politics/2014/02/06/florida-house-aims-to-protect-school-kids-who-play-with-imaginary-guns/

No plan is necessary. Just quit increasing the money supply, which decidedly benefits the rich.

Agreed.

42427

Tenpoundbass 2014 Feb 6, 1:48am

Phew, at least our elementary student will be well armed with a finger gun to fend them off.

42428 mell 2014 Feb 6, 1:54am

I mean, you can criticize SSE all you want and some criticism may be valid, but anybody who thinks they increase general wealth and improve the economy by turning $100 into $200 via a printing press should rethink before tackling more complex economic problems ;)

42429 upisdown 2014 Feb 6, 1:54am

indigenous
says

I would not take what Larry Summers says to the bank

Yep. That would be dangerous ;)

indigenous
says

No plan is necessary. Just quit increasing the money supply, which decidedly
benefits the rich.

Agreed.

So, explain just how it works out for the masses and against the plutocrats if you starve the economy of money and unemployment goes up, bankruptcys increase, stocks are sold, or worse for losses to survive, etc., etc.,....................

42430

Bigsby 2014 Feb 6, 1:57am

... You haven't provided NOTHING of substance through this whole thread

So he's provided something of substance then. What have you been complaining about all this time?

42431 mell 2014 Feb 6, 2:02am

upisdown says

So, explain just how it works out for the masses and against the plutocrats if you starve the economy of money and unemployment goes up, bankruptcys increase, stocks are sold, or worse for losses to survive, etc., etc.,....................

There is no solution to this because recessions are a naturally occurring phenomenon. But they come and go, and they benefit people in the long term to save for worse times, take the Germans for example who don't blow bubbles although the wealth disparity is just a tad less than in the US. The US is next to go through that transformation and become a bigger nation of savers again.

42432 control point 2014 Feb 6, 2:06am

http://www.cbpp.org/cms/?fa=view&id=3629

It would be interesting if CP posts the times when inequality was at it's
greatest.

Figure 3, its the best I could find. Rising from 1931 due to austerity measures until the recession of 1936-37 allowed Roosevelt to increase spending, enacted the WPA, SSA, and Wagner Act.

All fine and dandy until the deregulation boom started in the late 1970s, then trending upwards ever since. Trending upwards since 2009 due to the recovery...as it did in 2003, 1994, and 1982. You simply cannot look at a short time period and correlate the data to anything - there are other factors.

However, over the long term - there was a fundamental shift in the late 1930s through the late 1970s of a decline in inequality. This started with increasingly progressive tax rates, strengthened labor unions, and social programs.

This trend ended and was revered starting in the late 1970s - after a fundamental shift was undertaken regarding progressive income taxes, regulations, and weakening of labor unions. This trend has maintained an overall positive slope through 4 major recessions. The low level of inequality in the early 90s recession was much higher than the high level of inequality during the go-go mid 1980s. The low in inequality after the mid 90s recession was higher than any time during the 1980s and even the feel good Gulf War early 1990s. The low level of inequality after the "Great Recession" was barely lower than it was at the peak of the tech boom.

Look at the chart - it has two inflection points. What happened in the late 1930s and late 1970s that completely changed the slope of inequality? I have given my theories - what are yours?

42433 mell 2014 Feb 6, 2:09am

Look, I am not advocating removing any safety nets here, neither am I putting myself into the Austrian corner (who started that anyways?), all I am saying I believe a nation must embrace capital formation and curb debt-driven spending and let interest rates adjust. And I am saying that logic defies the notion that printing money - even worse when injecting it at the top - increases the general state of any economy (same goes for permanent price controls). That's all. If that's Austrian, so be it.

42434 upisdown 2014 Feb 6, 2:15am

There is no solution to this because recessions are a naturally occurring
phenomenon.

No, they're not like a tornado, it takes deliberate actions on behalf of various people to make a recession.

My questions were in response to this remark by you:

If increasing the money supply would benefit everyone instead of just the
first-in-line receivers (banks, wealthy, connected), why don't they allow every
poor and middle-class schmuck to print their own money (you can even limit the
max. amount if you want to be fancy)?

A $17 trillion dollar economy doesn't run on 50 bucks, and acting as if it does is disingenuous, just as much as claiming that there's some ultimate and grand benefit to spending money first, when the process of the monetary system functions.

42435 mell 2014 Feb 6, 2:24am

upisdown says

A $17 trillion dollar economy doesn't run on 50 bucks, and acting as if it does is disingenuous, just as much as claiming that there's some ultimate and grand benefit to spending money first, when the process of the monetary system functions.

If you encourage people to take on more debt even for less interest by depressing rates, the economy will never be on sound footing. And as long as there is no fairness enforced, as long as bankers who committed clear cut fraud, can't recall where the 500 million in their untouchable (by law) customer accounts went, roam free or worse, continue to get million dollar bonuses and pay raises instead of being prosecuted to the fullest extent of the law, your only hope is that they get wiped out in the next recession and there are no grand solutions, certainly not QE. The people who are smart enough to save will likely diversify outside of US territory on such a negative outlook (which will hurt the economy further).

42436

indigenous 2014 Feb 6, 2:28am

The US is next to go through that transformation and become a bigger nation of savers again.

Do you see this because of international currency re-balancing?

42437 upisdown 2014 Feb 6, 2:29am

If you encourage people to take on more debt even for less interest by
depressing rates, the economy will never be on sound footing. And as long as
there is no fairness enforced, as long as bankers who committed clear cut fraud,
can't recall where the 500 million in their untouchable (by law) customer
accounts went, roam free or worse, continue to get million dollar bonuses and
pay raises instead of being prosecuted to the fullest extent of the law, your
only hope is that they get wiped out in the next recession and there are no
grand solutions,

All that to repeat what you've already said?

certainly not QE.

Is that not an asset swap? Yes, it artificially inflates bank reserves when they were never reserve restricted anyway.

42438

indigenous 2014 Feb 6, 2:31am

control point says

Look at the chart - it has two inflection points. What happened in the late 1930s and late 1970s that completely changed the slope of inequality? I have given my theories - what are yours?

Mine is simple when the money supply increased it benefited the rich by being able to invest ahead of the inflation. This is indicated on your graph and mine in the late 20s and again in the 2000s.

42439 control point 2014 Feb 6, 2:37am

http://research.stlouisfed.org/fred2/graph/?g=rLx

Mine is simple when the money supply increased it benefited the rich by being
able to invest ahead of the inflation. This is indicated on your graph and mine
in the late 20s and again in the 2000s.

So money supply didn't increase from the late 1930s through the late 1970s?

I don't think so....

42440

Bigsby 2014 Feb 6, 2:46am

Bigsby says

And wow, I have 12 ignores all gained when I was arguing with Darrell 2 years ago. Shocking stuff.

Pretty much, since you never bring anything of substance to the discussion....

Then we share something in common apparently.

42441 upisdown 2014 Feb 6, 2:51am

Bigsby says

Duh, I don't start threads because I don't feel the need to draw attention to
myself. You on the other hand... And pretty much everyone here argues with
others, do they not? That's all you do. The difference with you is that you get
your arse handed to you time and time again and yet you still come back for
more. Seemingly, your stupidity knows no bounds.

And wow, I have 12 ignores all gained when I was arguing with Darrell 2 years
ago. Shocking stuff.

LOL, I warned you about his nonsense. Having a rational discussion with him is like trying to drown a fish.

It won't ever happen.

42442

Bigsby 2014 Feb 6, 2:52am

Bigsby says

Then we share something in common apparently.

Not even close, but here, I have something for you for all your hard work:

Presumably that's part of your monthly pay check.

42443 upisdown 2014 Feb 6, 3:07am

You are condemned. You may as well just kill yourself after saying God is a
Zionist.

LOL, 2 fictions make 1 real, right?

42444

Bigsby 2014 Feb 6, 3:08am

Bigsby says

Is 'he' recording all your hoax drivel as well? Falsely accusing parents of faking their childrens' deaths can't exactly be a good thing. And hey, maybe God is a zionist...

You are condemned. You may as well just kill yourself after saying God is a Zionist.

With any normal person, I'd think you were joking, but as it's you...

42445 anonymous 2014 Feb 6, 3:16am

I have a question, because I'm not certain on the exact mechanics of it all.

How did all the dollars in existence today, come into existence?

The USDollar is barely 100 years old, so that means at the turn of the 20th century, usdollars didn't exist. How did all of the dollars that exist today, enter circulation?

42446 upisdown 2014 Feb 6, 3:17am

Yeah, well, you have to understand that Zionism is real. David Rockefeller
said there is a NWO. The capital, according to David Ben-Gurion, father of
Israel, will be the world court in Jerusalem.

Anything else? I can't prove the existence of God to anyone. He proves it to
his elect. As the Apostle Paul said:

LOL, you're consistant and persistant redundancy isn't to be admired or worn like a badge of honor. The NWO?

Are you sure that there's enough room or even demand for more than one kook on the net or in this world with the Alex Jones dogma?

A curse? LOL

42447

Bigsby 2014 Feb 6, 3:21am

Bigsby just said that God is a Zionist. The curse applies.

Good grief you plum. I'm an atheist. I'm pointing out that you have zero knowledge of the existence of God and that for all you know 'he' may be a zionist. It's just as likely as your particular version of what God is.

42448 mell 2014 Feb 6, 3:22am

http://en.wikipedia.org/wiki/Heteroscedasticity

mell says

The US is next to go through that transformation and become a bigger nation of savers again.

Do you see this because of international currency re-balancing?

Yes, I think those calling for a more serious dollar devaluation were early, esp. since the race for debasement is joined by many countries and since there is international money flowing into the US mostly in real estate because they are afraid of their governments. But on the long run I see the dollar weakening and more and more trades being done outside of the petrodollar in alternative currencies. That's also why they need to continue tapering.

42449

indigenous 2014 Feb 6, 3:25am

control point says

indigenous says

Mine is simple when the money supply increased it benefited the rich by being

able to invest ahead of the inflation. This is indicated on your graph and mine

in the late 20s and again in the 2000s.

So money supply didn't increase from the late 1930s through the late 1970s?

http://research.stlouisfed.org/fred2/graph/?g=rLx

I don't think so....

money supply in comparison to the market

42450

sam1 2014 Feb 6, 3:25am

The data displays what's known in statistics as heteroscedasticity.

Simple interpretation: some conservatives are devout Christians who don't drink very much, while those other conservatives who drink do so at higher consumption levels than the average, whereas liberals have more average consumption patterns.

I'd also guess that liberals tend to have more European drinking patterns, drinking wine regularly but moderately with their meals (as opposed to binge drinking). Most of the wine drinking in the US is in the blue states/counties.

42451

indigenous 2014 Feb 6, 3:29am

indigenous says

mell says

The US is next to go through that transformation and become a bigger nation of savers again.

Do you see this because of international currency re-balancing?

Yes, I think those calling for a more serious dollar devaluation were early, esp. since the race for debasement is joined by many countries and since there is international money flowing into the US mostly in real estate because they are afraid of their governments. But on the long run I see the dollar weakening and more and more trades being done outside of the petrodollar in alternative currencies. That's also why they need to continue tapering.

Additionally the trade deficit will go down.

42452

indigenous 2014 Feb 6, 3:29am

sbh says

Inanity after inanity. You must wear yourself out.

not an argument, just a comment

42453

indigenous 2014 Feb 6, 3:43am

sbh says

OK, what market are you talking about with this inane dodge?

Please be clear what inanity you are referring to?

42454 control point 2014 Feb 6, 3:48am

money supply in comparison to the market

What market?

42455 upisdown 2014 Feb 6, 3:53am