patrick.net

Just like PCs are losing market share to tablets, mortgages are down in favor of all-cash.

For every one person that needs a mortgage, there are twenty Chinese ready to overbid with an all-cash offer. And even in the worst case, there are over a billion of them... all you need is one.

control point says

"Priced off" does not equal "fixed."

FOR....FUCKS....SAKE....

So? What is your beef actually?
You think corporate bond yields are low due to some other reason, and the Fed has no effect in influencing it?
Why do you think corporate debt level is at historic high?

Buyers are gone, so are the sellers with the dream of buyers for their overpriced shacks.

exfatguy says

there are twenty Chinese ready to overbid with an all-cash offer. And even in the worst case, there are over a billion of them... all you need is one.

Yeah, there is no way to stop the tsunami of Chinese billionaires willing to bet in our market. After all it is our money anyways.

gsr says

So? What is your beef actually?
You think corporate bond yields are low
due to some other reason, and the Fed has no effect in influencing it?
Why do
you think corporate debt level is at historic high?

No..No..

My beef is you both claimed that corporate debt is "pegged" to the 10 year treasury. It is not "pegged."

Corporate debt floats vs. treasuries. A market determines a price for treasuries, a market determines a price for corporate debt. Are they related? Of course, everything is related to the risk-free rate of return.

In Finance, "pegged" means something. The Cayman Dollar is pegged to the US dollar. The Krone is pegged to the Euro. The Venezuelan Bolivar is pegged to the US dollar.

That is all.

I hate it when i'm right....

Checks are being carried out on the background of all of those aboard the plane. Mr Hussein said that checks have been received for all the foreigners except those from Ukraine and Russia - which account for three passengers - and that nothing suspicious has turned up so far.

http://www.independent.co.uk/news/world/asia/missing-malaysia-airlines-flight-mh370-investigators-trying-to-restore-deleted-data-from-flight-simulator-in-pilots-home-9202234.html

SoftShell says

Russian hijacking to take heat off the crimia land grab..

corntrollio says

The fire theory still has its problems -- i.e. it magically knocked out only non-essential systems while incapacitating the pilots, but it's closer than the Tom Clancy stuff.

http://www.wired.com/autopia/2014/03/mh370-electrical-fire/

This pilot says they could have shut down systems to try to isolate the cause of a fire. He says this was actually found to have been done in another fire incident. So the transponder would have been deliberately shut off, but not for nefarious purposes. The climb to 45,000 feet might have been a last-ditch attempt to starve the fire of oxygen. Also interesting is that he suggests the crew could have been incapacitated and the plane just continued flying on the same course until it ran out of fuel, which would account for why it was still tracked hours later. I have no way to judge if this is a reasonable theory, but it seems to make sense.

tatupu70 says

I think Tatupoo needs something he can relate to more in his day-to-day line of work. Poo, think of 'indirectly pegged' like if you mistakenly put the 'For Sale' sign in the backyard instead of the front yard. Sure, you are directly putting up the sign, but you have 'indirectly pegged' it in the wrong location.

You get 'indirectly punked' each and every day, and you don't complain about that phrase.

corntrollio says

The 45,000 feet reading still seems like a red herring. This has always seemed to me to be an amateur theory based on lay (i.e. extremely poor) understanding of flight

Something is certainly not right about the 45,000 number. No one has yet to explain how a 777 with 7 hours fuel on board and a full load of passengers could possibly get anywhere close to that altitude.

We allow it. No one should be able to buy property in a country they are not a citizen of. If they want to be a citizen they should have to jump through all the same hoops anyone else would have to. Same test, and possibly giving up their citizenship in another country to live here. We can't have a healthy democratic republic if half the population is not invested in the republic, and I don't mean in monetary ways. I know its hard for people in our current society to understand, gut there are other ways to contribute to a society. Not a citizen? No property rights in the republic. Welcome foreigners, give them hospitality, offer places to rent, but access to public services paid by taxes, or ownership of property? No way.

Interest rates are prob going to rise - shorting REITs and homebuilders may become more fashionable again ;)

If you like your peninsula, you can keep your peninsula.

hrhjuliet says

We allow it. No one should be able to buy property in a country they are not a
citizen of.

Fully agree!

Prop 13 means that House Holders aren't penalized enough for keeping homes off the market.

Higher property taxes on real estate that isn't a primary residence would light a fire under sellers' behinds.

If Jerry Brown were to have a legacy, it would be to rollback the law that started on his watch.

jojo says

http://fidelityfiplus.econoday.com/byresource.aspx?cust=fidelityFIplus&year=2013&grp=3&rcrid=1097

Thanks to corntrollio for this data source.

Good-so you now understand that they are not pegged but rather correlated.

If it was pegged, they would move EXACTLY in lockstep. The fact that they don't proves they are not pegged.

The word you are looking for is correlated.

Homeboy says

This pilot says they could have shut down systems to try to isolate the cause of a fire.

Yes, that's exactly why the transponder can be disabled -- it might be the cause of the problem. Lots of non-airplane people think that there should be non-defeatable devices on-board commercial planes for tracking, but those devices could always have a wiring fault or other problem that the pilot needs to be able to diagnose. Furthermore, there are legitimate reasons to turn off the transponder -- e.g. for maintenance reasons or because ATC may request that you change your squawk code.

Note that there are still problems with the fire explanation. Typically they'd tell ATC that they are having an emergency and are heading to a diversion airport. Maybe you'd even get a Pan-Pan or Mayday. As I mentioned, the fire also has to be just bad enough to disable some stuff, but not everything, which seems odd too.

bob2356 says

Something is certainly not right about the 45,000 number. No one has yet to explain how a 777 with 7 hours fuel on board and a full load of passengers could possibly get anywhere close to that altitude.

Yeah, I agree -- that's what I mentioned above. The number could easily be incorrect or reported wrong. The funniest thing is all the people saying 45000 = passenger death. That's just incorrect.

hrhjuliet says

No one should be able to buy property in a country they are not a citizen of.

Why not? At least it means we have something we can produce that we can sell the Chinese. And for a huge profit.
Just build more of it so there are enough for Americans.

hrhjuliet says

We can't have a healthy democratic republic if half the population is not invested in the republic

Are they even living here?
At the next war with China, all these houses will be confiscated right back and these Chinese who are living here parked in a camp.

jojo says

Choose whatever words make you comfortable

OK--I'm done wasting my time on this. Words have meanings. You can't change them to suit your needs. Unless you are an Austrian, of course.

I wonder if he'll lose his MLS access for this.

jojo says

@tatupu

gsr says

So? What is your beef actually?


You think corporate bond yields are low due to some other reason, and the Fed has no effect in influencing it?


Why do you think corporate debt level is at historic high?

I think that's been explained numerous times. With the current levels of wealth disparity, the US is literally awash with cash looking for somewhere to go. A lot of it goes into bonds which drives the yield down. It's called the free market--not the Fed.

Call it Crazy says

Why???? You do ALL the time!!!

Example?

Who am I kidding. Of course you won't have any examples.......

Iosef V HydroCabron says

I wonder if he'll lose his MLS access for this.

He'll still have access to plenty of tight holes to exploit regardless.

So I vote for him being allowed MLS access as it won't make a difference in justice.

Call it Crazy says

Here's your examples:

http://patrick.net/comments.php?a=2670

Yep--that's what I figured.

Call it Crazy says

Should we start a poll here to see how "useful" your comments are and let the membership decide??

Sure--and let's do the same about your comments.

Just when I thought you could not raise the bar any higher...

I see a PSA, quite noble

APOCALYPSEFUCKisShostikovitch says

Witnesses called police, alleging their neighbor was raping his 8-month-old female dog on his porch.

Nothing gay about that, so at least he isn't some homo sicko like FortWayne is always worried about.

To all the Baby Boomers thinking about moving to Florida, remember this is what you are moving to.

APOCALYPSEFUCKisShostikovitch says

Witnesses called police, alleging their neighbor was raping his 8-month-old female dog on his porch.

Are you sure it wasn't just a Baby Boomer and a Millennial. It's pretty much the same relationship.

APOCALYPSEFUCKisShostikovitch says

Dan8267 says

FortWayne

Is FortWayne being stalked?

Did he recently retire to Florida, or vacation there? 61 would be about the right age, and Bull would be a more apt name....

Maybe the dog was his preferred mortgage broker.

corntrollio says

As I mentioned, the fire also has to be just bad enough to disable some stuff, but not everything, which seems odd too.

No, I think his theory is that it wasn't the fire that disabled systems, but rather the CREW that disabled the systems in the process of trying to diagnose what went wrong. And he claims there's precedent for that:

The 1998 crash of Swissair DC-10 off Nova Scotia was another example of heroic pilots. They were 15 minutes out of Halifax but the fire overcame them and they had to ditch in the ocean. They simply ran out of time. That fire incidentally started when the aircraft was about an hour out of Kennedy. Guess what? The transponders and communications were shut off as they pulled the busses.

Homeboy says

No, I think his theory is that it wasn't the fire that disabled systems, but rather the CREW that disabled the systems in the process of trying to diagnose what went wrong.

I got that part. What I mean is that the fire disables things enough that the pilots have to diagnose it, as opposed to just shooting halon in the cargo hold or shutting down an engine. The hypothetical fire also disables the flight crew in this scenario, but doesn't disable the plane, which keeps flying for several hours. I'm not saying it's impossible, just saying that it's a potential problem in the explanation.

I'm familiar with the SR 111 incident, but that plane was disabled enough that it crashed, quite forcefully, I might add. If I remember correctly, the FDR and CVR stopped recording about 15 minutes after smoke was first detected in the cockpit, and the first officer was still alive at the controls for at least another 5 minutes because he shut down one of the engines about a minute before impact.

I'll wear my tutu and tiara.

tatupu70 says

With the current levels of wealth disparity, the US is literally awash with cash looking for somewhere to go.

Really? You think we have net more cash than what we had in 1980? How do you think it happened? Do the rich guys more grow cash on trees?

Robber Baron Elite Scum says

And ME in person so I can choke and kill all you worthless fucking peasants.

And I thought all that you really wanted was some ass fucking.

gsr says

Really? You think we have net more cash than what we had in 1980? How do you think it happened? Do the rich guys more grow cash on trees?

Productivity increases.

I saw a female pit bull dragging a realtor around by the penis once. I wondered why the pit bull had such bad taste.