patrick.net

John Bailo says

Last time, he gathered up a few multicolored shirts (not far from t-shirts) at Macy's and with a few other things, cologne, it ended up being $600

Then perhaps you should take him shopping at WalMart instead.

Call it Crazy says

Place your bet... Which one is it??

I have no idea.

I would bet the market would be lower in real terms in 2024.

Call it Crazy says

What about in the next year or two?

I have no idea.

zzyzzx says

you should take him shopping at WalMart instead

You don't have children do you?

maybe when he gets out of office, he can ride in the back of a work truck with Jimmy on the way to a Habitat for Humanity home build.

zzyzzx says

Wouldn't drones be well suited to search for the wreckage over open ocean?

Most drones don't have the kind of range needed. They are long-endurance and low-speed to loiter over combat zones. The infamous Predator for example:

Range: 675 nmi (675 mi or 1,100 km)

A nearby ship could do lots of detailed searching I suppose, but ship-launched is more complex. The X47-B could do it, but it's not operational yet.

Well everyone knows Obama is an empty suit, and wears Mom jeans. Obama also knows EVERYTHING thanks to the NSA and is an iron-fisted dictator. Just like Jimmy Carter.

Vicente says

Well everyone knows Obama is an empty suit, and wears Mom jeans. Obama also knows EVERYTHING thanks to the NSA and is an iron-fisted dictator. Just like Jimmy Carter.

Kind of like Reagan was a simpleton mastermind. That always made us on the left seem illogical too. :)

CL says

Kind of like Reagan was a simpleton mastermind.

Ah but Reagan WAS a mastermind.

http://screen.yahoo.com/president-reagan-mastermind-000000075.html

He just acted the simpleton.

RIP Phil Hartman

Straw Man says

Iosef V HydroCabron says

The toppling of the pro-Russian regime was a consequence of CIA and other U.S. government backing for the opposition and the protesters.

What a steaming pile of crap.

Someone had to finance that operation, it was not a cheap job. Don't know if it was us or someone else, but we do have a history of doing that with other countries.

We did the same thing in Egypt recently after elections didn't go the way we wanted them to.

Vicente says

Ah but Reagan WAS a mastermind.

Yes he was, and he was damn good at it too!

Yeah if a doctor has membership at 40 wineries and lives "check to check" then they are poor by choice.

sbh says

What is "recent" is scalable, and recency bias or normalcy bias is easily used by those who oppose trend.

The recency bias from the past 1200 yrs is that we are 'recovering' from the fall of the Roman Empire.

When SHTF, and cannibal barbarians arrive, this will be revealed as one big illusion.

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

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 Friday, March 21, 2014 __ Level is 103.8

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

I'm not sure whether or not this is an outrage, as I don't know whether the kid was black.

I'm not racist.

Why waste taxpayer cash on this?

If Malaysian Airlines continues to crash planes, people will stop buying tickets.

Let the free market take care of it.

Well, I guess this is pretty close to the last we will be hearing from the troll who calls himself "jojo."

That guy is going to be using a different identity soon.

Call it Crazy says

Two-thirds of those who live paycheck to paycheck aren't poor

If you don't have 6-12 months of living expenses in front of you: you're poor.

jojo says

Ok. I will look for an escrow service.

Patrick should be trustworthy.

Carter wasn't a baaaaad President, he just didn't know how to be a good President. His brother was an embarrassment, and by time the failed Iran hostage rescue, the Elitist Democrats distanced them as far as they could from Carter. In contrast to Obama ever fuck up is obscured in unaccountable secrecy shrouded in unsubpenable misinformation.
Had Carter had the spin team Obama has, or even Regan for that matter, history would blamed Nixon and Ford.

Call it Crazy says

The study, released at a Brookings Institution event, found that these so-called wealthy-hand-to-mouth are older than their poor paycheck-to-paycheck counterparts, have higher incomes (about $50,000) and hold substantial illiquid assets (also around $50,000 on average), like real estate. The poor who live paycheck to paycheck have median incomes around $20,000.

Hey they've got more LET'S GITTEM!!!!
YEAH!!!

This is fun. :-)

Call it Crazy says

The study, released at a Brookings Institution event, found that these so-called wealthy-hand-to-mouth are older than their poor paycheck-to-paycheck counterparts, have higher incomes (about $50,000) and hold substantial illiquid assets (also around $50,000 on average), like real estate. The poor who live paycheck to paycheck have median incomes around $20,000.

Making $50,000 is not wealthy. It's below average.
Affluent is described as having $1 million to invest.

I would still like to see a comparison between Carter's record and the Presidents after him. I doubt I will.

And really? Making fun of his work for Habitat for Humanity? The other presidents retire in elitist splendor, and Carter lives a modest life, while he and his family donate their money and time to extremely wonderful charity groups, and that's a reason to make fun of him?

I'm still waiting.

In the 80's you could have retired with just 100K in the bank.
And lived off the interest.

A million today wouldn't last very long in the bank.

http://www.youtube.com/embed/rw9UrwWOoYk

I don't have anything to measure, so I get to just sit back and enjoy the show. Maybe I should host a digital game party? Popcorn for Patrick, taco salad for corntrollio, CIC some Wild Turkey, wine for Logan, home brew for Dan, and face for Mr. Shostakovich.

Everyone is invited, but the Baron, unless he promises to behave. Turtledove can bring her brownies, and I will make some crazy farm to table Alice Waters recipe and leave it out where Mr. Shostakovich can find it, but not in a place where he has to admit that is his real food of choice; face free.

There is my virtual game party. Feel free to bring anything you like. ;-)

If one has to work for a living then they are considered poor! Rich don't work, they sit on one side of a table and make deals over lunch. Only the poor work for others, even if your a doctor. If you had the money why would you work. Even those with higher incomes are slaves to the lifestyle they have gotten trapped in. That's my take, but I am sure there are some examples. And don't bring up Hollywood, they are slaves to the media and must to what and support what they want or else they get hit...hard!

Heraclitusstudent says

If you don't have 6-12 months of living expenses in front of you: you're poor.

The rule I've heard is more like 2 years. That's probably right given the hiring environment.

CaptainShuddup says

A million today wouldn't last very long in the bank.

Yes absolutely. For example, I hit rock bottom around 2004, and by very frugal living managed to dig myself out of debt and into plus savings. Almost zero extravagances, living like an immigrant/outsourcing worker.

But what is the result of that decade long savings? Today if I pulled together each and every cent I own, I could maybe swing half of a really good house, but then I would also have zero savings from that point on and would still have a mortgage.

And I have what many might term a well paying job and I have worked many extra hours. Also, I feel like I can't make a single wrong move, or I'll end up right back where I started from, like almost everything is a trap or a swindle designed to relieve me of my cash.

casandra says

Rich don't work, they sit on one side of a table and make deals over lunch.

I know plenty of people who aren't rich, but make money by sitting at a table all day and making deals.

Call it Crazy says

Strategist says

Making $50,000 is not wealthy. It's below average.

Go look up median income in the US...

Strategist says

Affluent is described as having $1 million to invest.

I don't recall reading about the affluent in the article above living hand to mouth....

Different article.
http://money.cnn.com/2013/07/24/investing/wealthy-investors/

Check this out too.

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

Not in the bank.
But you could buy four 250k shacks and live off the rental income..
CaptainShuddup says

In the 80's you could have retired with just 100K in the bank.

And lived off the interest.

A million today wouldn't last very long in the bank.

Call it Crazy says

Strategist says

Different article.

http://money.cnn.com/2013/07/24/investing/wealthy-investors/

Don't hyjack my thread with a different topic, start your own!!!

I promise I wont.
$50,000 in annual income is no where close to wealthy. That's my point.

Obviously, the tobacco industry is really going to try to keep vaping from catching on. Hard for me to imagine that vaping isn't way safer than conventional cigarettes for getting a nicotine fix.

However, the tobacco lobby and their dial-a-whore doctors are already alleging it is worse.

The touchy legal question: is it Constitutionally protected to attach tubing with an inhaler to one's ass with a battery powered spark plug, and is it addictive?

If my books were in red I'd be scrutinizing this volatile market at this most dire and crucial time ...you'd think!

Call it Crazy says

Strategist says

I promise I wont.

$50,000 in annual income is no where close to wealthy. That's my point.

Not to a high roller like you, but..

If you make $20K a year, you think $50K IS wealthy...

Call it Crazy says

The poor who live paycheck to paycheck have median incomes around $20,000.

Most people who make $50,000 will not be able to afford an entry level home in most states, especially California.
That is not being wealthy. The definition of wealthy in this article is screwed up.

sbh says

hrhjuliet says

I don't have anything to measure, so I get to just sit back and enjoy the show. Maybe I should host a digital game party? Popcorn for Patrick, taco salad for corntrollio, CIC some Wild Turkey, wine for Logan, home brew for Dan, and face for Mr. Shostakovich.

If you can't get me a premier cru Pauillac I will settle for a slightly peaty single malt. Caol Ila 18 year is a good value.

Good choice sir. I will provide duck and dog hats. I'm neutral, so I'll just wear my tiara.

No, no CIC, I always wear my tutu with my tiara. ;-)