patrick.net

mell says

Absolutely. There was no sea of cash in 2008 and there is none right now.

So, you have no argument then. Can you explain how treasury bonds are trading at negative real returns then? If there is not a crapload of excess cash looking for any return, how is this possible?

tatupu70 says

mell says

Absolutely. There was no sea of cash in 2008 and there is none right now.

So, you have no argument then. Can you explain how treasury bonds are trading at negative real returns then? If there is not a crapload of excess cash looking for any return, how is this possible?

If you sum it all up, there is no sea of cash. There surely is inequality and fairly wealthy people who would be stupid not to diversify and be defensive at this point. Plus you have Fed monetization. Nonetheless rates will continue to go up slowly.

Call it Crazy says

See, the eCONomy is getting better for everyone!!!

Well since the economy is heavily dependent on credit doesn't that mean that for the economy to being doing "well" that a lot of people are borrowing themselves into irrecoverable debt? Since most of the money(or is that a specific kind of money like "disposable income?") in the economy is held by a few people, doesn't that mean that the economy is doing best when those few individuals are doing best?

Local purchase power index shows that united states is second most powerful in that regard. I don't think that we are at the cliff of apocalypse.

http://www.numbeo.com/cost-of-living/rankings_by_country.jsp

No worries here, I will merely work until I die - problem solved.

mell says

Not the automation horseshit again. There is and will be a growing need for service sector jobs, medical, nursing, even restaurants. Productivity has hardly increased with all the automation and companies are outbidding each other in desperation to find qualified SW engineers (def. a booming sector right now) to take care of all the automation. I am not that negative on employment, just on deficit-spending and currency debasement. Let's talk automation in 20 years again and see if it's a real threat by then.

Not the service sector jobs horseshit again. Wipe old peoples' asses for $15/hr!

Financial worries are for pussies.
There are people in the world living on landfills. They don't worry about retirement: They just wait for the next truck to come and deliver fresh trash from which they can pick food.

Torture = Sacrament

Amazingly, this is not perceived as an insult to Christianity in outer wingnuttia.

Heraclitusstudent says

Financial worries are for pussies.

There are people in the world living on landfills. They don't worry about retirement: They just wait for the next truck to come and deliver fresh trash from which they can pick food.

What do you think we do at Walmart?

She was just saying they should get right with the Lord, Jesus take a chill pill.

Makes sense. 1973 is when Nixon dumped the gold standard and told the rest of the world to do our manufacturing in exchange for using U.S. dollars only for oil.

Waterboard them.

Imagine if the FBI had waterboarded those guys in Boston after the Russians told them to watch them? This would have saved innocent people.

If you don't want to waterboard terrorists, just have no more visas except tourist visas.

Not to mention all the victims with missing limbs....
If waterboarding is considered too violent, maybe we can just run over them with the back wheels on a Dairy Queen truck....

clambo says

Waterboard them.

Imagine if the FBI had waterboarded those guys in Boston after the Russians told them to watch them? This would have saved innocent people.

Apparently, it doesn't worry them enough to actually work at saving money, but it does worry them enough to vote for politicians who promise they will rob somebody else to get them the money.

Retirement Remains Americans' Top Financial Worry

#2 on the list was:

Dying Penniless in a Crack Hotel.

And #3 was:

That I Would Have To Pay For All of This

#4 is "Can I get the money I spent on lottery tickets back?"

She operates on two neurons.

One is inhibitory, but intermittent. The other opens her mouth, opens her legs and pulls the trigger in no particular order.

millions of foreign workers, illegal and legal, drive wages DOWN.

Wrong Bundy. I though the thread was about Al. Very disappointing.

APOCALYPSEFUCKisShostikovitch says

necrobestiality porn

I had no idea this was a thing now.

Well at least it's better than homo-necro-pedo-bestiality.

He can choke down chick dick and ride rump roast until the cows come home: no miscegenation.

It's cheating a little, but not entirely inconsistent with his illustrious philosophy of not mixing the races.

Time to consult the illustrated glossary of obscene terminology.

Maybe the kid was lighting farts from his colostomy stoma. That almost qualifies as a felony.

CaptainShuddup says

She was just saying they should get right with the Lord, Jesus take a chill pill.

Yes .

Stupidity makes her more down-to-earth. I like her more and more.

Has anyone tried the zillow "premarket" feature lately? I see a considerable increase in # of properties in distress. Steam is running out no matter what inventory on the top shows.

The Professor says

What good is a mansion on an estate if you have to have paramilitary guards at the gate to keep the cannibals out?

Hehe, to protect the yam in the backyard.

I'm not sure what you are trying to accomplish here with quoting Sterling. He has a history of well publicized quotes of pitting Hispanics against blacks, blacks against Hispanics, whites against blacks, Koreans against blacks. Who knows why he says the things he does, but his quotes regarding race certainly shouldn't be given any credibility even if he's Jewish.

bgamall4 says

EBGuy says

but not as much as it will when the recast hits and principal must also be repaid on a 20-year schedule.

Of course. We are not talking about interest rates, New Renter, we are talking about the need to pay Principle!! It is going to kill housing until the rich want to buy more. Unless they think it is a lost cause.

No its all about he monthly payment and whether those people refi'd into a new mortgage that will allow them to make their monthly nut.

bubblesitter says

The Professor says

What good is a mansion on an estate if you have to have paramilitary guards at the gate to keep the cannibals out?

Hehe, to protect the yam in the backyard.

Kinda overkill for one yam don't you think?

New Renter says

Kinda overkill for one yam don't you think?

Every yam counts when cannibal anarchy hits.

bubblesitter says

New Renter says

Kinda overkill for one yam don't you think?

Every yam counts when cannibal anarchy hits.

The cannibals aren't coming for your yam. Except perhaps as a side dish.

Americans Are Starting to Miss More Mortgage Payments

It's all Obama's fault!!!

My be because slumlord ship rate is going up.

Pretty soon a sole property on sale in a neighborhood like Compton,Stockton,Oakland,CA will fetch a few million $ a piece. Way to go! Low inventory rules.

A communal apartment living where 7 families rent out 7 rooms and share one bathroom and 1 kitchen above a pizza joint will be the new normal and everyone will have time to paint.

dublin hillz says

A communal apartment living where 7 families rent out 7 rooms and share one bathroom and 1 kitchen above a pizza joint will be the new normal and everyone will have time to paint.

Where? In Mexico city?

I don't know what is in the mind of renters, but unlike past renters, today renters often have a positive net worth including a 401K.

If you have equity in something, it is irrelevant what it is, actually the assets like mutual funds are more liquid and useful than real estate anyway.

The trade to buy/sell a stock costs me $2 at Vanguard Brokerage, selling/buying a house is about $10,000 in just fees.

There may be a lot of happy renters out there, and unhappy women wanting that house with the picket fence.

clambo says

don't know what is in the mind of renters, but unlike past renters, today renters often have a positive net worth including a 401K.

If you have equity in something, it is irrelevant what it is, actually the assets like mutual funds are more liquid and useful than real estate anyway.

Liquidity! Although it comes at a risk.

clambo says

There may be a lot of happy renters out there, and unhappy women wanting that house with the picket fence.

Man, you read my mind.

Pick the bank with the better rate of course.

You could also save up the dough and pay the roofer out of your pocket.

Same with the painter.

clambo says

Pick the bank with the better rate of course.

You could also save up the dough and pay the roofer out of your pocket.

Same with the painter.

I would prefer to do that too.. In the first 3 years of owning our home we did $7K of interior work before move in... Then about $3K of pool equipment work the next year... Then $6K of landscaping work and last year $6K to install a brand new HVAC system. So we've put in over $20K out of pocket in 3 years... My wife has one more year of schooling left and we've got nanny expenses now too.. So I didn't want to stretch us too thin this year by paying cash for the roof.

But I also hate stressing the FEW times a year it rains in So Cal.... over whether I'm gonna come home to a leak. Tough call.. I have the summer to think about it atleast.. Never rains in So Cal in the summer.. atleast not downpours.