patrick.net

Wallace is turning old school on us. The type of guy that makes you feel good about America's future when he reports the news.

patriotgamer148 says

Is he gonna brake a nail??

This is fucking funny.

Clinton asks for polling oversamnlpling:

What a girl! He could be president but without the balls to do it he just sends in the lawyers. He'd rather fight with a Miss Amexican tart than take charge of a nation!! Where did we come up with this guy? We need a man to do a job and we get Richie Rich in a party dress. Check this out. This is what Im talking about.

http://www.politico.com/magazine/story/2016/10/in-the-land-of-raw-firepower-a-feeling-that-trump-is-out-of-ammo-214382

“With a big set of balls, they could stop any Supreme Court nominee—as many as she gives 'em, because the Constitution doesn’t say there needs to be nine justices,” Steve said. “The best thing that can happen in Washington is nothing, gridlock."

“Trump can’t win,” said Steve, who wouldn’t give his last name because he didn’t want his house blown up (who he was afraid of wasn't clear). Steve, whose accent suggested a hometown somewhere in New England, said that without women, blacks and Hispanics, Trump couldn’t overcome Hillary Clinton. “And that’s game over. He lost as soon as he picked his running mate. You can’t win with two white guys anymore. If he would have picked a woman, she would have been forced to defend him.”

"The politics of the semi-annual Knob Creek Machine Gun Shoot have always been both overt and too obvious to bear talking about openly. Almost by definition, someone who has driven 700 miles from Florida for the pleasure of firing a M2 Quad-50 believes in the inviolability of the 2nd Amendment. This is not a persuadable group that meanders to the polls with a list of pros and cons to weigh"

Just a regular guy knows what it takes. Richie Rich won't get his party dress messed up cuase he's too important to do what it takes to win. Fucking PUSSY!! Be a man and get it done!!

Ironman says

MSM news organizations

Anyone see a problem?

Booger says

Clinton asks for polling oversamnlpling

"oversamnlpling" ... uhh, duhh ... hurpa hurr durpa dur ...

No wonder Hillary is so hated - the two dozen years of making shit up about her is like a fucking mud machine that never stops.

Here's what Pew Research says about oversampling, which involves surveying higher numbers of, say, Basques or Zoroastrians or any other group so lightly represented in a standard random sample that you get no sense of what they think:

Oversampling

For some surveys, it is important to ensure that there are enough members of a certain subgroup in the population so that more reliable estimates can be reported for that group. To do this, we oversample members of the subgroup by selecting more people from this group than would typically be done if everyone in the sample had an equal chance of being selected. Because the margin of sampling error is related to the size of the sample, increasing the sample size for a particular subgroup through the use of oversampling allows for estimates to be made with a smaller margin of error. A survey that includes an oversample weights the results so that members in the oversampled group are weighted to their actual proportion in the population; this allows for the overall survey results to represent both the national population and the oversampled subgroup.

For example, African Americans make up 13.6% of the total U.S. population, according to the U.S. Census. A survey with a sample size of 1,000 would only include approximately 136 African Americans. The margin of sampling error for African Americans then would be around 10.5 percentage points, resulting in estimates that could fall within a 21-point range, which is often too imprecise for many detailed analyses surveyors want to perform. In contrast, oversampling African Americans so that there are roughly 500 interviews completed with people in this group reduces the margin of sampling error to about 5.5 percentage points and improves the reliability of estimates that can be made. Unless a listed sample is available or people can be selected from prior surveys, oversampling a particular group usually involves incurring the additional costs associated with screening for eligible respondents.

An alternative to oversampling certain groups is to increase the overall sample size for the survey. This option is especially desirable if there are multiple groups of interest that would need to be oversampled. However, this approach often increases costs because the overall number of completed interviews needs to be increased substantially to improve the representation of the subgroup(s) of interest

For most of our national surveys of the general public, we conduct telephone surveys using a random digit sample of landline and cellphone numbers in the continental United States. Some of our surveys include additional, larger samples of subgroups, such as African Americans or young people (these are called “oversamples”).

Oh, well: Back to yarns about Bill's tarmac haircut at LAX.

What percentage of the Clinton "scandals" are based on failure to comprehend the meaning of terms?

BTW: I found this using my Google Turbo Pro+ subscription, which costs only $400 a month and enables you to do learny-type things. Send me a check and I'll hook you up with Google Turbo Pro+!

PMI bears... rookies, lack of a currency/commodity background ..

We are on pace to have the longest expansion ever....

Logan Mohtashami says

We are on pace to have the longest expansion ever....

Whatcha mean brother?

thanks

Where is the dividend at now with ARLP? Is there anything special to know , tax wise?

SubOink says

Whatcha mean brother?

You get to mid 2018 with no recession, this is the longest economic expansion without a recession.

72 months of Job expansions that is by far the longest ever

https://loganmohtashami.com/2016/10/07/u-s-job-market-still-moving-forward/

The cycle itself has

- 43 year lows in unemployment claims

- Highest Job openings ever recorded in world history

- Longest monthly job expansion streak ever

All with a oil crash, commodity crash, weakness from Europe, Japan, Brazil, Russia and China too

Logan Mohtashami says

We are on pace to have the longest expansion ever....

Thanks Obama.

marcus says

Thanks Obama.

Thank the American economy and its people.

Presidents have very little capacity in an economic cycle due to their power structure.

I always found it amusing how much time is spent on fighting ideological battles but then again we are human, we are tribal.

Obama I would say is the best liberal Republican President I have ever seen in my life. If anything I can criticize him for not spending enough money in the Great Recession aftermath.

However, our demographics, our economy... even in a light demographic patch, we are still by far the best domestic economy in the world and our Dollar owns it

Longest expansion in history!!!

Exactly!

But wouldn't that be like a pretty comon sense thinking that big pull back is comming soon?

Ironworker says

But wouldn't that be like a pretty comon sense thinking that big pull back is comming soon?

Cycles don't die of old age, there are front line data reads to know if a recession is happening.

Zero for 2016.. but Jan 2016 the biggest amount of Americans bears came out because the stock market had it's worst Start to the year ever

So, price isn't everything, I know you investors here believe that but economics is more that just price, it needs confirmation data.

Hence why I wrote that model in the 2016 economic prediction article, zero recession data lines and this cycle can last a lot longer than anyone thinks... I mean a lot longer too.

Logan Mohtashami says

Obama I would say is the best liberal Republican President I have ever seen in my life.

Yes the fallout from Obamacare is tremendous, as is the fallout from Dodd Frank.

Logan Mohtashami says

If anything I can criticize him for not spending enough money in the Great Recession aftermath.

If the economy is doing so well then why did they need to spend any money?

Logan Mohtashami says

we are still by far the best domestic economy in the world and our Dollar owns it

Because our Dollar owns it, how successful would our economy be with the King Dollar?

indigenous says

If the economy is doing so well then why did they need to spend any money

Because regardless of economics, our infrastructure needs repair

I don't really put more weight on economic multiplier on repair projects.

I think MMT and the real hard left are as fraudulent on economic models as the Gold Bugs are on the right

But, we are very frugal in our direct spending and our mandatory payouts are most of our budget

That is at the federal level, infrastructure should be at the state level.

I have read (from your friend DS) that the infrastructure problem is overrated.

Jerry Brown rigs the game and pushes state liabilities for roads off on the Feds, which is how he rolls on everything.

One of the problems with increasing the money supply is that it influences people preferences away from investing in small business. As they prefer easier investing like buybacks and real estate.

Not that you will read this:

https://mises.org/blog/economic-growth-requires-more-low-interest-rates

Hey Logan,
We are planning a meet of all So Cal Patnetters. Dec 10. Please read Turtle Dove's original post.

It's all Obama's fault!!!

indigenous says

Not that you will read this:

Demographics and natural economic equilibrium is the story here and around the world not interest rates

Consumption levels are at all time highs, domestic investment isn't in terms of rate of growth

This is a natural process for older countries, their investment are much smaller in terms of economic output the older they get

Unless they're building out for a growing labor force

Building out for a growing labor force, consumption by younger people is the most powerful factor of demographics

Logan Mohtashami says

This is a natural process for older countries, their investment are much smaller in terms of economic output the older they get

Where is this from?

indigenous says

Where is this from?

Me

Strategist says

Dec 10. Please read Turtle Dove's original post.

Thumbs up

Logan Mohtashami says

Me

It would be nice to see some backup on this.

He might be an asshole, but he has a good grasp on how Americans actually feel about the issues. Not that he sympathizes or anything, but he understands the groundswell of public opinion that drives large political movements across America.

indigenous says

It would be nice to see some backup on this.

I just wrote it :-)

As a demographic guy, that is the number one thing I believe in

Labor force growth and the consumption vs domestic investment model.

This thesis is the main reason I said housing starts would never reach 1.5 Million in this cycle as everyone was calling for

https://loganmohtashami.com/2016/09/20/housing-starts-roof-being-tested/

All the housing people earlier in the cycle where using 50 year moving average but weren't adjusting to demographics

Logan Mohtashami says

As a demographic guy, that is the number one thing I believe in

Harry Dent just came out with a new book, he is predicting the apocalypse.

indigenous says

Harry Dent just came out with a new book, he is predicting the apocalypse

He uses demographics to sell Books and his work is based on a zero sum game where everything is a bubble

Why I pick on him a lot, he isn't a true demographic guy in the sense.

NO it does not, overtime politcal lies creates the urge for a bloody revolt

Logan, it's been predicted that technology will be replacing 50% of all jobs within 10-15 years. I don't think anyone can stop progress but what do we do about all those people that won't have a job? Will there be enough new jobs to offset it? Any thoughts?

Be greedy when everyone is fearful and be fearful when everyone is greedy.

I see a lot of greed good time, let's party it's all great out there kind of mood.

I feel fearful now!

I was pretty greedy in 2009. Now I'm scared as hell.

SubOink says

Logan, it's been predicted that technology will be replacing 50% of all jobs within 10-15 years.

Every decade a group of people that says, technology will replace all the jobs in America

Today, the U.S. has 155 Million working Americans and 2016 had the highest job openings print ever recorded in human history in all sector

Laws of demographic turnover, makes the entire discussion mute

It's a flawed thesis from the start, always

For technology displacement there has been millions and millions of new sector jobs created as well

The Automation BS, once used to rationalize the disempowerment of Unions as 'inevitable" is now being used to bullshit away outsourcing.

It's better to have a factory automate, going from 500 employees to 100, but those remaining jobs being well paying engineering and mechanic jobs, than to have no jobs at all.

Mind this data for you all...

Manufacturing is where the displacement technology has really happened ... majority of productivity gains

Today Manufacturing employs 11.3 million people 4th biggest sector in the U.S. but it's less than 9% of the total workforce

I total get why you guys are simply paranoid about the deflationary collapse

It's not your fault to a degree, no training in economic data, so you take cult like variables and push ideological agenda into it

This only works on those who don't track data at all...

Well it's true, not everyone can be good at everything. I mean, even many top notch economists suck at their job. It's staggering how often economists are wrong and still are able to maintain meaningful employment. Maybe they are just biased and in the propaganda business.

Economics is far less of a science than medical or nutritional sciences. Economics is about as scientific as sociology, political science or psychology.

Go buy a bunker if you're this scarred

Goodness... stop with this collapse thesis, its terrible

Logan--

You are legend in your own mind. And only there.

Show me one black swan... that didn't have an economic backdrop explaining the causation

I dare you

I double dare any to do this

Rookies, just simple rookies, you have no training in economics and it shows, even with 70 years of data you're cramming a collapse thesis in less than 18 months

I can't make this stuff up