patrick.net

Gary Anderson says

The Fed rope a doped to keep it above negative GDP

Total consumer credit outstanding rose in October to $3.73 trillion http://bit.ly/2har8KS

Democrats are making the same mistake Republicans made, by claims the future will be death and no glory leaving a bar low for Trump to have a decent 4 years.

Commercial and industrial loans at all banks decline by $1.6 billion in a week to $2.098 trillion http://bit.ly/2hvgSfe

The biggest under performer in this economic cycle has been housing and as I have documented for years, that should have been excepted

Rew says

MMR says

Let the Germans side with isis to get their oil;

You spew some world class nonsense. Germany doesn't buy ISIS oil.

Turkey does. It's a back stabbing country. We should kick it out of NATO.

Gary Anderson says

The choice of Secretary of State will send a clear message that the United States will very likely side with Russia

Or maybe just that we are backing off from the relentless, bellicose, antagonism of the neocon era.

You just gave the Secretary of State position to a guy with EXTENSIVE ties to Russian oil interests and who is actually CURRENTLY the CEO of Exxon Mobile. He's not even retired.

But watch out for those libruls!!!! Gonna get ya!!

It's clearly worse than kowtowing to Saudi Arabia
Rew says

You spew some world class nonsense. Germany doesn't buy ISIS oil.

I didn't say Germany bought isis oil....I said they can as an alternative....reading comprehension issues again?

MMR says

WTF, it's good for UK, France and Germany to talk out of both sides of mouth; wouldn't want you know who to start agitating in the streets

Exactly. And the US Deep State and MIC is happy, because the status quo of European Dependence on the US to meddle in the MENA, antagonize and unbalance Russia, and guard Europe with it's Military and esp. Nukes and Missile Shield, means more US Power.

They don't care about the taxes, and if the public complains, just run some Fake News about an unnamed source saying the Russians hacked the election or put out Fake News via Channels that maybe 3% of the US Population consume with any regularity. Have some PR guy in the CIA/NSA/Pentagon call up a lazy WaPo reporter and act as a "highly placed inside Intelligence source"

Nor do they care about constant warfare because they profit directly from it, their kids are also MIC workers exempt from the unlikely in any case Draft, and if there was one they'd use their pull to make their kids JAGs drafting wills in Anniston or Columbia for the war bound draftees sent abroad.

It's interesting that we never use our leverage in Europe to get Trade Concessions, eh?

Ten bucks says any guy will come back in a week or two on another thread talking about all the voter fraud. Pretending like he never saw all the data on this thread proving no such fraud exists.

The following are not supported by the top three hits on google for Strawman:

* Strawmen can't be questions (although your very own example started with a question)
* Strawmen must to be something that both sides agree on.

If a Creationist debates an Evolutionist at a University, and says "So, you're saying we're all descended from gorillas, huh?"
Do you think there is agreement on both sides that this is the case?

Do you not think that is a strawman argument?

It's teh Russians!

Everybody is hacked. Where have you been?

Patrick = Petrov. He is Putin's son-in-law, you dupes!

I'm not selling or giving away any emails!

Why would you think the spam had something to do with patrick.net?

Logan Mohtashami says

The biggest under performer in this economic cycle has been housing and as I have documented for years, that should have been excepted

so how come house prices have shot up like a rocket since? well at least here in CA

No one ask the tough questions.
Patrick,did you vote for trump?

SubOink says

so how come house prices have shot up like a rocket since? well at least here in CA

Prices are a function of inventory

This cycle was a real good example of why the Price only thesis wasn't a good one because not only do we have the weakest demand curve for existing homes but new homes sales has never had a more weaker demand curve ever on record. Tail end of a 8 year cycle in terms of nominal sales is where we would be at a recession right now today even with rates under 5% and the lowest rate curve ever on record for a cycle.

This was probably the avenue for my economic work to break through in terms of demand curve economics. The theory that all the matters is price nothing else was 100% debunked in this cycle because

- Demographics matter
- Ability of understand residential lending capacity in a ability to repay back debt matters

I always use this as a bullish demand curve post 2020 because we are working from the lowest levels ever recorded per the data existence in 2014.. as adjusting to population purchase application demand hit it's lowest level ever in 2014 and this cycle wouldn't have many than 4.5 million existing home sales if it wasn't for the abnormal high levels of distress cash purchases

New home sales was even worse.. that is working of 3 years of missed home sales estimates and still nominal levels are what we see at a recession with supply higher monthly now than any period of 1999-2005

This goes also into my thesis that

American housing economist and analyst can't keep on using low inventory for their weak demand theories, there is a more sophisticated economic equilibrium logic working here in America post 1996 ... and the adaption needs to be looked at

https://loganmohtashami.com/2016/11/22/bloomberg-financial-interview-low-inventory-myth-crushed-by-existing-home-sales/

Logan Mohtashami says

This cycle was a real good example of why the Price only thesis wasn't a good one because not only do we have the weakest demand curve for existing homes but new homes sales has never had a more weaker demand curve ever on record.

All this will only result in more pent up demand. When the dam bursts, home prices will go through the roof. Home construction will explode, and home builder stocks will go to record highs.

Oh cool.
Gary and Logan have met.
Now they can shamelessly promote... endlessly reference their blogs, share links and bore each other to death.

Dark matter meet black hole.

Strategist says

pent up demand.

So my running trick is showing everyone who said this term

PENT up demand

2009-2016

new home sales 560K - 570K

Does that show pent up demand

Wait until 2020

junkmail says

Dark matter meet black hole.

Then there are grumpy old men who hide behind fakes name talking old man dreams while the young kick ass

But then again... I can be anyone I want when I hide behind a fake name

You guys are too old on this site

You need to recruit younger talent

AARP crowd of ideological thinkers

Fake created conservatives and liberals

just like demographics you need replacement people ....

Drill, baby, Drill!

Another day, another record. ZZZZzzzzzzzzz.

I like Trump better already.

This is the kind of image management he needed from the beginning. What liberal can argue with this.

anonymous says

Toss the above in with this: Some 6 million Americans are delinquent with auto loans and it’s going to get worse. The number of subprime auto loans sinking into delinquency hit their highest level since 2010 in the third quarter, with roughly 6 million individuals at least 90 days late on their payments.

There are 200 million cars on the road, with most of them paid off. 6 million defaults does not seem like a serious problem.
Bring out the repo man.

Strategist says

Another day, another record. ZZZZzzzzzzzzz.

anonymous says

6 million defaults does not seem like a serious problem - the number is rising and while that may not be too much of a problem for the moment, the inventory numbers and difference in outlook and responses between Ford and GM is unsettling to say the least, just read another piece where Chrysler is delaying some releases. Don't see this situation turning around on a dime.

American cars suck. Except for Tesla.
Toyota does not seem to be having any problem.

My one Zero Brain dead retweet

#Classic

zerohedge ‏@zerohedge
World's "Most Bearish Hedge Fund" Suffers Worst Month In History, Refuses To Capitulate http://www.zerohedge.com/news/2016-12-12/worlds-most-bearish-hedge-fund-suffers-worst-month-history-refuses-capitulate …

Logan Mohtashami says

World's "Most Bearish Hedge Fund" Suffers Worst Month In History, Refuses To Capitulate

ROFL. ha ha ha what a shocker.
"A fool and his money is soon parted"

Where were the switches made? Communist China?
Trump will make sure all GM parts are made in america.
Everything will be made in the u.s. except a few Carrier products.
Billions of jobs,WOO!HOO!

Corporations are People, therefore trump can pardon GM.
Let the stock price collapse,then I will buy all of it.
I'm a genius!

Strategist says

ROFL. ha ha ha what a shocker.

Jon Corzine had the right trade but it's always if you out last your call...

APOCALYPSEFUCK_is_ADORABLE says

Doesn't anyone care about the duck?

I do. The duck on the bottom is a male.

Logan Mohtashami says

Commercial and industrial loans at all banks decline by $1.6 billion in a week to $2.098 trillion http://bit.ly/2hvgSfe

You do realize that these banks are lending to Europe and big business here don't you? Euro banks have no loans to make.

Logan Mohtashami says

Total consumer credit outstanding rose in October to $3.73 trillion http://bit.ly/2har8KS

Much of this is a function of auto loans. Many people are behind on those payments.

Logan Mohtashami says

Gary Anderson says

And we know by the shadow stats that full employment is not being reached

Shadow stats is a fraud it implies that 47 Million jobs were lost in 2 years and no jobs were created. It's one of the single worst things I have ever seen in my life

I don't think Shadow Stats is necessarily a fraud. I just think many who have given up are in rural America, that voted for Trump, and they have no hope of getting to where the jobs are.

Logan Mohtashami says

Gary Anderson says

The Fed rope a doped to keep it above negative GDP

Each high peak is lower, Logan. You are a chartist and you should know this.