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So now illegal immigrants pay the same tuition rate for American taxpayers?
Who would have thought 50 years ago there would be more incentives for illegal immigrants, and more taxes/regulations on American citizens? What a country
Are we supposed to vote down non sequiturs?
I meant "as" instead of "for.
Come on, you know what I meant. Are you a college professor that just learned the word "non-sequitur" and have just been dying to use it or what?
Yeah, maybe I should have said, "thread jacking" instead. Thanks for pointing me in the right direction.
junked for non sequitur thread
Drove around my local crap town and was disturbed by the number of 'for sale' signs on the houses. Nobody is buying. Either that or there is some local disaster nobody told me about yet.
Hello, I am a receent grad of ITT Tech with an associate degree in Economics.
I am looking for my dream job as an on air TV personality at CNBS.
Which of these men should I sleep with to get that job?
Steve Liesman, Joe Kernan, Jim Cramer, Rick Santilli or Larry Kudlow?
Thanks for the advice!
Booo... go away Mrs. Hammy!
They're all fags .... except for Santelli.
Steve Liesman, Joe Kernan, Jim Cramer, Rick Santilli or Larry Kudlow
While I have my own fantasies about Rick Santilli, I would suggest none of the above. They are all front men for the puppet master in the back room. In order to get a job, you have to sleep with the troll in the back room and pray that his wife/daughter/mistress/next door neighbor doesn't seek the job you want.
This calls for another "cash 4 clunker-home" program.
And that's part of what is at play here. Keep in mind that around this time last year was when the last federal tax credit for home purchases was expiring, so there was a flurry of activity in April-June 2010, which partially hurts the current figures. While things are still not good, the comparison to the year-ago period makes it look worse than it would have otherwise been. When we start comparing July over July and later, the numbers should get a bit better in terms of comparison, although obviously absolute volume and pricing are still very depressed and will continue to be so for the foreseeable future.
The stats play out that it was a futile pull-forward of demand that collapsed as soon as the credit expired. It's actually a good microcosmic example of why central banking and Keynesian money supply expansion is ultimately a failure.
I would like to think this matters.
Maybe tomorrow it will.
For now the real economy and the numbers reflecting the real economy seem to matter not at all.
Their's not to reason why,Their's but to do and die:
Spending Cuts to the right of them
Tax hikes to the left of them
Default in front of them
Into the valley of debt
Rode the 535
With apologies to Tennyson
It quite bothers me that I cannot share the Little Rascals "Charge of the Light Bridage" episode because someone owns the rights to it and there are no video clips on the internet.
Why such a piece of television history is so restricted and not shared is a travesty.
Patience as we wait for reality to finish asserting itself.
The 10 and 20 index charts look like they want to roll over and hit 75 to 100 in 2012.
O/T - has anyone taken notice that the USD has quietly been approaching its all-time low?
Really itching to snap up some US RE soon. Maybe when theres a new administration... will wait it out and see for now.
Where were you thinking of buying?
My inlaws just bought a house. +1 to the upcoming July number. But now they own 3 houses- including 2 that won't sell.
I guess they're trying to make the losses up on volume?
This makes no sense. I was assured that the housing market had bottomed and that now was a good time to buy a house. You don't suppose that they lied to me, do you?
You have to buy NOW before interest rates go up by 25 basis points and before the house drops in value by 30% AND before they revoke the mortgage interest deduction.
It's all in the numbers.
In the roller coaster design and build world, they say the second drop is the most exciting because it's usually unexpected.
Here comes a dozy.
But...but...Cramer said housing bottomed in 2008. As far as I know, and despite the continued plunge, he is sticking with his call, too. And his call that the actual numbers at Netflix do not matter, nor does the falling stock price, because Reed Hastings is great.
Am I missing something here?
You are missing the narrow mind that supports the ignorance is bliss all-will-be-well mindset. You are also not paid to think this way.
Shame on you for being broad minded. You terrorist.
I havent even used my Netflix since it started glitching all up, it was on OK novelty at first but it wears off quick and now that theyre raising prices Im dumping it.
What? This is BS.
Here is the CNBC take on it: "Single-family home prices showed a slight improvement in May, the first time in nearly a year they haven't fallen on a monthly basis, a closely watched report said."
QE3 predictions? By the end of September?
They gotta create jobs then they gotta drop pricing 20% more to turn this around.
'Create job's yea thats a sticking point when we're losing 400,000+ jobs a week, and our jobs have been sold overseas.
Cant drop pricing, thats 'bank assets'. We live in 2 separate worlds, Fantasyland and Realityland. Very few want to go to visit Realityland.
There are pockets where the the boom/bust are not nearly as pronounced.
For example, I bought a house last week at a mere 1.2% discount (12% in real terms) from when the seller purchased it in 2006. Plus I got the seller to pay for 100% of the closing costs. It had been on the market six months. But, I think I did very well.
Now, if you go by the overall CS Index, then you would think I did horribly.
Really well you must have been one of the few in the country that sold a house. I know of no one around here who did.
Time to push the REITS to new all time highs and triple digit valuations!
Of course, thats the FED's 'assets'.
Hm...Wonder if this means anything....
The only real estate going up in value is good farmland.
i think those annual figures should be expressed in terms of gold and certainly deflated with john williams' numbers
This is how Yahoo news reports it. Then you read the story the second sentence starts off with "but"
Ah yes, the 'spring buying season', lol.
Certainly bullish for stocks, and proof we need to print more fake money and send more of our gutted industry overseas.
Case Shiller does not include foreclosures. The FED allowing the banks to put their paper on the GSE instead of liquidating caused the mess.. Housing is a joke.. Go to BLS and take average household income and multiply by 3 or 4.. That is average house price... The exception may be Washington DC area.. There the average household is 24% above the rest of the country.. (government spending). The GSE, Realtors, and property tax collectors (again government mostly teachers) have pushed housing as an investment instead of a deprecting expense. This best thing that could happen is prices get low enough where affordability index worked. Unfortunately the FICO credit system rewards the least productive non risk takers over those who create jobs. The politicians know the myth is a real problem because they have sold the future to those thinking housing is retirement and "largest investment". We have lost a generation of talent which pervades banking, education , insurance, real estate (commercial and residential) who understand little else. This is the systemic risk. St Louis FED speaches by Poole spoke of this systemic risk.. Mr. Market rules and the Government is not happy about their economic irrelevances. SYSTEMIC RISK...
Housing is a total joke, I got a bunch of family and friends in the real estate world and theyre at a dead standstill, cant sell a tar paper shack to a hobo.
All this talk of a 'formula plan' for the USA's total bankruptcy is nothing but a sad joke, unfortunately a lot of people believe in it and hang on every word from their corrupt overlords.
the FICO credit system rewards the least productive non risk takers over those who create jobs.
No truer words were ever written
The non-productive skimming and churning banking class loves the non-productive government obstructionist class.
Productive risk takers can go take a hike on FICO.
I have a business friend that has 1200 employees. I told him I was sick of the parasitical system and was winding things down. Unfortunately he sold his soul to New York banksters and is glued to the treadmill.
Washington D.C. the only region to show an increase.
Yahoo! Finance headline "Spring buying boosts home prices for 2nd month"
As usual, I see no reaction in the retail stocks.
They continue to trade as if everything is rosy.
Meawhile, steel stocks are getting crushed, they are acting as if we are in the midst of a global depression.l
And crude oil just tanked by $3 in about 3 seconds.
Must be Obummer making another SPR announcement.
The only beacon of hope was Washington D.C. with a +1.3% annual growth rate and a +2.4% monthly increase.
HaHaHaHaHa....this is NOT a welcome statistic.
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