There Was A Feeling Of Déjà Vu
A report from Forbes on New York. “‘This certainly doesn’t look good,’ Victor Rodriguez tells me. Rodriguez is Director of Market Analysts for real estate intelligence firm CoStar Group. ‘The problem for New York City’s office and residential markets is that there’s now tons of available space with much more set to arrive over the next five years with all the developments already under construction. To put that into perspective, it took two years after the Great Recession for the market to reach its highest vacancy rate. But because of the ongoing pandemic, it’s only taken only six months this time around to hit maximum vacancy, and New York City hasn’t even hit the bottom yet.'”
“Across New York City’s five boroughs, including Manhattan, the Bronx, Queens, Brooklyn (Kings County), and Staten Island (Richmond County), the Big Apple is bleeding residents faster than at any time in recent memory, including the Great Recession and post-9/11. Vacancies, listings, and days on market are up. Rents and for-sale prices are down. And moving companies are putting sellers on waiting lists.”
”’Stemming from the coronavirus pandemic and its early and devastating impact upon the city, New York’s housing market has experienced a noticeable slowdown in activity across the board,’ Realtor.com’s chief economist George Ratiu tells me. ‘Our current sales and pricing data show a decline in all five boroughs for both condos and single-family homes. Rents are also sliding and vacancy rates are rising at an increasing rate as the pandemic seems to have no end in sight.'”
“Year over year, Manhattan apartment rent rates are down -10.4% on average, according to Realtor.com. Studios are plummeting, at -15.4% year-over-year. On the sales side, the data are even more bruising. As of September 1, the average median sales price for condos and townhomes in Manhattan year-over-year has decreased -24.3%. Closed sales have dropped -37%, even accounting for the decline in prices.”
“Brooklyn’s short-term outlook is even worse. The median sale price year-over-year for condos has fallen -17.9%. Closings are down -53%. Single-family homes have slipped similarly, -13.1% and -29%, respectively. Active for-sale listings across all five boroughs are up 53.2% year-over-year, tracking a similar trend in median days on market, which has nearly doubled in Manhattan to over 100 days and is up 46% in Brooklyn and 34% in Staten Island.”
“Exacerbating New York City’s real estate crisis is the broader reality that property flight by definition also inevitably works its way upstream—from renter and owner, to landlord and developer, and eventually to the banks that hold the loans. Thanks to COVID, the alarms bells in New York City are now reaching full pitch at the highest levels.”
From ABC Action News on Florida. “A moratorium on foreclosures offers protection to families unable to pay their mortgages because of the COVID-19 pandemic. But I-Team Investigator Kylie McGivern found foreclosure filings are on the rise with Florida currently ranked second in the nation. While some experts say this is different than the Great Recession, others are bracing for another housing crash.”
“According to data from RealtyTrac’s parent company, ATTOM Data Solutions, as of September, Florida had the second-highest foreclosure rate in the country behind South Carolina. ‘Florida is definitely an outlier. Most states have continued to see foreclosure activity dip. In Florida in July, we saw the numbers go up,’ said Rick Sharga, the executive vice president of RealtyTrac, which publishes a nationwide database of foreclosure properties.”
“The I-Team reviewed the data for Florida and found that in August, the number of properties subject to a foreclosure filing was 316% higher than in July. In Hillsborough County, during the same time period, foreclosure filings were nearly double that — a 612% increase. ‘There are markets like Orlando, which for all intents and purposes could become ‘ground zero’ in this down-cycle, simply because of its extreme dependence on travel and tourism,’ Sharga said.”
“Sharga pointed to low-interest rates, a limited supply of housing and buyers bidding against each other. What Sharga interpreted as an indication of a strong market, Andrew Lyons saw as a red flag. ‘We are on the precipice of a disaster right now,’ the New Port Richey foreclosure defense attorney said. ‘I’ve been doing this 25 years, I remember this cycle, when you list it and you’re getting offers that day, that’s not sustainable.'”
“Lyons anticipates a flood of foreclosures early next year, once government protections are lifted. ‘You’ve got unemployment, which is through the roof,’ Lyons said. ‘I think there’s a major crash coming.’ Lyons said he is seeing the uptick in banks filing for foreclosures. ‘The mortgage is the last thing that people stop paying. So it’s a very good indicator, when we see mortgages not being paid, how bad things are,’ Lyons said. ‘The only thing that could possibly follow from that is a giant wave of foreclosures. The same problem we had in 2007-08 we’re going to have again.'”
“Mary Ellen and Richard DiPietra told the I-Team they don’t want to lose everything, not again. The couple’s St. Pete Beach home went into foreclosure in 2007. ‘So many memories,’ Mary Ellen told the I-Team, looking at the house she thought would be her forever home. ‘We had seen that as our future. We saw grandchildren coming and playing in the pool.'”
“Richard’s nightmares from that time have resurfaced during the pandemic. ‘That doesn’t really go away. That’ll always come back,’ Richard said. ‘It’s just a reel. You know, a reel of things happening to you that you wouldn’t expect would happen and you’re really almost powerless.'”
“For Mary Ellen, there was a feeling of déjà vu, she said. In the beginning of the shutdowns, the food pantries the couple relied on through local churches temporarily shut down. Then, the couple’s homeowner’s insurance threatened to cancel due to a damaged roof. Expenses quickly mounted on the DiPietras’ fixed income. In order to make sure she had money for food, ‘I immediately put my mortgage in forbearance,”’ Mary Ellen said. Millions of Americans did the same.”
From Multi-Housing News. “Prior to the pandemic, the thought of eliminating vacancy decontrol—the ability for landlords to rent a vacant unit at market rate—would have been deemed as reckless government overreach by most reasonable people. Since the pandemic, however, an increasing number of cities throughout the country are seriously considering the idea of vacancy control—which would restrict the amount that landlords may charge tenants when a unit becomes vacant. California has a ballot measure that voters will decide on next week that would allow for vacancy control. And what happens in California could eventually happen everywhere else.”
“So if vacancy control is implemented in major cities throughout the country, what would it mean for the multifamily industry? The answer is very simple—the value of many buildings would decrease dramatically overnight.”
“One of the main reasons investors buy apartments is to bring rents to market rates by renovating units and upgrading the condition of the building, thereby increasing its value and overall cash flow. The opportunity to add value would disappear should vacancy control be implemented. Why would owners want to invest in upgrades if there is little or no upside?”
The Seattle Times in Washington. “A rift is emerging in the Seattle-area apartment market, the result of the very different pandemic realities for the city’s wealthy and less-wealthy residents. Plummeting demand for luxury, city-center living has led high-end apartments to slash rents and offer gangbuster deals to lure new tenants. Meanwhile, rents in less-expensive markets have stayed flat or even ticked up since March as remote workers seek more space — and many laid off due to the pandemic migrate out of the city to cut costs.”
“Rents in Seattle, Bellevue and Redmond, the area’s most expensive markets, where two-bedroom apartments typically lease for between $1,850 and $2,130, have fallen by as much at 14% since the start of the pandemic, according to ApartmentList. This month Seattle rents dropped 4.2% from September, marking the seventh straight month the city has seen rent decreases.”
“The actual price drops, though, are likely even steeper. The ApartmentList data doesn’t factor in lease concessions like months of free rent, parking fee waivers or cashback deals — incentives that are now common among the Seattle area’s glassy, top-tier apartment complexes wooing new tenants. More than 70% of large Seattle-area apartments built after 2017 — which tend to be concentrated in urban cores and packed with amenities — are offering lease deals equivalent to more than one month of free rent, on average, according to CoStar.”
“The last time area landlords dangled so many freebies in front of renters was in 2018, when a burst of new construction led to an apartment glut, causing vacancy rates to top 14% in South Lake Union. The local developments mirror nationwide trends of rents falling fastest in pricey coastal cities, according to ApartmentList, especially those — like Seattle, San Francisco and New York.”
From Bisnow on Illinois. “‘Single-tenant office buildings in Fulton Market are still selling for big money, but a luxury apartment building in the neighborhood got snapped up at a discount. Chicago-based investor Dwelle acquired the 72-unit 1247-1249 West Madison St. for $32.8M, or about $405 per SF, according to company officials. They couldn’t resist the price. ‘It’s a COVID-19-era deal,’ Dwelle Managing Principal Drew Breneman said. ‘The going-in cap rate is higher than anything we’ve come across in years of comparable size and quality. We like the price per pound we are getting here, too.'”
“Even though most of the property’s tenants’ incomes have not been hurt by the pandemic, he added, the per SF price is 20% lower than what the Monroe Aberdeen apartment building around the corner at 1050 West Monroe St. sold for in March.”
The Dallas Morning News in Texas. “Even with the stronger third quarter leasing, average asking apartment rents in North Texas are off about 1% his year. That’s better than in Austin, where rents are down 5% percent, or Houston with its 3% decline in apartment rents. ‘We think the rents will be basically flat in D-FW and San Antonio, with a little bit more rent loss in Houston,’ said Greg Willett, chief economist for Richardson-based RealPage.”
“‘D-FW has one of the strongest occupancies,’ Willett said. ‘To the degree there is a struggle it is in the Class A units, partially because we continue to deliver new supply.’ North Texas has led the country in apartment building for several years. ‘We love to build in Texas,’ Willett said. ‘D-FW has the most product on the way any where across the country. We’ve got about 40,000 units still under construction that will deliver over the next 18 to 24 months.'”
“‘It was really those Sun Belt markets that led the way back. You still have massive move outs in metro New York and metro San Francisco,’ he said.”
From Palm Springs Life in California. “There is only so much inventory to go around for buyers and real estate agent Brady Sandahl says it is ‘literally drying up,’ in the valley. The solution would seem to be to build more housing, but the cost of land has risen coupled with all of the steps necessary to have a major development approved makes builders less likely to invest at this point. ‘You can’t really build for the market you’re in,’ Sandahl says, ‘hoping the market will be around in three or four years.'”
“On the commercial side, Michael Meade of Wilson Meade Commercial Real Estate says the vacancy rate may rise a point a two to 10 or 11 percent, but he expects it to stabilize despite the impact on businesses that have had to close due to navigating restrictions from Riverside County health officials. ‘We should be in the 6 to 7 percent vacancy factor for the Coachella Valley,’ Meade says. ‘And we just didn’t get there since our last recession (in 2008). And so this pandemic is going to delay that and it could delay it for quite some time, but again, I don’t think its going to be as bad, in office space, as it will be in some other segments of commercial real estate.'”
From Realtor.com. “New Orleans Saints quarterback Drew Brees is looking to pass his townhome in Princeville, HI, to a buyer for $2.05 million. Purchased in 2007 for $2.26 million, the condo on the lush island of Kauai offers three bedrooms and 3.5 bathrooms spread across 2,864 square feet. Brees also owned another condo in Kauai, which he listed in 2015 for $1.75 million, the Los Angeles Times reported. The NFL star purchased the place in 2006 for the slightly higher price of $1.76 million.”
Comments are closed.
Lot’s of references to big bad 200-whatever.
‘As of September 1, the average median sales price for condos and townhomes in Manhattan year-over-year has decreased -24.3%. Closed sales have dropped -37%, even accounting for the decline in prices. Brooklyn’s short-term outlook is even worse’
Still no bubble? Yer fooked NYC.
So…prices bring discovered?
Beyond bubble. We had more housing built from 2000 to 2019, but Baby Boomers aged into retirement in the housing we had. As a result we still only had 2.5 million housing units occupied by workers, even as the number of employed workers rose by 850,000.
More and more people were squeezed into less space. Only one-third of NYC housing units have 3+ bedrooms, compared with the-thirds nationally. And paying more and more money. The median gross rent increased by 41.2% adjusted for inflation from 2000 to 2019, but more than half of the city’s rental stock has limited increases — rent regulated, public housing, Mitchell-Lama, etc. So what does that say for the other half?
Just to get back to 2000 would require a 1/3 decrease in rents. That would be after the post-COVID recovery. And property taxes are going up, up, up, further reducing NOI.
Is this a disaster? Not if, at age 32, you can finally afford to get your own place. And not if you want to invest in real estate AFTER the meltdown is over.
More and more people were squeezed into less space
I’ve noticed this in my neighborhood in San Diego. Houses being bought by what seems like a small consortium of adult couples with children and with a fleet of associated vehicles parked everywhere, the driveway, the lawn, the street, the backyard. It’s beginning to look like a downtown or beach community at night here, every street lined up and down back to back with cars. More and more people crammed into every house.
More and more people were squeezed into less space
That’s what a land bubble causes.
with children
Over-enrolled local schools?
“…with a fleet of associated vehicles parked everywhere, the driveway, the lawn, the street, the backyard.”
We had that issue in Fremont, CA in the SF Bay Area when I lived there. Bedrooms and garage to bedroom conversions, all sublet to help offset the sky-high property prices.
The mad cow crazy mayor and governor of NYC and NYS destroyed the city with their insane lockdown edicts and support of mostly peaceful protestors.
“Stemming from the coronavirus pandemic and its early and devastating impact upon the city, New York’s housing market has experienced a noticeable slowdown in activity across the board,’
As has been said, COVID was simply the pin that pricked the bubble. The FED and all the central banks of the world fooked everything up with their irresponsible, dangerous liquidity and low rate nonsense.
+1
‘The I-Team reviewed the data for Florida and found that in August, the number of properties subject to a foreclosure filing was 316% higher than in July. In Hillsborough County, during the same time period, foreclosure filings were nearly double that — a 612% increase’
Wa happened to my red-hotcakes?
I’ll point out something again: more of the media could be out talking with people like these FBs. They just chose to ignore it. Might scare the sheep, gotta keep those REIC advertisers happy, shoehorning people into loans they can’t afford at a pretty risky time to be borrowing hundreds of thousands of pesos. Don’t say you weren’t warned.
“If the bank gives me money….I must be qualified to buy the house!”
Yep. A nation of dummies.
Many Middle-Class Americans Are Living Paycheck to Paycheck – The Atlantic
https://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/
(snip)
The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?
Well, I knew. I knew because I am in that 47 percent.
(snip)
So I never spoke about my financial travails, not even with my closest friends—that is, until I came to the realization that what was happening to me was also happening to millions of other Americans, and not just the poorest among us, who, by definition, struggle to make ends meet. It was, according to that Fed survey and other surveys, happening to middle-class professionals and even to those in the upper class. It was happening to the soon-to-retire as well as the soon-to-begin. It was happening to college grads as well as high-school dropouts. It was happening all across the country, including places where you might least expect to see such problems. I knew that I wouldn’t have $400 in an emergency. What I hadn’t known, couldn’t have conceived, was that so many other Americans wouldn’t have the money available to them, either. My friend and local butcher, Brian, who is one of the only men I know who talks openly about his financial struggles, once told me, “If anyone says he’s sailing through, he’s lying.” That might not be entirely true, but then again, it might not be too far off.
Lots of former office workers will join lots of former blue collar workers in the former middle class.
And yet, most of these people drive a better car than I do.
‘pass his townhome in Princeville, HI, to a buyer for $2.05 million. Purchased in 2007 for $2.26 million…also owned another condo in Kauai, which he listed in 2015 for $1.75 million, the Los Angeles Times reported. The NFL star purchased the place in 2006 for the slightly higher price of $1.76 million’
Plenty of Hawaii UHS will tell you it’s to the moon Alice! So what gives?
I can imagine a conversation between old timers about this:
Dat lolo Breeze was buying dem homes like dey wuz da kine Beanie Babies.
No worries cuz, he pay my nephew whole time fo’ mow da lawn – kid got one mean lifted truck wit all dat kala!
Hollywood and NFL stars.
Gotta luv them. Helping to burn up all that surplus cash sloshing around.
“New Orleans Saints quarterback Drew Brees is looking to pass his townhome in Princeville, HI, to a buyer for $2.05 million. Purchased in 2007 for $2.26 million…”
“The average football career varies by position: The average NFL career for a quarterback is three years. The average NFL career for an offensive lineman is about three-and-a-half years.”
How Long Is the Average Career of an NFL Player? | Work – Chron.com
“Daddy, what’s a dumb ass?”
“Well son, one example of a dumb ass is a boy who works his tail off for many, many years in the very slim hope of landing a career playing football in the NFL that may last, if he is lucky, for three years.”
A video …
Watch “League of Denial (full film) | FRONTLINE” on YouTube
https://youtu.be/SedClkAnclk
that may last, if he is lucky, for three years
I can only imagine how demoralizing it must be to get drafted, only to get cut a few months later at training camp, and now all you have is an underwater basket weaving degree from Football Factory U.
I recall an anecdote about a Broncos running back who got cut. The next season the Broncos lost most of their running backs to injuries, so they recalled the guy they cut. What was he doing at the time? He was peddling cell phones at a kiosk in a mall.
Chelmsford, MA Housing Prices Crater 16% YOY As All Of New England Sinks In A Sea Of Excess Empty Housing Inventory
https://www.movoto.com/chelmsford-ma/market-trends/
As one Boston area broker commented, “You may as well slash your price double digits if you want to sell…. and then do it again.”
‘“So if vacancy control is implemented in major cities throughout the country, what would it mean for the multifamily industry? The answer is very simple—the value of many buildings would decrease dramatically overnight’
DONG!
‘One of the main reasons investors buy apartments is to bring rents to market rates by renovating units and upgrading the condition of the building, thereby increasing its value and overall cash flow. The opportunity to add value would disappear should vacancy control be implemented. Why would owners want to invest in upgrades if there is little or no upside?’
The entire industry fell into this trap. Can’t make money on rents, they paid too much. Ah, but they can always slap on some paint, wait a year, and flip it for that sweet equity!
Works until it doesn’t.
Realtors are liars.
Vacancy control = government restricts the amount that landlords may charge new tenants when a unit becomes vacant
****
Hey, why can’t I find a place to rent?
‘One of the main reasons investors buy apartments is to bring rents to market rates by renovating units and upgrading the condition of the building, thereby increasing its value and overall cash flow.’
This is a flawed concept from the start. It assumes demand at higher prices that’s not even there, and never was.
What happened is they overpaid for the place and needed to do some painting and re-carpeting (increasing the value), so they can jack up the rents to justify their high valuation.
“Since the pandemic, however, an increasing number of cities throughout the country are seriously considering the idea of vacancy control—which would restrict the amount that landlords may charge tenants when a unit becomes vacant. California has a ballot measure that voters will decide on next week that would allow for vacancy control. And what happens in California could eventually happen everywhere else.”
Seems like the feds and the states need to seriously fund their section 8 programs since they are mandating the pandemic shutdowns. Allowing landlords and their lenders absorb the losses is not in everyone’s long term best interest.
Allowing landlords and their lenders absorb the losses is not in everyone’s long term best interest.
Really? I agree they shouldn’t be the only ones in pain, but it seems like that’s where the pain needs to be focused if we are ever going to get back to sanity. More section 8 is just more saving the speculators and kicking the can.
They all should lose, including the deadbeats.
“Really? I agree they shouldn’t be the only ones in pain, but it seems like that’s where the pain needs to be focused if we are ever going to get back to sanity.”
Clearly, help needs to come with limits, but letting the tenants squat while everyone else loses is poor policy, IMHO. They’ve had six months already.
Sure. I could support free boxes. OR…stay completely out of it and let landlords and tenants renegotiate something that can work for both…except there is probably nothing that can work for both until the landlord (or a new one) repurchases the property at a much lower price. Which is why we should stay out of it.
Think of all the potential supply out there that is only blocked by government regulations.
1) One family houses with one or two people rattling around in 1,500 square feet-plus, that could be two-family houses.
2) Age restricted housing that the aged are no longer moving to, because they can’t sell their houses and Amazon now delivers everything to them.
3) Student housing that no longer has students.
One family houses with one or two people rattling around in 1,500 square feet-plus, that could be two-family houses.
You are suggesting that producers — who paid for that house fair and square — should be tossed out in favor of takers who couldn’t keep their legs shut or couldn’t be arsed to study and work hard. If that’s what the city wants to do, then they can file eminent domain and pay fair market.
I actually think he was saying that the owners could subdivide the house into an ADU and rent it out, but most babes do not allow a family to do that.
*Nabes
But because of the ongoing pandemic, it’s only taken only six months this time around to hit maximum vacancy, and New York City hasn’t even hit the bottom yet.
So…why are we so sure things can’t get more vacant than this?
‘In the beginning of the shutdowns, the food pantries the couple relied on through local churches temporarily shut down. Then, the couple’s homeowner’s insurance threatened to cancel due to a damaged roof. Expenses quickly mounted on the DiPietras’ fixed income. In order to make sure she had money for food, ‘I immediately put my mortgage in forbearance’
Like last decade: “everything was coming up roses for Joe and Jane, then…”
How did the insurance company even find out?
My guess, they filled a few water damage claims.
“Then, the couple’s homeowner’s insurance threatened to cancel due to a damaged roof. “
the food pantries the couple relied on
Let me guess, they waited in line in their $40K SUV?
“Let me guess, they waited in line in their $40K SUV?”
Indeed, $40k today is a midsize SUV.
What topples me are the 140,000-mile used cars with a $10k asking price. This is right about the time for new CV axles, ignition coil packs, air mass sensor, catalytic converter with both up and downstream EGT sensors, etc., so they sit until they’re repossessed.
Not to mention when poorly maintained transmissions give up the ghost.
Expenses quickly mounted on the DiPietras’ fixed income.
Judging from the video, they look like retirees. Seems to me that what is happening to them has nothing to do with COVID or the economic crash. It simply looks like they bit off more than they could afford. It sounds like they were hitting food banks before COVID. They were already swirling the bowl before life became “interesting”.
I suppose if you time things right you can die right about the same time that the principal come due.
‘I immediately put my mortgage in forbearance’
There is so much mortgage and auto loan forbearance out there that we are nowhere near the real carnage.
Not nearly the amount of mortgage and appraisal fraud.
‘Exacerbating New York City’s real estate crisis is the broader reality that property flight by definition also inevitably works its way upstream—from renter and owner, to landlord and developer, and eventually to the banks that hold the loans. Thanks to COVID, the alarms bells in New York City are now reaching full pitch at the highest levels’
You mean there’s a downside to Marxism? I thought nobody had to pay for anything anymore? The article also mentions UHS are taking an a$$-pounding.
Also upstream…city and state taxes.
That now will not be paid.
So that leaves either cutting spending (BAHAHAHAHAHA) or begging for a federal bailout.
There’s a NY Post article out on how the tower owners are hiring snipers for the election peaceful protest. Sign me up for a multi-million peso airbox!
Watching the rally in Tampa right now. Completely packed and the President doesn’t speak for another hour. Not many mouth hankeys.
Come on man?
Definition of irony: the ultra-rich globalist oligarchs who are funding BLM and Antifa might now find their ultra-luxury Manhattan skyboxes (thank you, Federal Reserve!) a target of rampaging BLM-Antifa looters.
The real oligarchs probably consider that a small price to pay to get what they want in the end.
The article also mentions UHS are taking an a$$-pounding.
Yep. Those commissions are shrinking in size, and drying up in number.
Federal Way, WA Housing Prices Crater 17% YOY As Amazon And Microsoft Layoffs Accelerate
https://www.movoto.com/federal-way-wa/market-trends/
As a Redmond broker put it, “At this point you can’t give away a house….. and I wouldn’t accept one either…. not even for free.”
Here’s the cowardly deep state snowflake who penned the anonymous anti-Trump screed in the New York Times a few years ago.
https://www.yahoo.com/news/anonymous-senior-official-who-wrote-scathing-nyt-oped-warning-against-trump-reveals-himself-211100016.html
This guys should be charged with treason.
What an a$$ clown. This guy is no Republican, he’s a typical lying bureaucrat sucking off the taxpayer teat.
“In August 2020, Taylor took a leave from Google to support Joe Biden’s presidential campaign. He made an ad for Republican Voters Against Trump, denouncing Trump and endorsing Biden in the 2020 presidential election.”
“Taylor is a lifelong member of the Republican Party. He donated to the Barack Obama campaign in the 2008 presidential election; according to Taylor, he was “gunning for John McCain but wanted to be able to tell his kids that he supported the first Black president of the United States.””
Walmart was made for Lootin’
And that’s just what they’ll do
One of these days these thugs are gonna Loot your Walmart too
Nancy Sinatra – These Boots Are Made For Walkin’
https://youtu.be/m2fPkzJsMU8?t=27
On a lighter note.
Comments
Mr. Person Humanson
1 year ago
I’m staring at the legs of somebody’s grandma.
The dancers’ costumes reminded me of this:
Chicago – Cell Block Tango
I just read that Wal-Mart is removing all guns and ammo from their stores. They are also installing riot doors.
Stay classy, California.
https://www.newsbreak.com/california/riverside/news/2091194725141/seven-bodies-nothing-stolen-were-killings-at-riverside-marijuana-grow-a-message
Classy is the last adjective one would choose to describe Riverside County.
No Country for Old Men
One of my favorite movies of all time.
+1
“People are leaving because of the pandemic and population density,” admits Dottie Herman, co-founder, President, and CEO of Douglas Elliman, America’s 6th largest brokerage and one of the few real estate executives willing to give me an honest perspective on the New York City market. “This is particularly true for older residents who are fleeing to the suburbs because of fear of the virus and other safety issues. New York City residents are also the most tax burdened in the nation so the current crisis is coming from both sides and forcing people to make decisions now that they may have only been thinking about for years.”
What safety issues are you referring to? These are just peaceful protests? You know, like the ones in Philly. I remembered another article saying everyone in NYC slipping on $25 cocktails so what’s the problem?
Trumpy live in Tampa
https://youtu.be/jFoTW91m2_8
This network shows the crowds:
https://www.youtube.com/watch?v=nuyhRPCuZUw
And better audio too.👍
Trump will win FL handily by over 5%.
PA/WI/MI are slipping away with massive ballot harvesting by dems.
It’s done….Trump is cooked.
massive ballot harvesting
Is there any evidence of that?
As most things these days, it depends on which echo chamber you’re in.
No cable no Facebook no Twitter no Instragram.
So I actually have a clue what is going on.
See the latest project Veritas report on ballot harvesting.
When I lived in Boston I knew someone who worked in a day care nursing home in Chinatown. Every election cycle the Democratic Party would have buses loading up senile old folks in Chinatown and taking them to the polls where democratic operatives would go into the booths with them, and fill out their ballots for them. It’s been going on for decades. Probably longer.
WI will probably go Trump based on early voting. Bidens early vote lead there was cut in half in the last three days. MI and PA still looking good for Biden. He is holding early vote lead of over 4% which he is going to need because he will lose the Election Day vote in those states.
How do you know the voting results before the polls close?
Fox News is showing Biden’s rally. Had to mute it. He looks and sounds angry.
It’s not me then.
He’s a bitter old doddering fool of a crook.
doddering
Within 10 seconds.
angry
And depressing. “Dark winter.” Doom and gloom.
I don’t think hatred will unite the country.
unite
https://twitter.com/Skillsetmag/status/1320091833666433025: Experienced my first #Trump parade today….and this happened
Down pointing backhand index
(Jason, Editor of Skillset Magazine)
The globalist media is really pushing the “incipient civil war” narrative. Not sure why. Nobody on the right wants a civil war; they just want the Bolshevik control freaks to f**k off and leave them the hell alone.
https://www.vice.com/en/article/qjp48x/is-the-us-already-in-a-new-civil-war
The globalist media is really pushing the “incipient civil war” narrative. Not sure why.
A scare tactic. Vote for Creepy Joe and Camel Toe, or you’ll lose everything.
Cut and paste from elsewhere.
“Even if Trump is hated by powerful people, he isn’t hated by everyone. And, minor point, he’s the f ing president of the United States. Why doesn’t anyone grasp that fully? Trump has GOT to have all kinds of dirt on people. There’s no way he doesn’t – officially, or via pals like that Prince fella. If Trump wins we’ll all be afraid of Antifa, me included. But if Biden wins why would Trump do what the stupid media says, like he’s so pathetic? Hang around and be forced to leave the White House like a luzer? That’s Trump? I think not. How about if Trump loses he unleashes a tsunami of Intel about the Democrats and all their eyes-wide-shut perversions and grifter activities. Trump is a payback-with-a-smile kind of guy. Giving them enough rope that they hang themselves while he plays a round of golf. I can’t imagine Trump hasn’t got tons of material on all of them. Even Trump’s supporters assume he’s a bit dim. C’mon, man!
If Trump wins the rioting is legit something to fear, but if he loses, holy hell – Trump can do a document dump that will cause the entire ruling elite-o-sphere to be thrown into immediate and legitimate crisis. So many of them would be shown to be unfit to hold their positions (if Pelosi’s son is compromised by China deals then she is too, be realistic) Where would it stop? Some Alaskan mayor named Chet would have to be President because everyone ahead of him would be booking flights to remote islands. This must roll thru the whole chain of government. Trump must be able to make a real mess if he wants. If you’re a book publisher get Trump signed ASAP, if he does lose that should be one Hellfire 800 page bestseller. With video, lots and lots of video. “
So many of them would be shown to be unfit to hold their positions
We’ve reached the point that no longer changes votes. That’s why I think we’re screwed…the truth no longer matters. It’s just tribes now.
“Tribes”
Ha ha ha
I think we have always been tribal. It’s just Dems made it lot easier for whites to be tribal like many other minority groups.
If the Resistances gets in they will just cover up their corruption. They will proceed with their power grab and it won’t be for the welfare of America.
The Dem party represents Globalist Monopolies, China power rise, Commie top down control. Fake news and false narratives are part of the means to insure the hijacking of Government by the people into a undoing of what the Founders created.
People like Biden and Harris are really traitors to the Soul of the Country, as are the backers of this perverse hijacking of America.
They have come out in everyway to show just how anti American they are, how Commie they are, how pro China they are, how anti American business growth and independent they are., how Monopolistic they are.
What Country would sell out their jobs and manufacturing to places like Communist China. Than puts up China Joe Biden who is a corrupt traitor to this Country.
You can look at my back posts but I said they wanted Harris, a perfect puppet. She didn’t get traction so this is bringing her in the back door.
Strange that the Resistance was so opposed to a making America Great again Campaign by Trump. This is because they want to make America die, so they rule.
“Even if Trump is hated by powerful people, he isn’t hated by everyone.”
This is so true. Even in my own circle, two-thirds are so called “Trump Haters.” They may roll their eyes…make fun of him, there’s no visceral hatred or name calling you see on TV/Twitter/FB. They are not motivated by “hatred” enough to go to polls. Biden/Harris has to offer something.
Yeah ok. Stand by.;)
Philadelphia police discover van loaded with explosives, suspicious equipment in Logan Circle
‘An investigation is underway in Philadelphia after police found explosives and other suspicious cargo inside a van in Logan Circle on Wednesday night.’
‘Action News has learned that police recovered propane tanks, torches and possible dynamite sticks from the van.’
‘The bomb squad is investigating. There is no word on who owns the van or if anyone has been arrested.’
https://6abc.com/walter-wallace-jr-curfew-philadelphia-philly/7433377/
Philadelphia police discover van loaded with explosives, suspicious equipment in Logan Circle
And yet you just know that Philadelphians will be pulling the D lever on election day.
Anyone notice that no Dems have been calling for “international observers” for the election
“And yet you just know that Philadelphians will be pulling the D lever on election day.”
And watching the results on that brand new Looted HD TV.
“And watching the results on that brand new Looted HD TV.”
LMAO, so true!
Is Soros writing more checks for his minions?
https://thepostmillennial.com/watch-anarchists-unpack-u-haul-truck-filled-with-riot-gear-in-louisville-after-breonna-taylor-verdict
I don’t know who is going to win because the Dems aren’t above cheating. That party no longer represents the welfare of the American People.
It’s just mind-blowing how they get people to vote for the pathway to their demise. All the bribes of free cheese no doubt keep the natives from getting restless.
All the bribes of free cheese no doubt keep the natives from getting restless.
That’s what it’s all about. Half the country wants free money. Remember “Obama is going to pay my rent/gas/phone/etc.” ?
“Brees also owned another condo in Kauai, which he listed in 2015 for $1.75 million, the Los Angeles Times reported. The NFL star purchased the place in 2006 for the slightly higher price of $1.76 million.”
Are financial journalists really as ignorant about economics as they appear? This guy lost buckets of money in real terms due to inflation, before even considering HODLing and transactions costs.
This guy lost buckets of money in real terms due to inflation, before even considering HODLing and transactions costs.
I wonder just how much time, if any, he got to spend in his Hawaiian properties?
Then again, Larry Ellison spend $400M to buy a whole island. I wonder if he’s planning on flipping it someday?
UPS Finds Lost Tucker Docs, Confirms Story After Twitter Blue Checks Mock Fox Host
by Kelen McBreen
October 29th 2020, 12:50 pm
UPS confirmed on Thursday a report by Fox News‘ Tucker Carlson that important documents related to corruption within the Biden family had gone missing.
After Carlson announced the disappearance of the information, which was supposed to arrive in the mail, Democrats on Twitter were quick to make fun of him.
After all the mockery, Tucker was vindicated when UPS made an announcement confirming the documents were lost.
Next, UPS revealed they found the package after an internal investigation and have sent it to its proper destination.
https://www.infowars.com/posts/ups-finds-lost-tucker-docs-confirms-story-after-twitter-blue-checks-mock-fox-host
‘Journalist Glenn Greenwald announced that he’s leaving The Intercept, a publication he helped found, due to perceived censorship of an article regarding corruption allegations surrounding Democratic presidential nominee Joe Biden.’
‘Greenwald posted a resignation letter on Twitter on Oct. 29, saying editors at the left-leaning publication refused to publish an article of his unless he deleted “all sections critical of Democratic presidential candidate Joe Biden, the candidate vehemently supported by all New-York-based Intercept editors involved in this effort at suppression.”
‘The journalist, who helped break news on classified NSA surveillance programs leaked by former contractor Edward Snowden about a decade ago, asserted that The Intercept’s decision and his choice to resign shows there is a trend of “repression, censorship and ideological homogeneity plaguing the national press generally have engulfed the media outlet I co-founded, culminating in censorship of my own articles.”
‘Greenwald, in recent years, said he’s taken umbrage with mainstream outlets quashing alternative viewpoints on certain news stories, saying it’s created political conformity in the press.’
“The censored article, based on recently revealed emails and witness testimony, raised critical questions about Biden’s conduct. Not content to simply prevent publication of this article at the media outlet I co-founded, these Intercept editors also demanded that I refrain from exercising a separate contractual right to publish this article with any other publication,” he wrote in a letter on Oct. 29.’
“All this time, as things worsened, I reasoned that as long as The Intercept remained a place where my own right of journalistic independence was not being infringed, I could live with all of its other flaws,” Greenwald said in conclusion. “But now, not even that minimal but foundational right is being honored for my own journalism, suppressed by an increasingly authoritarian, fear-driven, repressive editorial team in New York bent on imposing their own ideological and partisan preferences on all writers, while ensuring that nothing is published at The Intercept that contradicts their own narrow, homogenous ideological and partisan views: exactly what The Intercept, more than any other goal, was created to prevent.”
https://www.theepochtimes.com/glenn-greenwald-resigns-from-the-intercept-claims-suppression-of-joe-biden-story_3557811.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2020-10-29-3
“Real Journalists”
Ben Jones can we start asking HBB posters to use the archive website to deny clicks and revenue to them?
I already do with the New York Times and Washington Post whether I’m sharing the link or not, it’s the only way I can read their Real Journalism with ad blockers on my phone and laptop browsers.
Let’s stop giving them money.
The Intercept isn’t a subscription site to my knowledge. I do subscribe to the Epoch Times. I have to use real links to stay out of trouble. I’ve carved out my personal version of fair use which much of the media apparently accepts. I got sued once long ago, was threatened a few times, but it’s pretty much gone away.
Whatever it takes to keep the HBB legal and publishing citizen journalism with uncensored comment.
Anecdotal: I have not seen a single paid for (emphasis on paid for) political TeeVee advertisement this entire election cycle. I have seen political ads being reviewed and discussed on C-SPAN, etc but I have not willingly chosen to sit through a single broadcast / program that would force me to see a paid political ad. Think I heard some background noise on the TeeVee in the waiting room at Firestone when I was getting new tires, but that’s about it.
They’ve spent billions of dollars this election cycle on video ads, and I have not seen a single one that was paid for.
There are no walls around the plantation, all you have to do is be brave enough to run away…
I also haven’t seen any ads, because I also don’t watch TV. But does it matter? We’re deplorables, we’re written off. They aren’t targeting us, they target undecided people. And those undecided people will decide if we will pay $6 for a gallon of gas, pay more for everything, have open borders, more affirmative action, reparations, higher taxes and more gun grabbing.
Original content provided by source author.
Glenn Greenwald — resignation letter to The Intercept:
https://greenwald.substack.com/p/my-resignation-from-the-intercept
Glenn Greenwald — last article not published by The Intercept:
https://greenwald.substack.com/p/article-on-joe-and-hunter-biden-censored
The globalists control the media. This is them trying desperately to produce an election outcome they desire. Orange man bad for looting the populace, must get rid of him.
‘Numerous news outlets, including the Intercept, quickly cited a public letter signed by former CIA officials and other agents of the security state claiming that the documents have the “classic trademarks” of a “Russian disinformation” plot. But, as media outlets and even intelligence agencies are now slowly admitting, no evidence has ever been presented to corroborate this assertion. On Friday, the New York Times reported that “no concrete evidence has emerged that the laptop contains Russian disinformation” and the paper said even the FBI has “acknowledged that it had not found any Russian disinformation on the laptop.”
‘The Washington Post on Sunday published an op-ed — by Thomas Rid, one of those centrists establishmentarian professors whom media outlets routinely use to provide the facade of expert approval for deranged conspiracy theories — that contained this extraordinary proclamation: “We must treat the Hunter Biden leaks as if they were a foreign intelligence operation — even if they probably aren’t.”
‘Even the letter from the former intelligence officials cited by The Intercept and other outlets to insinuate that this was all part of some “Russian disinformation” scheme explicitly admitted that “we do not have evidence of Russian involvement,” though many media outlets omitted that crucial acknowledgement when citing the letter in order to disparage the story as a Kremlin plot.’
‘Despite this complete lack of evidence, the Biden campaign adopted this phrase used by intelligence officials and media outlets as its mantra for why the materials should not be discussed and why they would not answer basic questions about them. “I think we need to be very, very clear that what he’s doing here is amplifying Russian misinformation,” said Biden Deputy Campaign Manager Kate Bedingfield about the possibility that Trump would raise the Biden emails at Thursday night’s debate. Biden’s senior advisor Symone Sanders similarly warned on MSNBC: “if the president decides to amplify these latest smears against the vice president and his only living son, that is Russian disinformation.”
…former CIA officials and other agents of the security state claiming that the documents have the “classic trademarks” of a “Russian disinformation” plot…/
Uh-huh….sure…..Comrade. Isn’t it weird that the commies are blaming commies?
Putting my tinfoil hat on for a second…
What if these dribs and drabs on the Biden clan accrete into something impeachable after he’s in the Oval Office? Looking long-term, if doddering old age doesn’t do him in, this stuff could still put Camel Toe Harris in Biden’s place without an election. I’d assert that as a globalist back-door plan if I thought that there were people smart enough to run that long-con.
Unlikely. Impeachment is decided by the House, and Democrats are poised to retain the majority in the House. The only chance for impeachment is if the Republicans turn Congress red in 2022. I don’t think Biden will last that long.
Unlikely
It depends. If they really want Camel Toe to be prez they’ll toss Creepy Joe out the window.
Tucker Carlson just had Glenn Greenwald on for an interview. What the said about the intel community, the MSM, the Democrats, Big Tech lies and control was truly scary.
That’s a shame. Glenn Greenwald is the rarest of the rare: a leftist journalist with integrity who follows the story where it leads and isn’t afraid to speak truth to power.
Is this development akin to the collapse of the subprime ABX mortgage index in 2007?
The Financial Times
Opinion US & Canadian companies
A disturbing new signal from the CDS market
Falling prices at auctions suggest trouble ahead for lenders to beleaguered companies
Gillian Tett
Recoveries for credits with CDS auctions have been ‘alarmingly low’ this year, as seen with Neiman Marcus department stores
© Richard Levine/Alamy
Back in 2008, investors and journalists obsessively tracked the price of credit default swaps, derivatives contracts that investors use to insure themselves against default.
As the financial crisis unfolded, CDS prices were a financial canary in the coal mine. When it became more expensive to insure a bank bond against default, that signalled severe trouble at the bank. Thankfully, this ghoulish game has ceased: most banks are so much better capitalised that their CDS prices are now boringly stable.
But a new CDS signal is emerging that is worth noting. Not because the trend itself has systemic implications, but because of what it suggests about what is happening to ailing companies.
The issue revolves around what creditors can expect to recoup in bankruptcies. Most CDS contracts stipulate that financiers need to know what a company’s cheapest available bond will be worth at the point the company defaults. That’s because CDS contracts make investors whole by paying them the bond’s original face value minus its market value. When a company goes bust, financiers hold an auction to determine the market price, and the resulting prices offer one guide to what creditors think the company’s remaining assets are worth.
Over the past decade, the average CDS auction prices have moved in a band between 10 and 60 cents on the dollar, but have generally been between 30 and 40 cents. However the nine US auctions conducted in the year to August produced an average price of just 9 cents — and just 2.4 cents if you look at the worst four: Chesapeake, California Resources, Neiman Marcus Group, and McClatchy. “Recoveries for credits with CDS auctions have been alarmingly low,” Brad Rogoff writes in a Barclays note.
…
Love it.
President Donald Trump continues to find a surprising number of allies among hip-hop’s elite.
Cash Money superstar Lil Wayne seemingly endorsed Trump in a tweet that quickly blew up Thursday, posing a picture with his thumbs up alongside the president while hailing Trump’s work on criminal reform.
“Just had a great meeting with [Trump],” the New Orleans native, born Dwayne Michael Carter Jr., wrote on Twitter. “Besides what he’s done so far with criminal reform, the platinum plan is going to give the community real ownership. He listened to what we had to say today and assured he will and can get it done.”
https://www.yahoo.com/entertainment/lil-wayne-supports-donald-trump-002659381.html
A comment:
Lil Wayne, following in the footsteps of Kanye and 50 Cent, just endorsed President Trump.
Rappers are now Republicans.
What a time to be alive.
I would love to see Trump getting behind a reform of our criminal justice and penal systems. It’s one area where he can find a lot of ground with the likes of Kim Kardashian and quite a few on the left, as well as in the black community, who oppose private prisons and the prison-industrial complex (and rightfully so). Our current system is an absolute disgrace to a so-called civilized country.
I would love to see Trump getting behind a reform of our criminal justice and penal systems.
Didn’t he do that two years ago?
https://www.foxnews.com/politics/trump-signs-criminal-justice-reform-bill
Evidently 50-cent went back to blue pill after Chelsea Handler “reminded him that he was Black.” I don’t think that would sit well with the Black community as a whole.
See posted video of Candace Owens pointing out that Chelsea Handler is the racist. Do you honestly think it changed 50 Cent’s vote? Why not just lie about who he voted for? Unless Chelsea Handler expects to cast his vote.
As of September 1, the average median sales price for condos and townhomes in Manhattan year-over-year has decreased -24.3%. Closed sales have dropped -37%, even accounting for the decline in prices.”
Is that a lot?
‘You’ve got unemployment, which is through the roof,’ Lyons said. ‘I think there’s a major crash coming.’
A truth-teller. Better ban him, MSM.
Expenses quickly mounted on the DiPietras’ fixed income. In order to make sure she had money for food, ‘I immediately put my mortgage in forbearance,”’ Mary Ellen said. Millions of Americans did the same.”
Yer a deadbeat & a freeloader, Mary Ellen.
This is the America you voted for, this is the America you created:
https://nypost.com/2020/10/29/walmart-pulls-guns-and-ammo-displays-over-civil-unrest-concerns/
And the 2nd Amendment puts BLM in the grave.
Your move, suckers…
“The 53-second video shows dozens of looters cramming into La’vanter Boutique, a small clothing store in North Philly, and ripping it apart on Tuesday around 4 a.m., according to Jameelah Scurry, who co-owns the business with her brother Jamil.”
https://nypost.com/2020/10/29/looters-ransack-philadelphia-boutique-amid-protests/
The convicted felon that this Burn Loot Murder temper tantrum is being held in honor of has NINE children at the age of 27.
This country feels like it’s beyond saving…
Theres definitely a fall of rome meets weimar republic with a heavy idiocracy vibe.
Probably will retire next year and pull the plug on supporting any part of this madness.
“This country feels like it’s beyond saving…”
Depressing, I’m going back to the 80s for a while.
Talk To Ya Later
https://youtu.be/7DJ3_x7Uvv0
I’ll see youyour 80s MTV music and raise you 80s TV themes:
https://www.youtube.com/watch?v=eYf595EJAc4&ab_channel=SamaraGinsberg
And the companion piece:
https://www.youtube.com/watch?v=73iTHJQaxcY&ab_channel=SamaraGinsberg
She’s awesome!
She is very talented but let’s see her try this. 🙂
https://youtu.be/T5DnqW3F57E
but let’s see her try this
Submit a request.
according to Jameelah Scurry, who co-owns the business with her brother Jamil
I guess those looters stuck it to the man!
“I guess those looters stuck it to the man!”
LMAO, so true!
In this episode, Massad Ayoob talks about the evolving nature of mob violence, the co-opting of legitimate political protest as cover for rioting and criminal behavior, and the role that popular rifle platforms such as the AR-15 should and should not play in civil defense against societal breakdown and invasions of private property.
https://www.youtube.com/watch?v=jbDUgKhfOcY&feature=emb_logo
The year 2030 is gonna be glorious. You’ll all be digging around in the dirt with sticks looking for bugs to eat, wondering why when the whypepol abandoned your civilization, you stopped having running water and electricity.
#BedMadeLie
Damn, dude. You’re harshing my buzz.
I suspect that eventually La Raza will drive the BLM crowd into the ocean.
They’ll blame it all on “orange man bad.”
wondering why when the whypepol abandoned your civilization
Where will they go? It’s not like other countries are going to welcome white Americans with open arms.
Joe Biden, Wall Street stooge.
https://www.breitbart.com/politics/2020/10/29/wall-street-big-banks-spend-74-million-trying-to-get-joe-biden-elected/
Why is this old crank still alive, and John Lennon dead?
https://www.yahoo.com/news/pelosi-wants-big-health-care-160543001.html
If Biden somehow wins the election, I hope impeachment proceedings begin immediately.
impeachment goes through the House, which the Democrats will certainly control.
The religion of peace strikes again…
Three people have been killed—including one elderly woman and another person by decapitation—and several others injured in a suspected terror attack inside the Notre-Dame basilica in the French city of Nice. The knife-wielding assailant, who was wounded by police gunfire, allegedly yelled “Allahu Akbar” several times, including while he was being detained, in what has come to be known as a battle cry for Islamic extremists in Europe.
https://www.yahoo.com/news/suspected-terror-attack-leaves-three-092020285.html
Foreign workers in France are caught in lower cast system of manual labor, imported to scrape the schitt for the upper cast who are protected by professional certifications and unions.
During the COVID-19 movement restrictions, Eurozone farms couldn’t import the field hands they needed (cheap migrant labor) to pick the fruit, so they appealed to the native population that was sitting at home twiddling their thumbs in lockdown. A lot of former German and French professionals responded, and went out and picked fruit or otherwise toiled in the fields. They came away with a healthy respect for the migrant workers who survive off such labor, which is a hard damn days work that most Germans, French etc. literally won’t do.
Agreed. Two world wars culled the European population of their heartiest men and women before the digital revolution bifurcated the smartest from the rest.
“Rather than condemning the beheading, Erdoğan instead opted to try and create an uprising in the Islamic World against France’s famous secularism and freedom of expression that is protected by the 1789 Declaration of Human and Civil Rights. Turkey instead compared European Muslims to Jews before the Holocaust and called for a boycott of French goods.”
https://greekcitytimes.com/2020/10/29/terrorist-notre-dame-nice/
How are those open borders and multicultural globalist policies working out for you, Froggies?
R u buying the crater this week?
The Financial Times
Steer from crisis to recovery with the FT
Markets Briefing US equities
Global equities markets on course for worst week since March tumult
European stocks and US futures drop after Big Tech earnings fail to appease investors
© JUSTIN LANE/EPA-EFE/Shutterstock
Adam Samson in London
24 minutes ago
Equities markets were set to cap a volatile trading week on a gloomy note on both sides of the Atlantic after broadly upbeat earnings from America’s tech giants failed to impress investors.
The Europe-wide Stoxx 600 index fell 0.8 per cent when markets opened on Friday while Frankfurt’s Dax fell 1.1 per cent and London’s FTSE 100 was down 0.8 per cent. The price of oil slid another 0.7 per cent to its lowest level since May.
MSCI’s broad gauge of stocks in developed and emerging markets around the world has shed 4.5 per cent this week, the heaviest sell-off since concerns about coronavirus gripped markets in March.
Wall Street futures pointed to steeper losses still: futures following the tech-heavy Nasdaq 100 index were down 2.1 per cent while those tracking the broader S&P 500 dropped 1.5 per cent.
The latest bout of selling came even after Alphabet, Amazon, Apple and Facebook all revealed quarterly results after the close of trade on Thursday that showed sales climbing more swiftly in the third quarter than analysts had been expecting. The shares prices of the quartet of large technology groups have soared this year, helping to fuel a nearly 25 per cent rally in the Nasdaq Composite despite pressure caused by the pandemic.
The sharp increases have lifted the price of the stocks relative to their profits, something that investors say has left them vulnerable to sharp rises and falls as traders reassess their outlook for the economy in general and the sector in particular.
“Over the last 24 hours we’ve gone from treat to trick as the prospect of big tech earnings first lured investors back in and then disappointed when they arrived after the bell,” said Jim Reid, strategist at Deutsche Bank.
…
DJIA futures …
https://finviz.com/futures_charts.ashx?t=YM&p=h1
Mr Market certainly seems glum these daze. Is it a tantrum over no stimulus or record early mail-in voting that has him all riled up?
oftwominds-Charles Hugh Smith: ALICE Doesn’t Work Here Anymore
http://charleshughsmith.blogspot.com/2020/10/alice-doesnt-work-here-anymore.html
(here is a snip)
“This is the neofeudalism I’ve often described here: the modern-day equivalent of the landless (i.e. owns no capital) serf is a landless (i.e. owns no capital) debt-serf with student loans, an auto loan and credit card debt and income that is constrained by globalization, financialization and the scarcity of high-paying work that isn’t reserved for insiders and the privileged few who chose their wealthy, well-educated, socially connected parents wisely.
“Lacking capital and any realistic means of acquiring any, the debt-serf has only labor to sell, and in a globalized world in which everyone selling their labor is competing globally for work producing tradable goods and services, ordinary labor has lost purchasing power for the past 45 years (see charts below).”
And here I am, Mr. Banker, correctly positioned to fully take advantage of this debt-serf situation these ignorant pukes willingly and eagerly put themselves into.
I open my doors each morning and into my bank they flock ready and willing to sign up for any ruinous financial scheme I choose to present to them. It is really quite amazing.
But I am not complaining; Their ignorance and gross stupidity allows for me an easy life of luxury. They work, I reap.
Bahahahahahahahahahahahaha.
+1. CHS is on my daily must-read list of truth-tellers.
No wonder Joe looked so angry yesterday.
Money Laundering: Joe Biden’s Brother Sent Bank “Wiring Instructions” To “Spy Chief Of China”
by Ethan Huff | NaturalNews.com
October 29th 2020, 5:30 pm
Jim Biden, described by The Gateway Pundit‘s Cristina Laila as “Joe Biden’s slimy grifter brother,” told Ho, a Hong Kong national who was suspected of being a covert agent for the communist Chinese regime, to wire the funds to Owasco LLC, Hunter’s personal firm.
Ho, it turns out, was previously under FISA surveillance after having been charged with money laundering in connection with CEFC China Energy Co. contracts that were established in Africa. CEFC, in case you missed it, is a Chinese energy company that gave Hunter and the Biden family a $5 million “interest-free” loan, according to leaked emails.
In a leaked audio recording that was shared by the Pulse this week, Hunter is heard describing Ho as his business partner and the “f***ing spy chief of China.” Hunter is also heard complaining about his business partner Devon Archer, who summoned Hunter and his father Joe as witnesses in a criminal case in the Southern District of New York, supposedly without notifying them.
Biden crime family had hoped to hide behind “plausible deniability”
According to the official U.S. Senate report on Hunter Biden’s business dealings, Owasco, the firm that Ho was told to wire funds to, lists Hunter as its “executing officer and governor,” suggesting that Hunter was the ringleader in laundering money on behalf of himself and his family.
https://www.infowars.com/posts/money-laundering-joe-bidens-brother-sent-bank-wiring-instructions-to-spy-chief-of-china
Joe Biden is quoting scripture and telling the voters it’s time to be One Nation Under God, despite his party’s Marxist-Leninist hostility toward religion and morality. He must be getting desperate.
https://www.christianpost.com/politics/joe-biden-tells-voters-its-time-to-be-one-nation-under-god.html
You know, the thing!
Come on man…
That’s priceless. Especially when he disavows everything the Catholic Church stands for yet claims to be Catholic.
Waterville, NH Housing Prices Crater 11% YOY As Double Digit Price Declines Expand Across New England
https://www.movoto.com/waterville-valley-nh/market-trends/
As one New Hampshire broker explained, “Housing sales has become synonymous with fraud. Fraud is the rule, not the exception.”
$222,109
9.2% 1-year change
8.9% 1-year forecast
in hartford? total shthole
zillow calling markets up where there’s discounting underway
Mornin’ Rip.
Zillow stopped reporting prices a couple months ago.
Hartford, CT Housing Prices Crater 15% On Surging Mortgage Defaults Across The US
https://www.movoto.com/ct/06114/market-trends/
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⣿⣿⣿⢣⢑⡕⢄⠥⡡⢊⠌⣒⢔⡪⣖⢥⡣⣎⢞⢜⢜⢢⡁⠂⡈⣿⣿⣿⣟⣿
⣿⣿⡟⡼⡽⡮⡳⡡⢨⠱⠹⢰⠹⡚⡸⡘⡜⠜⡜⡜⡐⠡⡘⠐⣜⣽⣿⣿⣿⣿
⣿⣿⣏⡯⣯⢏⠪⡰⠔⡢⢡⢣⢕⣜⣼⣶⣮⡺⢐⠆⠅⠕⣌⠠⣯⢿⣿⢿⣿⣾
⣿⣿⣯⢯⢺⢪⢑⣀⣦⣾⣿⣿⠁⠙⡿⢿⠵⡛⣚⠶⢘⡢⡘⡆⣿⢟⡿⣿⣿⣿
⣿⣿⣿⣣⣷⡑⣼⡾⡺⣘⡬⢹⠠⠐⢀⠂⠉⠉⠄⠄⠅⢌⢊⢎⢧⡫⠣⡻⣿⣿
⣿⣿⣿⣷⣗⣗⢍⠊⠉⠁⠄⡷⡀⣀⢄⡑⠦⣆⣆⡢⡡⡊⢆⠕⠍⢞⢀⢯⣿⣿
⣿⣿⣿⣾⣗⣳⢕⢔⢐⢤⡳⡺⣿⣿⢟⠋⠈⠌⡛⣷⠳⡡⡑⢜⠌⠄⣊⣿⣿⣿
⣿⣿⣿⣿⣷⢝⢗⣝⢾⢏⣣⣱⣩⡽⠴⠖⡓⡚⠩⢃⠯⡪⢪⢪⢽⡪⣷⣿⣿⣿
⣿⣿⣿⣿⣿⣅⢕⢵⡑⡉⠏⢷⢵⡶⠶⠗⠭⠘⡈⢘⢞⢜⢵⣫⡚⡮⣾⣿⣿⣿
⣿⣿⣟⣿⣿⣿⣧⣻⣮⢮⡪⡀⠑⢔⢈⢄⡐⡀⠢⢅⢇⢧⢗⣗⢇⣿⣽⣾⣿⣿
⠿⠻⣛⡽⡽⢿⢻⣖⡽⣷⣘⢯⣦⡥⣟⣾⣾⣾⣽⣽⣯⣷⣻⣮⡳⣿⣿⣿⣿⣿
⡞⡯⡯⡿⣻⢵⣻⢿⣿⣾⣞⣮⣟⣿⣿⣿⣿⣾⣿⣿⣿⣯⣷⠟⠄⢿⣽⣻⡺⡽
⡣⡫⡪⡫⡺⣹⢞⣟⡿⣿⡪⡛⢞⢟⣿⣾⣿⣿⣻⣿⣽⠟⠁⠄⠄⢸⣿⣿⣿⣿
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That’s very cool, but…what izzit?
Between “Guardians of the Galaxy” and lockdown, my teenaged daughters have been turned on to ’80s music in a big way – and love it. The other day my 16-y/o played this video for me, and commented on how THERE ARE NO CELL PHONE!, people are engaging with each other, and the women are fresh-faced and natural, with no tattoos or piercings.
Ah, the good old days….
https://www.youtube.com/watch?v=4CGFxtS304c
Turn her on to Queen at Live Aid, widely considered the best live performance in rock history. Not a single person recording.
Absolutely.
Our NEA indoctrination mills might be turning out half-educated dolts incapable of independent or critical thought, but, by God, they’re doing a stellar job at their primary mission: inculcating the special snowflakes with collectivist ideology.
https://www.foxnews.com/politics/millenials-gen-z-socialism-marxism
Risk asset HODLers seem a little spooked today.
Happy Halloween!
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Last Updated: Oct 30, 2020 at 10:52 a.m. EDT
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