They’re Getting So Desperate, They’re Starting To Offer Huge Incentives To Entice Buyers To Make Offers
A report from CNBC. “‘Everybody I know is leaving,’ said Michael Kronenberg, who owns a downtown Manhattan apartment. ‘It’s not just New Yorkers. My partners, long-time clients and investors of mine that live in Connecticut or New Jersey, they are used to commuting in to the city. They’re never going to commute in five days a week ever again.'”
From Forbes on New York. “Manhattan’s rental market is all about concessions and more concessions. ‘In markets that are more favorable for renters (more available units than demand to fill these units), landlords may offer concessions to entice renters to pick their property,’ explains Senior Managing Editor of Apartment Guide Brian Carberry. Despite significant rent decreases the over-supply of available units make this a renter’s market. Currently even these lower prices aren’t luring an abundance of renters to sign leases.”
“Edgar Romero owner of a luxury condo at 100 Barclay Street in Tribeca understands the current climate. ‘In these difficult times, flexibility on both sides of the rental market is necessary. Concessions must be made to keep the market moving on some level with the exodus we have seen from the city.'”
From Bisnow on Massachusetts. “Boston remains one of the most expensive cities in the country, but apartment prices continue to fall precipitously. The average rent for a one-bedroom apartment in Boston this month is $2,210, according to Zumper’s November National Rent Report, with the median rent falling 12.6% in the past year. Multifamily property owners are feeling the pinch in Boston, where landlords collected just 68.6% of rents between Oct. 1 and Oct. 6. The rental collection drop-off rate of 11.7% was the largest among the country’s major markets. The Metropolitan Area Planning Council earlier this month indicated nearly 1 in 6 Massachusetts renters were behind on rent payments, and an estimated 60,000 households face eviction.”
From Bisnow Washington DC. “The restaurant industry’s nightmare year is about to get even darker. The cold weather is expected to slow demand for D.C. restaurants and make it more difficult to dine outdoors, a factor that has helped keep businesses alive during the pandemic. Geoff Dawson has already shut down one of his restaurants during the coronavirus pandemic, and he owns multiple large beer halls in and around downtown D.C. ‘It’s going to hurt a lot,’ Dawson said. ‘So many businesses are on the razor’s edge right now going, ‘OK, I think I can be here another two weeks, maybe three.’ That’s the nature of sitting dead in the water. We don’t see any answer.'”
“He said his bars across the board are doing around 20% to 25% of their typical sales, but business is particularly hard in the office-heavy downtown area. For this reason, he said he still hasn’t reopened Astro Beer Hall at 13th and G streets NW. ‘Downtown is dead as a fence post. There’s nothing going on. Nothing,’ Dawson said. ‘Nobody’s working, nobody’s visiting, nobody’s out being happy.'”
From Seattle PI in Washington. “Since the start of the coronavirus pandemic, rent prices have been dropping across the Seattle area. In October, that trend continued once again. Month over month, Seattle rent prices in October dropped 4.2%, ApartmentList found. Since the start of the pandemic, the city has seen its rent prices drop by 14% — the third most significant drop across the country, according to the study. It marked the seventh month in a row Seattle has seen its rent prices decrease.”
“Since March, rent prices were down in 41 of the 100 largest U.S. cities. Rent prices continue to fall more quickly in ‘pricey coastal cities,’ the study said. ‘Workers who have been laid off or furloughed in these cities likely have little buffer to continue affording sky-high rents.'”
The Los Angeles Times in California. “When Alan Abdo negotiated with his landlord to end the lease for Olive Tree Restaurant, he remembers saying, ‘I can’t close fast enough. I’m losing money by the minute.’ Olive Tree was a thriving, well-known Middle Eastern restaurant in Anaheim right up until the enforced business closures began. ‘The day before, we were still busy,’ owner Alan Abdo said. Then, he began losing ‘between $15,000 and $20,000 a month.'”
“Though some restaurants have successfully pivoted to takeout, Abdo said it didn’t work for Olive Tree — when they tried it, he said, they didn’t come close to breaking even. ‘I’m a nice sit-down restaurant. …We weren’t a fast food place,’ Abdo said. ‘On average people spent between $21 and $25 a person when they came into the restaurant. That was too expensive, especially with people losing their jobs.'”
“Despite the pain of losing Olive Tree, Abdo said he felt good about his decision to close permanently. ‘Everybody’s losing money. Well, I stopped losing money,’ he said. ‘It seemed like I was the smartest guy in the restaurant business.'”
From NBC Bay Area in California. “It’s no secret that since the pandemic started, California is seeing an exodus. Now a new study says the Bay Area appears to be getting hit the hardest. Santa Clara-based company Upwork surveyed more than 20,000 people and found that cities with the highest housing prices are seeing the largest number of people leaving. Adam Ozimek, chief economist at Upwork, says you can already tell there is a Bay Area exodus by looking at the recent rental market. ‘You can look at San Francisco, San Jose and the general area and see that apartment rents are declining rapidly,’ said Ozimek.”
“Scott Fuller is the founder of a company called ‘Leaving the Bay Area’ that helps clients relocate to less expensive places. He’s seen the trend but adds that the work from home trend isn’t the only recent event pushing people to leave. ‘It certainly has increased, really probably in the last 30 days,’ said Fuller. ‘Especially with a lot of the issues we’ve had with fires. You take a lot of these collective things that have happened in the Bay Area and in California, and at some point, people kind of reach their tipping point.'”
The Motley Fool on California. “Real estate agents in San Francisco are struggling to move condos off the market as inventory is up and buyers don’t seem to be biting. They’re getting so desperate, in fact, that they’re starting to offer huge incentives to entice buyers to make offers. But should investment property owners in San Francisco be worried?”
“Active listings for San Francisco condos are up 114% year over year, and while it’s not unusual for there to be more available condos than single-family homes, there are currently two condo listings for every single-family home available on the market. As such, the average price per square foot for condos has decreased 4% since 2019, and the number of buyers outbidding each other over asking prices is declining.”
From Atlanta Agent Magazine in Georgia. “A whopping 1.55 million (1.6% of all homes) are currently vacant, and just over 200,000 homes are going through the foreclosure process, according to ATTOM. The report added that the numbers are driven in part by the ban imposed by the CARES Act that prevents foreclosures on federally-backed home loans. Georgia is among the most hard-hit states, according to the report, which showed that zombie foreclosures are largely clustered in the Midwest and South. Georgia had a rate of 9.56% for properties in foreclosure and vacant. Atlanta was noted as having a zombie foreclosure rate of 11.5%.”
The Coeur d’Alene Press in Idaho. “Our fall series on North Idaho price cuts comes to a close with a look at some deals in Coeur d’Alene. Conveniently, all of our featured price cuts are located south of Interstate 90 in the heart of Coeur d’Alene. Being close to downtown and Lake Coeur d’Alene comes at a premium, which definitely explains the prices we’ll see compared to previous price-cut-a-palooza installments.”
“A bit closer to downtown and near Government Way are two larger homes with enticing price cuts. A four-bedroom, 2,800+ square foot home with a multigenerational layout (an in-law quarters with separate entrance) comes with a 24×24 shop and is priced at $674,000, down $25,000 from mid-October.”
“Another $25,000 drop nearby comes in the form of a sprawling five-bedroom, four bathroom craftsman with 4,100 square foot, modern amenities and a detached three-car garage. Price: $925,000 – pretty fair once you take a look at the listing, location and comparables. More price cuts can be found east of Tubbs Hill in and around the Sanders Beach neighborhood.”
“Want new construction near the water in the Sanders Beach neighborhood? Got a million bucks? Well, you can save $60,000 now on a four-bedroom, 4.5 bathroom 2020 home with almost $3,000 square feet and a ton of fancy modern things (including a hot tub!). Price: $1,099,000.”
“The more money you have, the more you can save… at least in the case of another Sanders Beach property with four bedrooms, 3,300+ square feet and everything fancy. A price cut last month slashed $200,000 to come in at $1,800,000. Folks with that kind of money can buy a few extra cars with that savings.”
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‘A price cut last month slashed $200,000 to come in at $1,800,000. Folks with that kind of money can buy a few extra cars with that savings’
That’s the spirit!
Eat yer crowz Thornberg.
“The more money you have, the more you can save”
WTF kind of RealtorBabble am I reading?
The only appropriate response to such malarky is to kick them in the jimmies.
“WTF kind of RealtorBabble am I reading?”
The kind that works.
Beau deserves a steak bone!
No dogs today, but I am posting from the top of a 12,000 foot mountain right now.
People with mortgages can’t do that, no debt donkeys allowed above treeline 🙁
“People with mortgages can’t do that, no debt donkeys allowed above treeline”
Just as well.
You would have posters asking…
How did you get that donkey up there?
‘In these difficult times, flexibility on both sides of the rental market is necessary. Concessions must be made to keep the market moving on some level with the exodus we have seen from the city’
Yeah, we’re all in this together Ed. Except yer fooked and I’m not.
‘In these difficult times, flexibility on both sides of the rental market is necessary.
Wrong, Edgar. Ever since the Fed’s deranged money printing pumped up asset bubbles, landlords have had renters over a barrel. I didn’t see much “flexibility” when they were gouging people who needed to put a roof over their heads. Now it’s payback time, and the “flexibility” – or bending over, if you will – is going to be confined to one side: greedy landlords.
‘business is particularly hard in the office-heavy downtown area. Downtown is dead as a fence post. There’s nothing going on. Nothing,’ Dawson said. ‘Nobody’s working, nobody’s visiting, nobody’s out being happy’
But are you safe? That’s all that matters, right? A nice warm urine soaked mattress to huddle under with yer mouth hankey?
I heard a guy on the radio a few weeks ago saying downtown DC is still boarded up. Any of you local DC commies got a report on that?
I haven’t been to downtown DC in over a year. Not because of the libs — it’s because Metro (the subway) is a disaster.
Cumberland, WI Housing Prices Crater 35% YOY As Northwest Wisconsin Housing Market Swirls The Bowl
https://www.movoto.com/cumberland-wi/market-trends/
As a noted economist stated, “You’d have to have rocks in your head to buy a house in the last 15 years.”
‘In markets that are more favorable for renters (more available units than demand to fill these units), landlords may offer concessions to entice renters to pick their property,’ explains Senior Managing Editor of Apartment Guide Brian Carberry.
“Concessions,” my a$$. Slash the rent to reflect the new economic reality, period. Otherwise you’re just wasting renters’ time.
‘On average people spent between $21 and $25 a person when they came into the restaurant. That was too expensive, especially with people losing their jobs’
Losing jobs, in California? Wa happened to those gold nuggests where you park in the front yard?
‘Everybody’s losing money. Well, I stopped losing money’
Shot yerself in the fook guvnah. What a joke of a state.
Shot yerself in the fook guvnah. What a joke of a state.
And he’s just reloaded the gun to do it again. CA residents are some kind of stupid.
“Boston remains one of the most expensive cities in the country, but apartment prices continue to fall precipitously.
Oh dear. The REIC shills have dropped all pretense that this is a “shifting” market and are now describing the cratering for what it is. I fear that such frankness is going to make it more difficult for realtors to peddle shopworn falsehoods like “There’s never been a better time to buy than right now!”
“‘Everybody I know is leaving,’ said Michael Kronenberg, who owns a downtown Manhattan apartment. ‘It’s not just New Yorkers. My partners, long-time clients and investors of mine that live in Connecticut or New Jersey, they are used to commuting in to the city. They’re never going to commute in five days a week ever again.’”
The Specials – Ghost Town
https://www.youtube.com/watch?v=RZ2oXzrnti4
Falls Church, VA Housing Prices Crater 41% YOY As Excess Empty Housing Rots On The Vine As Rental Rates Plummet
https://www.movoto.com/falls-church-va/market-trends/
As one Washington DC broker explained, “Everyone paid too much for too long. Now housing prices are cratering.”
The cold weather is expected to slow demand for D.C. restaurants and make it more difficult to dine outdoors, a factor that has helped keep businesses alive during the pandemic.
Being harassed by roving mobs of BLM thugs while trying to enjoy an evening out can’t be good for business, either, although no Real Journalist would ever include such a detail in their article.
How many people are going to say “Hey, let’s go grab a bite to eat outside!” when it’s in the teens? Zero?
The Metropolitan Area Planning Council earlier this month indicated nearly 1 in 6 Massachusetts renters were behind on rent payments, and an estimated 60,000 households face eviction.”
Is that a lot?
They’re going to kick this can until they declare an end to the shamdemic. “Free rent” for everybody. Landlords are going to continue to get shafted.
Eight million small landlords might become born-again libertarian-conservative opponents of government overreach and meddling in contract law. If not, screw ’em – you reap what you vote, and anyone who “invests” in rental property in a Democrat-controlled state or city is an imbecile.
The problem is the CDC. It doesn’t matter what state, city or town you’re in, you cannot evict anybody.
you cannot evict anybody I haven’t read anything from lawyers, etc. about the legality of the CDC pronouncing this. It seems illegal/unconstitutional. Congress went AWOL a long time ago and has done almost nothing about setting federal policies.
How many were behind in at this time, in previous years?
Want $6 gasoline?
Vote for Biden.
Want a painful rash to break out on your nether regions?
Vote for Biden.
(Hey, this is fun, Mafia Blocks!)
I’m not sure which you like more….. falling housing prices or President Donald J. Trump.
Have to give Trumpy credit for standing back and standing by while the free market works to restore sanity to New York City real estate prices.
Werent you one of the many bloviating goons that claimed electing a NY RE tycoon meant nothing but up up up for prices?
Yeah, pepperidge farms remembers 😉
Werent you one of the
Your memory is really really bad.
“Since the start of the coronavirus pandemic, rent prices have been dropping across the Seattle area. In October, that trend continued once again. Month over month, Seattle rent prices in October dropped 4.2%, ApartmentList found.
The fact that Seattle’s Bolshevik municipal government gave BLM-Antifa mobs free rein to burn, loot, or assault anyone they deemed to be “Nazis” surely had nothing whatsoever to do with businesses and taxpayers relocating and real estate prices cratering.
As such, the average price per square foot for condos has decreased 4% since 2019, and the number of buyers outbidding each other over asking prices is declining.”
These REIC shills are such compulsive liars that they can’t stop hawking the bidding wars fiction in a dead market. That was so 2015, Real Journalists. Why don’t you asshats hire former Iraqi Information Minister Baghdad Bob to give your rag some much-needed credibility?
“Another $25,000 drop nearby comes in the form of a sprawling five-bedroom, four bathroom craftsman with 4,100 square foot, modern amenities and a detached three-car garage. Price: $925,000 – pretty fair once you take a look at the listing, location and comparables.
Nice try, REIC hucksters, but I’ll think I’ll just sit tight in my reasonably-priced rental and wait for the Fed’s Everything Bubble to burst, which is going to dwarf all the other calamities that happened in 2020. Why would I settle for a piddly $25K price cut when trillions of Yellen Bux valuations are going to be wiped away from these bubblicious shack prices?
Delusional California financial officials and their Wall Street grifter cohorts still haven’t figured out we’re in an economic free-fall and former fun-spots like Las Vegas are toast.
Fortress Fails to Sell Record Bond Deal for Las Vegas Rail
https://www.bloomberg.com/news/articles/2020-11-01/fortress-fails-to-sell-record-bond-deal-for-las-vegas-rail?srnd=premium&sref=ibr3A0ff
Fortress Investment Group is postponing its plan to build a train to Las Vegas from Southern California after failing to sell a record amount of unrated municipal debt to finance the speculative project, showing the limits of investor appetite amid an economic downturn.
Since the end of September, Fortress, through its company Brightline Holdings, had been marketing $3.2 billion of debt to be issued through California and Nevada agencies. It subsequently reduced the size to a still-record offering of $2.4 billion and tried to purchase some of the bonds it sold for a Florida rail as a way to entice investors to commit to the Las Vegas sale before terminating that buyback offer Friday.
What, you don’t like hard.working American$ having good paying job$ building 🔧🔨🔩on American $oil infrastructure$🚝🚂🚞 with borrowed monie$ @ 1.86% intere$t?
NEARLY 1,000 CONSTRUCTION WORKERS ARE NOW ON THE JOB BUILDING BRIGHTLINE’S MIAMI TO ORLANDO RAIL LINE
TheNextMiami/ October 29, 2020
The new Miami to Orlando (and Disney) rail connection being built by Brightline is moving full steam ahead with construction.
The company told investors last week that there were over over 982 construction workers actively engaged in build out of the Orlando line in September.
Brightline said they continue aiming to complete construction and begin the Miami-Orlando train service in 2022. Covid-19 is not expected to have an impact on the construction timeline, the company said.
In April 2019, the company raised $1.75 billion in a bond sale meant to finance construction of the Orlando route. The company says that it is now raising additional financing to maintain the
pace of construction activity (an additional $80m loan due in June 2021 was issued at an interest rate of Libor plus 2.5%).
A Disney station is planned to open shortly after an Orlando Airport station, but only the airport station line is now under construction.
When I was in Miami last year I only had a car one day, so I tried to use the various public transport. It was a confusing mess. No connections between lines, etc. I will say this: people in Miami did everything they could to tell me where to go next, not hesitating to help and explain things. Really nice folks in Miami.
Oct 14th: “The alleged attacker in the Sept. 4 Miami Metromover case, Joshua James King, was also in court today. A judge ruled he is competent to stand trial. King was ordered to continue taking his medication and to not leave Leon County, where he is currently living.”
He’s going to loose it on Nov 4th.
“Multifamily property owners are feeling the pinch in Boston, where landlords collected just 68.6% of rents between Oct. 1 and Oct. 6.”
The sure-thing business model of borrowing money to buy properties and rent them out is failing on a massive scale.
For the past few days Trumpys been talking about 2 dollar gas versus 6 dollar gas.
Thee. “Hoax!”.deeth.viru$.👾 : “we don’t care$ ’bout her $tinkin’ politician$! … munch, munch, munch
“This is all about demand,” said Tom Kloza, chief oil analyst with the Oil Price Information Service, which tracks prices for AAA and confirms the number of stations that are now below $2.
Ga$ price$ below $2: Coming to a gas station near you
By Chris Isidore, CNN Business / Sat October 31, 2020
New York (CNN Business)More than half of the 140,000 gas stations in the US now are selling gas for just under $2 a gallon. And gas that cheap will soon be coming to many consumers in the rest of the nation.
With oil prices dropping due to concerns about a second wave of the Covid-19 pandemic eating deeply into demand, gas prices are now down to levels nationwide not seen in more than four months, when the country was coming out of lockdowns and the economy was just restarting.
With millions of people out of work and millions more working from home and no longer commuting, gasoline consumption is well below year ago levels. It’s now in the 85% to 89% range, an improvement over the the 50% consumption in April during widespread stay-at-home orders.
(yer gonna soon bee sitting’ next to aqdan countin’ empty train coal.car$ pa$$ing bye & lookin’ for hour$ to $pot a Boeing 737 max flying bye.)
$2 dollar gas is a sign of deflationary pressures in our free-falling economy. 40 million unemployed people probably aren’t doing much driving.
Not to mention the WFH crowd
Everybody loves falling gas prices!🤣
God Bless President Donald J. Trump and God Bless America!
I’d happily pay more at the pump if it meant more of my American brothers and sisters were going back to work.
Why aren’t you offering more than market price?
This one goes into the hall of fame posts.
In Oregon you cannot pump your own gasoline, i.e., it’s a jobs program for the lower ranks.
Biden’s comments downplaying China threat to U.S. fire up pols on both sides
May 2, 2019, 1:34 PM EDT
By Adam Edelman
“China is going to eat our lunch? Come on, man,” the former vice president said.
“I mean, you know, they’re not bad folks, folks. But guess what? They’re not competition for us,” he added.
https://www.nbcnews.com/politics/2020-election/biden-s-comments-downplaying-china-threat-u-s-fires-pols-n1001236
“I mean, you know, they’re not bad folks, folks. But guess what? They’re not competition for us,” he added.
Since the CCP and Democrats are on the same page ideologically, I can understand Comrade Biden’s affinity for his collectivist fellow travelers. I bet China would be glad to give Hunter Biden a sole-source contract for the red scarves our NEA indoctrination mills will be needing for the junior commies-in-training.
Idiot.
Joe Biden Says ‘Poor Kids’ Are Just as Bright as ‘White Kids’
By Matt Stevens
Aug. 9, 2019
“We should challenge students in these schools,” Mr. Biden said. “We have this notion that somehow if you’re poor, you cannot do it. Poor kids are just as bright and just as talented as white kids.”
He paused, then added: “Wealthy kids, black kids, Asian — no I really mean it, but think how we think about it.”
https://www.nytimes.com/2019/08/09/us/politics/joe-biden-poor-kids.html
Had Joe gone into advertising it might have changed this classic jingle from the early 70s.
Hot dogs, Armour hot dogs
what kind of kids eat Armour hot dogs?
Black kids, Bright kids,
kids that climb on rocks
Poor kids, Wealthy kids
even kids with chicken pox
love hot dogs, Armour hot dogs
the dogs kids love to bite
https://youtu.be/l5qS2eByxzU
But should investment property owners in San Francisco be worried?
Owners? Maybe not. People paying crazy prices to rent to own from the bank and then subletting at a loss while depending on appreciation to make them rich? Yeah, go ahead and worry.
The brilliant Victor Davis Hanson on why the left has to lie
https://m.youtube.com/watch?v=BXJoRJ6iZmY
Cuomo claiming the wuflu came from Europe is a shining example, months after daily news coverage of Wuhan being locked down which preceded anything in europe. These reptiles will say anything and hell isn’t hot enough for these scum
We all know who the father of the lie is, which might help explain why so many high-ranking Democrats, celebrities, and globalist honchos seem to have a special affinity for that particular fallen deity.
Democratic nominee Joe Biden’s campaign confirmed Saturday that it would cancel several events in Texas after drivers with pro-President Donald Trump flags and stickers appeared to follow and surround a Biden campaign bus.
https://www.theepochtimes.com/biden-campaign-cancels-texas-events-after-vehicles-flying-trump-flags-surround-bus_3560383.html
A comment:
‘I find it ironic that you call us bullies when it is y’all that are destroying cities and free speech.’
I find it ironic that the FBI immediately dispatched a team of investigators to look into this “harrassment,” when they’ve been turning a blind eye to the Clinton and Biden Crime Families, Deep State coup plotting against a sitting president, and systemic fraud and corruption on Wall Street.
There are bad people on both sides determined to use coercion and cancel culture to shut down the other side.
Cherished American freedoms are the looser.
That’s a false equivalency, PB. The globalists own every single media outlet in this country, and are going all-out to censor and suppress non-Narrative compliant speech and to get any dissidents fired and subjected to Red Guard mob attacks and intimidation. The vast majority of the people on the right have zero interest in”shutting down the other side,” we just want them to leave us the hell alone and not try to impose their collectivist ideology and #ClownWorld lunacy on the places where we live and raise our families.
Jib.jab … San Francisco or Salt Lake?
Free.Choice lives on in America
The vast majority of the people on the left have zero interest in ”shutting down the other side,” we just want them to leave us the hell alone and not try to impose their collectivist ideology and #ClownWorld lunacy on the places where we live and raise our families.
(Only changed x1 word!)
If you believe that a conservative has the same ideology or the same world view as a progressive liberal, you need to get out more.
“If you believe that a conservative has the same ideology or the same world view as a progressive liberal”
Doe$’t everyone expect to find tissue in the stall when they close the toilet door?
Or do you just knot care?
Doe$’t everyone expect to find tissue in the stall when they close the toilet door?
Not in China. That only works in a society with enough affluence to make the cost negligible and high trust enough that people don’t just take it all to add to their hoard on general principle.
Thee.”Hoax! “.deeth👾 $till.$preading … munch, munch, munch … it thrives indoors & endures cold weather … coming soon to Northern latitude$
We’re rounding the corner, again! 🚑🏥🔜🔚⤵…☕
1,200,086+ 👆📈 🚀👾deeth$ = “📢🎤 it’s just thee common.cold folks!”
Prognosi$:
Hospital$ Strained From Amarillo to Prague as Covid Wor$ens
Bloomberg / By Jason Gale / October 30, 2020
France to $pend extra 2.5 billion euro$ buttre$$ing hospital$
Polish health $ystem is $tretched to its limit$, official says
Worldwide, 45.3 million confirmed cases and almost 1.2 million deaths were reported to the World Health Organization as of Friday. The U.S., India, Brazil, Russia and France had the most new cases. The global tally jumped almost 18% in the week ending Oct. 19, the biggest weekly increase since March.
‘Sense of Foreboding’
“There’s a certain sense of foreboding when you see community transmission reach high levels,”
Surging coronavirus cases across Europe and North America are filling intensive-care beds, straining hospitals and prompting some to warn of critical shortages, as the global pandemic takes a worrying turn.
Hospitalizations skyrocketed in more than a dozen countries in Europe, with admissions soaring beyond the peak reached last spring in a swathe from Austria to Portugal. In the U.S., where new daily cases topped a record 92,000 Friday, hospitalization rates have climbed 12% over the past month, with more than one in six inpatients in South Dakota having the coronavirus, government data show.
France, Germany and Belgium will clamp down on movement for at least a month, approaching the stringent lockdowns in the spring as Europe seeks to regain control of the crisis. France reported 49,215 new cases Friday, more than six times the level a month ago. The government plans to spend an additional 2.5 billion euros ($2.9 billion) preparing hospitals for the disease, which President Emmanuel Macron said may cause 9,000 patients to fall critically ill by mid-November.
“We’re seeing increasing transmission throughout much of Europe,” said Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota, in a podcast Thursday. “France is right now one of the hottest countries in the world, far exceeding the case numbers we’ve seen on a per-population basis here in the United States.”
Although most people who get infected have mild-to-moderate symptoms, about 5% of patients will require hospitalization and about 1% will need intensive care, Warrillow said.
“When it just rips through a community, then the numbers are just staggering,” he said. “Intensive care isn’t designed for massive peaks like that. It’s easy to potentially overwhelm your critical-care system even with relatively moderate increases.”
In the U.S., Texas has the most hospitalized Covid-19 patients, with almost 6,000 cases filling 10% of occupied beds, data updated Friday from the Department of Health and Human Services show. Federal and state agencies have opened field hospitals and deployed 1,000 nurses and other personnel to aid El Paso, where more than 40% of the occupied hospital beds have virus patients. Outbreaks are also accelerating in Lubbock and Amarillo, where more than 20% of hospitalized patients have Covid-19.
In eight states, more than 10% of hospital beds are occupied by Covid-19 patients.
Northern Ireland has surge capacity of ICU beds available, the region’s health minister Robin Swann said on Wednesday, even as the number of severe Covid-19 patients hovers close to the highest since May. There are 19 ICU beds available currently, while 99% of hospital beds overall in the region are occupied, according to health ministry statistics.
The situation in Nordic countries is less dire. Sweden said Friday that coronavirus patients were occupying 57 of its 525 intensive-care beds. The Armed Forces, including mobile field hospitals, will be called in if needed.
“We are entering the part of the curve with very high contagion levels and may potentially reach the limits of what the health-care system and what society can handle,” Anders Tegnell, Sweden’s state epidemiologist, said at a briefing in Stockholm on Thursday.
— With assistance by Peter Flanagan, Corinne Gretler, Wojciech Moskwa, Geraldine Amiel, Lenka Ponikelska, Love Liman, and Rudy Ruitenberg
These socialists in Europe didn’t spend enough on ICU beds for decades. It’s well documented. The US has the highest number of beds per capita in the world. Last week I heard AZ has 3% of ICU with CCP virus. Most things are open, as far as I see.
Bloomberg has a foreboding all right.
These socialists in Europe didn’t spend enough on ICU beds for decades.
It’s one way they keep their per capita spending down. I used to work for a company that makes defibrillators. In the US, ambulances are equipped with the top of the models, which cost $10K. Crash carts in US hospitals also have the top of the line models. In Europe the have cheapo (< $2K) AED units, which are better than nothing.
The relatives in the UK have private insurance, so they don't have to wait years to get elective surgery from the NHS. Plus they can choose the surgeon. Relatives in Hungary have told me that you have to grease palms (they call it tipping) to get a decent surgeon at at government hospital.
And yet their life expectancy is higher, and going up while ours is lower, and going down.
Another good example of the failure of governance of the American people by the central bankers for the private bankers to make Americans better off…
Life expectancy is highly influenced by the Infant Mortality Rate since life expectancy is the expected number years of life for an infant born today, given the current age-specific death rates of the population. In the USA our Infant Mortality Rate is high mainly because the rate for Blacks (10.8/1000 births) is over 2 times higher than the rate for Hispanics (4.9) and whites (4.6). Asian have the lowest rate (3.6).
https://www.cdc.gov/reproductivehealth/maternalinfanthealth/infantmortality.htm#mortality
Also, the definition of a live birth is a fetus that is delivered that shows any indications of life (e.g., involuntary movement, breathing etc.) is defined to be a live birth and is now a person, even if the newborn dies immediately after delivery. This is a very important definition since if a baby is born and dies shortly thereafter, a birth certificate is issued and counted as a live birth, and a death certificate must also be issued. And the remains of the newborn must be handled in a legally approved manner (eg, burial, cremation, burial at sea etc).
Not all countries follow such strict practices as America does. There have been studies on this but it is an area that is difficult to research. That’s why the issue of terminating a fetus delivered by a botched abortion is so troubling. I’m not sure of how the law is applied to abortion procedures but if the very same thing happened during a birth procedure and the doctor or anyone killed the newborn that is murder. Because by definition a live birth occurred and the baby is a human being. It doesn’t matter how long the baby lives after birth, if it dies then it is counted as a death. In botched late-term abortions if the fetus is delivered and it’s alive, using the rules that govern births, that fetus is now a person. You can’t kill it if the procedure is one of labor and delivery. If it’s an abortion the same rules don’t seem to apply. I haven’t studied up on this but there seems to be a very large conflict here that has nothing to do with abortion per se.
Killing a person is called murder.
Most people do not understand what the life expectancy statistic means, how it is calculated and what influences it and how it should be interpreted.
Furthermore the high death rates from accidents and homicide in blacks has a significant effect on the overall life expectancy of America because these deaths occur in young people which have a large influence on the life expectancy statistic.
The problem with Covid-19 in Europe is not one of an epidemic that is rampaging worst than what’s happening in America–it’s the same disease–it’s a problem that they don’t have enough acute care hospital beds and ICU beds to handle the extra patients from Covid-19. In Los Angeles County which had the highest number of cases after New York in the first wave, the ICU bed utilization got to about 70% and the acute care bed use was much lower. There were plenty of hospital beds available to handle the increased patient load.
The USS Mercy went virtually unused–it’s extra beds weren’t needed. So Ben is right when it comes to the current problems in Europe. One of the main reasons why Europe’s GREAT socialized medical systems work is because it’s built on the cheap. They have much fewer resources available across the board per capita when compared with America.
Even a small community hospital in this country has to meet strict standards that most other nations in the world don’t have. If the local hospital can’t handle a case that requires more advanced treatment the patient will be transported to a tertiary care medical center.
For example, I have a friend that was a pediatric resident at a large university medical serving a large portion of California. Residents had to rotate through a “transport” duty where they would be the physician on life flight helicopter/airplanes or paramedic ambulances depending on the distance the patient was from the hospital. They got a call from a small hospital located hundreds of miles away where they had a patient that needed treatment that couldn’t be done at the small local hospital. So the team got on a special medevac twin engine airplane and flew out at 1 AM to go pick up the kid. They then flew the patient all the way back and kid was taken care of at the university hospital.
It didn’t matter who the patient was, their residency status or insurance situation. If the patient died at the local hospital because it didn’t receive available life saving treatment which was a 2 hour airplane ride away, they’d get hit with sanctions from the State regulators and be sued to the moon.
In America on the average our population gets Mercedes Benz level medical care. The same cannot be said of other developed nations in the world.
@zzy-
Thanks for the explanation. Welcome aboard!
It didn’t matter who the patient was, their residency status or insurance situation. If the patient died at the local hospital because it didn’t receive available life saving treatment which was a 2 hour airplane ride away, they’d get hit with sanctions from the State regulators and be sued to the moon.
And this is why the left’s “Trump is going to kill people by getting rid of Obamacare, during a pandemic no less” disingenuous. Nevermind the actual issue before the Supreme Court that they also mischaracterize.
^is
Or they could just hand out HCQ and Ivermectin and Vitamin D* to people at the point of positive test, thus preventing hospital stays. 🙄 But n-o-o-o-o, they have to send you home and wait for the illness to take over, THEN complain about ICU beds.
*recent paper explains that ~90% of COVID deaths were deficient in Vitamin D. C’mon man, even Trump got Vitamin D.
One medical U tuber (John Campbell) mentioned an email from Fauci stating that he (Fauci) took 150 Micrograms of Vitamin-D everyday.
Why isn’t he preaching what he practices? Bought off by big Pharma??
Why isn’t he preaching what he practices? Bought off by big Pharma??
Of course. This entire sham is being used to enrich the globalists. They want that big payday in the way of a “vaccine.”
By Jason Gale?
More https://youtu.be/rfh4Mhp-a6U Covid news from Jason Gale.
Two Cats Got Covid From Owners, Spurring Call For Vigilance
By Jason Gale
September 24, 2020, 7:35 AM EDT
Hwy
You want to read that cr#p this should keep you busy for a while.
https://www.bloomberg.com/authors/ADGG8ClBt6s/jason-gale
Thee. “Hoax!”.deeth.viru$ 👾 don’t care$ nothin’ ’bout yer “propagation.propaganda” Jeff.er.referee … munch, munch, munch
HEALTH AND SCIENCE
U.S. reports record 99,321 new coronavirus cases as scientists warn latest surge just beginning
CNBC / PUBLISHED / By Noah Higgins-Dunn
KEY POINT$:
The U.S. reported 99,321 new Covid-19 cases on Friday, beating its previous record set only a day prior, according to data compiled by Johns Hopkins University.
The top five records in daily cases have all been reported within the last eight days, according to Hopkins data.
Scientists warn that the U.S. is only at the beginning of the latest surge in cases and predict accelerated growth within the coming weeks.
As of Friday, 18 states reached record-high hospitalizations based on a seven-day average, particularly in the West and Midwest — Iowa, Idaho, Indiana, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Utah, Wisconsin and Wyoming all hit records, according to the Covid Tracking Project.
Although some have referred to the latest peak in cases as a “third wave,” White House coronavirus advisor Dr. Anthony Fauci said in an interview with SiriusXM’s “Doctor Radio Reports” aired on Friday that the country is still grappling with its original wave of infections.
There are now more than 9 million reported Covid-19 cases in the United States, which added an additional 1 million cases in only two weeks, according to Hopkins.
Over the last week, the U.S. reported an average of roughly 78,738 new cases every day, the highest seven-day average recorded yet and up nearly 25% compared with a week ago. The top five records in daily reported cases have all been reached within the last eight days, according to Hopkins data.
The term “cases” is not being properly applied here. A person that has a positive test for the Covid-19 virus in not a “case” if they don’t have the required clinical signs and symptoms. The US has lots of “cases” because we’re doing lots of testing. Many of the positive tests are occurring in people who don’t meet the required clinical criteria and, thus, they don’t have Covid-19. Talking about the number of positive tests is completely useless.
Also, the clinical course of Covid-19 cases vary dramatically based on the age and health factors of a person. In people under 40, Covid 19 rarely results in any serious illness or death. In school aged children the risks of Covid 19 are probably not any more than the common flu.
The age distribution of cases and the population has to be factored into any discussion of the outbreak in a population or when two or more populations are compared. Just because two populations have the same or different rate of Covid-19 cases means nothing.
To adjust for these age factors, the disease rates have to be “age-adjusted” to a standard population. This gets rid of the effect of differing age distributions between two or more populations. For example, if you have a population like India that has a huge proportion of its population that are young (eg < 40), you can't compare the rate of Covid 19 cases with Sweden where the age distribution is shaped completely different where the population has a high proportion of its people over the age of 65. India and Sweden have completely different population pyramids (shape).
Nobody is age-adjusting Covid-19 rates and they are using "crude rates" and this results in invalid comparisons. Per capita is essentially useless when you're comparing mortality rates since most causes of death are highly dependent on age.
What seems to be happening now in this country is that the epidemic is being driven by young people becoming infected. Most of these people aren't going to have serious symptoms and they won't be hospitalized. Even fewer are going to die. So who cares if they get sick. If they get infected and get over it in a week, they get taken out of the population of people susceptible to Covid-19–this is desirable and a GOOD thing. There's no reason why school age kids shouldn't return to school.
What needs to be done is to minimize the risk to people over the age of 60 (or so). They should take measure to lessen their exposure to the rest of the population. People living in care facilities are especially vulnerable. It's more effective and efficient to protect the most vulnerable than to waste resources protecting people that don't need protecting. It's that simple.
This is nothing new. Every flu season senior citizens and people who are immuno-compromised have to take action so they don't get the flu which can kill them. This includes transplant patients who are severely immuno-compromised. This is nothing new. There's no reason to treat Covid-19 any differently.
And with these massive lockdowns, the number of deaths from all the other diseases is rising and people are suffering adverse health affects, including death, from disrupted and delayed medical treatment for serious diseases. It might end up that the Covid-19 lockdowns and restriction killed more people than it saved. And remember, there's no evidence or proof that any of the measures being taken against Covid-19 actually work. In fact it is a known fact that simple cloth and fiber masks are completely useless in preventing the spread of viral particles or inhaling viruses. They are no more than talismans.
I have to disagree on the case count. I understand that a positive test for SARS-CoV-2 (the virus) is not the same as showing signs of COVID (the disease). However, someone positive for the virus is still contagious and may cause another person to catch the virus and develop the disease. That’s why I would rather count every virus positive as a case, even if it’s a misnomer. IIUC, case count is pretty high because colleges are testing all of their students regularly, and they are catching every asymptomatic case.
I have seen some mortality rates adjusted for age. Mortality is dropping for all age groups, even for the elderly. The decreasing mortality is not due only to increased testing of the young. I think it’s because of the Vitamin D (summer),m and possibly masks resulting in milder cases.
“So who cares if they get sick. If they get infected and get over it in a week, they get taken out of the population of people susceptible”
What happens when they sneeze (unmouthhankey) in the x5 $tar hotel elevator your 75+ aged Grand.parents are taking to get to breakfast? Or, are you implying the youth.of.America only take the stairs?
“There’s no reason to treat Covid-19 any differently” =
Ra$h Limpbaugh$: ” 📢🎤 it’s just the common.cold folks!”I
Your complicit in $upporting yer Fal$e.🍊.jesus.Profit$ … $ad.
What happens when they sneeze (unmouthhankey) in the x5 $tar hotel elevator your 75+ aged Grand.parents are taking to get to breakfast? Or, are you implying the youth.of.America only take the stairs?
Did you not read, slow-learner? 75+ year old grandparents shouldn’t be in a hotel elevator in the first place. They are the vulnerable who should be protected and staying home.
“…They are the vulnerable who should be protected and staying home”
What’$ the average age of folks $pending children’$ inheritance on Crui$e $hips? … (Knot Di$ney Tour$!)
27?
What’$ the average age of folks $pending children’$ inheritance on Crui$e $hips? … (Knot Di$ney Tour$!)
Who cares? The vulnerable have no business going on a cruise during a viral outbreak.
“..during a viral outbreak”
Ra$h Limbaugh$: ” 📢🎤 it’s just a common.cold folks! ”
Thee🍊jesus is in full agreement! ($ad)
Up next: Metal.of.Freedom award!
I understand that a positive test for SARS-CoV-2 (the virus)… However, the tests most commonly used measure RNA associated with / produced by/ left over from the virus. To be sure a test measures the virus, it is necessary to demonstrate that the material tested will produce the disease in another patient, and this is rarely done.
When you donate blood the Red Cross does an antibody presence test and posts the results for the donor. I’m not sure how reliable this test is either.
it is necessary to demonstrate that the material tested will produce the disease in another patient, and this is rarely done
Jn other words, a person could test positive and not be infectious. His/her immune system did what it was supposed to do and cleared (chewed up) the virus. AFAICT, some people are calling this a false positive, which it’s not. The test is detecting the correct RNA material. IMHO, it’s misapplication of a very sensitive technology.
Would a Biden-Harris win usher in whacko Democrat pet projects, like mandatory LGBTQ-whatever sex education in public schools, girls in boys’ dressing rooms and vice versa, in case of boys who identify as girls on any given day,
zero emissions energy policy, and Modern Monetary Policy on steroids?
The real #ClownWorld fiasco would start the day Joe Biden gets shunted off to the eldercare facility, and Comrade Harris’s globalist handlers can go full speed ahead on their “fundamental transformation.”
Let’s just not find out, ok?
Democrat pet projects
You’re asking if we should be confident that they will never do what they have been saying they will do, or miraculously (much to our alarm) do what they promise to do?
mandatory LGBTQ-whatever sex education in public schools, girls in boys’ dressing rooms and vice versa, in case of boys who identify as girls on any given day
Already happening in Poway Unified although I was able to opt my son out of the fifth-grade sex ex course. Also got an email about an online course entitled “Parenting LGBTQIAP2+ Children.” New school prinicipal is also forwarding leftist propaganda.
Noticing leftist propaganda in the curriculum too.
Joe Biden supports sex changes for eight year old children.
Note that the child is never consulted about the sex he is assigned as a result of a genitaia inspection by strangers, IMO a bonified triggering event …
“Sex assignment (sometimes known as gender assignment) is the discernment of an infant’s sex at birth.[1] In the majority of births, a relative, midwife, nurse or physician inspects the genitalia when the baby is delivered, and sex is assigned, without the expectation of ambiguity.[2] Assignment may also be done prior to birth through prenatal sex discernment.”
https://en.m.wikipedia.org/wiki/Sex_assignment
“he” should read “he”, “she”, neither “he” nor “she”, both “he” and “she”, alternating “he” and “she”, or “other”.
As a wise old farmer once explained; “they’re all marked on the bottom.”
We dodged that bullet before it hit PUSD.
And a close friend of my wife was right smack in middle of the gender wars at RBHS a few years back, when a young lady started “identifying” as a boy, and insisted on dressing out in the boy’s locker room. The mostly-peaceful advocates of allowing free mixing of opposing sexes in high school locker rooms subjected my wife’s friend to harassment and death threats for her religious beliefs. Fun times!
Consequential and irreparable life decisions are probably best left until adulthood.
Goodness, you don’t have to be religious to think that boys and girls should have separate lockers.
Tempe, AZ Housing Prices Crater 12% On Surging Housing Inventory Across Phoenix Area
https://www.movoto.com/az/85202/market-trends/
As a noted economist advised, “Don’t be a Debt Donkey.”
Does anyone remember a US President running on Globalism and shipping manufacturing and job to China is good, and getting rid of the Glass-Steagle Act regulation is good. Or even Agenda 21 as a policy.
No, you don’t remember this because it was done like a thief in the night by the sell out by the Politicians in the mid 90’s.
People are to busy with life and who would of dreamed of this betrayal by elected Politicians.
So, you got the gutting of America that came life a thief in the night. Places like WalMart were already gutting competition by buying cheap China crap that was destroying competing by made in America.
So, all of a sudden you got foreign people than answering the Company calls from somewhere outside the US.
So, I’m just saying this wasn’t something that was a platform voted for, it was done without vote.
Than when the result of the removal of Glass Steagal produced a royal crash in 2009 the Obama administration bailed out the Ponzi Scheme lending fraud.
Than the Commie Obamacare that was creating a price fixing Monopoly, enforced by the IRS to loot more by this Medical Cartel Monopoly.
The more the Globalist power grab along with rigged Ponzi Schemes , Monopolies with the Gov propping up this, the more decoupling of wages tracking with pricing. It’s a outright killing of capitalism.
Than the other attack on the majority worker was the racism, white privilege, minority and poor looting of the majority by Commie redistribution. All false narratives by minority Looters being the rich and the poor.
So when Trump voters pushed back on this hijacking of America, the Resistance came back with a anger. No compromise, just more fake news and muting of free speech to win at all cost. A total vififying of millions of people who voted for Trump to get a previous America back again.
I guess it’s harder to take something back that got hijacked already. This is especially true when great wealth is used and they own the fake news.
So, I keep saying that the Resistance showed their true colors in everyway.
If the media is on your side, you are not “the resistance.”
“You implement that NAFTA, the Mexican trade agreement, where they pay people a dollar an hour, have no health care, no retirement, no pollution controls,” Perot said during the second presidential debate in October 1992, “and you’re going to hear a giant sucking sound of jobs being pulled out of this country.”
…Ross Perot
“…where they pay people a dollar an hour, have no health care, no retirement, no pollution controls”
Capitali$m abhor$ $uch condition$!
($earch Detroit riots in thee’30$)
“You implement that NAFTA, the Mexican trade agreement, where they pay people a dollar an hour, have no health care, no retirement, no pollution controls,” Perot said during the second presidential debate in October 1992, “and you’re going to hear a giant sucking sound of jobs being pulled out of this country.”
That was the whole goal.
Benefits of Outsourcing Manufacturing to China – Baysource Global
https://baysourceglobal.com/benefits-of-outsourcing-manufacturing-to-china/
(snip)
WHAT ARE THE BENEFITS OF OUTSOURCING MANUFACTURING TO CHINA?
American companies benefit from outsourcing manufacturing to China
The most common reason for outsource manufacturing is the reduction of cost. American companies outsource manufacturing to China to have their goods assembled, or completely built overseas, at incredibly low costs.
China accounts for one-fifth of the global manufacturing, making it the largest manufacturing nation in the world. Shanghai will remain the manufacturing center of quality electronic devices because they have the skilled labor, as well as the excellent engineers required to produce high-quality products, while many other regions specialize in other types of manufacturing, such as plastics, automotive, textiles, etc.
Starting a business is an expensive venture; it can cost a significant amount of money and the risks are great. Hence, many people consider cutting costs by outsourcing their production to countries like China.
Some of the most significant benefits of outsourcing manufacturing to China are:
(read on to learn all about the significant benefits of outsourcing manufacturing to China)
I think most semi conductor companies outsource to Taiwan for Chip fabrication test and assembly , packaging, etc. Maybe INTEL doesn’t but they are falling behind last I read about it. High paid and high skilled ( notice not the same thing) still employed in the US. For now.
We have just been bought so IDK ?? Probably some serious cost cutting once the deal closes.
Bye the time thee.🍊.jesus has his taxe$ relea$ed from IR$ audit, Jeff.Bozo will be $mokin’ a Cuban.cigar … on Mar$!
Wealth
U.S. Billionaires Got $1 Trillion Richer During Trump’s Term
Bloomberg / By Ben Steverman / October 30, 2020
The numbers don’t lie: We are living in the Billionaire Age.
Four years ago, America elected its first billionaire president. Since then, the nation’s 200-or-so wealthiest people — a cohort representing 0.00006% of the population — have increased their combined wealth by a staggering $1 trillion.
The forces that have concentrated so much wealth in so few hands were at work long before Donald Trump’s unexpected victory. Whatever Tuesday’s outcome, those factors, especially technological change, will continue to shape the nation’s economy and politics.
But the Trump presidency accelerated trends that made the very richest Americans richer still. And many are already maneuvering to protect their wealth in the event former Vice President Joe Biden wins and makes good on his pledge to raise their taxes.
The bulk of gains under Trump went to the richest of the rich — a group that includes some of the president’s least favorite people. Jeff Bezos, the Amazon.com Inc. founder whom Trump has called “Jeff Bozo,” has gained about $121 billion under his presidency, despite a costly divorce.
Meanwhile, those behind energy, real estate and industrial companies — sectors favored by Trump — have collectively lost ground on the index since the end of 2016, mostly from the impact of Covid-19.
Conspicuous Consumption:
Collectively, the top 50 wealthiest Americans are up $835 billion under Trump, absorbing 80% of the gains for all U.S. billionaires on the index.
The gains fueled an era of conspicuous consumption. The rich have poured astonishing sums into high-end real estate, including a $238-million New York penthouse. Art prices continue to hit records, and the valuations of sports teams have soared to the point where Americans have shifted their focus to buying cheaper European franchises. Meanwhile, the $uper-wealthy have poured unprecedented amount$ into politic$, on both side$.
Millionaires and billionaires had far more to celebrate. A Republican overhaul of the tax code left wealthy investors and corporations paying lower overall tax rates than most working professionals. It’s also never been easier to avoid the U.S. estate and gift tax, and pass on wealth to heirs. When Covid-19 hit, the Treasury and Federal Reserve propped up markets, primarily benefiting the top 1%, who own the majority of stocks held by U.S. households.
“We wealthy have hit it out of the park during Trump’s term,” said Stephen Prince, whose fortune, which he estimates at $35 million to $40 million, was earned mostly in the gift-card business.
Many of the president’s earliest and loudest supporters come from sectors where fortunes have shrunk in his first term. That includes Trump’s own industry: U.S. real estate billionaires have lost 12% on Bloomberg’s index since November 2016. The pandemic is to blame, with their collective net worth falling from $93 billion to $69 billion this year.
Casino owner Sheldon Adelson, a Trump supporter whom the Center for Responsive Politics ranks as 2020’s largest donor, has lost more than $1 billion under Trump, or about 4% of his fortune.
Trump himself has also lost money. While not wealthy enough to be included on the Bloomberg index, his net worth has declined more than 10% since taking office.
— With assistance by Jack Witzig, Reade Pickert, Misyrlena Egkolfopoulou, and Devon Pendleton
Few things could be more enjoyable for this corn-fed white boy than jumping in on behalf of black, Latino, Asian, Jewish, Muslim, or LGBTQ Trump supporters (or conservatives more broadly) being assaulted by unhinged white leftists, and kicking wholesale ass.
VIDEO: Young minority Trump voters respond to being called ‘traitors’
https://campusreform.org/?id=16047
The peasants are revolting.
Another weekend of violent anti-lockdown protests in Europe: Clashes in Italy and Spain as Belgium becomes the latest to lock down and restrictions tighten across continent
https://www.dailymail.co.uk/news/article-8898657/Anti-lockdown-protesters-throw-bricks-Barcelona-police-clash-Spains-new-Covid-19-rules.html
The peasants are revolting.
I’ll say.
(somebody had to)
100% American-made Kalashnikovs are now shipping to U.S. firearms dealers. The irony of America patriots and kulaks buying updated versions of these emblematic weapons of Communist oppression to defend themselves against any forcible attempts by modern-day Bolsheviks to impose tyranny on them is delicious, though I doubt that the collectivist gun-grabbers at the DNC appreciate such irony.
https://kalashnikov-usa.com/firearms/kr-103-rifle/
The Financial Times
Steer from crisis to recovery with the FT
Eurozone economy
Eurozone economic forecasts slashed as fresh lockdowns imposed
Bloc will contract 2.3% in fourth quarter, estimate economists surveyed by FT
Shoppers buy food at an open market in Mulhouse, France. Small businesses are complaining the lockdown favours big chain stores, hypermarkets and online retailers
© Sebastien Bozon/AFP/Getty
Martin Arnold in Frankfurt
5 hours ago
Fresh lockdowns announced across Europe in recent days to contain the resurgence of the coronavirus pandemic have triggered a flurry of downgrades to economic growth forecasts as restrictions on activity threaten the continent’s recovery.
The eurozone economy is now expected to shrink by 2.3 per cent in the fourth quarter of this year, according to economists surveyed by the Financial Times — a worse performance than they had predicted before the restrictions were announced.
The bloc rebounded from its coronavirus-induced recession in the three months to September, recording record quarterly gross domestic product growth of 12.7 per cent, figures published on Friday showed, but output was still well below pre-pandemic levels.
The data, along with the array of fresh restrictions announced in France, Germany and other countries in recent days, sent economists scrambling to update their forecasts. An FT survey of 18 economists at leading banks and institutions found that all but one expected the eurozone economy to shrink again in the final quarter. Most had previously forecast positive growth.
…
Mr Banker,
Of course they made more profit by outsourcing to China and other lower wage Countries. Also China got the benefits of the transfer of wages from US to China.
What did the USA get in return for this outsourcing of jobs and manufacturing to places like China.
Wealth by wages transferred to China with greater profits for the Companies . This destroyed ability to compete in US by low wage monopoly by China.
. Basically China crap was poor quality, sometimes toxic, with a lower lifespan, destined to end up in the land fields sooner. It got to the point that they even expected the consumer.to put together the junk .
Rather than this gutting of US jobs a penalty tax should of been added to out manufacturing to prevent the damage to the US worker. This is a attack on survival even.
Really is a Company really a American Company anymore when most their manufacturing and wage is going to Foreign Countries.
The only way that a free trade idea wouldn’t be a monopoly is if you had a one World same wage.
So, the US got looted and gutted and screwed by the Politicians who were suppose to protect us.
So now you even have the traitor Politicians calling for open borders, pay for ilegals, pro China , and false narratives to attack and mute Americans that want America Back.
The attack by the minorities, the Commies and the parasites from within by false and insane narratives is the other attack from within.
“What did the USA get in return for this outsourcing of jobs and manufacturing to places like China.”
A. Our economy was allowed to morph into a consumer-based economy which is a good thing in that in such an economy nobody really needs to work to produce anything, they only need to be persuaded to consume. The toil of working to produce consumable goods is relegated and delegated to the citizens of developing countries.
To pay for the cost of these consumable goods wealth must be created and this wealth is best created by the rise in prices of such leveraged assets as houses. An amazing amount of equity wealth can be instantly produced for strangers living in the vincinity of a house that is sold for a high price. And most amazing of all is the buyer of this wealth-creating house is able to perform this wealth-creating miracle without actually having the money needed for the purchase; he only needs to have ACCESS to the money needed for the purchase.
So it becomes a win-win for everybody: The Great unwashed masses of developing countries are granted employment for producing stuff and the consumers in the developed countries get to consume the stuff that is produced, paid for with money that is literally borrowed into existence.
Mr Banker,
Fake Ponzi Scheme of wealth creation by debt using shelter as the underlying asset.
Not really the good old fashion way of wealth creation by wages and production because shelter Ponzi Scheme is fake and subject to crash.
They never should of messed with shelter in that it’s a basic need. 150 thousand homeless in California alone.
Home prices use to track with wages, as it should. This isn’t capitalism it’s fake appreciation by loan leverage. No different than 1929 run up of stocks based on loan leverage.
“Fake Ponzi Scheme of wealth creation by debt using shelter as the underlying asset.
Not really the good old fashion way of wealth creation by wages and production because shelter Ponzi Scheme is fake and subject to crash.”
Not fake at all. A dollar created by debt has the exact same buying power as a dollar earned by labor. But I agree that it is not the “good old fashioned way of wealth created by wages and production” but I do not think this has any relevance; As I said, an earned dollar and a borrowed dollar both share the same value. The greatest benifit obtained from the creation of the borrowed dollar, from my point of view, is measured by how it benifits middle men such as myself; I greatly enjoy chanting my favorite mantra of “pukes work, bankers reap” because it neatly sums up the current situation. People piss and moan about they get hosed by the system and then they immediately lend their support to this very same system by following the system’s dictates.
“They never should of messed with shelter in that it’s a basic need. 150 thousand homeless in California alone.”
I suggest these people learn how to code so as to get suitable employment so as to qualify for some of my Dotted Line Specials. If they do these things I just may consider locking their dumb asses into mortgages that will severly bleed their paychecks each and every month for the next thirty years or so. (Something they will thank me for, by the way.)
“Home prices use to track with wages, as it should. This isn’t capitalism it’s fake appreciation by loan leverage. No different than 1929 run up of stocks based on loan leverage.”
From where I sit I see this as a work of beauty.
😁
Mr Banker,
The only reason you like the shelter scheme is you get to transfer the risk of the loan to the bagholder. You take your middleman commission. You make the high risk loan but you don’t get stuck with the risk.
Risk decoupled from lending is as fake as you can get.
It’s actually a game of a victim bagholder in the final analysis.
“From where I sit I see this as a work of beauty”
A fly on $hate, has the same POV!
( actually eye’m gue$$ing about that.)
“This isn’t capitalism it’s fake appreciation by loan leverage.”
FWIW, we have crony capitalism.
https://en.wikipedia.org/wiki/Crony_capitalism
We got to get out of all these rigged schemes and go back to capitalism. That would mean that risk has to be attached to lending instead of transfer the risk to the bagholder.
Monopolies are not capitalism either.
Look, the money Looters have been very clever in destroying capitalism in favor of systems of wealth extraction by Monopolies, lending Ponzi Schemes, etc etc. Than they want the Gov to pay for the damage they cause.
The Globalism, one World Order scheme had to be one of the biggest power grabs to dewealth the USA.
“The Globalism, one World Order scheme had to be one of the biggest power grabs to dewealth the USA.”
It wasn’t a power grab, it was a gift.
“Mr Banker,
The only reason you like the shelter scheme is you get to transfer the risk of the loan to the bagholder.”
I consider that to be reason enough.
“You take your middleman commission.”
Yep, every cent of it.
“You make the high risk loan but you don’t get stuck with the risk.”
Yep. I like it, I love it, and …
(ta da)
I want a lot more of it.
‘Pennsylvania Lt. Gov. John Fetterman, a Democrat, says he hasn’t seen anything like President Donald Trump’s rallies and barnstorming across Pennsylvania.’
“Donald Trump is doing things that have never been done in Pennsylvania politics in terms of the raw barnstorming across small county Pennsylvania,” Fetterman told CNN on Nov. 1. “It’s hard to predict with certainty how that’s going to activate not only his base of voters from 2016, but also those that sat it out, too.”
‘Trump held multiple events on Oct. 31 in Pennsylvania, including one in Butler County, where tens of thousands of supporters turned out. Photos and videos showed a scene more reminiscent of a rock concert than a political event.’
‘In another post, he included a Reuters photo of the Butler County rally, writing, “That’s not a photoshop.” “That’s a @Reuters image of Butler.”
https://www.theepochtimes.com/democrat-lt-gov-frets-over-trump-support-in-pennsylvania-thats-not-photoshop_3560670.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2020-11-01-3
https://www.youtube.com/watch?v=M5NjSRTzfzE&feature=youtu.be
I read there were 57,000 at one rally last night.
Butler County
Amazing. My farm was a few miles from there.
How many acres was it?
Just 12. 10 in pasture. Lush and green after a century of manuring. Reliable water. Enough to raise four kids, an apiary and 10 cattle. Pennsylvania bank barn, fruit trees, huge garden. Work, play, work.
I couldn’t afford the adjoining cultivation fields. They all got planted in houses.
Does PA landowners have any H2O issues after they drill & Frack nearby?
Oil@ $35 this day & headin’ DOWn ⤵📉 … again!
“…57 thousand in a rally.”
I would like to think this translates into a Trump win.
But, than what will the Resistance do if it’s a Trump win?
“what will the Resistance do”
Break and burn things. Roadblocks and carjackings, and if the victim who tries to defend themselves is in a city with a democrat mayor, city council, district attorney, the victim will be the one going to jail, getting fired from their job, and getting “de-personed” by Real Journalists and social media.
#ClownWorld
“But, than what will the Resistance do if it’s a Trump win?”
eye’m gonna cru$h 🔨$ome old rock$ & keep my TD Ameritrade acct active 📈📈📈📈💄🐷 … win or lose.☕a.m.🍺p.m.🍷knight.cap … You?
PHOTOS: Trump speaks to nearly 60,000 in Butler, Pennsylvania, as polls tighten
Photos and videos of the gathering show a sea of people gathering for a Trump rally in a crucial swing state
November 01, 2020
In one of his largest rallies yet, President Donald Trump addressed tens of thousands of supporters on Saturday evening, Oct. 31, in Butler, Pennsylvania.
The state is crucial to Trump’s reelection strategy, and with polls tightening there ahead of the vote on Nov. 3, the rally’s massive turnout is a promising sign for the Trump campaign.
According to the Secret Service, attendance was at 57,000.
Photos and videos of the event have spread across social media.
https://rmx.news/article/article/photos-trump-speaks-to-nearly-60-000-in-butler-pennsylvania-as-polls-tighten
‘Butler County, PA. ‘I’ve never seen anything like it — just a sea of people.’
MASSIVE turnout for President Trump’s rally in Hickory, North Carolina!
Nov 1, 2020
https://www.youtube.com/watch?v=fIGr4ZP69dk
Trump flags in Cuban American neighborhoods in Westchester, Florida.
Nov 1, 2020
https://www.youtube.com/watch?v=8X0zUO5d_6Y
President Trump Holds Make America Great Again Rally in Rome, GA 11-1-20
https://www.youtube.com/watch?v=J9SsH3Hn0bo&feature=youtu.be
Almost no mouth hankeys.
Oh OK, I just saw this. So I guess Trump IS getting massive numbers in NC. (Check out the video… There’s a guy standing in line… on crutches.) Meanwhile, I have seen almost NO video of the audiences at the Biden rallies. The only “crowd” shot I’ve seen was a nearly-empty Harris rally. More people are going protest than to see the Dems. More people showed up to escort her bus out of Texas (in sexi-trux) than showed up at the rally.
The COVID numbers around Thanksgiving are going to astounding, unfortunately. But with such a low death rate for people under age 70 or so, I guess they’ll say it was worth it to see Trump in person.
Meanwhile, I have seen almost NO video of the audiences at the Biden rallies. The only “crowd” shot I’ve seen was a nearly-empty Harris rally.
I will laugh so gotdanged hard if Trump wins by a landslide. The snowflakes are going to melt, screaming in agony like “The Wicked Witch of the West.”
I actually saw a Biden commercial today, first time in a long time. I was watching a video online and it came on. Did he have a stroke or something? He was slurring in his ad.
The COVID numbers around Thanksgiving are going to astounding
That’s what we’re told and expected to believe. Oh, you probably mean increased lab tests and reported “cases”, not deaths like you get in a real epidemic.
I don’t even pay attention to this virus stuff anymore, but wasn’t it supposed to be like a 2 week lag time between high infection rates and deaths? That sure doesn’t seem to be panning out anymore. This thing was completely overblown.
I will laugh so gotdanged hard if Trump wins by a landslide.
Me too…it looks like a very real possibility unless a whole bunch of votes can be hidden on one side and conjured from thin air on the other side.
While ballots might be counted early, the results are tabulated and fed into a database that cannot be accessed until election day. The counted ballots are locked in special containers and sealed (seal press) by no less than two individuals. The polls are just talking heads…talking.
57,000? Those are Obama 2008 numbers. But that was already Trump country. Let’s see him get those numbers in Philly or Milwaukee or Raleigh.
Hey Shortbus….. We’ve got thousands in metro NY rallying without Trump around.
And wasn’t Trump in the hospital for COVID just a month ago?
“57,000? Those are Obama 2008 numbers.”
But Obama didn’t draw those crowds the second time around.
Obama’s Crowds Grow, But Remain Far Smaller Than in ’08
By Laura Meckler
Aug 29, 2012 3:57 pm ET
In a two-day campaign swing to three college towns, he still didn’t match the tens of thousands of people who often showed up last time around. But the crowds have started to grow. At Iowa State University in Ames, Iowa, he drew 6,000 people. At Colorado State University in Fort Collins, Colo., the crowd hit 13,000—second this year only to his first campaign rally in May in Columbus, Ohio. And on Wednesday, some 7,500 people overflowed from a Charlottesville, Va., pavilion near the University of Virginia.
https://blogs.wsj.com/washwire/2012/08/29/obamas-crowds-grow-but-remain-far-smaller-than-in-08/
57,000? Those are Obama 2008 numbers. But that was already Trump country
It’s Oil City country.
Yup, Cranberry township and thereabouts. I went on a road trip to Oil City a few years (I reported it here) just to see what it was like. Beautiful country. Oil City itself was a bit gritty, but Franklin, the town next door, was beautiful.
Trump probably needs to give a hat tip to Antifa, BLM, and the craven Democrat senior “leadership” who took a knee for them and served as their apologists and enablers for awakening a sleeping giant.
Don’t forget Hollyweird as well as Dicktator Nuisance and all of the other libtards with their boots on the necks of the populace.
If 90% of the public is deficient in Vitamin D, does this really mean anything? I never hear what the percentage of deficiency is in a random sample. Maybe it’s 90%? Without knowing that, this is no more interesting than “50% of the deaths are male” or whatever.
If 90% of the public is anything, then I’d consider that “normal,” not “deficient.”
Deficiency doesn’t mean you’re deficient compared to other people. It’s means you’re deficient compared what your body needs optimally. If everyone were 70 pounds overweight, is that “normal” simply because everyone is doing it?
You tuber Dr. John Campbell in yesterday’s video makes a damn good case for making sure your Vitamin D is NOT deficient.
What does the UK (Un.united.Kingdom) term: “limey” mean?
Eva Braun is still at it in Michigan
Michigan orders restaurants to collect customers’ information amid COVID-19 surges
Craig Mauger
Beth LeBlanc
The Detroit News
For bars, restaurants and social events outside private homes, indoor party sizes at a single table will be restricted to six people. Bars and restaurants will also be required to take names and contact information from customers to support contact tracing if necessary, a press release said. Contact tracing is the act of tracking individuals who’ve been near individuals who later test positive for COVID-19.
https://www.detroitnews.com/story/news/local/michigan/2020/10/29/michigan-puts-new-covid-19-restrictions-gatherings-restaurants/6072637002/
We haven’t heard from Chino recently.
I’m in Michigan for the next few days. If I were to eat in a restaurant here, my name is “Yim Yohnson”, I live in Wisconsin, my phone # is 1-800-GET-LOST
Hyde Park, MA Housing Prices Crater 33% YOY As New England Housing Prices Drop Like A Rock
https://www.movoto.com/hyde-park-ma/market-trends/
As one major Boston area broker explained, “I haven’t seen prices tank like this since 1990.”
“The prevalence of patients with vitamin D deficiency is highest in the elderly, obese patients, nursing home residents, and hospitalized patients. The prevalence of vitamin D deficiency was 35% higher in obese subjects irrespective of latitude and age.[7] In the United States, about 50% to 60% of nursing home residents and hospitalized patients had vitamin D deficiency. [8][9] Vitamin D deficiency may be related to populations who have higher skin melanin content and who use extensive skin coverage, particularly in Middle Eastern countries. In the United States, 47% of African American infants and 56% of Caucasian infants have vitamin D deficiency, while over 90% of infants in Iran, Turkey, and India have vitamin D deficiency. In the adult population, 35% of adults in the United States are vitamin D deficient whereas over 80% of adults in Pakistan, India, and Bangladesh are Vitamin D deficient. In the United States, 61% of the elderly population is vitamin D deficient whereas 90% in Turkey, 96% in India, 72% in Pakistan, and 67% in Iran were vitamin D deficient.[10]”
https://www.ncbi.nlm.nih.gov/books/NBK532266/
Damn, you never get tired of riding the short bus, do you? All these idiotic studies dont say how they arrived at the optimal level of vitamin D. What is that amount and why? These fools and the fools that follow them are less than useless. Most of these clowns need to lose their jobs and do something honest like dig ditches rather than waste peoples time with their largely logic free studies that continually contradict one another.
Speaking of the short bus.
Donald J. Trump
@realDonaldTrump
·
Oct 31
I LOVE TEXAS!
https://twitter.com/realdonaldtrump/status/1322700188624932869
Damn, dude. Feel free to disagree with other posters, but this blog is a bit like a neighborhood bar where blasting the regulars is considered bad form. Maybe you could dial back the hostility a bit and still make your point. Lots of us in here disagree on things, but we still try to keep it civil amongst ourselves.
DonkeyTalk
All these idiotic studies dont say how they arrived at the optimal level of vitamin D. Optimal levels of various nutrients & blood chemicals have been arrived at in similar ways that almost none remembers or talks about. Epidemiology is often involved with all of its assumptions. E.g., a mother deficient in iodine intake can give birth to a real “idiot” – a child with irreversible cretinism. Scanning the internet on how Vitamin D works in the human body didn’t produce much beyond info on rickets and osteoporosis. Lots of citations pointing towards Vit D’s involvement in the immune system, but few details.
We’re sure about a lot of things, but we don’t know much.
“but we don’t know much.”
Is it possible for a 6’7″ man to drown in 4″ of H2O?
I have 60 Minutes on and it sounds like a Biden/Harris infomercial.
Thousands of Patriotic Trump supporters marching in Beverly Hills
Oct 31, 2020
https://www.youtube.com/watch?v=d7TiLY1lTiA
LARGEST Trump Car Rally in San Fernando Valley
https://www.youtube.com/watch?v=IapmfPfbDxI
dtRumpsis Chaostic Tantrumiosis, will get 0 (Zero) electoral endor$ements from 40+ million “$hit.hole.Clownifornicators”
Would you care to wager a beer bet ba$ed on this support from “San.Fernando”, CA
Gosh, you’re really going out on a limb there.
Rip = chicken
(notice eye didn’t say: yellow.belly)
Rip = chicken
Chicken? I’d call it smart. It would be like taking the Jets to win the Super Bowl. Let’s be honest, there’s no way in hell CA is going to Trump. I’m just interested in seeing how many more votes he gains there this time around vs last election. Ditto for OR and WA.
Open patriotism on display. The Democrats and their globalist puppet masters must be apoplectic with rage. Look for the MSM to declare that anyone wearing a MAGA hat or waving the Stars & Stripes is an “extremist.”
One of Trump’s last campaign rallies is scheduled for late Monday afternoon 11/3 at the Traverse City Michigan airport. I am close by & will take a look at the crowd if there isn’t a traffic jam or terrorist attack.
Not 11/3 but 11/2
We expect a full report. 😊
November 1, 2020
Zach Parkinson
@AZachParkinson
·
This “Eagles” jacket Biden claims he’s wearing to try and show how much he’s in touch with Pennsylvania?
It’s a Delaware Blue Hens jacket
https://twitter.com/azachparkinson?lang=en
Joe Cocker
“Up Where We Belong”
The road is long, there are mountains in our way
But we climb a step every day
Love lift us up where we belong
Where the Blue Hens cry on a mountain high
https://youtu.be/tTTYGAV_7X4
My add……This Town Ain’t Big Enough For Both of Us
https://www.youtube.com/watch?v=GAl1F4EyYVQ
“This Town Ain’t Big Enough For Both of Us”
The Blue Hens and the Eagles?
Redwood City, CA Housing Prices Crater 12% YOY As Bay Area Housing Demand Tanks
https://www.movoto.com/redwood-city-ca/market-trends/
As a California economist explained, “Demand for everything and anything is collapsing.”
R u planning to stay 100% in cash until it’s safe again to HODL stocks?
BREAKING: Futures Rise With Coronavirus, Election In Focus
Investor’s Business Daily
Stock Market Today
Dow Jones Futures Rise: Coronavirus, Election In Focus After Stock Market Sell-Off; What To Do Now
ED CARSON 10:08 PM ET 11/01/2020
Dow Jones futures rose modestly Sunday night, along with S&P 500 futures and Nasdaq futures. The stock market suffered a decisive break last week, with coronavirus cases soaring and lockdowns increasing, the presidential election looming and key earnings reports from the likes of Apple stock, Shopify (SHOP), Microsoft (MSFT) and Amazon.com (AMZN) failing to satisfy Wall Street.
The Dow Jones, S&P 500 index and Nasdaq composite suffered their worst weekly losses since March. The major indexes and many leading stocks broke decisively below key support, including Apple (AAPL), Shopify, Microsoft and Amazon stock as well as Adobe (ADBE), Tesla (TSLA) and more. All of this points to a new, negative stock market direction.
Money is made in the stock market when the trend is rising. But the stock market’s character has turned increasingly negative over the past few weeks. In this environment, investors need to take a defensive approach, substantially reducing exposure. Going 100% cash is not a bad strategy.
…
Personally waiting for another big dip like March.
Right after the election I’m planning on putting all of my cash in um, uh you know, the thing.
Stock Market Suffered Its Worst Week Since March. Here’s What Hit It.
Last Updated: Nov. 1, 2020 at 9:31 p.m. ET
First Published: Oct. 30, 2020 at 10:09 p.m. ET
By Ben Levisohn
Something freaked out the stock market this past week—and investors are still wondering what hit them.
The Dow Jones Industrial Average tumbled 1833.97 points, or 6.5%, to 26,501.60, while the S&P 500 index dropped 5.6%, to 3269.96, and the Nasdaq Composite fell 5.5%, to 10,911.59.
Pick your worst nightmare, and chances are it had something to do with the market’s worst weekly decline—and its worst month—since March. Fear of catching Covid-19? Cases continued spiking and continue to set daily records. Fear of an unruly presidential election? Polls indicate that the contest between President Donald Trump and former Vice President Joe Biden is as close as ever. Afraid that the economy is heading for another slide? Stimulus appeared dead after the Senate voted to confirm Amy Coney Barrett and went home. Heck, for all we know, the market might even have Samhainophobia, or a fear of Halloween, given the speed that it sold off this past week.
…
Ye$, (99% true) … you?
What do you want to bet that she has not bothered looking for a job the whole time, instead just waiting for more free cheese from the government? That “extra $600” was one of the worst things the government has ever done. It encouraged some of the laziest, entitled behavior ever seen. There are tons of jobs out there, but nobody wants to be bothered. Heaven forbid they have to work at Walmart for a while.
Taylor Read lost her job as a bookseller in March. She’s been unemployed since and, while the expanded unemployment benefits helped her pay bills in the summer, they are now gone and she’s burned through what little she saved.
“What little money I managed to save during the $600 boost was then dried up because of how long it’s been taking for another stimulus package to go through,” Read, 28, said. “All of those savings are gone. They were gone in August.”
Read is one of the many Americans who saw her savings grow early in the pandemic, only for those funds to dwindle in the fall. The personal saving rate reached a record high of 33.6% in April driven both by a pull back in spending and an influx of cash from government support, according to the Bureau of Economic Analysis. By September, the rate dropped to 14.3%.
You should never, ever, EVER be able to “save money” when you are unemployed.
https://www.yahoo.com/money/unemployed-americans-savings-deplete-stimulus-200251545.html
While jobless workers more than doubled their liquid savings between March and July, according to a study from the JPMorgan Chase Institute, they spent two-thirds of those accumulated savings in August alone.
Absolutely disgusting.
Oh, the pain…
The Financial Times
WHAT’S NEXT FOR AMERICA? Steer through uncertainty with the Financial Times
Markets Briefing Oil
Oil prices drop as new lockdowns hit economic outlook
Concerns swirl over how much new curbs on social activity will sap demand for fuel
Global oil markets face uncertainty due to the return of coronavirus lockdowns and the US presidential election
© Reuters
Hudson Lockett in Hong Kong
2 hours ago
Oil prices fell further on Monday after Brent crude last week took its steepest slide since April on mounting concerns new lockdowns to slow the spread of coronavirus will hit demand for fuels.
Brent, the international benchmark, dropped as much as 4.6 per cent to $35.74 a barrel on Monday, hitting the lowest level since May as economists downgraded their European growth forecasts in response to lockdowns throughout the eurozone. West Texas Intermediate, the US marker, was down as much as 6 per cent to $33.64.
The gloomy start to the week came after Boris Johnson, UK prime minister, announced on Saturday tight national restrictions in England just days after Germany and France enacted similar measures.
…
WTI futures …
https://finviz.com/futures_charts.ashx?p=d1&t=CL
No matter how much oil craters from here, a replay of the January through April 2020 nosedive doesn’t seem likely.
I wouldn’t bet on that.
What happens to lumber from Canada, when lumber from Australia is labeled a “biohazard”?😲😨😱😜 … ☕
A$k China!
And now something from the Blue Hens
https://youtu.be/xhszOM0Rth8
Yeah, let’s hand the nuclear codes to this befuddled elderly dementia patient.
https://www.dailymail.co.uk/news/article-8903785/Biden-tells-Philadelphia-rally-hes-wearing-Eagles-jacket-sporting-Delaware-Blue-Hens-logo.html
“There are fears that the housing boom triggered by falling interest rates might rest on weak foundations”
Ya think!?
There’s lots more cratering ahead, folks. Hold onto your hats!
The Financial Times
WHAT’S NEXT FOR AMERICA? Steer through uncertainty with the Financial Times
*terms and conditions apply
Financial services
Lenders pull IPOs even as mortgage market thrives
Delay in listings from Caliber Home Loans and AmeriHome raises doubts about sustainability of housing boom
There are fears that the housing boom triggered by falling interest rates might rest on weak foundations
© Bloomberg
Robert Armstrong and Eric Platt in New York yesterday
Two fast-growing US home lenders suspended their plans to list their shares last week, suggesting that the housing boom triggered by falling interest rates may rest on weak foundations.
Caliber Home Loans originated $57bn in home loans in the first nine months of 2020, an increase of 50 per cent, year on year. But last Wednesday, the day it was set to list, the company announced that it would “postpone” its public offering and “evaluate the timing for the proposed offering as market conditions develop”. AmeriHome, with $45bn in originations year to date and a growth rate to match Caliber’s, was also set to price its offering last week, but also delayed its listing.
The IPOs would have given Caliber, which is owned by the private equity house Lone Star Funds, a market capitalisation of $1.9bn. AmeriHome, which is controlled by Apollo, was set to be valued at $1.3bn in its IPO.
The delays are surprising inasmuch as it is an excellent time to be a mortgage lender. The volume of mortgage refinancing applications, while down from the dizzying highs of the spring, are still about 60 per cent higher than they were a year ago, according to the Mortgage Bankers Association. Purchase mortgage applications are about 20 per higher.
Profitability is strong, too. The difference between the average rate consumers pay on their mortgages and the coupon on a government-backed mortgage bonds stands at 1.6 per cent, against pre-Covid levels of around 1 per cent. The spread is a rough proxy for lenders’ profit margins, because it tracks the difference between what lenders can buy mortgages for and the price at which they can sell them in the bond market.
In the third quarter, as a result, net income at Caliber and AmeriHome rose 200 per cent and 187 per cent, respectively.
According to one person close to the situation, however, investors are concerned that the good times for mortgage lenders are at their peak, with only downside from here.
The fact that other IPOs continued apace last week — including debuts from Chinese wealth management platform Lufax and online insurer Root — underscored that the pulled flotations had more to do with investor disenchantment with the mortgage industry than broad stock market conditions.
…
Right on cue: globalist propaganda outlets are awash with articles from “experts on fascism” (just don’t look at who signs their paychecks) warning of “threats to democracy” from Les Deplorables. Forgive us for not meekly bending over for the usual hand-picked globalist Tweedle Dee/Tweedle Dum stooges the Republicrat duopoly offers us as “choices.”
https://www.theguardian.com/world/2020/nov/01/democracy-fascism-global-trump-biden-election
Attack of the Corona Karens
https://youtu.be/AA6_GuZOyAI
The “Karen” meme is the continuation of racism against whites. First they started with white men, then they expanded the net.
Bill Burr’s recent routine on white women that he used for part of his SNL monologue was a work of art.
I’ll have to look that up later this evening.
It was pretty funny, actually.
Bill Burr Stand-Up Monologue – SNL
https://youtu.be/O1xgXJ5_Q34?t=193
*starts at white women hijacking BLM…
yup