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The Market Became Insane To The Point Where Anything That Was Built Sold

A report from the Wall Street Journal on New York. “Manhattan landlords are pulling unrented apartments off the market at an unusually elevated rate, tightening inventory while rents are low and, in some neighborhoods, still falling. Building owners removed 1,814 apartment listings in Manhattan last month, according to UrbanDigs. That’s more than three times the number of apartments landlords removed from the market in February of 2020.”

“Reduced demand for Manhattan apartments during the pandemic sent median rental prices down more than 17% for the year ending in December, according to a report from appraisal firm Miller Samuel and real-estate brokerage Douglas Elliman. Rent concessions of up to 25% off the previous year’s rent have become common at luxury buildings, and tenants say they have more negotiating power in new leases than they ever had before.”

The Seattle Times in Washington. “Seattle may not be dying, as the saying goes. But it could be doing something we haven’t seen in decades around here: shrinking. Whether it was the pandemic, the protests and riots, the urban decay, the high costs, the work-from-home trend or pick your reason, people appear to have ditched the Emerald City last year in unusually large numbers, new data shows.”

“This winter I’ve been seeing apartment rental ads, especially downtown and in South Lake Union, offering crazy deals like ’12 weeks free, plus 6 months of free parking!’ The city feels a little emptier, due to the pandemic, and the ads suggest it isn’t an illusion. So I asked the U.S. Postal Service to make a comparison: How many people moved in and out of Seattle in our horrible year 2020, versus the year before?”

“The net migration out of the city was more than 26,000 households. In a city with about 351,000 households, that’s a big change, a potential decline of 7%. It’s how you get 12-weeks-free deals for apartments. The San Francisco Chronicle looked at USPS address data and found an even bigger net migration out of that city — a decline of more than 50,000 households.”

The Tahoe Daily Tribune. “‘There is plenty of housing in the basin, they are just sitting empty,’ said Sabrina Belleci, broker and owner of ReMax North Lake Tahoe. ‘Over 70% are sitting empty.’ Many of the empty houses are secondary houses or short term rentals.”

The National Post in Canada. “The vacancy rate for newer purpose-built rental apartments in the City of Toronto increased to 5.7 percent in the fourth quarter of 2020, up from 1.1 per cent in the same quarter a year earlier, according to Urbanation Inc. Average rents in this category dipped 10 percent over the same period to $2,337. The glut of small condo apartments roughly 500 square feet in size, a large portion of which functioned as Airbnb ghost hotels, is weighing heavily on the Toronto market.”

“A provincial crackdown on Airbnb forced as many as 18,000 such units to switch from short- to long-term rental in the first half of 2020. Many are still sitting empty and the situation is not likely to improve much post-pandemic with continued tighter controls over Airbnb. Says broker Justin Ditkofsky, ‘The market became insane to the point where anything that was built sold. As a result, developers began building small because they could charge more per square foot. COVID has flipped that thinking on its head.'”

From Reuters. “The COVID-19 pandemic has achieved what many mayors across Europe have tried and failed to do: wipe out tens of thousands of Airbnbs from city centers and so help lower rental costs for locals, in some places by as much as 15%. ‘If tourism had come back faster, maybe I wouldn’t have taken this decision. But I can’t go another year without a clear sense of when money is coming in,’ said Vanessa Rola, 40, who was renting four apartments in Lisbon’s Graça district on travel platforms including Airbnb. Without tourists, she couldn’t pay her own rent, and is in the process of ending her contracts.”

“In Prague, Airbnb listings tumbled from just over 14,500 to less than 8,000, according to Inside Airbnb. Rents have fallen by around 8%, real estate developer Trigema reported. ‘I was losing $20,000 a month, and regulation was making things very complicated,’ said Ondrej, a landlord in Prague who has sold his two Airbnb flats and given up the three he was renting to sublet. ‘The Airbnb boom is over.'”

The Wentworth Courier in Australia. “The luxury Bellevue Hill mansion of an apartment developer that collapsed owing creditors more than $560m has been put up for March 27 auction. The four-bedroom residence is in the name of William O’Dwyer, sole director of the Ralan Group, and his wife. Ralan, which had high-rise projects in Sydney and the Gold Coast, entered voluntary administration in August 2019 owing creditors more than $560m.”

“Last March, it went into liquidation when an agreement between O’Dwyer and about 1600 apartment buyers, who are owed about $230m, was terminated. Channel 9’s A Current Affair had showed footage of creditors shouting ‘cheater, cheater’ and ‘shut the f— up’ as O’Dwyer had proposed his rescue plan — which didn’t come off — to 700 creditors at the Wesley conference Centre in Sydney.”

“Last January, O’Dwyer told The Australian he was ‘very sad’ for the distress caused and that he’d work tirelessly until creditors were repaid. He said then he’d have to sell his heavily mortgaged Bellevue Hill mansion.”

This Post Has 100 Comments
  1. ‘The market became insane to the point where anything that was built sold. As a result, developers began building small because they could charge more per square foot’

    One of the least appreciated aspects of a mania is the distortion of what gets built. We’ve seen the mega mansion phase. Super expensive airbox market – all over the world, that one. This was screwed up so badly by the guberments and central banks that it extended into luxury apartments, student housing and senior living.

    But here it is: media will never admit it’s a bubble, but these practically uninhabitable airboxes are stark proof.

    1. Also, recall the Australian airboxes built with no windows. They were for selling to “Chinese investors” who never saw them. Blatant mania behavior.

  2. ‘it went into liquidation when an agreement between O’Dwyer and about 1600 apartment buyers, who are owed about $230m, was terminated. Channel 9’s A Current Affair had showed footage of creditors shouting ‘cheater, cheater’ and ‘shut the f— up’

    Here’s a good example of media looking past the crater to hype the “soaring prices!” of the shack getting auctioned. Uh, what about the 1600 FBs? Media sux.

  3. ‘has achieved what many mayors across Europe have tried and failed to do: wipe out tens of thousands of Airbnbs from city centers and so help lower rental costs for locals’

    More media horsesh$t. These cities could have stopped this at any time. The REIC loves fake shortages and anything that is a talking point along those lines. Oh, we got no shacks in Tahoe, get ready to pay way over!

    ‘‘There is plenty of housing in the basin, they are just sitting empty…Over 70% are sitting empty’

    Yeah, this is sustainable.

    1. We were told that rich people don’t give a sh*t about wasting money. They leave the windows and doors opened with the AC on all summer while they are on their luxury vacations to Europe.

  4. ‘Building owners removed 1,814 apartment listings in Manhattan last month, according to UrbanDigs. That’s more than three times the number of apartments landlords removed from the market in February of 2020’

    Open discussion of market manipulation – check! I was only able to post the beginning of this report because I stopped subscribing to this globalist rag. WSJ sux.

    1. removed 1,814 apartment listings in Manhattan
      A friend’s Grand kid lives in Manhattan and rented an apartment in October with 3 friends. She told me her GD pays $4000 a month for a 4 bedroom, 4th floor walk up with 2 months free rent. Cost in 2019 $8,700/month. Rent’s have been crushed.

  5. “The net migration out of the city was more than 26,000 households. In a city with about 351,000 households, that’s a big change, a potential decline of 7%.”

    Seems like housing in Seattle, Portland and San Francisco all got hammered while San Diego miraculously escaped the pandemic fallout.

    Or is there a media coverup down here that I don’t know about?

  6. Did you buy the baby dip in stonks? Now we have Biden’s really big stimulus, and stonks are off to the races again.

      1. The premiums are lalaland right now. Paying $175 per ounce to the dealer is nuts. It’s not because there’s some shortage, it’s because they don’t want to sell at the lower prices. Gold would have to go back to all-time highs just to break even. Doesn’t seem like a great bet right now, unless you are convinced that hyperinflation is coming.

        I think the FED is going to be forced to start raising rates, and probably sooner than people think. They’re jawboning the hell out of everything right now, but I think they’re bluffing. They want people to spend their money and not save it, and they’re trying to wring out ever dollar they can. If they spook people into thinking they’re going to let inflation run hot for longer, it makes people want to run out and spend before that item gets more expensive. The FED is running a shell game.

        1. They also want everybody gambling in the stock market, but that’s blatantly obvious so I didn’t mention it.

          1. Speaking of degenerate gamblers. Let me update on my sister-in-law in-laws. My wife talked to her this week and apparently those bets on penny stocks or in cases, below a penny, are not paying off. They were up BIG but decided not to sell. They wanted to ride 15k up to a million or more but those unrealized gains have been wiped out. At some point, it was a 50K or 60K gains. Oh well, easy come easy go.

        2. “I think the FED is going to be forced to start raising rates, and probably sooner than people think.”

          Interesting perspective!

          For the sake of discussion, what do youthink would happen if instead of tightening up policy to stay out in front of a future wave of inflation, they instead followed the desires of ECB doves to buy down the long end of the yield curve in an effort to extend the low rates environment?

        3. ‘because they don’t want to sell at the lower prices’

          Yeah, I covered this sort of thing on my metals blog years ago. It’s good to find a dealer who isn’t playing games day to day, and they exist. Ask what they sell for and buy numbers. There’s potential shenanigans on both sides.

      2. ‘there’s a gold dip’
        I may be a dipstick, but I’m no dip buyer. I’m just no good at it. Nothing makes me think they’re ‘giving it away’ at these prices.

        ‘Doesn’t seem like a great bet right now, unless you are convinced that hyperinflation is coming.’
        I definitely think that plenty of people are convinced that hyperinflation is coming and feel that paper gold is too rehypothecated. At least to some extent, that could partially explain the premium. I mean, it’s definitely rehypothecated. The paper gold / silver funds say they can settle in cash instead of giving you your upside in metal. I can understand why some people would not be comfortable with that.

        ‘They also want everybody gambling in the stock market’
        I stand by my conviction that Wall Street and TPTB just won’t leave all that retirement money un-stolen. Pulling everyone in and pulling the rug out could net 80-90% once everyone is ‘all in’. Keeps me out of that casino. I’d short it, but that scares me too. There are too many people who are much smarter than me and have an intimate knowledge of the market and it’s internals. Many or most of them are going to get their face ripped off.

        ‘The FED is running a shell game.’
        Now that’s something that we can all agree on.

        1. The paper gold / silver funds say they can settle in cash

          Which in itself may not be a bad thing. From 2016 to its high, GLD doubled from 100 to 200. Even if you can’t take delivery on gold, you still doubled your investment. How is that different from buying shares of AAPL or Kellogg or 3M? And it’s a pretty nice deal if you use those gains to pay off dollar-denominated debt like a mortgage. However, read the fine print. Many ETFs and funds might reserve the right to hold the shares until it’s convenient for them, which means you can’t sell when you need to.

  7. This everything bubble is astounding. The DOW has taken a rocketship ride of +1,500 in a few short days. And I see they are pimping stories of teenagers making huge profits. I don’t know when or how this ends, but it’s staggering.

    1. teenagers making huge profits

      If I was prone to seething, this is the kind of stuff that would cause it.

  8. CNBC — CDC study finds about 78% of people hospitalized for Covid were overweight or obese (3/8/2021):

    “An overwhelming majority of people who have been hospitalized, needed a ventilator or died from Covid-19 have been overweight or obese, the CDC said in a new study Monday.

    Among 148,494 adults who received a Covid-19 diagnosis during an emergency department or inpatient visit at 238 U.S. hospitals from March to December, 71,491 were hospitalized. Of those who were admitted, 27.8% were overweight and 50.2% were obese, according to the CDC report. Overweight is defined as having a body mass index of 25 or more, while obesity is defined as having a BMI of 30 or more.

    The agency found the risk for hospitalizations, ICU admissions and deaths was lowest among individuals with BMIs under 25. The risk of severe illness “sharply increased,” however, as BMIs rose, particularly among people 65 and older, the agency said.

    Just over 42% of the U.S. population was considered obese in 2018, according to the agency’s most recent statistics.”

    https://www.cnbc.com/2021/03/08/covid-cdc-study-finds-roughly-78percent-of-people-hospitalized-were-overweight-or-obese.html

    42% is that a lot?

    1. Good link. If you’re obese getting under BMI of 25 is a challenge. A year ago I had 31 BMI and am now at 24. Lost 46 pounds off 5-9.5 frame. Not bragging I shouldn’t have been that weight in first place. My advice is keep a food diary and count calories. It is no joke hard but worth it.

      1. My advice is keep a food diary and count calories.

        Yep. It’s all about calories. You could lose weight on a pizza diet as long as you stay under your daily caloric burn rate. The people who complain they can’t lose weight are just lazy, unless they actually have a thyroid problem or some other legit medical reason.

      2. My advice is to go very-low carb and IF, working up to OMAD. Look up Jason Fung to find out why it works, go to ruled.me to find out how to do it.

        1. I went low-carb OMAD about a year ago and since then I shed about twenty percent of my weight (45 lbs).

  9. Oh, say can you see by the dawn’s early light
    What so proudly we hailed at the twilight’s last gleaming?
    Whose broad stripes and bright stars thru the perilous fight,
    O’er the fraud that we watched the election they’re stealing
    And with Biden’s blank stare, the Pork bursting in air,
    Gave proof through the night that Pelosi was there.
    Now they pile on the Debt Liberal Cities they will sa – ave
    Screw the land of the free and the home of the brave

    Senate passes $1.9 trillion Covid relief bill, House Democrats plan final approval Tuesday

    PUBLISHED SAT, MAR 6 2021

    20213:09 PM EST
    Jacob Pramuk

    https://www.cnbc.com/2021/03/06/covid-stimulus-update-senate-passes-1point9-trillion-relief-bill.html

    1. Today is Monday, March 8th and Joe Biden is not the legitimately elected president of the United States.

      1. In Maryland, inmates are eligible for the vaccine before healthy working adults. And now Maryland has some “equity” initiative to ship more vaccines to underserved communities.

        So here I am. Last in line for vaccines, never got a stimulus, no freebie rent, no endless unemployment, no chance of any relationships, no college loan forgiveness. And no attention from the news media since I’m not a boomer or a millenial. Sometimes I wonder why I worked to develop knowledge and skills, get a good job, keep my BMI down, pay my debt, and play by the rules. I’m being punished for it at every turn.

        1. I’ve noticed that no one speaks for the middle class. The poor have very loud voices, from a variety of quarters, and strong organizational forces. The actually wealthy can pick up the phone actually talk to and convince policy makers one on one about why they should take wealthy-friendly positions. The middle class? We’re the beasts of burden. No one speaks for us. But when it’s time to pay the bills, we do have the privilege of paying.

          1. And even better, Maryland is hiding the inmate vaccines. The main page for the vaccine at the COVID link page does not mention inmates in the eligible groups.

            https://covidlink.maryland.gov/content/vaccine/

            However if you look a little deeper to find the correct FAQs, download the pdf of the COVID vaccination plan, you see that incarcerated adults are included in Phase 2. (probably provided for them in bulk, no appointments or waiting for them!) Meanwhile, healthy lawful productive members of society have to wait for Phase 3. This little tidbit is nowhere else on the website than I could find.

            (warning PDF):

            https://covidlink.maryland.gov/content/wp-content/uploads/2021/01/MDH017182-01_VaccinePrioritizationGuidance_Flyer_HR.pdf

        2. I’m trying to sign up my parents for the vaccine. So we can visit them this summer. My dad is 74 and mom is 67. I guess they were too young for 1A and 1B. When will 66-74 be allowed?

          1. It depends on your state. In Maryland, they are now taking anyone over age 65. It might be different in other states.

  10. From the Lake Tahoe piece: “There is plenty of housing in the basin, they are just sitting empty,” said Belleci. “Over 70% are sitting empty.” Many of the empty houses are secondary houses or short term rentals.

    Short term rentals on the California side of the lake have been heavily taxed long before “airbnb” existed. Hospitality, e.g., gambling, skiing and vacations are the industry. Most of the locals are scammers looking for an angle while their women hustle for the casino jobs. They move on when they’re exhausted, driven away by the high cost of living.

    1. When you want to see the destructive nature of a speculative housing bubble, and also the negative consequences of a bifurcated economy where a select few have become sinfully wealthy at the expense of the masses, you go to Tahoe.

    2. locals are scammers looking for an angle while their women

      You make it sound like the women are pets, like dogs. It reminds me of the beanie boy conversation from last Wednesday. The youtube comments blew up with “We want women who are young hot baby machines. If you’re not hot, you are officially worthless. If you weren’t hot and didn’t land a manly man and got educated because you wanted to support yourself beyond minimum wage, then you’re a screeching blue-haired feminist libtard land whale. Find a cat and box wine because that’s all you deserve.”

      And that’s not an exaggeration. Heh, no wonder I’m single. I’m both too good, and not good enough. 😎

      1. Heh, no wonder I’m single. I’m both too good, and not good enough. 😎

        Nah, you’re just single because you’re extremely picky and you’re comfortable being alone and completely in control of everything. Amiright? (sad attempt at using today’s lingo)

          1. We hosted a divorce orphan at Thanksgiving last year who had to pay out $300,000 of his net worth to get out of a four year marriage.

            When two people get married they aren’t marrying each other, they are marrying themselves to the state.

          1. And there are better things too. Eh well, at my age even I’m not all that eager to sign papers. There are gold-digger men (I dated two, both losers), not to mention the dreaded seeker of the nurse-and-a-purse.
            And I’m NOT dating a foreigner of any stripe. Any man from any other culture would promptly move his entire clan into my house as if he owned it. Because, you know, he’s the man. In his eyes, he DOES own it.

          2. Hmmm … generally speaking when it comes to choosing the women make the choices when it comes to having sex and men make the choices when it comes to making commitments.

          3. I know there are better things. I experienced them, then I didn’t, then there was worser things. I don’t have many complaints to whine about. I try to enjoy every blessing I have; loving friends and family, the small things that I can do for others that enrich me, the sun and the water, a traveling companion, blah, blah, blah.

      2. Several of the ladies from my high school days that were in my (loose) circle of peers, I have keep up with for the last decade+ (thanks to unsocial media, etc), and are still or recently single.

        From listening to their adventures in modern dating, I concluded that there’s a sizable segment of single men in our age group that just aren’t worth the bother.

        Back in the day, we’d classify them all as loozers to various degrees, but in the past decade there’s been a rise in older men that are something of a counterpart to ‘screeching blue-haired feminist libtard land whale’. Basically guys who wrap themselves up in the modern rhetoric and complains about dating, etc as if it somehow excuses the fact they never took care of themselves physically or developed themselves socially and economically. When pressed they mutter things like ‘top 20%’ and ‘Chad & Tyrone’.

        While there are very legitimate issues to be had with modern dating and relationship expectations, many of those guys could be a massive hit with the ladies IF they would bother to get their own self and situation in order. And they’d actually make good life partners if they wanted to go that route, but getting drunk seems easier than self improvement.

        1. I am reminded of a former colleague at HP. A young guy (under 30). Tall, educated, well spoken, decent dresser, well groomed. good income, smart (he’s a system architect now). His one weakness: he was average in looks. A male “plain Jane”

          He couldn’t get a date to save his life.

          1. He couldn’t get a date to save his life.

            Well, hopefully he wont make the same mistake(s) I did when I was in my 20s and marry someone he shouldn’t not believing he could do better. I’ll own that mistake of being my own worst enemy. Heck, I’m still paying for it.

            The whole bit about male SMV and MMV getting much better as they get older (30-35+) is completely true in my experience, especially if a guy has gotten himself somewhat together and taking care of himself.

            I divorced in my early 40s and my dating experience then could be described as “swimming in it” and being often cold approached the one to do most of the rejecting. A complete 180 from my teens and 20s. (hell, I’ve got a few true stories from that period that you’d probably insist were fiction. 🙂 )

            I attribute that dating success in large part to having my crap together, being fearless, and having learned how to be sociable and fun and relaxed; and I don’t consider myself to be especially handsome. Eventually, I met Mrs Spiffy – who is nearly 15 years younger than me and decided to stop dating and keep her. So far, so good. (FWIW – she initiated contact)

            And I think that’s what happened to dating in the older demographics – the higher quality people find a quality partner and take themselves out of the pool soon enough.

            There is one thing I don’t have a good feel for, and that’s the impact of dating apps and swiping and that whole lot. I was single 2007-2010ish which was just before smartphone apps took over, but still had well established online dating – which I did and took full advantage of. I see some other people describe that period of time as sort of a ‘golden age’ of online dating, where you could regularly get to the talking stage without first being reduced to a single ‘am I hot enough?’ profile pic and have a good success rate of converting into actual dates, etc. The kids today won’t really know anything but the apps, and those have pushed many people’s expectation to the extreme, reducing the successful pool.

          2. I met a few “once and done” guys who after getting burned opted to not look for the next future ex-wife. They aren’t bitter, they don’t rant about Chad or Tyrone, even if ​that’s who the ex dumped them for. They seem to be content in their singledom, pursuing their own interests. Some are planning on retiring young.

            It doesn’t help that most techies are introverts. I have observed that female interest in them picks up as they get older. Since they are still introverts, I suspect that something else sparks the interest, like a fancy job title in Corporate America.

          3. It doesn’t help that most techies are introverts. I have observed that female interest in them picks up as they get older. Since they are still introverts, I suspect that something else sparks the interest, like a fancy job title in Corporate America..

            I wonder why that i$? No doubt that the three “S”‘s become more valued as everyone gets older (Security, Stability, Success)

            I probably should have mentioned that the ladies from my high school peer group that I mentioned are all from and still living in Michigan and I would be surprised if 5% of the men they dated are what we could consider ‘techies’. Much more working/middle class and blue collar or business types, given that’s the environment we all grew up in. I’m very much an outlier from that population, and of the small number of us that went into tech-type careers, all but one moved out of state. Of all of us, ironically it was the one ‘stoner/burnout’ kid who grew up and did the best financially as a serial tech entrepreneur who took a company public and a few others to acquisition.

            I went off on that tangent, because expectations really do seem to vary by location and the makeup of the people around you. Around here, being blue collar is mostly looked down upon by many, which is quite the opposite of what I grew up in.

      3. “You make it sound like the women are pets, like dogs.”

        There’s little to no commitment. If they manage to attract the attention of a multi-millionaire at the baccarat table…it’s monkey branch time!

        I’ve known a few of these types over the years, and I give them credit for being honest and upfront. You’re never left wondering with them. As the saying goes, “They’re not yours…it’s just your turn.”

        1. There’s little to no commitment. If they manage to attract the attention of a multi-millionaire at the baccarat table…it’s monkey branch time!

          Exactly. Women will always trade up. Always.

    1. Denver is becoming more like San Francisco, because in Detroit there’s nothing left to steal.

      In the past few years, the local Wells Fargo closed its ATM lobby from 5pm to 7am because of homeless. Every business that has a public restroom now requires a code to get into the restroom, because of overdoses. The local King Soopers now keeps its alternate set of entry doors permanently closed, because of shoplifters.

      Tweakers, junkies, beggars on every corner and accosting you in every parking lot. Sounds like a great place to buy a $800,000 starter home in a neighborhood where your kidz can step on needles and feces if you let them play outside.

      It’s the “progressive” way…

      1. Every business that has a public restroom now requires a code to get into the restroom, because of overdoses.

        Does that include Starbucks? I seem to recall they were advertising opening up shooting galleries.

  11. Over the weekend, I followed Moderna’s vaccine down rabbit holes and this is some of what I learned.
    In 2010, Moderna began to engage in research to produce a gene therapy drug for cancer. All attempts failed. When Covid hit, Moderna quickly pivoted into using this research to produce a vaccine. The “vaccine” uses RNA to get our own cells to produce elements of the virus which will then cause our immune system to produce antibodies. The “vaccine” contains no elements of the Covid virus. What this appears to be is an experimental drug that “could” (FDA.gov) prevent the disease.
    The drug uses polyethylene glycol as a stabilizer. According to Wikipedia, “A growing body of evidence shows the existence of a detectable level of anti-PEG antibodies in approximately 72% of the population.” This could account for some of the adverse reactions to the drug.
    Earlier testing of the drug on ferrets appeared to result in an exaggerated autoimmune effect (cytokine storm) which can cause the body to attack its own tissues when exposed to the virus.
    There is some evidence that the drug interferes with pregnancy which would interfere with a woman’s ability to carry a baby to term.
    While Moderna denies that the RNA in the drug can alter the body’s DNA, there is some research which indicates this is false. Once DNA is changed, it can’t be changed back. This would be permanent.
    Legal issues – Since Modena can’t be sued, there is no incentive to make it safe. The drug is authorized by the FDA for emergency use for individuals 18 years of age and older. If there is no “emergency” can Moderna still sell its drug?

    1. If there is no “emergency”

      I have wondered about this disconnect as well. If the incentive for the government/pharma partnership is to deliver the doses we may conceivably be held in a false state of emergency until the doses are delivered. There are big streams of money to be considered.

      We increasingly hear that our beloved Dr. F. is up to his neck in the streams of money, particularly via Moderna.

      NY State is considering a “vaccination passport” without which with one won’t be allowed to do certain things public. Canada is rumored to be thinking along the same lines. I’ve already heard a couple of times that if you don’t get the shot you are a murdering terrorist. We’ll see how this plays out.

      1. Let’s see if you want the Vaccine, you take it and you’ll be safe…right?

        So I’m only jeopardizing myself by not taking it…right?

        People need to wake the heck up around here and smell the genocide coffee….

    2. If there is no “emergency” can Moderna still sell its drug?

      No. It hasn’t been approved by the FDA. The only reason it got EUA was because ivermectin and HCQ were suppressed. You provided an excellent summation. I’ve been posting these issues here on HBB over the last year.

      1. There are some finer scientific points but most people’s eyes glaze over with that level of detail.

        1. most people’s eyes glaze over with that level of detail

          That’s the thing. It all boils down to whether you trust them or not. And given how we live in an age of universal deceit, they will have to work very hard to earn my trust. Tactics such as shaming and making veiled threats to make it “mandatory” sends my trust-o-meter to zero.

          1. I received notification last night that I’m eligible for the c-jab from my healthcare provider beginning March 15. I was already eligible via the state’s IHSS program. It’s still a hard pass and getting harder by the day. I may need to start carrying a copy of the Nuremburg Code printed out from NIH’s website. I suspect that might shut up some c-jab advocates.

            My son’s school had its first school-based, as opposed to community-based, case of COVID+ in my son’s class but not room. Thankfully, his teacher has two rooms otherwise he’d be home for 14 days.

          2. school had its first school-based,

            I gather that the new CDC guidelines make in class school illegal, since you can’t be with unvaccinated people indoors and the children aren’t cleared to get the vaccine. I hope I’ve misinterpreted this.

            Spell check tells me “unvaccinated” is not a word. Try to keep up!

          3. Guidelines aren’t laws . . . yet. Counterfeit vaccination records could become quite a lucrative cottage industry.

    1. People will be wearing a mask while driving alone in Denver until the year 2025. You heard it here first.

  12. I seem to recall some posts about this clown in the past. Looks like the day of reckoning has arrived for this white elephant piece of shit.

    Foreclosure looms for Nile Niami’s infamous mega-mansion ‘The One’

    For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. But his plans are now in peril.

    Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant home. Over the last three years, that debt has ballooned to more than $110 million, and Hankey wants its money.

    https://www.yahoo.com/finance/news/foreclosure-looms-nile-niamis-infamous-003523137.html

  13. Man fatally shot at George Floyd Square Saturday night

    By KRISTI BELCAMINO
    Pioneer Press
    March 7, 2021 at 9:09 a.m.

    A man was shot dead near George Floyd Square on Saturday night in Minneapolis near where Floyd died while in police custody last year.

    Police responding to reports that two people had been shot near 38th Street East and Chicago Avenue, arrived at the entrance to the barricaded area only to be told that the shooting victims had already been taken to the hospital.

    A short time later, police were told that a man in his 30s had arrived at the hospital with a gunshot wound. He died a short time later.

    According to police, early investigation into the shooting indicates that the shooter and the victim had a “verbal altercation” before the shooting. The shooter fled the scene northbound in a cream, or light-colored Suburban possibly in the body style of vehicles made between 2005 and 2016. The vehicle has gunshot damage and police are asking the public’s help in locating the suspect and vehicle.

    According to the news release, when officers arrived at the shooting scene, they were “met with interference.”

    Police say that despite reports that two people had been shot, a second victim has not been located.

    https://www.twincities.com/2021/03/07/man-fatally-shot-at-george-floyd-square-saturday-night/

    1. The image of Minneapolis /St. Paul that I used to have was of Mary Tyler Moore throwing her beret into the air.

      Now I just think of a city in the grip of crime and anarchy.

  14. Are you worried that your stonks may tank after the Fed shuts down its emergency lending facilities?

    1. The Financial Times
      Coronavirus economic impact
      Federal Reserve to close most Covid crisis emergency facilities
      Central bank launched schemes at height of pandemic-induced tumult in 2020
      Colby Smith in New York and Brooke Fox in San Diego yesterday

      The Federal Reserve is ending the bulk of the remaining emergency facilities it rolled out last year to support financial markets through the coronavirus crisis, in the latest sign that the economic recovery is gathering momentum.

      The US central bank announced on Monday that it will allow three lending programmes to expire as scheduled at the end of the month, citing low usage. The Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, and the Primary Dealer Credit Facility were launched in March last year to combat turbulent trading conditions that engulfed markets when investors scrambled to hold cash.

      The facilities were part of a larger effort by the Fed to stabilise the financial system — resulting in the central bank expanding the scope and scale of its reach in an unprecedented way. They were created under powers that allow the Fed to make asset purchases in “unusual and exigent circumstances”, and funds from the US Treasury to cover losses dramatically boosted their potential size.

  15. Wyoming is going to lift the mask mandate and open up.
    The time has come for the red States to rebel against the Fauci /Gates/Medical Cartel twisted goal of making 70 % take a untested vaccine.
    They should be arrested for this fake test, fake Pandemic medical fraud on Society.
    It’s up to the Red States to refuse to go along with this Medical Monopoly power grab that isn’t justified .
    Dr Fauci has a hissy fit because some States are opening up. They think that the 24/7 fake news and censoring all news in favor their absurd assaults against the people has got to stop.

    1. Another thing to like about the Cowboy state: Wyoming has no state income tax. And unlike other no state income tax states, property taxes are not high.

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