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Posted: 4/28/2013 8:41:54 PM EST
[#1]
Quoted:
A few posts ago I mentioned the lowered standard of living and lower incomes now when compared to just a few years ago.
The median annual household income in March 2013 can be put into broader perspective by a comparison with previous levels of household income dating back to the start of the last decade. The March 2013 median annual household income of $51,320 was 5.4 percent lower than the median of $54,275 in June 2009, the end of the recent recession and beginning of the "economic recovery.” The March 2013 median was 7.2 percent lower than the median of $55,273 in December 2007, the beginning month of the recession that occurred more than five years ago. And the March 2013 median was 8.2 percent lower than the median of $55,934 in January 2000, the beginning of this statistical series. These comparisons demonstrate how significantly real median annual household income has fallen over the past decade, and how much ground needs to be recovered to return to income levels that [div style='FONT-FAMILY: serif; FONT-SIZE: 16px; transform: scale(1.06203, 1); transform-origin: 0% 0% 0px']existed more than ten years ago. Wow. over 8% loss in median income over the past 12 years? I haven't read the details yet, but I assume that's using an "official" inflation figure based on CPI to adjust for real purchasing power... so it's bound to be worse? 
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Posted: 4/29/2013 6:40:13 AM EST
[#2]
My theoretical granddaughter to be born on the 4th of July 2015 ...
She hits 18 in 2033 ... Maybe gets out of college in 2037 - 2038 ... ? She's smart enough to get what when on this last few years ... 2008 - 2016 ... hell, even 1975 - 2015 ... What's she gonna think ? ML |
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Posted: 4/30/2013 10:43:25 PM EST
[#3]
Quoted:
My theoretical granddaughter to be born on the 4th of July 2015 ... She hits 18 in 2033 ... Maybe gets out of college in 2037 - 2038 ... ? She's smart enough to get what when on this last few years ... 2008 - 2016 ... hell, even 1975 - 2015 ... What's she gonna think ? ML It's unlikely she'll have any point of reference how great and productive our country was in the period from around 1940 to 1970. Whatever social/economic conditions are when she grows up will be 'normal' to her and the 'new normal' to us. |
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Posted: 4/30/2013 10:53:31 PM EST
[#4]
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For people expecting interest rates to rise significantly, take a look at yields on 30 year Japanese bonds, it is 1.62%. Link Interest rates must be kept low, otherwise the debt cannot be serviced. While I agree with Kyle Bass that Japan is headed for disaster, I think the US has a good 5-10 years before significant interest rate increases will be allowed. Japan has been years ahead of us in the insane debt game, and still have an (apparently) functioning economy. Good point, But Japan had us to prop them up for the past decade or so. There's plenty of instances where the FED pumped USD's into the Euro and the JPY to keep things going. There's no one to prop us up, not to mention at this point we're a much bigger snowball rolling down a much steeper hill (our economy is around $15trillion compared to Japan's $5 trillion). Seriously, we pumped more than $5 trillion into the markets in 2008 like a Rap-Game baller tossing $20's on stage for his favorite dancer. In either case, I'd like to refi at 3.25% so hopefully things hold out longer!
ETA: http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_article_large/public/2012/06/01/278669-somalia-cash.jpg We refi'd at 3.75% earlier this year.  HA 3.625 here!!! |
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Posted: 4/30/2013 11:01:45 PM EST
[#5]
Quoted: Quoted: Quoted: Quoted: For people expecting interest rates to rise significantly, take a look at yields on 30 year Japanese bonds, it is 1.62%. Link Interest rates must be kept low, otherwise the debt cannot be serviced. While I agree with Kyle Bass that Japan is headed for disaster, I think the US has a good 5-10 years before significant interest rate increases will be allowed. Japan has been years ahead of us in the insane debt game, and still have an (apparently) functioning economy. Good point, But Japan had us to prop them up for the past decade or so. There's plenty of instances where the FED pumped USD's into the Euro and the JPY to keep things going. There's no one to prop us up, not to mention at this point we're a much bigger snowball rolling down a much steeper hill (our economy is around $15trillion compared to Japan's $5 trillion). Seriously, we pumped more than $5 trillion into the markets in 2008 like a Rap-Game baller tossing $20's on stage for his favorite dancer. In either case, I'd like to refi at 3.25% so hopefully things hold out longer! ETA: http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_article_large/public/2012/06/01/278669-somalia-cash.jpg We refi'd at 3.75% earlier this year. HA 3.625 here!!! I got 3.5% today, we sign the paperwork tomorrow. Our next investment property (hopefully in May or June) will be in the 3.6% range. Buy soon, rates will stay low for at least a couple of years, but the Fed can't hold them down forever. |
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Posted: 5/1/2013 8:24:49 AM EST
[#6]
Quoted:
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For people expecting interest rates to rise significantly, take a look at yields on 30 year Japanese bonds, it is 1.62%. Link Interest rates must be kept low, otherwise the debt cannot be serviced. While I agree with Kyle Bass that Japan is headed for disaster, I think the US has a good 5-10 years before significant interest rate increases will be allowed. Japan has been years ahead of us in the insane debt game, and still have an (apparently) functioning economy. Good point, But Japan had us to prop them up for the past decade or so. There's plenty of instances where the FED pumped USD's into the Euro and the JPY to keep things going. There's no one to prop us up, not to mention at this point we're a much bigger snowball rolling down a much steeper hill (our economy is around $15trillion compared to Japan's $5 trillion). Seriously, we pumped more than $5 trillion into the markets in 2008 like a Rap-Game baller tossing $20's on stage for his favorite dancer. In either case, I'd like to refi at 3.25% so hopefully things hold out longer!
ETA: http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_article_large/public/2012/06/01/278669-somalia-cash.jpg We refi'd at 3.75% earlier this year. HA 3.625 here!!! We coud have gone lower, but this allowed us to cash enough out that except for the house and one credit card I use for work, we are essentially debt free. 
And that card balance is FINALLY starting to come down, and our savings account is coming back up. I will need to get new tires on my truck soon, and for the first time since we had kids I will not have to use a CC. 
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Posted: 5/1/2013 8:25:27 AM EST
[#7]
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For people expecting interest rates to rise significantly, take a look at yields on 30 year Japanese bonds, it is 1.62%. Link Interest rates must be kept low, otherwise the debt cannot be serviced. While I agree with Kyle Bass that Japan is headed for disaster, I think the US has a good 5-10 years before significant interest rate increases will be allowed. Japan has been years ahead of us in the insane debt game, and still have an (apparently) functioning economy. Good point, But Japan had us to prop them up for the past decade or so. There's plenty of instances where the FED pumped USD's into the Euro and the JPY to keep things going. There's no one to prop us up, not to mention at this point we're a much bigger snowball rolling down a much steeper hill (our economy is around $15trillion compared to Japan's $5 trillion). Seriously, we pumped more than $5 trillion into the markets in 2008 like a Rap-Game baller tossing $20's on stage for his favorite dancer. In either case, I'd like to refi at 3.25% so hopefully things hold out longer!
ETA: http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_article_large/public/2012/06/01/278669-somalia-cash.jpg We refi'd at 3.75% earlier this year. HA 3.625 here!!! I got 3.5% today, we sign the paperwork tomorrow. Our next investment property (hopefully in May or June) will be in the 3.6% range. Buy soon, rates will stay low for at least a couple of years, but the Fed can't hold them down forever. I heard that they will be holding them down until the U3 is under 6 or 6.5% |
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Posted: 5/1/2013 10:17:45 AM EST
[#8]
Arizona jumps on the PM train...
Just under a month ago we raised the prospect of a number of states following Utah (which authorized bullion for currency in 2011) down the path of gold and silver as legal tender. "The legislation is about signaling discontent with monetary policy and about what Ben Bernanke is doing," was how this shift was previously described and as Yahoo reports, the Arizona Senate on Tuesday approved a measure to make gold and silver legal currency in the state, in a response to what backers said was a lack of confidence in the international monetary system. The bill will make gold and silver coins legal tender as of mid-2014 and more than a dozen other states continue to mull the transition. |
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Posted: 5/1/2013 11:29:24 AM EST
[#9]
From yesterday:
http://www.businessinsider.com/the-next-72-hours-are-going-to-be-insane-2013-4 We are about to get an epic deluge of economic releases from around the world over the next three days, and we should learn a ton about the current state of the global economy.
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Posted: 5/1/2013 11:41:19 AM EST
[#10]
Yeah, it's here.
Crude Inventories Surge to Record High as Energy Demand Collapses Two Recession Indicators: ...while major store sales are about to drop negative YoY for the first time in over 3 years, the utter collapse in general merchandise sales is worse that at the peak of the last recession at -5%. ...David Rosenberg points out real personal income net of transfer receipts plunged at a stunning 5.8% annual rate in Q1. The other seven times we have seen such a collapse, the economy was either in recession of just coming out of one. Manufacturing ISM Drops To Lowest Since December, Employment Slide Biggest Since 2008 As for refi'ing... we got a 3.5% rate again - just not the juicy 3.25% from 6 months ago. In either case, it's rarely the advertised rate but the actual APR that signifies a deal. Now the home apprasial... THAT was shockingly bad now that banks and apprasisers are in CYA/Panick mode. 
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Posted: 5/1/2013 12:49:20 PM EST
[#11]
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Posted: 5/1/2013 2:59:24 PM EST
[#12]
The fundamentals are clearer once's you see and understand the technical charts and waves. But look at the fundamentals for a moment....
-The stock market is doing well AND company's are reporting good financial results! (...except the vast majority missed top-line revenue growth?) -Energy consumption has declined (...growth?) -Job growth (...flat?) -Household income (...down?) -Commodity prices (...down?) -Durable goods orders (...decline?) -Transportation (....down?) -GDP (...flaccid?) But hey bond, stock, and home prices are up! (...with a little help from the Federal reserve, creating roughly $80 billion dollars per month) What could it all mean? |
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Posted: 5/1/2013 8:04:53 PM EST
[#13]
Quoted: Quoted: Quoted: Quoted: Quoted: Quoted: For people expecting interest rates to rise significantly, take a look at yields on 30 year Japanese bonds, it is 1.62%. Link Interest rates must be kept low, otherwise the debt cannot be serviced. While I agree with Kyle Bass that Japan is headed for disaster, I think the US has a good 5-10 years before significant interest rate increases will be allowed. Japan has been years ahead of us in the insane debt game, and still have an (apparently) functioning economy. Good point, But Japan had us to prop them up for the past decade or so. There's plenty of instances where the FED pumped USD's into the Euro and the JPY to keep things going. There's no one to prop us up, not to mention at this point we're a much bigger snowball rolling down a much steeper hill (our economy is around $15trillion compared to Japan's $5 trillion). Seriously, we pumped more than $5 trillion into the markets in 2008 like a Rap-Game baller tossing $20's on stage for his favorite dancer. In either case, I'd like to refi at 3.25% so hopefully things hold out longer! ETA: http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_article_large/public/2012/06/01/278669-somalia-cash.jpg We refi'd at 3.75% earlier this year. HA 3.625 here!!! I got 3.5% today, we sign the paperwork tomorrow. Our next investment property (hopefully in May or June) will be in the 3.6% range. Buy soon, rates will stay low for at least a couple of years, but the Fed can't hold them down forever. I heard that they will be holding them down until the U3 is under 6 or 6.5% External forces are external. We will see how much actual power the Fed has when the winds start blowing. |
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Posted: 5/1/2013 8:22:06 PM EST
[#14]
Quoted: Quoted: I heard that they will be holding them down until the U3 is under 6 or 6.5% External forces are external. We will see how much actual power the Fed has when the winds start blowing. That's hard for people to understand. Eventually even the Wizard of Oz runs out of tricks.  The federal reserve is doing absolutely ALL it can. But it is not working. Worse, it's causing a lot of malinvestment, and economic distortions, AND it's lulling the lawyers in Washington, who really don't understand economics, into the false sense that debt, deficit spending, and currency debasement, just don't matter. "BRING ON A GOVERNMENT PROGRAM!!!" The federal reserve is run by Keynesians, and while I don't agree with the basis of their economic theory, I have to say, I'm surprised they've kept it going long. They are pulling out all they can from their bag of tricks. But the lawyers (politicians) aren't taking the opportunity to fix anything. They're just digging a deeper hole. They think the financial "morphine" is curing the cancer, because it's made the pain go away. Oh, well this is fun watching it play out. |
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Posted: 5/1/2013 8:29:02 PM EST
[#15]
Nothing to see here...
Except for the picture of poor old Kermit the Frog.... priceless!! They keep pulling the strings, and the American people keep paying to see the show. 
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Posted: 5/1/2013 11:13:44 PM EST
[#16]
What do green shoots have to do with the economy??? 
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Posted: 5/1/2013 11:16:04 PM EST
[#17]
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I heard that they will be holding them down until the U3 is under 6 or 6.5% External forces are external. We will see how much actual power the Fed has when the winds start blowing. That's hard for people to understand. Eventually even the Wizard of Oz runs out of tricks. The federal reserve is doing absolutely ALL it can. But it is not working. Worse, it's causing a lot of malinvestment, and economic distortions, AND it's lulling the lawyers in Washington, who really don't understand economics, into the false sense that debt, deficit spending, and currency debasement, just don't matter. "BRING ON A GOVERNMENT PROGRAM!!!" The federal reserve is run by Keynesians, and while I don't agree with the basis of their economic theory, but I have to say, they've kept it going and are pulling out all they can from their bag of tricks. But the lawyers aren't taking the opportunity to fix anything. They're just digging a deeper hole. They think the financial "morphin" is curing the cancer, because it's made the pain go away. Oh, well this is fun watching it play out. They may be 'doing all they can' but if they expect it to work they are FOOLS. They most certainly AREN'T fools and they know what they are doing CAN'T WORK. There are OTHER FACTORS at play here, ones most of you'all don't want to face. Factors that are rarely talked about here. 'Cept by me and a couple utters... 
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Posted: 5/2/2013 3:55:11 AM EST
[#18]
It's not just here.
20 Signs That The Next Great Economic Depression Has Already Started In Europe We have been warning that the next major wave of the ongoing economic collapse would begin in Europe, and that is exactly what is happening. In fact, both Greece and Spain already have levels of unemployment that are greater than anything the U.S. experienced during the Great Depression of the 1930s. Pay close attention to what is happening over there, because it is coming here too. A full-blown economic depression is raging across southern Europe and it is rapidly spreading into northern Europe.
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Posted: 5/2/2013 6:53:20 AM EST
[#19]
Quoted:
From yesterday: http://www.businessinsider.com/the-next-72-hours-are-going-to-be-insane-2013-4 We are about to get an epic deluge of economic releases from around the world over the next three days, and we should learn a ton about the current state of the global economy. Bohica. |
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Posted: 5/2/2013 7:25:03 AM EST
[#20]
A press release from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) shows that the value of payments using Chinese Yuan currency grew by 171 percent between January 2012 and January 2013.
In January 2013 alone, payments in the Chinese currency grew in value by 24 percent from December, pushing the Yuan past the Russian Rouble to the thirteenth slot for world currency payments. http://www.cnsnews.com/blog/gregory-gwyn-williams-jr/payments-using-chinese-yuan-continue-surge-currency-tops-russian There's another link at the link to a PDF file that shows the euro is in #1 position for use as a world currency. The USD is only at #2. |
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Posted: 5/2/2013 7:38:17 AM EST
[#21]
Quoted:
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I heard that they will be holding them down until the U3 is under 6 or 6.5% External forces are external. We will see how much actual power the Fed has when the winds start blowing. That's hard for people to understand. Eventually even the Wizard of Oz runs out of tricks. The federal reserve is doing absolutely ALL it can. But it is not working. Worse, it's causing a lot of malinvestment, and economic distortions, AND it's lulling the lawyers in Washington, who really don't understand economics, into the false sense that debt, deficit spending, and currency debasement, just don't matter. "BRING ON A GOVERNMENT PROGRAM!!!" The federal reserve is run by Keynesians, and while I don't agree with the basis of their economic theory, but I have to say, they've kept it going and are pulling out all they can from their bag of tricks. But the lawyers aren't taking the opportunity to fix anything. They're just digging a deeper hole. They think the financial "morphin" is curing the cancer, because it's made the pain go away. Oh, well this is fun watching it play out. They may be 'doing all they can' but if they expect it to work they are FOOLS. They most certainly AREN'T fools and they know what they are doing CAN'T WORK. There are OTHER FACTORS at play here, ones most of you'all don't want to face. Factors that are rarely talked about here. 'Cept by me and a couple utters...
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Posted: 5/2/2013 7:39:41 AM EST
[#22]
Quoted:
snip quote tree... We will see how much actual power the Fed has when the winds start blowing. Can you give example of external events or forces or a couple of scenarios where the "winds start blowing"? China or other countries dumping existing holdings? |
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Posted: 5/2/2013 9:19:59 AM EST
[#23]
Quoted: Quoted: snip quote tree... We will see how much actual power the Fed has when the winds start blowing. Can you give example of external events or forces or a couple of scenarios where the "winds start blowing"? China or other countries dumping existing holdings? There is still a lot of demand for the dollar. That will change if we continue along the current path. If the Fed tries to print the whole deficit with massive sales of dollars, the effect will be beyond their control. |
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Posted: 5/2/2013 11:15:22 AM EST
[#24]
Quoted:
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snip quote tree... We will see how much actual power the Fed has when the winds start blowing. Can you give example of external events or forces or a couple of scenarios where the "winds start blowing"? China or other countries dumping existing holdings? There is still a lot of demand for the dollar. That will change if we continue along the current path. If the Fed tries to print the whole deficit with massive sales of dollars, the effect will be beyond their control. Do they have another option that is realistic? Based on the current sequestration bull shit, the budget will never be cut and higher taxes will put a stake into the heart of the economy. Do you see a way out that is realistic and does not require the US to implode economically? |
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Posted: 5/2/2013 11:50:14 AM EST
[#25]
Quoted:
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snip quote tree... We will see how much actual power the Fed has when the winds start blowing. Can you give example of external events or forces or a couple of scenarios where the "winds start blowing"? China or other countries dumping existing holdings? There is still a lot of demand for the dollar. That will change if we continue along the current path. If the Fed tries to print the whole deficit with massive sales of dollars, the effect will be beyond their control. Do they have another option that is realistic? Based on the current sequestration bull shit, the budget will never be cut and higher taxes will put a stake into the heart of the economy. Do you see a way out that is realistic and does not require the US to implode economically? Which is probably why it's already too late. Can't just pull the rug out and have overnight austerity, or the US will implode economically. It needs to be a slow, steady pain. But with the tantrum thrown last month about the sequester, it's obvious there's no interest except catering to the FSA until 2016. Think it's already too late now? LOL. |
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Posted: 5/2/2013 2:50:23 PM EST
[#26]
Quoted: Quoted: Quoted: Quoted: snip quote tree... We will see how much actual power the Fed has when the winds start blowing. Can you give example of external events or forces or a couple of scenarios where the "winds start blowing"? China or other countries dumping existing holdings? There is still a lot of demand for the dollar. That will change if we continue along the current path. If the Fed tries to print the whole deficit with massive sales of dollars, the effect will be beyond their control. Do they have another option that is realistic? Based on the current sequestration bull shit, the budget will never be cut and higher taxes will put a stake into the heart of the economy. Do you see a way out that is realistic and does not require the US to implode economically? The realistic thing is to become business friendly and grow the economy. But we aren't even close to doing that. They will drive this economy into the ground. With the electorate's blessing. It will be on a longer time frame than most in this thread think, but I think the last election shows the path will continue. |
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Posted: 5/2/2013 2:52:13 PM EST
[#27]
Quoted: Quoted: Quoted: Quoted: Quoted: snip quote tree... We will see how much actual power the Fed has when the winds start blowing. Can you give example of external events or forces or a couple of scenarios where the "winds start blowing"? China or other countries dumping existing holdings? There is still a lot of demand for the dollar. That will change if we continue along the current path. If the Fed tries to print the whole deficit with massive sales of dollars, the effect will be beyond their control. Do they have another option that is realistic? Based on the current sequestration bull shit, the budget will never be cut and higher taxes will put a stake into the heart of the economy. Do you see a way out that is realistic and does not require the US to implode economically? Which is probably why it's already too late. Can't just pull the rug out and have overnight austerity, or the US will implode economically. It needs to be a slow, steady pain. But with the tantrum thrown last month about the sequester, it's obvious there's no interest except catering to the FSA until 2016. Think it's already too late now? LOL. They could. Be aggressive with reg reform with modest spending cuts (taxes could even stay the same) and you would see a huge economic boom. But we can't even get a no brainer pipeline built. |
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Posted: 5/2/2013 4:02:47 PM EST
[#28]
News report today suggest foreigners are holding 13 $$Trillion of our debt.
If I were one of them and holding significant amts of Dollars, I'd not want to see the US Dollar crash. At least until I could exchange the Dollars for something of LASTING value.
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Posted: 5/2/2013 6:58:03 PM EST
[#29]
Obama wins in '14 watch for him to try Cyprus's idea........Oh, Yeah, it can happen here, any goverment that can restrict ownership of certain metals, force us to pay a Tax to support it's failed medical reform plan before it even gets out the gate, who can devalue the currency to Weimar levels and worse, who can run up the largest debt known to man, can and will do anything. |
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Posted: 5/2/2013 8:11:23 PM EST
[#30]
Quoted: Obama wins in '14 watch for him to try Cyprus's idea........Oh, Yeah, it can happen here, any goverment that can restrict ownership of certain metals, force us to pay a Tax to support it's failed medical reform plan before it even gets out the gate, who can devalue the currency to Weimar levels and worse, who can run up the largest debt known to man, can and will do anything. Here's the mind-bender we're already doing it. That's right, the Fed is "creating" $70-80 billion a month. which is the same thing essentially. It's just not as honest a way of doing it. We don't need to do what Cyprus was forced to do because, while they couldn't just print new Euros, we can print all the dollars we want. |
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Posted: 5/2/2013 8:41:49 PM EST
[#31]
Quoted:
News report today suggest foreigners are holding 13 $$Trillion of our debt. If I were one of them and holding significant amts of Dollars, I'd not want to see the US Dollar crash. At least until I could exchange the Dollars for something of LASTING value.
That does not add up. Interagency debt is $5.5 last I read. And the fed owns somewhere around 5. That would add up to 23.5 trillion |
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Posted: 5/2/2013 10:20:37 PM EST
[#32]
Quoted:
Quoted:
News report today suggest foreigners are holding 13 $$Trillion of our debt. If I were one of them and holding significant amts of Dollars, I'd not want to see the US Dollar crash. At least until I could exchange the Dollars for something of LASTING value.
That does not add up. Interagency debt is $5.5 last I read. And the fed owns somewhere around 5. That would add up to 23.5 trillion OK, close enough! 
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Posted: 5/3/2013 2:16:30 PM EST
[#33]
Quoted:
Here's the mind-bender we're already doing it. That's right, the Fed is "creating" $70-80 billion a month. which is the same thing essentially. It's just not as honest a way of doing it. We don't need to do what Cyprus was forced to do because, while they couldn't just print new Euros, we can print all the dollars we want. This. Camouflage is your friend. Or rather, THEIR friend |
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Posted: 5/3/2013 10:53:37 PM EST
[#34]
Why did every one get excited today. U-3 was down, but U-6 actually ticked up .1% in April, it's still pushing 14%.
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Posted: 5/4/2013 4:53:10 PM EST
[#35]
Quoted:
Why did every one get excited today. U-3 was down, but U-6 actually ticked up .1% in April, it's still pushing 14%. Doing anything to retire at present or higher salary positions. |
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Posted: 5/5/2013 6:31:42 AM EST
[#36]
Quoted:
Why did every one get excited today. U-3 was down, but U-6 actually ticked up .1% in April, it's still pushing 14%. Because they were told to be excited. I didn't understand it either. They said 165,00 jobs were created, I have heard repeatedly that we need to create 250,00 jobs to just keep up with people entering the job market. Yet everyone is excited. Doesn't make sense to me I guess TPTB are trying to get some momentum going for the Summer of Recovery V5.0 |
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Posted: 5/5/2013 7:29:27 AM EST
[#37]
because the administration and the media are a bunch of lying sacks of communists
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Posted: 5/5/2013 7:43:05 AM EST
[#38]
The economy sucks, but rates are low.
I took advantage - and like a good little consumer I picked up this new Baby Hauler to replace the Corvette I traded in a while back. Even though it's new (and "new" is always a net loser when it comes to cost-effectiveness); my motto is: you only go `round once. I was able to structure the purchase to where my wife is self-sufficient on one income if I lose my job or die. I'm 33, and as some of you remember I've had cancer twice already... so I could really give a shit about 40 years from now; which is liberating in a way. Yeah yeah, we still have retirement accounts, etc and stable incomes; but I will readily admit I am a little more impulsive with my purchases than I should be - if only because I know better.
I present to you my latest distraction: a 560 HP (551ft-lb) supercharged, 6-speed manual wagon. 0-60 in under four seconds, faster than a base Corvette (and the Ferarri California). 
At the end of the day, it's still cheaper (and more reliable) than a mistress.
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Posted: 5/5/2013 8:35:25 AM EST
[#39]
Quoted: The economy sucks, but rates are low. I took advantage - and like a good little consumer I picked up this new Baby Hauler to replace the Corvette I traded in a while back. Even though it's new (and "new" is always a net loser when it comes to cost-effectiveness); my motto is: you only go `round once. I was able to structure the purchase to where my wife is self-sufficient on one income if I lose my job or die. I'm 33, and as some of you remember I've had cancer twice already... so I could really give a shit about 40 years from now; which is liberating in a way. Yeah yeah, we still have retirement accounts, etc and stable incomes; but I will readily admit I am a little more impulsive with my purchases than I should be - if only because I know better. I present to you my latest distraction: a 560 HP (551ft-lb) supercharged, 6-speed manual wagon. 0-60 in under four seconds, faster than a base Corvette (and the Ferarri California). http://i1209.photobucket.com/albums/cc383/rra_223/CTSV0_zps6d1bd315.jpg At the end of the day, it's still cheaper (and more reliable) than a mistress. So you got the Antarctic Blue, Super Sportswagon... They say the Family Truckster is a better unit....  Good for you, on doing the responsible thing. Most Americans don't. |
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Posted: 5/5/2013 8:39:12 AM EST
[#40]
It's great to hear when someone stands up and tells the truth. Did you see the look on the faces of the guilty parties? We need much more of this. |
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Posted: 5/5/2013 8:39:26 AM EST
[#41]
Quoted: Quoted: Why did every one get excited today. U-3 was down, but U-6 actually ticked up .1% in April, it's still pushing 14%. Because they were told to be excited. I didn't understand it either. They said 165,00 jobs were created, I have heard repeatedly that we need to create 250,00 jobs to just keep up with people entering the job market. Yet everyone is excited. Doesn't make sense to me I guess TPTB are trying to get some momentum going for the Summer of Recovery V5.0 Funny how Krugman, the left's hero, says 300k jobs for 5 years, starting in 2009. 4 years later, we might have seen 1/2 of that http://krugman.blogs.nytimes.com/2009/12/10/the-jobs-deficit/ |
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Posted: 5/5/2013 8:41:35 AM EST
[#42]
Quoted:
The economy sucks, but rates are low. I took advantage - and like a good little consumer I picked up this new Baby Hauler to replace the Corvette I traded in a while back. Even though it's new (and "new" is always a net loser when it comes to cost-effectiveness); my motto is: you only go `round once. I was able to structure the purchase to where my wife is self-sufficient on one income if I lose my job or die. I'm 33, and as some of you remember I've had cancer twice already... so I could really give a shit about 40 years from now; which is liberating in a way. Yeah yeah, we still have retirement accounts, etc and stable incomes; but I will readily admit I am a little more impulsive with my purchases than I should be - if only because I know better.
I present to you my latest distraction: a 560 HP (551ft-lb) supercharged, 6-speed manual wagon. 0-60 in under four seconds, faster than a base Corvette (and the Ferarri California). http://i1209.photobucket.com/albums/cc383/rra_223/CTSV0_zps6d1bd315.jpg At the end of the day, it's still cheaper (and more reliable) than a mistress. Nice ride!!! And good on you for structuring to where your wife can make it on one income. We did the same thing when we had kids, and now that they are in school the wife is looking to get back into the workforce. If she gets a job making close to what she is worth, we could have our house paid off in 10 years. Less if we REALLY stayed tight, but we would probably like to actually take a vacation with the kids one of these years.
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Posted: 5/5/2013 10:40:47 AM EST
[#43]
snip... Quarterly operating profit rose 42 percent to $3.78 billion, or $2,302 per share, from $2.67 billion, or $1,615 per share. Analysts on average expected profit of $1,996 per share Up 51%! It's easy to make money when you can see into the 'future'....No one is this 'Lucky' or 'Smart'  The discussion needs to be about how can WE become Oligarchs, and appreciate the policy of 'leveling the playing field' |
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Posted: 5/5/2013 8:29:01 PM EST
[#44]
Quoted:
So you got the Antarctic Blue, Super Sportswagon... They say the Family Truckster is a better unit.... Hey asshole - that's Opulent Blue to strangers on the internet!
I has it. 
That was a great movie, BTW - and I thank the Griswalds for making the Family Truckster so offensive and un-cool that today they only make a few thousand sportwagons every year. I am lucky to have one. |
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Posted: 5/5/2013 11:23:40 PM EST
[#45]
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Posted: 5/6/2013 4:56:34 AM EST
[#46]
The fact that he continues to call our govt a democracy is infuriating.
The fact that he mentions tyranny and denies it is bone chilling. |
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Posted: 5/6/2013 5:20:38 AM EST
[#47]
Quoted:
The fact that he continues to call our govt a democracy is infuriating. The fact that he mentions tyranny and denies it is bone chilling. That people applauded and cheered during his speech chilled me. |
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Posted: 5/6/2013 7:25:41 AM EST
[#48]
The Community Leader of the FSA took one of America's 747 jumbo jets to Ohio to rally his troops. |
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Posted: 5/6/2013 7:32:47 AM EST
[#49]
Quoted:
The fact that he continues to call our govt a democracy is infuriating. The fact that he mentions tyranny and denies it is bone chilling. The audacity of his hope for continued progressivism should not be a surprise. It shouldn't be a surprise that young, niave graduates of a prestigious university share those dreams (afterall history is littered with the consequences of energetic, progressively idealistic youth when fostered by an equally suave leadership). Of course, it shouldn't be a surprise that the mainstream media continues to court his wares as well for similar ideological reasons. In short... nothing much surprises me anymore, except how completely unaware and placated the general public is. Our prior success as a nation has heralded unparalleled apathy and disinterest at the hand of heidonistic, instant self-gratification and disposable luxury. We're (collectively) getting the government we deserve. |
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Posted: 5/6/2013 7:48:24 AM EST
[#50]
Quoted:
My theoretical granddaughter to be born on the 4th of July 2015 ... ...Maybe gets out of college in 2037 - 2038 ... ? It probably would be a useful perspective to read Ray Kurzweil's book "The Singularity is Near" I doubt the opportunities and problems she will face in her life will be much like ours or even related to the inevitable collapse of the current unsustainable systems. |
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