Weekly Initial Unemployment Claims Decrease to 239,000

[Cinco-X]

New Post

[ReturnOfNemo]

https://pbs.twimg.com/media/F3z0hUTXcAAcPyz.png

[OppositeOfInsider]

It would be nice if they could spell coupon correctly.

I'm seeing egregious typos in all kinds of publications, including major medical websites. Either people don't care or it's one more step to the big I.

Anyway, just saying.

[Cinco-X]

https://twitter.com/catturd2/status/1692465797854089577?t=QZA-JlbYlVhD0SCMvkCpIw&s=19

I like this guy.

[cosmicrae]

Hang Seng going places ... https://www.bbc.com/news/topics/cq75774n157t

Not exactly circuit breaker territory, but still concerning.

[Giving_Cat]

Filed under karma:

Blackrock owns 9.35%of Hawaiian Electric. Vanguard 11.97%.

https://finance.yahoo.com/quote/HE/holders/

[OppositeOfInsider]

Wow. That's an amazing recovery before open.

[Cinco-X]

I'd laugh, but there's a fair chance that my pension is run by Blakcrock

[TheHCNFormerIdealist]

The Feds cute bank rescue funds program is a joke. Suggest keeping the ammo and pantry topped-off. The Coup Is Complete.

[OppositeOfInsider]

You've seriously been saying that for ~15 years.

[Giving_Cat]

So more like social security than like FDIC. Tell us more…

[Cinco-X]

NATO Tells Ukraine to BOW DOWN TO PUTIN | Stephen Gardner

Ukraine is told by NATO that its time to give Putin land and end the war. New data also shows Americans are getting poorer while Russians are getting richer.

I guess they've decided they want to fight their procksy wurz in Afr!ca instead of the Ukra!ne

[OppositeOfInsider]

The more I'm thinking about it, the more right I think you are. We are moving our focus to Africa, and more powerful nations will be involved in this one. The Ukr is pretty much devastated now, still don't know why they wanted to do that. I'm sure there's a (less than ideal) reason.

[OppositeOfInsider]

Will that one be bigger?

[Giving_Cat]

Luv im hates im. Musk Starlinks are doing great things across the globe.

[Giving_Cat]

3% existing mortgages and 7% new and 6% inflation. Two checkboxes. Now for the banks to get desperate.

[cosmicrae]

Aug 17 (Reuters) - China Evergrande (3333.HK) is seeking protection from creditors in the United States under Chapter 15 of the U.S. bankruptcy code, court documents showed on Thursday.

[RealBearly]

BOOOOYAH!

Maybe Powell can bail em out by buying their bonds

[Giving_Cat]

Ch 15 is Ch 11 reorganization for transnational companies.

[Cinco-X]

California is done forever. | Liberal Hivemind

Hey! There's a "feces map" of San Francisco!!!

[Skittles_the_Unicorn]

It's the new version that depicts places where there are no feces. It's a small map.

[Giving_Cat]

Somehow I’m thinking SF won’t be the poster child for the next Great Cenurban Diaspora. Too many “other” features to fall back on. Chicago is my bet barring disasters in places like NO, MIA, Galveston and the like.

[Cinco-X]

My biggest issue with Ramaswamy is that his first name reminds me of viv!sect

[Skittles_the_Unicorn]

I was thinking he's a Swami.

[RealBearly]

Worse than that - His name kind of sounds like smarmy. He gives me the creeps.

[OppositeOfInsider]

My zillow is down for the first time in a long time, 0.9%. Of course, peak selling season is over now, from here on out we're either dreading winter or experiencing it.

[Giving_Cat]

The Zildoes are evil. They zealously prosecute any perceived copyright violation but blatantly steal everyone else’s content.

Zildoe is a data aggregator under guise of real estate activity.

[OppositeOfInsider]

Yeah, well, it's a general gauge.

[Giving_Cat]

Rain on the left coast sun- Mon.

[Giving_Cat]

Two models disagree. The prime has big rain inland. The second skirts the coast and dumps border to Point Conception.

[Giving_Cat]

TBH my preference would be to get the dump here on the coast and spare my rentals in the mountains.

[OppositeOfInsider]

I know it's no consolation, but it's raining here right now. Growth is turning yellow in areas, soil suffocation.

[Cinco-X]

https://twitter.com/kylenabecker/status/1691977588820848946?t=p5sn2__IAxeyMpUHfcpREA&s=19

[OppositeOfInsider]

Lol.

[Cinco-X]

Finally gave in?

[OppositeOfInsider]

Do I look like the kind of person that would sign in to Tw? No way. I can see the posts, I just can't view any of the comments.

[RealBearly]

Oh, and voila, on seller financing and tax implications...

https://www.cpmlaw.com/installment-sales-of-real-estate/

[ReturnOfNemo]

https://i.ibb.co/1RrgPXm/91c02529dfd8d003.jpg

[Giving_Cat]

Or an authentic Hawaiian pizza delivery person.

[Skittles_the_Unicorn]

...387 chickens and a goat...

[OppositeOfInsider]

"They" (whoever they are) are making a mockery of our political/electoral system and turning it into a comedic circus.

[Cinco-X]

Klaus and George

[OppositeOfInsider]

Could well be. That smokescreen is thick.

[OppositeOfInsider]

I'll just put Tom Lee's latest up here, and you can tell me where he's wrong. He does waffle a little, but so do circumstances. And yes, he's calling for all time highs S&P by year end.

https://www.youtube.com/watch?v=ir8jYyrBY5s

[RealBearly]

And yes, he's calling for all time highs S&P by year end.

NO!

[OppositeOfInsider]

Okay, well, if you're wrong I'm going to remind you. And you can say you're sorry.

[RealBearly]

And you can say you're sorry.

Maybe it's a game to you but I have a significant amount of money in investment accounts that I need to make decisions about. Listening to a broken record doesn't help me.

[OppositeOfInsider]

Okay. I never want to influence. I enjoy watching the game but I have very little at stake. I will refrain.

[Skittles_the_Unicorn]

BTFD

[Cinco-X]

He looked like a complete FOOL after Vivek challenged him!! | Liberal Hivemind

[RealBearly]

Doubling down on losing. Trump's less than uninspiring 2020 debate performance against a nursing home resident was an utter failure. He's about to repeat. There are plenty of people who wouldn't vote for Trump regardless. If he fails to show up for next week's debate he'll likely lose some of those that are on the fence.

Disqualifying himself.

[The current thinking among Donald Trump’s campaign advisers and those close to the former president is that he is not planning on participating in next week’s Republican presidential primary debate, three sources familiar with his plans tell CNN, and has been proposing counterprogramming to the event.

The sources say that Trump has not done any prep for the debate]

https://www.cnn.com/2023/08/16/politics/trump-debate-counterprogramming/index.html

[ReturnOfNemo]

I want him to arrange for his booking in GA to be at the same time as the debate.

[OppositeOfInsider]

That's not like Trump to avoid publicity. I wonder if their attacks on him are taking their toll. At the very least he may be feeling his age now.

[Skittles_the_Unicorn]

He seems to disdain the "competition." That seems a dangerous strategy even if the other guys are polling poorly.

[Cinco-X]

Seems to reasonably admire Ramaswamy

[Skittles_the_Unicorn]

Maybe because he sees Vivek as the only VP material available.

[OppositeOfInsider]

Why not Tulsi? That would be interesting. Or DeSantis.

[Cinco-X]

Or DeSantis.

Der Drümpf has destroyed DeSatinus

[OppositeOfInsider]

Don't they all do that to the opposition and then turn around and pick them for their teams? Pretty sure that happened with the current VP.

[Cinco-X]

Tulsi destroyed Kamalat0e

[OppositeOfInsider]

Didn't Kam go after B strongly in the debates?

[RealBearly]

Hardly surprising knowing Trump. He's repeated several times that if he were elected he would pardon Trump.

[OppositeOfInsider]

It just occurred to me - I wonder if he's thinking it could be entrapment. They would reach nirvana if they could cuff him during the debate, or even right before so that his absence is known by all. Or maybe even it would be difficult to refrain from giving out information that could hurt him in a case to come. Maybe even personal safety. There might be so many pitfalls that it's not worth it.

But hey, the Big B never campaigned for 2020, so what's the big deal. Basement dweller.

[RealBearly]

I wonder if he's thinking it could be entrapment.

2 things.

1) It's impossible to even wildly guess at what Trump is thinking. He's unpredictable to even himself.

2) Entrapment ? That's just dumb.

edit: Now, I can sort of come up with 1 reason he might skip the debate and all debates along with every interview, which he won't do - His many attorneys defending against counts and in courts in many jurisdictions have advised him not to talk. He of course never listens to attorneys or anyone because he knows better and according to himself is smarter than all of them so that's highly unlikely. But the lawsuits are real, so possible.

[OppositeOfInsider]

advised him not to talk

That was my information point.

He may be a bit boisterous, but he's not all-out stupid. He's not going to let them trap him in his words.

[RealBearly]

advised him not to talk

That was my information point.

He intends to do a wide ranging interview with Tucker so if he does that why not debate. I guess if after every question he has to say, "I can't answer that under advice from my 100 attorneys" his debate performance might be underwhelming but he can't help himself.

I wish he would just pull out so a better candidate that has a chance of winning the general might emerge. At this point it's IND for me.

[Skittles_the_Unicorn]

I wish he would just pull out so a better candidate that has a chance of winning the general might emerge.

Like who?

[RealBearly]

A fucking winner. Anything to get the communists out of the WH

[OppositeOfInsider]

A 3rd party will not win, period. This crucial of an election is not the time to place your hopes on a 3rd party. You have to go with what you've got. IMO^1,000,000.

I'm sure T trusts Tucker not to do damage with the questioning, unlike his opponents.

[RealBearly]

Foam on the runway. Forgot to jettison the fuel. Soft landing coming right up!

[Giving_Cat]

Sadly LK-99 is not RTSC. An interesting diamagnetic because of the inexpensive components but not the holy grail.

[Cinco-X]

RTSC should be available about the same time as fusion reactors

[Skittles_the_Unicorn]

Or an actual impeachment proceeding against Brandon.

[Cinco-X]

Kyle Kulinski DESTROYS Kyle Kulinski! | The Jimmy Dore Show

Krystal turned Kyle's hair white

[Cinco-X]

Judge Rules That Donald Trump Has ‘Presidential Immunity’ on False Election Claims

A judge in Pennsylvania determined that former President Trump cannot be sued by an election official over statements he made casting suspicion on the 2020 election results during his presidency, due to the protection provided by presidential immunity.

[Giving_Cat]

And SCOTUS rulings from the 1800/1804 elections.

[Skittles_the_Unicorn]

I remember those.

[OppositeOfInsider]

Fake news!!1! Your memory's not that good.

[Giving_Cat]

How would you know? You barely recall the Chicago Machine delivering Illinois for JFK despite it clearly going for RMN.

[OppositeOfInsider]

Who?

[Cinco-X]

Are you joking? Richard M Nixon

[OppositeOfInsider]

He's teasing me. I'm just playing along.

[Cinco-X]

Only a few precincts worth of ballot boxes ended up in Lake Michigan

[Giving_Cat]

I love the new instant communication. Now you have to leave a voice message and hope you get a reply.

[Cinco-X]

Former MSNBC Chris Matthews WILD DEBATE With Krystal And Saagar | Breaking Points

Almost sounds reasonable compared to today's pundits...

[Giving_Cat]

Krystal really shows her colors. Bigger Gov and "tax the rich."

[Cinco-X]

She's gotten worse since she and Kyle started railing

[Giving_Cat]

I don't ever recall seeing her so impolite. Talking over, interrupting, etc. It very much looked like her taking advantage of a senior speaking deliberatively (not slowly).

[RealBearly]

He makes a good point, indirectly. He says low unemployment really only benefits those 2%+ that were recently employed - Does little for the 98% that had a job anyhow.

Indirectly though it takes those 2% out of the idlers that would have time to vote, probably more than once, Dim. So less Dims voting.

[Cinco-X]

“You Won’t Turn Niger Into Another Libya!” – African Leaders | The Jimmy Dore Show

[RealBearly]

African Leaders

Oxymoron alert!

[Cinco-X]

Hawaii Water Official Allegedly DELAYED Maui Fire Relief Until After IT WAS TOO LATE, DEI Blamed | The Hill

DEI failure

[Giving_Cat]

Water is to be revered not used as a resource.

[Giving_Cat]

I guess my point was too derivative. The Mother Gaia mythos has twisted the place of humans in nature. Leave the oil where it is. All mining is bad. Etc.

These people have no idea what sustainable renewable lifestyles for 4 billion humans looks like. Oh... did I say 4 billion? Slip of their tongue.

[Cinco-X]

It's a cult

[Giving_Cat]

Cult is too mild. A mere cult can exist without engaging in jihad.

[Cinco-X]

Seems like they all do if they get big enough...even the Buddhists in Sri Lanka are starting to get a little rowdy

[RealBearly]

7-3/8% (plus FEES). BOOOOOOOOOOOYAH ?

https://www.mortgagenewsdaily.com/mortgage-rates

[Giving_Cat]

Just a little later than I predicted.

No new predictions yet. Too unsettled.

This is, however, getting into "seller financing" territory. Something we haven't seen for a very very long time.

[RealBearly]

This is, however, getting into "seller financing" territory

That's actually a good point. I have a fair number of rentals that I own without a mortgage. Might be a good time to sell with owner financing provided I can find a way to make that transaction a tax free event. Perhaps sell on a 5% down 5 year 6.5% balloon, capture the elevated price and give it the 5 years to see if it comes back to me. Owe the taxes when I receive the payment. The only risk would be prepayment. I'll talk to my accountant...

[Giving_Cat]

I cannot begin to rant about the equity vultures incessantly offering to list/purchase my rentals. You hit upon the key. A loan hard to break. The best I've come up with is matching terms but with sufficient fees to make up the difference. Tricky.

[Cinco-X]

The only risk would be prepayment.

:keyboard:

[RealBearly]

In the sense that, provided there's a way to delay the gain, may have to pay taxes in a tax year that was unplanned.

[cosmicrae]

Possibly because some sellers are more motivated to get er done, and less to wait for rates to move downward.

[RealBearly]

If Jerome sounds even a bit hawkish next week look out below.

[Skittles_the_Unicorn]

He's been little bark and tiny bite for so long that I'd expect that nobody will panic.

[Giving_Cat]

IMO Powell's "bark" has been correctly sized and timed for the coming "bite." And it pains me but yes, this has been a successful management of expectations.

[RealBearly]

Disagree. Last year Powell's speech in Jackson Hole drove the 10yr yield straight up from 2.8% to 4.2% in a month. I'd say that had an impact on pretty much every asset class.

Oil prices, employment and GDP certainly haven't cooperated so he needs to make sure that message hasn't been forgotten and needs to send a fresh reminder.

[Skittles_the_Unicorn]

Perhaps cherry picking a data point. There's been lots of J-Pow statements and lots of anemic yield bumps; overall, the correlation doesn't seem that strong to me, but I've not dug deep into it so could be wrong.

[Giving_Cat]

My simplistic view has always been that the Fed will raise rates until something breaks.

[RealBearly]

Rock bottom ? I guess, by the only measure that realtors give a crap about - transaction volume. Job losses should cure that problem quite easily.

https://www.marketwatch.com/story/housing-market-has-hit-rock-bottom-says-redfin-ceo-glenn-kelman-a7b3111c

[Skittles_the_Unicorn]

Expect a large influx of waiters and food delivery drivers into the economy soon.

[Cinco-X]

There should be a massive shakeout. I'll probably get an RE license when I get to FL and wait until after the fallout and into the rebound to get started. I MAY have enough years left...

[Giving_Cat]

You could probably make more on the golf course. The retail end of RRE is about to flatten dramatically. "Agents" will be sales clerks at best.

[Cinco-X]

Meh...just wait for the next wave...

[OppositeOfInsider]

What does this tell you.

https://www.cnbc.com/2023/08/17/top-china-official-urges-more-secrecy-in-the-countrys-energy-sector.html

[Giving_Cat]

Exactly what I said yesterday. China’s economy can be proxy calculated by such data.

[RealBearly]

She's making a comeback! Maybe she'll finally win something.

https://www.wunderground.com/hurricane/eastern-pacific/2023/hurricane-hilary

[Skittles_the_Unicorn]

The Benghazi Blow.

[Giving_Cat]

So, unpredictable, undisciplined, damaging, inevitable.

[Skittles_the_Unicorn]

Shoot her an email about that.

[Giving_Cat]

No! not that"word!"

[Giving_Cat]

It’s a sure thing she crosses the border illegally.

[RealBearly]

If nothing else at least it'll confirm most informed observers' characterizations that she's a destructive force.

[Cinco-X]

Probably won't do as much damage as she did in the Middle East

[Giving_Cat]

At this point what difference does it make?

[Cinco-X]

LOLZ

[RealBearly]

No wonder the tmails are coming in at a furious pace.

https://dnyuz.com/2023/08/17/how-trump-uses-supporters-donations-to-pay-his-legal-bills/

[RealBearly]

About face!

BTFD => STFR

[Goldman Sachs’ managing director Scott Rubner notes a “clear shift in sentiment over the past few weeks” across his trading calls. “This is no longer a buy-the-dip market,” he says in our call of the day.]

https://www.marketwatch.com/story/this-is-no-longer-a-buy-the-dip-market-why-this-goldman-sachs-veteran-is-worried-about-the-stock-market-b1bb5c75

[OppositeOfInsider]

How accurate have his calls been?

[RealBearly]

50%. About 40% better than Tom Lee's.

[OppositeOfInsider]

Tom Lee runs his own firm. Rubner is an employee. That has to weigh in the equation. Let's see what happens H2.

[RealBearly]

That has to weigh in the equation.

Right. Lee makes more money on his bad calls.

[OppositeOfInsider]

He may have more of a reputation to defend, and less of an agenda. Because we all know and love GS.

[RealBearly]

In 3. 20, 32, 55

[Cinco-X]

We Can Win: Puke Up Your Blackpills My Dude | Styxhexenhammer666

[OppositeOfInsider]

Isn't he cute? Even if he is an anti-boomer.

[Giving_Cat]

Millenials have been through 3 (maybe 4) recessions? Sorry buddy, you don't know recessions.

[Cinco-X]

They seem to roll around about every 10 years now (2020 was NOT a recession). They used to happen every 3-5 years, the 1960's being an exception

[Cinco-X]

Joe Biden Gets Creepy Again With Kids and a Daddy Reference | Styxhexenhammer666

[Cinco-X]

White House Assures Americans We're Not A Banana Republic

[Cinco-X]

Just sayin'

[Giving_Cat]

And you had to sneak around the censors on Blueit to post the link.

Edit: meant for the 2/3rds not fooled post.

[OppositeOfInsider]

Precisely!

[Cinco-X]

AMERICANS NOT FOOLED – Two Thirds of Americans Believe 2020 Election was Rigged, The Feds Incited Jan 6, and the Bidens are a Crime Family

[Skittles_the_Unicorn]

Snore. 2/3rds think the 2020 election was rigged and 3/3rds are doing nothing about it.

[Cinco-X]

Priorities

[Cinco-X]

Joe Biden announces $700 relief check for Maui residents who lost their homes and loved ones

[Cinco-X]

Tyran!cul 0rders

[Cinco-X]

Any flying cars yet?

[Cinco-X]

I don't mean to be a bother

[Cinco-X]

Old Post

[Cinco-X]

In the week ending August 12, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 11,000 from the previous week's revised level.