Financial topics

[aedens]

watching it real time here on the dislocations and disconnects.

http://www.democracy-tree.com/michigan- ... education/

Blue and red here are unable to understand we are being wiped out and the political lockup is a tool to get past 2014. There are no accidents on politics and the west side districts took it in keyster as we say in these parts. The sharp divide is impossible to breach since both sides are the problem for decades and we all know it as we did what was needed to be done. Unless you watch and know how they poison the wells on budgeting and offsets this state is finished and both caused this.

10 percent of Michigan’s schools, and by an independent third party evaluation found it to be at 30 percent, with many more tipping that direction, as being caused by incompetence rather than fiscal inequalities and starvation, then perhaps it is time you make an appointment with any school district CFO in the state of Michigan and have a hardcore number-crunching session with them.

What they dismiss and have found this culmination of events is called looting.

As for our local current labor market recovery over one year, wait for it.... 0.44%
I could recap the last thirty years but some profanity would ensue.

[Higgenbotham]

From a June 4, 2013 article, just before the big interest rate spike started having its effect.

"We know a lot of our foreclosures are now getting swept up by these investors groups," said Daniel Keen, Vallejo city manager. "They'll go in, rehab and rent them, and there will be bona fide people who have a right to be there. Before, we were having problems with squatters."

Still, he added, "Whether it's a long-term great thing is a good question."

This is likely a transition phase before the authorities permanantly lose control of the properties. This man is obviously well aware of that reality.

Janet Kennedy, a housing consultant for Antioch, a town devastated by the foreclosure crisis, said: "Ideally, homes would be owner-occupied, but (investors) are stabilizing the neighborhoods by putting families back in homes. Empty property in a neighborhood impacts everyone. We had huge issues with unoccupied homes that were vandalized and had squatters moving in."

Temporarily stabilized, more than likely.

Gregor Watson was an early player in Bay Area single-family home rentals. He started buying in 2009 when foreclosed homes in Antioch, Pittsburg and Bay Point could be bought for as little as $100,000.

His San Francisco-based 643 Capital Management, previously backed by hedge fund Och-Ziff Capital Management, now owns and rents out about 400 homes in Alameda, Contra Costa and Solano counties, plus 600 more in Florida, Nevada, Texas and other parts of California.

But underscoring how rapidly a trend can turn, he's moving on to a new business model locally.

"The Bay Area has reached an inflection point where we feel it is a better opportunity to build new houses as opposed to buying foreclosed houses," he said. "We're in the early planning stages of developing single-family homes. We see a real opportunity to provide new products to buyers who want to take advantage of the cheap mortgage rates."

Whoops, he got all those new homes started and then interest rates spiked. Now he won't be able to get them sold. More places to squat. And Ben is in a panic.

http://www.sfchronicle.com/realestate/a ... 569232.php

This article highlights another aspect of the problem - it's all being done on borrowed money. Are these loans at fixed rates? Very unlikely.

http://www.americanbanker.com/syndicati ... 551-1.html

[aedens]

We are in our second phase here Higg as we speak. Our district has taken a few proactive steps but it cannot deny reality.
I will look at some numbers but will convey a sideways churn as before is better than rope burn as we discussed.
I am not referring to the dullards in Detroit.

[Higgenbotham]

http://www.justice.gov/opa/pr/2013/July/13-crm-848.html

When you see stuff like this being highlighted, then you know they've got a problem. The ABT is offering a form of employment that is growing, as it did when the Soviet Union collapsed. "Over time, the ABT expanded its criminal enterprise to include illegal activities for profit...one of 36 defendants charged. "

I will look at some numbers but will convey a sideways churn as before is better than rope burn as we discussed.

The collapse is past due so it can happen at any time. I expect it to be sudden, shocking, and violent. It has been artificially held off too long to be anything but in my opinion. The stock market may not give advance warning, and collapse at the same time as the rest of it. Like you said, slowly at first, then all at once. It's been a slow and steady 30 to 40 years of decline. The natives are getting restless and fearful. Fear is a great motivator. "Four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and a vanishing American Dream. Hardship is particularly on the rise among whites, based on several measures." Ah, well, there's always the AB gang to turn to. No worries.

http://bigstory.ap.org/article/exclusiv ... -no-work-0

[aedens]

Sources told the local Fox affiliate that the cops were tracking down the people who robbed the daughter of the other sergeant — a 17-year vet with the St. Clair Shores Police Department.
“This is a situation where there’s more to it than what meets the eye or what’s being reported,” Todd Flood, a lawyer who represents the younger sergeant, told the news station.
“These are two highly decorated police officers. They’re not rogue cops. They’re not cops out on the street trying to take down innocent people.”
Read more: http://www.nydailynews.com/news/nationa ... z2aZypOejT On my watch they walk, its called street justice and lucky not a stray dog report....

Majority that walk by stare at the Obama phone since looking for work is pointless. As we noted the labor market increased 0.44%
and could not afford the gas to even go pick fruit like we did as kids for pocket money.

The attitude now is so blatant as only stupid people work when you ask them since they would lose aid and cannot risk it.

This State is finished.... https://duckduckgo.com/?q=student%20transportation opened a long position
http://www.ridestbus.com/distrohistory.cfm
http://www.prweb.com/releases/2013/7/prweb10914737.htm

https://www.youtube.com/watch?v=10miTUnHmwg

http://www.youtube.com/watch?v=YauM5dHL ... e&t=11m38s

[Higgenbotham]

Interesting article worth OCRing and pasting in full, Higgie:

I'm noticing some resemblance to the 1930 rebound top after the 1929 crash. If so, the market is as high as it will get. The 9 bars between the (first two) red lines are approximately the same pattern as the last 9 bars on the S&P 500. This is probably the type of pattern Morrow would be looking for.

A few months ago I had mentioned that the time between the tops of the Tulip Mania and the South Sea Bubble was 83.5 years. I had thought that ideally this top would be 83.5 years from the 1929 top, or March 2013. Chris Carolan once mentioned that he thought the ideal location of the roaring 20's top would have been the Spring of 1930, I think based on the 29 year cycle from 1901. Not sure about that but it seems to stick in my mind based on an interview on Wall Street Uncut. Anyway, the market is making a similar pattern to the 1930 top 83.25 years from the that top.

DJI_1930.gif (51.15 KiB) Viewed 2885 times

DAILY.gif (65.92 KiB) Viewed 2884 times

[aedens]

http://www.youtube.com/watch?v=Jxq7hiHi1cE

emotes -- rivals -- sound familiar --- markers

[Higgenbotham]

I Am Fishhead - Are Corporate Leaders Psychopaths? (2011)

I'm positive of it. All we have to do is look at this latest real estate scam. The banks got together and loaned billions to Blackrock, et al, to buy tens of thousands of houses to put support under the market. Any group who would come up with a scam like that and/or think it would work has to be off their individual and collective rockers. Knowing that the government and the Federal Reserve were complicit makes it 10 times worse.

[aedens]

exactly

[Higgenbotham]

exactly

Except for one thing I was going to change. They knew it wouldn't work for the 99%. They knew it would put the market out of reach of prospective home owners. They knew it would increase rents and other costs and that would create a prohibitive strain on the working class and the economy. And they just didn't care how it might affect anyone but themselves. But they thought it might work for themelves so they did it anyway. That's how a psychopath operates. "The medical definition is simple: A psychopath is a person who lacks empathy and conscience, the quality which guides us when we choose between good and evil, moral or not. Most of us are conditioned to do good things. Psychopaths are not." There is only one thing that puts their evil behavior in check - and that is the threat of violence. And that is why it is my prediction that this will turn violent before it is done. Violence is the only thing that a psychopath understands. You cannot reason with a psychopath except when that reasoning involves something the equivalent of, "if you don't stop doing this to me I will smash your fucking head in with a hammer." That gets their attention. If you emote, squirm, etc., that will not work because a psychopath has no empathy and actually enjoys torturing people. Only normal people who have endured the torture of psychopaths for years on end can come to that inevitable conclusion. You cannot reason with a psychopath, period.