We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Our Recent Essays Behind the Front Page
Saturday, October 26. 2013
Olmstead would love that job
Wells Fargo Study: 37 Percent of Middle-Class Americans Say They Never Will Retire
Nothing wrong with that. What else are you gonna do? Drink? Play golf? Surf the net? Do errands all day? Be a useless member of the tribe? The Braves leave the useless ones behind...
The Blue Government Model Needs Wall Street to Survive
Quotation of the day on ethanol – one of the great political boondoggles of our time, and it’s dangerous and delusional
Arrival of Obamacare forcing insurers to drop customers with low coverage
Number of Americans Who Receive Government Benefits Outnumber Those With Full-Time Jobs
"Lack of credit history should not be considered a factor."
Oh, boy. Here we go again. Dodd-Frank wants a rerun.
Jewelry Store Owner in Wheelchair Shoots Burglar
Tracked: Oct 27, 09:04
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RE Detroit: "...charging that it was a play to increase land values by buying a huge swath of acreage and taking it off the market. "I think it opens the gateway for other rich folks to come here to buy up land and essentially make themselves rich compounds," urban gardener Kate Devlin told The Huffington Post at the time."
I've seen this in my town as well. Comm organizers view property value increases as a violation of social and economic justice. that's how cancerous they are. they actively promote degradation.
Anyway, two factories near my house is being redeveloped adjacent to public housing. At meetings people ask what's in it for them and the developer cites new jobs at the hotel/businesses and removing blight. that's not what some want to hear. They want to extract freebie amenities and complain that the development will increase property values. The retrograde mindset calling itself "progressive" in Newspeak is disturbing to see in action.
Keep up the great work! Glad I found your blog!!
ps. Link Exchange??
re Detroit urban forest:
Anyone want to walk through a forest at night in Detroit? I am not sure driving through one would be a good idea.
The price tag was only marginally higher than the going rate for non-irrigated farm ground in my area.
If Detroit were ever to recover it could be a fantastic investment. OTOH, they are at the mercy of the tax man. Who knows what kind of value may be assessed on the properties after they are cleaned up and the trees are planted?
It is an interesting speculative play.
re Is A Major Correction Coming?
Zero Hedge has been calling the stock market rally a 'sucker's market' since the Dow bounced back to about 9000 after the crash.
When it hit 12000 I recall being shown graphs comparing previous stock rises with the conclusion being a crash was imminent.
The article also contains this tidbit, ""In fact, the market is just driving higher on what looks like sheer optimism of continued QE; and little else."
If that is the case and QE is driving the market higher, then why the cause for alarm?
I don't see how QE will end. Government spending will not come under control. As the link above attests. there are now more people collecting entitlements than working. We have truly reached the endgame. How do we pay for all the entitlements without printing money? If we do stop printing money, the interest rate the government has to pay will rise to unpayable levels.
Printing money is the path of least resistance for our ruling masters. They can spend all they want that way and blame the resulting inflation on 'greedy corporations". Indeed, the entire world is printing money at a furious pace. It gives the world a lot of money to chase stocks with and as has been noted in another link above, the blue model needs Wall St and healthy stock prices.
So which way will things break? Will we have a collapse in asset values here or will we turn our currency into Monopoly money first?
I wish I knew the answer.
I am not sure driving through one would be a good idea. Right. I would use an Apache, although a Cobra might suffice.
No cooking, very easy assembly recipe.
Chocolate Graham crackers split in two
A roll of Marzipan (in baking section of grocery store)
Pink frosting gel
"The middle is marzipan. I used one roll cut into 13 pieces and then warmed in the microwave for about 10 seconds. Roll each section into a ball, and then squish while molding it until you have a flat section for between the graham crackers and a bulging section that sticks out. “Glue” the marzipan to the graham crackers with some frosting and then use Pink Frosting gel for the nipple."
#2--Steve? Really? Not going there.
Detroit: Actually, what I got was the link at the top to How We Talk About Small Towns. Oh, that Sarah Palin dissing us big-city folks!
Unskeptical Students: Have been taught to be. Diversity of thought ist Verboten!
AlGore--Yup, Globull Worming all the way down. Is there NOTHING it can't do. Nope.
Mead's Blue Model: Lefties must have profits on which to feed while decrying them.
Sea Ice: Defying the climate models...means the models are wrong. Nooooooooo! That can't beeeeeeeee!
Jewelry Store--Guy needs a lower wheelchair.
Anybody miss the Gang of Z? Me, neither.
Is a major market correction coming? Absent a huge shock---like Israel attacks Iran, which could come in less than a month's time if Iran is as close to getting enough material to make its own bomb as the Israelis now claim, or exactly 1 year later than I once expected---but otherwise not until after the 2014 US elections, which is what I wrote in an earlier post on financial matters at MF. In the meantime, savers holding cash are being played for suckers as the value of the dollar gets diluted by the Federal Reserve's on-going efforts to ensure the Democrats take full control of the federal apparatus for the last two OFFICIAL years of Obama's reign. Which brings to mind: Help us, Obi-Wan Kenobi, you're our only hope....
I've been in the market since 1965. I know two things fer sure, fer sure: stocks go up; stocks go down.
I'll add a third known: playing the market is a fool's game.
Y'know some might be weebling because the tax man always loves to see property values rise. Then there's others who just know a hotel means crack heads and other social refuse (who they give at the office for) hanging around.
Something Meade didn't mention in his write up is many progressive causes are funded by wall streeters.
Otherwise, public employees have become parasites weakening their host instead of symbiotes providing work that benefits the host (e.g. the public health nurse running the TB clinic) and gets paid in return. Maybe they will learn but doubtful.
In this case it's people who live in the blighted housing adjacent to the sec 8 housing (because nobody wants to live next to it - ask a limo-lib to name the nearest public housing to their house).
Anyway, they are afraid rents and prop values will go up if the neighborhood improves so they have no enthusiasm for the new development and jobs
May 1942. "Southington, Connecticut. Monty's Diner." Next door to the Wigwam and Redmen's Club.
I don't know either, but my money is on a sudden collapse: not with a whimper but a bang. Something will trigger it, maybe just a rumor or computer trading gone wild. It will probbly tick up a couple times like a chicken with it's head cut off because the Fed and the administration are all in and will do whatever it takes to kick that can down the road one more time. But I'm just not sure the Fed can save us. I think most of Europe is a goner along with Japan and China. Ironically Russia will probably survive and a few arab states with lots of oil. Canada and Australia will do better then us but still suffer a recession/depression. It is possible that it will crash then come back a couple more times, you just can't tell how many more "kicks" are left in the can. But sooner or later it will all spiral down into the great reset.