Friday, January 10, 2020

Please God, make it stop: First Soleimani, a week later Marianne Williamson


Ah, Pelosi delayed sending the impeachment to the Senate to rig Iowa for Joe Biden

Senators Pocahonky and Bernie Stalin gonna be conspicuously absent from either Iowa or Senate because Speaker of the House spun her evil web.





Fake stock market: Rock bottom interest rates keep zombie companies in cash, 40% of public stocks


Under Trump the big jobs growth has been for 55s and over

Importing cheap labor immigrants only hurts young Americans who need work experience. Older Americans are actually working longer to support their kids who can't get adequate employment.

This is insane.

Employment levels since Trump election in November 2016 through December 2019, seasonally adjusted:

55+:    +8.9%
25-54: +3.4%
20-24: +0.4%
18-19:  -0.2%

Actual increases in levels: 

55+:    +3,086,000
25-54: +3,335,000
20-24:      +55,000
18-19:         -7,000 

Fake jobs boom: Core working age employment in 2019 finally and just barely overcame the average level from 2007

Up just 0.53% after 12 years. 

Fake jobs boom: After 8 slow years of full time jobs recovery we're STILL not back to where Reagan got us in 4 years

Full time jobs are the sine qua non for family formation, births, homeownership, car sales, durable goods orders, retail, tax revenue and good schools.

You wanna know why all that sucks? Joe Biden's THREE LETTER WORD, J.O.B.S., right here:






OK pervert: Blowback over alt-right opposition to Soleimani killing makes leader worry he is repulsive to red state normies


Democrats' URGENT impeachment of Donald Trump on December 18th would take 1 minute 37 seconds to walk over from the House to the Senate, but here we are 23 days later


Thursday, January 9, 2020

Gay men shouldn't be allowed to say "tit"


Housing update: Case Shiller National Home Price Index hit 212 in October 2019, 51% above 140

The Case Shiller National Home Price Index hit 212 in October 2019, 51% above 140. The full data at the new iteration of the index since February 2018 is behind a registration wall. 

The 140 level was the level around which the index tracked for most of the post-war until the year 2000, in a range between 120 and 160.

Since then it's been as high as 235 in 2005 and 2006 during the housing bubble, and as low as 151 in February 2012 after the bubble sort-of popped. A real correction might have taken prices to 120 or even below.

Clearly the index never returned to the post-war experience, which was mostly slightly below 140. Keeping housing prices high became a Federal Reserve objective and bragging point after the Great Financial Crisis of 2008, achieved by manipulating interest rates lower.

The median sales price of an existing home in the US is currently $271,300 through November 2019, a price which is traditionally considered affordable to any individual making $104,346 per year and up. [The proprietary data has been removed from FRED and currently starts only from April 2024. Use MSPUS instead].

Seeing that's just 8.5% of individual wage earners in 2018, the median sales price of an existing home is currently UNAFFORDABLE to 91.5% of wage earners.

Most people have to put together two incomes to afford such a house. But in a country where the median wage is south of $33,000 per year in 2018, two incomes only gets you to $66,000, which affordably buys you a house worth about $171,600 or so, $100,000 less than the current median sales price.

In my immediate vicinity, there's exactly two such single family homes on the market right now which are affordable to a couple making $66,000. Everything else costs much, much more.

This is a picture of declining equal opportunity.

So far all the casualties in aborted World War III are in Iran at a funeral stampede and from an airliner shot down by mistake



Carfartt clothing lasts forever, too


If Ann Coulter really means it, we should invade Mexico, kill their leaders and convert them to libertarianism


Ann Coulter endorses the dumb libertarian hide-your-head-in-the-sand take on Iran

Oh look! A deer!

They're Muslims. Kill 'em all. Let God sort 'em out. Like you said in 2001.

What a shock: Former Obama voter says we should have voted for Hillary

Trump didn't destroy the Republican Party. He's shattered the right wing into 449,181 pieces.