It's a long way from 2019, let alone from the Reagan-Bush-Clinton-Bush era.
If 50.4% had a full-time job in April 2021, 6 million more people would be working full-time than do.
Friday, May 7, 2021
Thursday, May 6, 2021
Tuesday, May 4, 2021
The on-going housing bubble
I checked the value of my home on Zillow today.
It's nuts.
After 13 years the estimated price is up 6.5% per annum.
On the other hand, the house I previously owned and sold is up only 0.8% per annum over the same period.
Two entirely different houses, two entirely different locations, two completely different histories. What seems like a bubble living in my current house wouldn't seem like one living in my old one.
The best way I've found to think about this is to ask, How much of a house will my income buy? For bubble purposes nationally, even though housing is a regional and local matter, use median household income and median sales price.
Here's the chart of that data as currently available.
In 2020 the Median Sales Price of Houses Sold for the United States (MSPUS) averaged a new high of almost $337k. We don't yet have the median household income figure for 2020, but it's likely to be bad news, skewing the graph lower again as less income buys a smaller share of increasingly expensive housing.
As you can plainly see, the trend for the percentage of a house purchased by an income has been all downhill since the end of Reagan Bull in 2000. The percentage really fell a lot during the housing bubble which peaked in 2005-06, helping precipitate GFC1. Incomes fell a lot after the Great Financial Crisis because people lost their jobs by the millions and never got them back and so less income purchased less house. Housing prices bottomed in 2012 and then rebounded slowly. Incomes did not, however, and what you made just kept buying less in the low range of 19%.
That all sucked. Obama really sucked. Sucked historically bad. Record-setting bad.
You'll notice things really improved in 2019, however. That's because median household income shot up $5k to over $68k (Trump tax cuts), and the median sales price of a house actually fell $5k to $320k. Your higher income bought more of a slightly cheaper house, not as much as the good old days, but more.
Unfortunately in 2020 median sales price shot up almost $17k while millions upon millions lost their jobs. The feds enacted foreclosure forbearance so that 2.3 million homes whose owners lost their jobs never came onto the market. But desperate people who wanted out of cities snarfed up inventory. Demand far exceeded supply, so prices went up.
But even at 21.5% in 2019 housing was nowhere near affordable like it was from 1987-2001. It was a nice, hopeful moment, while it lasted.
I'm guessing it's going to be quite a while, though, before we ever see even that again.
Intersectionality means blacks never having to say sorry for calling NYC "Hymietown"
Don't let me down, Hymietown.
Monday, May 3, 2021
Probable deaths from COVID-19 globally might be 10 million, not 3.2 million?
This guy is doing a post-doc at Brown University.
He has a long thread on excess death estimates which support his conclusions.
Is this crazy?
The US CDC has put excess deaths from all causes in the US in 2020 at ~561k (bottom of the range, too). That's 0.17% of total US population of 331 million.
Global population is 7.8 billion, X 0.17% = 13.26 million.
But 13 million is probably an underestimate, probably by a lot.
If the rest of the world had health care available as in the US, 10-15 million excess deaths would actually be in the ballpark. The thing is that assumption obviously isn't warranted.
Population data gathering over the coming years is going to show huge deficits which researchers will realize cannot be explained but by pandemic deaths. India, for example, and to its credit, is underreporting COVID deaths because it insists on having actual COVID diagnosis. The funeral pyres for cremation in India are working round the clock, but those numbers don't jibe with officially reported COVID deaths in many jurisdictions, by large margins.
When the history of this thing gets written in ten years, the numbers are going to stagger.
Sunday, May 2, 2021
H1N1 suddenly appeared in 2009 and then basically went away all by itself: The vaccine rollout took too long, underdelivered, and flopped
There are no outbreaks of H1N1 at the scale of 2009 in the years following. It basically subsided by itself before the vaccine was ready, and when it was, people pretty much ignored it:
In the U.S., the Health and Human Services Department estimated in July 2009 that 120 million doses would be available by October. By late October, only 17 million doses had been shipped — and fewer than that had been administered. By the time vaccine was becoming available, infections had peaked and flu activity was declining sharply.
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COVID-19 in the largest countries by population: Update for Sun 5/2/21
Countries with 200 million population or more: China, India, United States, Indonesia, Pakistan, Brazil, Nigeria.
Data isn't available in all categories for all countries, and data quality varies dramatically.
One should assume figures in the Big Seven are more or less gross underestimations except in the USA.
China in particular is a JOKE. Why anyone takes them seriously as a "global partner" is beyond me. Show me an honest communist and I will give you six free winning lotto numbers.
Hospital reporting is the worst. Very few countries report the data at all, which tells you they are neither motivated nor equipped to do so even though this is a pretty serious situation which is over one year old. Given how important that data is in judging the progress and severity of the pandemic, it is more than discouraging. The top five for hospitalizations are all US and Europe, the difference between true civilization and the rest being that we know the numbers at all.
The situations in Brazil and especially India are alarming given the high positivity rate in India and the high death rate in Brazil. Reports concentrating on India underreporting deaths (from Reuters and the like) in recent weeks are a sick joke compared with neighboring China which the charts say is a COVID utopia. India is a developing nation struggling to cope under an enormous strain while still remaining part of the free world, but journalists would rather criticize it than question China's glaring effrontery. The myopia is damning.
These Big Seven represent 4.065 billion of the world's population of 7.79 billion, 52.2%, and we don't have a clear picture of what's really going on with them.
What reason would there be to think positively?
Daily new cases, and deaths, per million in the US are still at last summer levels and have not made new lows. Same with hospitalizations. Case positivity is rising again and is actually at 5.8%, provisionally, in this data. Previous very recent levels in the 7s, however, have simply vanished from the record. Why? Johns Hopkins is currently showing 4%. What to believe?
Vaccinations still can't be pointed to for lowering the US numbers because the numbers remain too high. I'm sure they'll point to them once they decline as evidence for vaccine efficacy. Seasonality will be ignored. I will leave a vaccination horror story update for a separate, future post.
Why have cases and deaths and hospitalizations ebbed and flowed in the past in the absence of vaccines? I predict they'll never really say, same as we hear no good explanation for why H1N1 from 2009 simply dropped off the radar. Why did it go away despite the vaccine against it turning into a giant flop?
They can't predict pandemics' comings and goings anymore than they can predict global cooling in the 1970s, global warming in the 2000s, the Great Financial Crisis of 2008 or the end of the Reagan Bull in 2000.
Man is a worm, according to the Bible, a poor player upon the stage, according to Shakespeare, an idiot whose tale is full of sound and fury, signifying nothing.
Nothing!
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| case positivity rate |
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| share of population vaccinated usa v world |
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| Top five countries for C19 hospitalizations |
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LOL, SpaceX Crew-1 Commander Mike Hopkins, first out, didn't need no stinkin' ramp to exit Dragon, did a little dance too afterwards
Second out, pilot Victor Glover, on the other hand . . ..
Well, it was Glover's first spaceflight.
SpaceX cut away before Glover got all the way out and didn't show the egress of the two others.
Watching the whole thing, one sees the SpaceX team install the ramp for Hopkins, but when he exits suddenly it's not there. Then they reinstall the ramp for Glover.
Listening to the color commentary, the narrators had indicated we would not see egress by any of the crew members but then you do.
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| Hopkins no ramp |
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| Glover, ramp and stretcher |
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| Glover, ramp and stretcher |
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| Glover ramp, stretcher close by |
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| Glover ramp, feed cuts away |
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| Glover ramp |
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| Hopkins no ramp, no stretcher |
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| Hopkins no ramp, no stretcher |
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| Hopkins, fist pumps, dances, walks away |
Cool visuals of SpaceX Dragon nighttime splashdown 11:56pm off Panama City, Florida Saturday, May 1, 2021
Time from undock from ISS to splashdown was fewer than seven hours.
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Saturday, May 1, 2021
Racist FDA is going to ban menthol cigarettes
I never thought I'd admit that there is, in fact, systemic racism in America, but there it is.
What's next, fried chicken and watermelon?
Ain't it great to be a Democrat?
Ann Coulter's best tweet ever
"America is an idea, not a place, not a people" is the BIG LIE mantra of neo-conservatism and libertarianism.
If that's true, one should be able to explain it, write it down, teach it, and put it into practice successfully anywhere. No need to come here for it.
And of course it isn't just an idea. Millions come here and never come to learn it anymore. Millions more aren't taught it in school anymore, and don't see it in practice at home anymore.
That's why the country is a mess.
A famous Italian-American once had it figured out, as I, a German-American, once had it figured out. He starts in, in earnest, at about minute ten:
Ice-Out in Nenana Alaska happened and I didn't even realize it
When I checked the Nenana Ice Cam yesterday the Tripod was still standing on the ice, but I didn't realize the event was already over.
It seems the ice broke up just enough to allow the Tripod to move a short distance to trip the clock in the tower it is attached to by a long cable.
The hitch was most of the ice was still in the river, and the Tripod evidently flowed upstream only just a little, which is to the right on the screen, and very odd. Normally it flows downstream, obviously.
I should have realized something was up because the flag rope was down, lying on the ice.
When I checked a few hours later the Tripod was gone and the water was flowing and I realized I had missed it as the ice cam page had the message:
THE ICE OFFICIALLY BROKE AND THE CLOCK STOPPED ON APRIL 30TH, 2021 AT 12:50 PM AST. THE 2021 JACKPOT IS $233,591.00
Should have looked for that message the first time.
The Washington Times had the story here.
So add another Ice-Out to the period April 30-May 7 when the vast majority of them have occurred anyway since 1917. The National Weather Service pretty much nailed it predicting April 29-May 5.
Hard to go wrong with that in any year, to be honest.
Tuesday, April 27, 2021
In the just 5 months since Joe Biden won the mail-in vote, the purchasing power of the dollar has already declined by 1.56%
The Great War, depression, gold confiscation, dollar devaluation, fiat money, More War, and inflationary monetary policy all have done a real number on the dollar long before this, so it's understandable if no one really notices anymore.
We're witnessing a seemingly infinite division in a race to the bottom.
That Obama guy did an outstanding job of screwing up health insurance, and raising the price of hamburger, and Biden isn't far behind him
Hamburger in this data series averages $4.04/lb in March 2021.
Sunday, April 25, 2021
141 pages of vaccine horror stories
https://drive.google.com/file/d/1uS4krGJX-7sa8fuRlH7mhod-Xa5ZBsXU/view
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