[no_such_reality]

Interesting squeeze coming up for the housing market and population centers. I’m seeing a huge 0.5% split between conforming and jumbo.

How I have a choice, do I burn a rental down payment to push my primary to a conforming level?

[no_such_reality]

Free on Amazon Prime too. I’ll have to watch.

[no_such_reality]

Wall Street will stay jolly. The Gub’ment again confirmed that they are delusional narcissists that are unwilling to have the confrontation with their debt junkie constituency.

I’m partly bouyed by a ad-hoc poll on the LA Times on the fiscal cliff deal article. It’s showing 90% saying spending is the problem. That’s on the typical uber left LA Times readers.

The fiscal cliff itself was a gimme. It was taxes and a minimal $110 billion spending cut. Barely 2 cents on the dollar in cuts.

We shouldn’t worry about the cliff, we should worry about the tsunami, which is the 10% annual increases we are seeing in Medicare and Social Security.

Now, how to convert my income streams to cash and barter?

[no_such_reality]

Actually, banks currently aren’t marking to market.

Unless that’s changed, that was the dirty part of the bail-out. The banks got to pretend that their bad loans were good loans.

Efficiency in the foreclosure process, squeezing out the upside down delinquents will improve the economy, by driving the housing market to a real bottom.

Real bottom, real growth as the economy absorbs the housing then puts housing back into productive use and regains construction.

We do that at the expense of a bunch of artificial paper and people pretending that junk bond equivalent of a mortgage is AAA. And continuing to pretend that the squatter is a home owner.

No sustainable economic growth is possible to be built of the house of cards we have today.

[no_such_reality]

Basically, the market realized today that sequestration really will happen.

Even worse, they’ve realized that the Repubs are too stupid to put a trivial and essentially meaningless tax raise and spending cuts in front of the Democratic Senate who said it was dead on arrival.

[no_such_reality]

Just keep it simple.

Make the banks market to market on the delinquent loans.

Force them to foreclose or forgive the loan when it’s 180 days past due.

Problem solved as we liquidate all the pretenders, including several big bank.

[no_such_reality]

[quote=CA renter][quote=no_such_reality]CBO says expiring tax cuts is $4 Trillion over decade.

Let’s keep it simple and say it’s $400 billion. http://www.cbo.gov/sites/default/files/cbofiles/attachments/08-22-2012-Update_to_Outlook.pdf

Or let’s just look at CBO baseline revenue projection: $2.913T.

So $3.035T – $2.913T. So I’m short $120 Billion.

Fine increase cuts by 5%.

45% defense. 25%discretionary. Or would you like to quiblle over the $20Billion?

Of 40% defense and 30% discretionary. net $129 Billion gain to close the gap.

Or let’s really have fun, 50% defense, 30% discretionary, expire the tax cuts, payroll cuts and have enough to pay off the debt in 183 Years![/quote]

Just saw this thread, but wanted to say that you and I finally agree on something, nsr. :)[/quote]

I knew you’d come around. 🙂

[no_such_reality]

IMHO, it’s time to do anyway with the phrase “Mandatory” programs.

[no_such_reality]

Sounds like they claim they make it easier to collect now. http://oag.ca.gov/consumers/general/small

[no_such_reality]

I’m not sure where anybody is getting their info, but most of what I’ve seen shows all the quality of the following:

LA Times: Hair Stylist Remembers (shooter), I thought he couldn’t speak

Yep, critical analysis of the attacker from the hair cutter…

and as a nitpick, ‘as Morgan said’…

[no_such_reality]

Unfortunately, it may go much further than that. At 20, the attacker would have been part of the generation of boys that had the living ____ medicated out of them for basically, behaving like boys.

As a society, our range of acceptable behavior in public settings, such as school, has narrowed considerably. Fall outside the increasingly idealized behavior and you are stigmatized, labeled, segregated and likely forced into being medicated with mind altering drugs unless your parents fight like hell or lie.

[quote=Allan from Fallbrook][quote=livinincali][quote=CA renter]
I think it’s imperative that we look more closely at the evidence showing how violent video games and movies affect developing minds, and how technology is affecting people’s ability to empathize.
[/quote]

We got so close to actually getting to the real issue which is mental health problems and treatments. Then we had to blame violent video games. Blame the guns, blame the video games, blame the bullying, blame something other than the real issue which is we diagnosis our kids with mental issues and then medicate the hell out of them.

It’s time for people to be parents. It’s time for people to start accepting responsibility for their actions. It’s time to start teaching our kids that winning and losing aren’t the same thing. We think if a kid has a mental issue we can just pop a pill and it will all be alright. It takes more work than that unfortunately. Address the mental health issues and treatment programs. That’s where the real solution lies. Eliminate the guns and next mass murder is a 5 gallon can of gas or a car.[/quote]

Bingo. Excellent post and spot on.[/quote]

[no_such_reality]

Union thinking on concessions:

Hey, I know, new hires will not get the same pension plan. Yeah, that’s it, we’ll concede that we all keep our pension plan and new hires which won’t retire for 40 years, will get a different one.

Oh such a great sacrifice they are making. It’s an incredible victory for Governor Brown. The Unions have conceded on pensions.

The union concessions were smoke and mirrors.

Much like the prison guards claiming the employee pays 8% and buries another provision in another part of the contract that obligates the State to pay the employee portion.

That way the Union can claim the employees pay 8%!

Yea! another great Union concession!

[no_such_reality]

What did lower the body count?

Victoria Soto.

A posthumous,Presidential Medal of Freedom is in order, IMHO.

[no_such_reality]

[quote]
(a) Should certain firearms have no utility in civilan hands? ( We can do better job on defining them)
(b) Should we allow high capacity magazines?
(c) Should we allow sales over the internet?
(d) should there be waiting periods and background checks and mental health checks before you are allowed to buy certain firearms?
(e) Should we mandate locks where kids are in the house?
(f) Should there be electronic registry of certain firearms?
(g) Should we hold manufacturers and owners liable for bad conduct?
(h) Should we mandate certain design changes in firearms sold to civilians?
[/quote]

a) might slightly lower the body count
b) probably wouldn’t change the body count.
c) wouldn’t have changed the body count. Not material in the tragedy at hand.
d) wouldn’t have changed the body count. not a waiting period crime. California is already 10 days.
e) wouldn’t change the body count.
f) wouldn’t change the body count.
g) wouldn’t change the body count. might eventually make legally obtained weapons more rate.
h) might lower the body count.

[no_such_reality]

That’s the $2.913 Trillion.

And the $3.035 Trillion is the spending post cuts.

[Author]

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