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June 19, 2009 at 9:40 AM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417378June 19, 2009 at 9:40 AM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417613
Rt.66
ParticipantExcellent disection of “the list” TG.
Hatfield, I don’t know if I cherry picked or left anything out. Afterall, I included the link right at the top and encouraged people to “go take a look at http://theautomaticearth.blogspot.com/20…” before including my snipet of the list. Good job finding those elusive zingers on the list.
Flu said:
“As far as 90% off of RE on the entire U.S…….If that really were to happen, RE would be the last thing on 99% of the people’s mind. In fact, a better option might be just to live in a different country.”Flu, good point. I think regardless of the actuall percentage of the drop we will know a bottom is close when “RE would be the last thing on 99% of the people’s mind” as an investment.
Let’s have a look at recent “List” news:
From MishStates most dependent on Personal Income Taxes
68.5% of Oregon’s Tax Revenue from PIT. Collections off 27.0%
57.2% of Massachusetts’ Tax Revenue from PIT. Collections off 28.5%
55.9% of New York’s Tax Revenue from PIT. Collections off 31.8%
47.5% of California’s’ Tax Revenue from PIT. Collections off 33.8%
52.4% of Connecticut’s Tax Revenue from PIT. Collections off 25.9%
52.7% of Colorado’s Tax Revenue from PIT. Collections off 25.4%Arizona’s collections were down a whopping 54.9% depending 25.3% on Personal Income Taxes. South Carolina, Michigan, Vermont, Rhode Island, New Jersey, Idaho, and Ohio are also in deep trouble.
20 states depending on personal incomes taxes for > 25% of total taxes were down 20% or more on collections.
This is a very grim report on state finances. http://globaleconomicanalysis.blogspot.com/search?updated-max=2009-06-18T11%3A16%3A00-05%3A00&max-results=3
——————Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
Given that the proportion of recipients who used up their jobless benefits topped a monstrous 49 percent, the continuing claims number going forward will be essentially meaningless. Indeed, the primary reason we set these records in the first place is that many states extended benefits.Looking ahead, expect the administration to highlight the huge drop in continuing claims as if it means something necessarily good. It doesn’t. The drop in continuing claims means more home foreclosures and credit card defaults are coming because 49% of those who were receiving benefits now have no money coming in at all. http://globaleconomicanalysis.blogspot.com/
———-And globally:
World hunger reaches the 1 billion people mark
By ALESSANDRA RIZZO – 1 hour agoROME (AP) — More than a billion people — a sixth of the world’s population — are now hungry, a historic high due largely to the global economic crisis and stubbornly high food prices, a U.N. agency said Friday.
Compared with last year, there are 100 million more people who are hungry, meaning they consume fewer than 1,800 calories a day, the Food and Agriculture Organization said. http://www.google.com/hostednews/ap/article/ALeqM5iOVOJrAbfKGbFx_EpjIORH3QAU0AD98TQM703
——————The 100 million added this year alone, talk about catastrophic:(
I bet if you work in state level tax collection this looks a lot like a depression. If you just got your last unemployment check (still no job), or if you are now going hungry the “list” is probably not so radical?
June 19, 2009 at 9:40 AM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417879ParticipantExcellent disection of “the list” TG.
Hatfield, I don’t know if I cherry picked or left anything out. Afterall, I included the link right at the top and encouraged people to “go take a look at http://theautomaticearth.blogspot.com/20…” before including my snipet of the list. Good job finding those elusive zingers on the list.
Flu said:
“As far as 90% off of RE on the entire U.S…….If that really were to happen, RE would be the last thing on 99% of the people’s mind. In fact, a better option might be just to live in a different country.”Flu, good point. I think regardless of the actuall percentage of the drop we will know a bottom is close when “RE would be the last thing on 99% of the people’s mind” as an investment.
Let’s have a look at recent “List” news:
From MishStates most dependent on Personal Income Taxes
68.5% of Oregon’s Tax Revenue from PIT. Collections off 27.0%
57.2% of Massachusetts’ Tax Revenue from PIT. Collections off 28.5%
55.9% of New York’s Tax Revenue from PIT. Collections off 31.8%
47.5% of California’s’ Tax Revenue from PIT. Collections off 33.8%
52.4% of Connecticut’s Tax Revenue from PIT. Collections off 25.9%
52.7% of Colorado’s Tax Revenue from PIT. Collections off 25.4%Arizona’s collections were down a whopping 54.9% depending 25.3% on Personal Income Taxes. South Carolina, Michigan, Vermont, Rhode Island, New Jersey, Idaho, and Ohio are also in deep trouble.
20 states depending on personal incomes taxes for > 25% of total taxes were down 20% or more on collections.
This is a very grim report on state finances. http://globaleconomicanalysis.blogspot.com/search?updated-max=2009-06-18T11%3A16%3A00-05%3A00&max-results=3
——————Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
Given that the proportion of recipients who used up their jobless benefits topped a monstrous 49 percent, the continuing claims number going forward will be essentially meaningless. Indeed, the primary reason we set these records in the first place is that many states extended benefits.Looking ahead, expect the administration to highlight the huge drop in continuing claims as if it means something necessarily good. It doesn’t. The drop in continuing claims means more home foreclosures and credit card defaults are coming because 49% of those who were receiving benefits now have no money coming in at all. http://globaleconomicanalysis.blogspot.com/
———-And globally:
World hunger reaches the 1 billion people mark
By ALESSANDRA RIZZO – 1 hour agoROME (AP) — More than a billion people — a sixth of the world’s population — are now hungry, a historic high due largely to the global economic crisis and stubbornly high food prices, a U.N. agency said Friday.
Compared with last year, there are 100 million more people who are hungry, meaning they consume fewer than 1,800 calories a day, the Food and Agriculture Organization said. http://www.google.com/hostednews/ap/article/ALeqM5iOVOJrAbfKGbFx_EpjIORH3QAU0AD98TQM703
——————The 100 million added this year alone, talk about catastrophic:(
I bet if you work in state level tax collection this looks a lot like a depression. If you just got your last unemployment check (still no job), or if you are now going hungry the “list” is probably not so radical?
June 19, 2009 at 9:40 AM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417942ParticipantExcellent disection of “the list” TG.
Hatfield, I don’t know if I cherry picked or left anything out. Afterall, I included the link right at the top and encouraged people to “go take a look at http://theautomaticearth.blogspot.com/20…” before including my snipet of the list. Good job finding those elusive zingers on the list.
Flu said:
“As far as 90% off of RE on the entire U.S…….If that really were to happen, RE would be the last thing on 99% of the people’s mind. In fact, a better option might be just to live in a different country.”Flu, good point. I think regardless of the actuall percentage of the drop we will know a bottom is close when “RE would be the last thing on 99% of the people’s mind” as an investment.
Let’s have a look at recent “List” news:
From MishStates most dependent on Personal Income Taxes
68.5% of Oregon’s Tax Revenue from PIT. Collections off 27.0%
57.2% of Massachusetts’ Tax Revenue from PIT. Collections off 28.5%
55.9% of New York’s Tax Revenue from PIT. Collections off 31.8%
47.5% of California’s’ Tax Revenue from PIT. Collections off 33.8%
52.4% of Connecticut’s Tax Revenue from PIT. Collections off 25.9%
52.7% of Colorado’s Tax Revenue from PIT. Collections off 25.4%Arizona’s collections were down a whopping 54.9% depending 25.3% on Personal Income Taxes. South Carolina, Michigan, Vermont, Rhode Island, New Jersey, Idaho, and Ohio are also in deep trouble.
20 states depending on personal incomes taxes for > 25% of total taxes were down 20% or more on collections.
This is a very grim report on state finances. http://globaleconomicanalysis.blogspot.com/search?updated-max=2009-06-18T11%3A16%3A00-05%3A00&max-results=3
——————Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
Given that the proportion of recipients who used up their jobless benefits topped a monstrous 49 percent, the continuing claims number going forward will be essentially meaningless. Indeed, the primary reason we set these records in the first place is that many states extended benefits.Looking ahead, expect the administration to highlight the huge drop in continuing claims as if it means something necessarily good. It doesn’t. The drop in continuing claims means more home foreclosures and credit card defaults are coming because 49% of those who were receiving benefits now have no money coming in at all. http://globaleconomicanalysis.blogspot.com/
———-And globally:
World hunger reaches the 1 billion people mark
By ALESSANDRA RIZZO – 1 hour agoROME (AP) — More than a billion people — a sixth of the world’s population — are now hungry, a historic high due largely to the global economic crisis and stubbornly high food prices, a U.N. agency said Friday.
Compared with last year, there are 100 million more people who are hungry, meaning they consume fewer than 1,800 calories a day, the Food and Agriculture Organization said. http://www.google.com/hostednews/ap/article/ALeqM5iOVOJrAbfKGbFx_EpjIORH3QAU0AD98TQM703
——————The 100 million added this year alone, talk about catastrophic:(
I bet if you work in state level tax collection this looks a lot like a depression. If you just got your last unemployment check (still no job), or if you are now going hungry the “list” is probably not so radical?
June 19, 2009 at 9:40 AM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #418102ParticipantExcellent disection of “the list” TG.
Hatfield, I don’t know if I cherry picked or left anything out. Afterall, I included the link right at the top and encouraged people to “go take a look at http://theautomaticearth.blogspot.com/20…” before including my snipet of the list. Good job finding those elusive zingers on the list.
Flu said:
“As far as 90% off of RE on the entire U.S…….If that really were to happen, RE would be the last thing on 99% of the people’s mind. In fact, a better option might be just to live in a different country.”Flu, good point. I think regardless of the actuall percentage of the drop we will know a bottom is close when “RE would be the last thing on 99% of the people’s mind” as an investment.
Let’s have a look at recent “List” news:
From MishStates most dependent on Personal Income Taxes
68.5% of Oregon’s Tax Revenue from PIT. Collections off 27.0%
57.2% of Massachusetts’ Tax Revenue from PIT. Collections off 28.5%
55.9% of New York’s Tax Revenue from PIT. Collections off 31.8%
47.5% of California’s’ Tax Revenue from PIT. Collections off 33.8%
52.4% of Connecticut’s Tax Revenue from PIT. Collections off 25.9%
52.7% of Colorado’s Tax Revenue from PIT. Collections off 25.4%Arizona’s collections were down a whopping 54.9% depending 25.3% on Personal Income Taxes. South Carolina, Michigan, Vermont, Rhode Island, New Jersey, Idaho, and Ohio are also in deep trouble.
20 states depending on personal incomes taxes for > 25% of total taxes were down 20% or more on collections.
This is a very grim report on state finances. http://globaleconomicanalysis.blogspot.com/search?updated-max=2009-06-18T11%3A16%3A00-05%3A00&max-results=3
——————Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
Given that the proportion of recipients who used up their jobless benefits topped a monstrous 49 percent, the continuing claims number going forward will be essentially meaningless. Indeed, the primary reason we set these records in the first place is that many states extended benefits.Looking ahead, expect the administration to highlight the huge drop in continuing claims as if it means something necessarily good. It doesn’t. The drop in continuing claims means more home foreclosures and credit card defaults are coming because 49% of those who were receiving benefits now have no money coming in at all. http://globaleconomicanalysis.blogspot.com/
———-And globally:
World hunger reaches the 1 billion people mark
By ALESSANDRA RIZZO – 1 hour agoROME (AP) — More than a billion people — a sixth of the world’s population — are now hungry, a historic high due largely to the global economic crisis and stubbornly high food prices, a U.N. agency said Friday.
Compared with last year, there are 100 million more people who are hungry, meaning they consume fewer than 1,800 calories a day, the Food and Agriculture Organization said. http://www.google.com/hostednews/ap/article/ALeqM5iOVOJrAbfKGbFx_EpjIORH3QAU0AD98TQM703
——————The 100 million added this year alone, talk about catastrophic:(
I bet if you work in state level tax collection this looks a lot like a depression. If you just got your last unemployment check (still no job), or if you are now going hungry the “list” is probably not so radical?
ParticipantAs if on que for this thread we get:
Yahoo Finance is reporting Jobless benefit rolls post first dip since January.
The number of people receiving unemployment aid fell by 148,000 to 6.69 million in the week that ended June 6 — the largest drop in more than seven years. The decline broke a string of 21 straight increases in the number of people claiming benefits for more than a week, the last 19 of which were records. (A dip in continuing claims several weeks ago was later revised higher.)
On the surface, the government seemed to signal Thursday that more Americans are finding jobs: The number of people receiving unemployment aid fell for the first time since early January.
But that doesn’t necessarily mean more companies are hiring.
Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
ParticipantAs if on que for this thread we get:
Yahoo Finance is reporting Jobless benefit rolls post first dip since January.
The number of people receiving unemployment aid fell by 148,000 to 6.69 million in the week that ended June 6 — the largest drop in more than seven years. The decline broke a string of 21 straight increases in the number of people claiming benefits for more than a week, the last 19 of which were records. (A dip in continuing claims several weeks ago was later revised higher.)
On the surface, the government seemed to signal Thursday that more Americans are finding jobs: The number of people receiving unemployment aid fell for the first time since early January.
But that doesn’t necessarily mean more companies are hiring.
Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
ParticipantAs if on que for this thread we get:
Yahoo Finance is reporting Jobless benefit rolls post first dip since January.
The number of people receiving unemployment aid fell by 148,000 to 6.69 million in the week that ended June 6 — the largest drop in more than seven years. The decline broke a string of 21 straight increases in the number of people claiming benefits for more than a week, the last 19 of which were records. (A dip in continuing claims several weeks ago was later revised higher.)
On the surface, the government seemed to signal Thursday that more Americans are finding jobs: The number of people receiving unemployment aid fell for the first time since early January.
But that doesn’t necessarily mean more companies are hiring.
Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
ParticipantAs if on que for this thread we get:
Yahoo Finance is reporting Jobless benefit rolls post first dip since January.
The number of people receiving unemployment aid fell by 148,000 to 6.69 million in the week that ended June 6 — the largest drop in more than seven years. The decline broke a string of 21 straight increases in the number of people claiming benefits for more than a week, the last 19 of which were records. (A dip in continuing claims several weeks ago was later revised higher.)
On the surface, the government seemed to signal Thursday that more Americans are finding jobs: The number of people receiving unemployment aid fell for the first time since early January.
But that doesn’t necessarily mean more companies are hiring.
Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
ParticipantAs if on que for this thread we get:
Yahoo Finance is reporting Jobless benefit rolls post first dip since January.
The number of people receiving unemployment aid fell by 148,000 to 6.69 million in the week that ended June 6 — the largest drop in more than seven years. The decline broke a string of 21 straight increases in the number of people claiming benefits for more than a week, the last 19 of which were records. (A dip in continuing claims several weeks ago was later revised higher.)
On the surface, the government seemed to signal Thursday that more Americans are finding jobs: The number of people receiving unemployment aid fell for the first time since early January.
But that doesn’t necessarily mean more companies are hiring.
Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks. Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record.
June 18, 2009 at 9:07 PM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417283ParticipantI think its interesting that this has wondered to “how to treat hobos/homeless” (appropriate given the venue).
And WW2 (also appropriate)
————
Ok, its shooting fish in a barrell to pick out some of the zingers on the list and pooh-pooh them. This is obviously an uber-bear type list, digestable only by a small portion of the populace at the moment.
So……
Which ones do you think might actually happen?
And if they do come about…. how many of the others can be pushed closer to plausability?
That’s the thought process the list provoked in me.
June 18, 2009 at 9:07 PM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417518ParticipantI think its interesting that this has wondered to “how to treat hobos/homeless” (appropriate given the venue).
And WW2 (also appropriate)
————
Ok, its shooting fish in a barrell to pick out some of the zingers on the list and pooh-pooh them. This is obviously an uber-bear type list, digestable only by a small portion of the populace at the moment.
So……
Which ones do you think might actually happen?
And if they do come about…. how many of the others can be pushed closer to plausability?
That’s the thought process the list provoked in me.
June 18, 2009 at 9:07 PM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417783ParticipantI think its interesting that this has wondered to “how to treat hobos/homeless” (appropriate given the venue).
And WW2 (also appropriate)
————
Ok, its shooting fish in a barrell to pick out some of the zingers on the list and pooh-pooh them. This is obviously an uber-bear type list, digestable only by a small portion of the populace at the moment.
So……
Which ones do you think might actually happen?
And if they do come about…. how many of the others can be pushed closer to plausability?
That’s the thought process the list provoked in me.
June 18, 2009 at 9:07 PM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #417848ParticipantI think its interesting that this has wondered to “how to treat hobos/homeless” (appropriate given the venue).
And WW2 (also appropriate)
————
Ok, its shooting fish in a barrell to pick out some of the zingers on the list and pooh-pooh them. This is obviously an uber-bear type list, digestable only by a small portion of the populace at the moment.
So……
Which ones do you think might actually happen?
And if they do come about…. how many of the others can be pushed closer to plausability?
That’s the thought process the list provoked in me.
June 18, 2009 at 9:07 PM in reply to: WARNING if you are feverishly trying to “score” one of them REO deals, DON’T READ. #418008ParticipantI think its interesting that this has wondered to “how to treat hobos/homeless” (appropriate given the venue).
And WW2 (also appropriate)
————
Ok, its shooting fish in a barrell to pick out some of the zingers on the list and pooh-pooh them. This is obviously an uber-bear type list, digestable only by a small portion of the populace at the moment.
So……
Which ones do you think might actually happen?
And if they do come about…. how many of the others can be pushed closer to plausability?
That’s the thought process the list provoked in me.
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