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"Analysis: The Final State of the Presidential Race"

He’ll, You Pieces of Garbage

The Future of Warfare -- No more martyrdom!

"Kamala’s Inane Talking Points"

"The Harris Campaign Is Testament to the Toxicity of Woke Politics"

Easy Drywall Patch

Israel Preparing NEW Iran Strike? Iran Vows “Unimaginable” Response | Watchman Newscast

In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind"

Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’

Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens

Presidential race: Is a Split Ticket the only Answer?

hurricanes and heat waves are Worse

'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic

Joe Rogan Experience #2219 - Donald Trump

IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons

Gallant: ‘After we strike in Iran,’ the world will understand all of our training

The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses

Six Al Jazeera journalists are Hamas, PIJ terrorists

Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general

Iran's Assassination Program in Europe: Europe Goes Back to Sleep

Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA.

Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report

Israel kills head of Hezbollah Intelligence.

Tenn. AG reveals ICE released thousands of ‘murderers and rapists’ from detention centers into US streets

Kamala Harris Touts Mass Amnesty Offering Fast-Tracked Citizenship to Nearly Every Illegal Alien in U.S.

Migration Crisis Fueled Rise in Tuberculosis Cases Study Finds

"They’re Going to Try to Kill Trump Again"

"Dems' Attempts at Power Grab Losing Their Grip"

"Restoring a ‘Great Moderation’ in Fiscal Policy"

"As attacks intensify, Trump becomes more popular"

Posting Articles Now Working Here

Another Test

Testing

Kamala Harris, reparations, and guaranteed income

Did Mudboy Slim finally kill this place?

"Why Young Americans Are Not Taught about Evil"

"New Rules For Radicals — How To Reinvent Kamala Harris"

"Harris’ problem: She’s a complete phony"

Hurricane Beryl strikes Bay City (TX)

Who Is ‘Destroying Democracy In Darkness?’

‘Kamalanomics’ is just ‘Bidenomics’ but dumber

Even The Washington Post Says Kamala's 'Price Control' Plan is 'Communist'

Arthur Ray Hines, "Sneakypete", has passed away.

No righT ... for me To hear --- whaT you say !

"Walz’s Fellow Guardsmen Set the Record Straight on Veep Candidate’s Military Career: ‘He Bailed Out’ "

"Kamala Harris Selects Progressive Minnesota Governor Tim Walz as Running Mate"

"The Teleprompter Campaign"

Good Riddance to Ismail Haniyeh

"Pagans in Paris"

"Liberal groupthink makes American life creepy and could cost Democrats the election".


Latest Articles: Economy

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The trillion dollar bailout you didn’t hear about – Commercial real estate values plummet again yet banks hide losses.
Post Date: 2010-08-29 11:08:20 by Nebuchadnezzar
1 Comments
The trillion dollar bailout you didn’t hear about – Commercial real estate values plummet again yet banks hide losses. A $3.5 trillion financial disaster in the making. We are now proud owners of an AMC theater and Chick-fil-A. The latest data on existing home sales should tell you exactly where we are in this so called recovery. Average Americans are unable to purchase big ticket items without massive government subsidies. It is also the case that all the too big to fail banks are standing only because of the generous support of taxpayer money. Without large tax credits and the Federal Reserve buying down mortgage rates the housing market is extremely weak. Yet very few of the ...

'Jingle Mail': Developers Are Giving Up On Properties
Post Date: 2010-08-29 10:43:31 by Nebuchadnezzar
0 Comments
'Jingle Mail': Developers Are Giving Up On Properties By KRIS HUDSON And A.D. PRUITT Like homeowners walking away from mortgaged houses that plummeted in value, some of the largest commercial-property owners are defaulting on debts and surrendering buildings worth less than their loans. Companies such as Macerich Co., Vornado Realty Trust and Simon Property Group Inc. have recently stopped making mortgage payments to put pressure on lenders to restructure debts. In many cases they have walked away, sending keys to properties whose values had fallen far below the mortgage amounts, a process known as "jingle mail." These companies all have piles of cash to make the ...

Stock markets face a 'bloodbath', warns SocGen strategist Albert Edwards
Post Date: 2010-08-29 10:39:34 by Nebuchadnezzar
1 Comments
Stock markets face a 'bloodbath', warns SocGen strategist Albert Edwards Investors should brace themselves for an equities "bloodbath" and a further fall in bond yields when the current excessive optimism propping up the market seeps away, Albert Edwards, a strategist at Société Générale, has warned. By Angela Monaghan Published: 6:00AM BST 27 Aug 2010 72 Comments Stock markets face a 'bloodbath', warns SocGen strategist Albert Edwards SocGen strategist expects to see a return of bright red FTSE 100 screens. Mr Edwards said there was too much hope among investors, with excessive valuations in the US, but predicted it would come to ...

SPIN METER: What Biden didn't mention on stimulus (Biden caught lying about failed stimulus)
Post Date: 2010-08-28 00:40:12 by Nebuchadnezzar
1 Comments
SPIN METER: What Biden didn't mention on stimulus By GARANCE BURKE (AP) – 20 hours ago FRESNO, Calif. — Vice President Joe Biden said this week that the Obama administration "hit the accelerator" toward spending $5 billion under the economic stimulus law to weatherize people's homes, create thousands of jobs, help consumers save money and put the nation on track for energy independence. Yet the weatherization program the vice president highlighted in his visit Thursday to New Hampshire is widely considered among the least organized spending projects under the $814 billion economic stimulus law and has regularly been targeted for criticism of its slow progress ...

Economic Meltdown Fueled By Barney Frank/Christopher Dodd
Post Date: 2010-08-27 16:56:55 by Nebuchadnezzar
2 Comments
Economic Meltdown Fueled By Barney Frank/Christopher Dodd By TVC Executive Director Andrea Lafferty January 29, 2009 – As our nation faces a serious economic crisis in 2009, Americans need to understand the origins of this crisis.The subprime mortgage crisis fueled instability in other sectors of the economy and has led a crisis in the banking industry, housing industry, auto industry – and is resulting in the layoffs of millions of Americans. A subprime mortgage is one granted to individuals with a bad credit history or no credit history. They were given no-money-down, low interest, or interest-only loans. Democrats effectively blamed President Bush for the economic crisis and ...

Economy in U.S. Grew a Revised 1.6% in Second Quarter [Full Thread]
Post Date: 2010-08-27 08:48:46 by war
61 Comments
Aug. 27 (Bloomberg) -- The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously calculated as companies reined in inventories and the trade deficit widened. The revised increase in gross domestic product was bigger than the median forecast of economists surveyed by Bloomberg News and compares with a 2.4 percent estimate issued last month, figures from the Commerce Department showed today in Washington. Corporate profits climbed. Federal Reserve Chairman Ben S. Bernanke, who addresses central bankers from around the world today in Jackson Hole, Wyoming, may shed more light on policy makers’ outlook in the wake of reports that signaled a growing risk ...

KFI Investigation: ‘A Crappy Day In Venice’ (Ha! Couldn't happen to a nicer town!)
Post Date: 2010-08-26 23:32:39 by Nebuchadnezzar
1 Comments
KFI Investigation: ‘A Crappy Day In Venice’ A Hazmat team has had to clean a sewage spill in Venice...a week after it happened. Wednesday, August 25, 2010 Last week, in the middle of the night, a resident on Pacific Avenue noticed an RV parked the wrong way in front of her home. She heard some noise, then noticed a passenger getting out of the RV, and removing the cap to the sewage tank. The woman jumped back into the RV and drove away intentionally allowing gallons of sewage to spill out onto the street. The resident called 911 and the LAPD was able to track down the RV. The resident made a citizen’s arrest and the woman was taken into custody. Despite numerous calls and ...

Burning Down the House (Zero homes sold last month or June over $750K
Post Date: 2010-08-26 16:56:32 by Nebuchadnezzar
0 Comments
Burning Down the House Once again, the consensus was fooled. It was looking for 330k on new home sales for July and instead they sank to a record low of 276k units at an annual rate. And, just to add insult to injury, June was revised down, to 315k from 330k. Just as resales undercut the 2009 depressed low by 15%, new home sales have done so by 19%. Imagine that even with mortgage rates down 100 basis points in the past year to historic lows, not to mention at least eight different government programs to spur homeownership, home sales have undercut the recession lows by double-digits. in the aftermath of a credit bubble burst and a massive asset deflation, trauma has set in. The rupture ...

Jobless Claims in U.S. Decline More Than Forecast to 473,000
Post Date: 2010-08-26 08:32:26 by war
6 Comments
Aug. 26 (Bloomberg) -- Applications for unemployment benefits in the U.S. fell more than forecast last week, easing concern the labor market was rapidly deteriorating as the economy slows. Initial jobless claims dropped by 31,000, the first decline in a month, to 473,000 in the week ended Aug. 21, Labor Department figures showed today in Washington. The number of people receiving unemployment insurance decreased, while those getting extended benefits climbed. The weekly average over the past month climbed to the highest level since November even as the latest reading provided some relief to the drumbeat of negative economic data in recent weeks. Employers have delayed hiring plans and ...

California Collapsing (Video)
Post Date: 2010-08-26 02:45:07 by Nebuchadnezzar
3 Comments
Unbelievable. But, they imported poverty so they deserve to have their state turned into one, big opium den.

Bennet Bombshell: Trillions in Debt, ‘Nothing to Show for It’ (Dems admit stimulus, bailouts an unmitigated disaster)
Post Date: 2010-08-25 15:34:49 by Nebuchadnezzar
10 Comments
Bennet Bombshell: Trillions in Debt, ‘Nothing to Show for It’ August 25, 2010 5:15 A.M. By Michael Sandoval Sen. Michael Bennet’s recent appearance in Greeley, Colorado is sure to set political tongues wagging–Bennet is quoted as saying that though trillions of dollars of Federal debt has been incurred through spending since he was appointed to the Senate in January of 2009, “we have nothing to show for it”: Michael Bennet, D-Colo,at a town hall meeting in Greeley last Saturday, Aug 21 said we had nothing to show for the debt incurred by the stimulus package and other expenditures calling the recession the worst since the Great Depression. [...] Regarding ...

Morgan Stanley Says Governments Will Default, Only Question Is How
Post Date: 2010-08-25 10:42:24 by Nebuchadnezzar
0 Comments
Morgan Stanley Says Governments Will Default, Only Question Is How Submitted by Tyler Durden on 08/25/2010 08:27 -0500 * Morgan Stanley Debt/GDP ratios are too backward-looking and considerably underestimate the fiscal challenge faced by advanced economies’ governments. On the basis of current policies, most governments are deep in negative equity. This means governments will impose a loss on some of their stakeholders, in our view. The question is not whether they will renege on their promises, but rather upon which of their promises they will renege, and what form this default will take. So far during the Great Recession, sovereign (and bank) senior unsecured bond holders have ...

New Home Sales decline to Record Low in July (Two record low months is a row!)
Post Date: 2010-08-25 10:27:35 by Nebuchadnezzar
2 Comments
New Home Sales decline to Record Low in July by CalculatedRisk on 8/25/2010 10:00:00 AM The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 276 thousand. This is an decrease from the record low of 315 thousand in June (revised down from 330 thousand). New Home Sales Monthly Not Seasonally Adjusted Click on graph for larger image in new window. The first graph shows monthly new home sales (NSA - Not Seasonally Adjusted). Note the Red columns for 2010. In July 2010, 25 thousand new homes were sold (NSA). This is a new record low for July. The previous record low for the month of July was 31 thousand in 1982; the record high was 117 ...

NEW HOME SALES PLUNGE 12.4%
Post Date: 2010-08-25 10:08:10 by Nebuchadnezzar
1 Comments
NEW HOME SALES PLUNGE 12.4% Gregory White | Aug. 25, 2010, 10:00 AM | 204 | comment 4 New home sales numbers came in lower than expected, down to an annualized 276,000. That's a 12.4% drop over June, and a 32.4% drop over July 2009. Markets fell immediately on the news, but have rebounded somewhat: * Dow down 0.62% * NASDAQ down 0.61% * S&P 500 down 0.82% The consensus was for a slight improvement over June, at 340,000 annualized. June home sales were an annualized 330,000, while May was at 267,000. New home sales increased in June 23.6%, after falling 36.7% in May. This comes after yesterday's massive 27.2% drop in existing home sales. Read more: ...

Durable Goods Collapsing (Down 3.8% ex-transportation)
Post Date: 2010-08-25 09:38:47 by Nebuchadnezzar
17 Comments
Durable Goods Collapsing New orders for manufactured durable goods in July increased $0.6 billion or 0.3 percent to $193.0 billion, the U.S. Census Bureau announced today. This increase followed two consecutive monthly decreases including a 0.1 percent June decrease. Excluding transportation, new orders decreased 3.8 percent. Excluding defense, new orders increased 0.3 percent. There's nothing good in here. That headline number masked monstrous weakness when one looks ex-transports. Most of the transport gains were in non-defense aircraft and parts. Worse, if you remember, one of my leading indicators is computers and other technology products - specifically, the backlog. Eek. ...

Finally, Barney Frank Confesses (Admits it was mistake to give home-loans to "Low-Income" people)
Post Date: 2010-08-24 18:43:00 by Nebuchadnezzar
3 Comments
Finally, Barney Frank Confesses Jennifer Rubin - 08.24.2010 - 10:40 AM You must remember the denials, the hissy fits, and the outrage. In the wake of the 2008 financial meltdown, Democrats — and Barney Frank specifically — screamed that it was outrageous to hold them responsible for promoting home ownership to everyone and anyone, regardless of creditworthiness, or for their cozy relationship with Fannie Mae and Freddie Mac. Well, getting a jump on his Day of Atonement, Barney Frank has decided to come clean: For years, Frank was a staunch supporter of Fannie Mae and Freddie Mac, the giant government housing agencies that played such an enormous role in the financial meltdown ...

HUD Offers Interest-Free Loans to Reduce Foreclosures (fools never learn)
Post Date: 2010-08-24 15:22:05 by Nebuchadnezzar
1 Comments
HUD Offers Interest-Free Loans to Reduce Foreclosures August 11, 2010, 3:06 PM EDT More From Businessweek By Lorraine Woellert and Kathleen M. Howley (Updates with economist’s comment in the seventh paragraph, analyst’s comment in the last paragraph.) Aug. 11 (Bloomberg) -- The Obama administration will offer $1 billion in zero-interest loans to help homeowners who’ve lost income avoid foreclosure as part of $3 billion in additional aid targeting economically distressed areas. The Department of Housing and Urban Development plans to make loans of as much as $50,000 for borrowers “in hard hit local areas” to make mortgage, tax and insurance payments for as ...

Existing Home Sales Plunge 27%, Worse than Every Economist Forecast; Treasury Yields Hit New Lows
Post Date: 2010-08-24 14:47:01 by Nebuchadnezzar
3 Comments
Existing Home Sales Plunge 27%, Worse than Every Economist Forecast; Treasury Yields Hit New Lows In yet another clean sweep, the third in a week or so, sales of existing homes dropped twice as much as expected, worse than every economist forecast, to a 15 year low. Inventory soared to 12.5 month, the highest since 1999. Treasury yields plunged with yield on the 10-year note falling as low as 2.50 and the 2-year note hitting a new all-time low at .47%. Please consider Sales of U.S. Existing Homes Drop More Than Forecast Sales of U.S. previously owned homes plunged 27 percent in July, twice as much as forecast, evidence foreclosures and limited job growth are depressing the market. ...

Andrew Cuomo and Fannie and Freddie How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis [Full Thread]
Post Date: 2010-08-24 11:18:22 by Nebuchadnezzar
71 Comments
Andrew Cuomo and Fannie and Freddie How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis Comments (31) By Wayne Barrett Tuesday, Aug 5 2008 There are as many starting points for the mortgage meltdown as there are fears about how far it has yet to go, but one decisive point of departure is the final years of the Clinton administration, when a kid from Queens without any real banking or real-estate experience was the only man in Washington with the power to regulate the giants of home finance, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), better known as Fannie Mae and Freddie Mac. ...

July Existing-Home Sales Fall as Expected but Prices Rise (25.5% lower than July of 2009
Post Date: 2010-08-24 10:18:51 by Nebuchadnezzar
14 Comments
The NAR reports: July Existing-Home Sales Fall as Expected but Prices Rise Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009. Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales – accounting for the bulk of transactions – are at the lowest level since May of 1995. ... Total housing inventory at the end of July increased 2.5 percent to 3.98 million ...

3rd Quarter GDP Likely Negative, Recession Never Ended
Post Date: 2010-08-23 12:39:19 by Nebuchadnezzar
3 Comments
3rd Quarter GDP Likely Negative, Recession Never Ended While some people still think the odds of a double dip recession are close to zero, ironically, the only reason they may be right is if the first dip never ended. Please consider last Friday's Breakfast With Dave, wherein Rosenberg stated U.S. RECESSION NEVER ENDED; GDP TO CONTRACT IN Q3 Our suspicions have been confirmed — the recession never ended. Macroeconomic Advisers produces a monthly U.S. real GDP series and it shows that the peak was in April, as we expected, with both May and June down 0.4% in the worst back-to-back performance since the economy was crying Uncle! back in the depths of despair in September-October 20 ...

Minnesota home sales drop 40 percent in July
Post Date: 2010-08-23 10:15:53 by Nebuchadnezzar
7 Comments
Minnesota home sales drop 40 percent in July Minneapolis / St. Paul Business Journal - by Jim Hammerand Staff writer Minnesota home sales dropped 40 percent in July, the Minnesota Association of Realtors said on Friday. MAR President Michael Hoffman said homeowners trying to sell face a "difficult marketplace," but said the decline wasn't surprising given the expiration of the federal homebuyer tax credit. "Although disappointing, it was expected that following the expiration of the federal tax credit, sales activity would slow for a few months,” he said. Year-to-date figures are still even with last year, the group said, and the statewide median home price ...

Who’s to blame for Fannie Mae and Freddie Mac failures? (Hint: It's not Bush)
Post Date: 2010-08-22 22:47:27 by Nebuchadnezzar
5 Comments
Who’s to blame for Fannie Mae and Freddie Mac failures? It’s becoming much more obvious than ever that Fannie Mae and Freddie Mac have been run, since 1992, as Democratic Party money machines. Look hard, and I’ll be happy to look with you, but it’s not easy to find Republican “greed” having anything to do with the failure of these two lending giants. The culprit appears to be Democratic “unselfishness” with taxpayer dollars, in the twin causes of giving home loans to low-income families and winning votes. Now Fannie Mae and Freddie Mac hold $5,200,000,000,000 in debt, and nearly $1 trillion of that is bad debt that taxpayers are being asked to ...

Nevada Jobless Rate Actually Above 20 Percent Based On U.S. Bureau Of Labor Statistics Data (Reid is finished)
Post Date: 2010-08-22 21:38:35 by Nebuchadnezzar
4 Comments
Nevada Jobless Rate Actually Above 20 Percent Based On U.S. Bureau Of Labor Statistics Data By Sean Whaley | 11:33 am August 21st, 2010 CARSON CITY – Nevada’s worst in the nation 14.3 percent unemployment rate for July does not even begin to tell the real story of the state’s dismal job situation, a state agency reported today. The actual unemployment rate in Nevada through the second quarter of 2010 is 21.5 percent, according to data compiled by the U.S. Bureau of Labor Statistics. The announced jobless rate reported over the same time frame was 13.1 percent, an 8.4 percentage point difference. “The actual unemployment rate presents a more complete picture of what is ...

Federal workers earning double their private counterparts (Bastards doing it to us on our dime!)
Post Date: 2010-08-22 09:37:14 by Nebuchadnezzar
2 Comments
Federal workers earning double their private counterparts Updated 8/13/2010 10:53 AM By Dennis Cauchon, USA TODAY At a time when workers' pay and benefits have stagnated, federal employees' average compensation has grown to more than double what private sector workers earn, a USA TODAY analysis finds. Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation gap between federal and private workers has doubled in the past decade. Federal civil servants earned average pay and benefits of $123,049 in 2009 while private workers made $61,051 in total compensation, according to the Bureau of Economic ...

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