Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Monday, December 18, 2017
Slumdog Market Caution
Seems the Dow Jones is set to open 170+ points up this morning. Supposedly over the impending tax changes. If it sticks, 2017 will have the most new highs in history. Time to take some profits?
I fail to see where these profits are to come from. These rich.guys don't invest. Some people actually believe Trump. Ah, this is to pull money from small investor's pockets, so that people think they are richer and spend money. After it goes up enough they'll sell short, I guess.
Yep but that's the game. Greed kills and M Funds balance my poorfolio out nicely. Nat gas/oil was the wrong play but it's just the kids inheritance. Bounce back in about 10 years. :)
To be clear. This is tax change not tax reform. The evil carried interest exclusion still applies for instance. Don’t forget the CBO deficit projections. This does nothing for reducing them. Not smart especially if the house flips next year. Best lock in some growth caps now. $5trillion Federal Budget by 2026. That’s so wrong.
A few market types I follow are saying the big rock and hard place come together over municipal pensions. The next decade of 1-3% returns are going to break them.
Jill Stein is not a Republican. Jill stein is not a Democrat. Jill Stein is not beholden to the deep state. That makes her just as much an enemy as Donald Trump.
Ya... Tampa is a well designed airport, though if traffic increases, it might not be ready expandable. Since it was built, Orlando had become huge and taken any load from Disney off of Tampa. I think Orlando's airport had grass runways when I was a kid
The hub n shuttle spoke here is very good but doesn’t scale well. The plat looks built out. I’d clean slate Winter Haven (Bartow) rather than try adding capacity here.
When I was a kid my great aunt owned a square mile of orange grove greater Orlando area. Literally a mile on a side. That’s how they did it in those days. Tamiami Trail was not entirely paved. Oiled gravel.
I am a high maintenance, maintenance man. Average wage here is about 750 a week but very skewed by railroad wages. Living wage is like art, it's in the eye of the beholder.
Lol...I know a guy from Nebraska. I asked him if his family owned any land there. He said, "ya... My mom still owns a few squares". Those are square miles...
Ahhh. The sweet shackles of socialism once again draw me to the bosom of liberalism and good Mexican food. Long time acquaintances evacuated their Ojai Valley home that had burned in a house fire in the 90s to their Faria Beach Home only to have to evacuate that. Last time the house burned but the extraordinary view remained. This time the reverse.
My clients could make a little or a lot, it didn't matter, it was never enough. It's not what you make so much, as what doesn't slip through your fingers. I like beING in the top 20 or 15%, but we could live on Ss, his and mine, because everything is paid for. Also, I had a stingy grand mom, and some of it rubbed off.
Government steals your money and promises to pay you back with inflation corrected payments. Then they start taxing it. Kill savings rates for at least a decade and then rename SS as an entitlement as if we where the problem. Yep socialism or Ponzi scam.
So Brevard give free phones for the hearing impaired. Free rides for sight impaired to drs and for groceries. Yay socialism. I do think they should fix the sewers.
At Donner Lake for Xmas. Last night about 1 inch of powder fell at the cabin. I expect maybe 3-4 inches at the pass. Merry Xmas and Happy Holidays to all.
Just now 6AM on the left coast. Needed a day to catch up. Ready to go now. Traditional solstice post within the hour. A little coffee and get Mrs Dawg Out the door. She’s driving to the other side of the fire this morning.
88 comments:
9:00 EST up 157, what goes up must go down! Who much and when? My poorfolio has no profit to take! LOL!
How! More coffee!
I fail to see where these profits are to come from. These rich.guys don't invest. Some people actually believe Trump. Ah, this is to pull money from small investor's pockets, so that people think they are richer and spend money. After it goes up enough they'll sell short, I guess.
Yep but that's the game. Greed kills and M Funds balance my poorfolio out nicely. Nat gas/oil was the wrong play but it's just the kids inheritance. Bounce back in about 10 years. :)
Stay long real assets on eventual dollar devaluation.
The US was already on a completely unsustainable fiscal path; tax reform only accelerates it.
The latest time they "brought money back home", it wasn't spent or invested. IMO
To be clear. This is tax change not tax reform. The evil carried interest exclusion still applies for instance. Don’t forget the CBO deficit projections. This does nothing for reducing them. Not smart especially if the house flips next year. Best lock in some growth caps now. $5trillion Federal Budget by 2026. That’s so wrong.
We are so stupid I guess we deserve what we get.
I wonder what I did in previous lives to deserve the government I have.
Same government but with a no limit credit card. Magic math sales pitch to make it acceptable. You know like the Affordable care act. LOL!
A few market types I follow are saying the big rock and hard place come together over municipal pensions. The next decade of 1-3% returns are going to break them.
It's real reform on the corporate side.
Current tax law is the worst in the developed world -- both the highest rate and almost the only country to tax global earnings.
It's not perfect but it is major, and badly needed, reform.
US corporate marginal rates are the highest but effective rates are high average.
Right- meaning under current law you need an army of tax lawyers to manage the system.
Yeah and people yelled at obama for much less.
No loopholes eliminated?
Nothing could have been to deserve anything this bad, ot you'd be a cockroach.
Guess not.
Whatever happened to that petition online and get an answer from the government process?
Hunh?
Clearly a hoax.
https://www.marketwatch.com/story/trump-administration-plans-temporary-shutdown-of-petition-function-on-whitehousegov-website-2017-12-18?siteid=rss&rss=1
No, that they'd have such a thing to begin with.
Now Jill Stein is being investigated.
JILL STEIN?
Good Morning!
Shutdown with out pay! Never happen too many votes at risk.
Michigan now a right to work state and the UAW/Chrysler money stealing scandal won't help union membership.
Jill Stein is not a Republican. Jill stein is not a Democrat. Jill Stein is not beholden to the deep state. That makes her just as much an enemy as Donald Trump.
Why not they need to look impartial, right?
I guess
Check out the lastest Styxxhexenhammer666 video for more on that
No clerks in Dillard's
Lots in Best Buy.
Tampa Airport pretty laid back for an international. Home in 10 hours.
Ya... Tampa is a well designed airport, though if traffic increases, it might not be ready expandable. Since it was built, Orlando had become huge and taken any load from Disney off of Tampa. I think Orlando's airport had grass runways when I was a kid
The hub n shuttle spoke here is very good but doesn’t scale well. The plat looks built out. I’d clean slate Winter Haven (Bartow) rather than try adding capacity here.
When I was a kid my great aunt owned a square mile of orange grove greater Orlando area. Literally a mile on a side. That’s how they did it in those days. Tamiami Trail was not entirely paved. Oiled gravel.
Got my carryon detailed searched. Five pounds of petrified sharks teeth “scan funny.”
I bet they do.
Hehehehe
Oiled gravel?!!!
Very rude car salesman, subaru.
Yeah, they used to do that. Some place in Missouri had to be abandoned when the waste oil got contaminated with dioxin
Brutal business. Wish I had a better way to buy a car but truth told I get the best deals with this adversarial system.
Next one nice.
My SS went up 2%, less increased deductions. About $100 a month. A muted thanks, taxpayers.
See that CALPERS move to up their equity position vs. lower their expected return rate? Nothing like going "all in" at the top.
That's what Newby do.
Perhaps the whole thing will burn down, then,no problem.
When SS goes up to a living wage I'm going to retire! :)
DFW == delayed for weather.
Yeah CalPERS is really screwing the pooch.
Is the dawg still far enough away?
Dallas is far enough away!
Then we have hub's SS. And pension, etc, etc. What's a living wage where you are?
Oops, not Dallas.
Good night.😀
I am a high maintenance, maintenance man. Average wage here is about 750 a week but very skewed by railroad wages. Living wage is like art, it's in the eye of the beholder.
Lol...I know a guy from Nebraska. I asked him if his family owned any land there. He said, "ya... My mom still owns a few squares". Those are square miles...
CALPERS should look into BitCoin... Lol
Ahhh. The sweet shackles of socialism once again draw me to the bosom of liberalism and good Mexican food. Long time acquaintances evacuated their Ojai Valley home that had burned in a house fire in the 90s to their Faria Beach Home only to have to evacuate that. Last time the house burned but the extraordinary view remained. This time the reverse.
My clients could make a little or a lot, it didn't matter, it was never enough. It's not what you make so much, as what doesn't slip through your fingers. I like beING in the top 20 or 15%, but we could live on Ss, his and mine, because everything is paid for. Also, I had a stingy grand mom, and some of it rubbed off.
We'd just have to stop eating out all the time.
How sad. Every thing in view burned? The green will come back.
Some Sand hills ranches are very big.
Government steals your money and promises to pay you back with inflation corrected payments. Then they start taxing it. Kill savings rates for at least a decade and then rename SS as an entitlement as if we where the problem. Yep socialism or Ponzi scam.
I assume nobody here still thinks any swamps are being drained?
I think the Russian investigation is about over. I think they have found every Russian under every bodies bed. LOL!
Liz,
The swamp was turned into a waste dump. It is currently overflowing.
It needs a really big can of Draino. Establishment politicians are not getting it done.
Nobody is getting it done. Perhaps democracy wasn't such a good idea.
Broward County's unenployment rate is 35%. Full employment?
3.5?
!!
So Brevard give free phones for the hearing impaired. Free rides for sight impaired to drs and for groceries. Yay socialism. I do think they should fix the sewers.
Hub sez Trump is the biggest alligator in the swamp.
Because he's always making false allig--ations.!!!
Brevard eager to hand out rides. I will reimburse them for most of costs.
$76 per ride!!! Van has to have wheelchair access.
The "in bowl" is almost clear. Real posts soon.
Trump is draining the swamp. What you see are the alligators being exposed not evidence that the the draining is ineffective.
Classic instance of "I had no idea how bad it was."
Phone partly paid for by charity.
If you drain the swamp the alligators will dry, die, and stink.
OT. Raining along the north end of the Thomas Fire.
Grant money! Pennies from heaven! No taxes involved! LOL!
Yea for a little rain, enough to put the fire out!
Anticipation rise. Now it's here, big fall. Not Trump's fault of course.
At Donner Lake for Xmas. Last night about 1 inch of powder fell at the cabin. I expect maybe 3-4 inches at the pass.
Merry Xmas and Happy Holidays to all.
DD, Merry Christmas!
Looks like the warm is over. 28F and possible snow tomorrow, We need the moisture.
No snow here. Hahahahahahaha. Merry Christmas and Saturnalia and Winter Solstice.
Good night.😀 all. Pretty much finished our shopping!!!
Bah, our land line is down.
They will condescend to fix it within 10 days.
They lied, in a good way, it's fixed.
Fire report?
New post?
Good Morning!
ZH listed the top 12 states for disasters and linked a FEMA data sight for all states history.
https://www.fema.gov/data-visualization-disaster-declarations-states-and-counties
Nebraska didn't make the top 12. :)
Condescend?
That link doesn't work well on a phone
Just now 6AM on the left coast. Needed a day to catch up. Ready to go now. Traditional solstice post within the hour. A little coffee and get Mrs Dawg Out the door. She’s driving to the other side of the fire this morning.
I went to college in Lubbock. The airport had laminated signs on hook stands that read "flight delays due to inclement weather in Houston"
New post.
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