Kewl
ql in ny |
Homepage |
08.26.06 - 10:47 am | #
Second first this week.
And I don't check every five seconds either.
ql in ny |
Homepage |
08.26.06 - 10:47 am | #
Yes, yes he has.
plantsman, lowercase |
Homepage |
08.26.06 - 10:48 am | #
Well, I'll try for a triple and then read the post.
ql in ny |
Homepage |
08.26.06 - 10:48 am | #
Ach! Plantsman got me out at third.
ql in ny |
Homepage |
08.26.06 - 10:48 am | #
Senile, I think.
Sallyh, Grandmere Poissonniere |
Homepage |
08.26.06 - 10:48 am | #
Apropos of nothing, I wish Pepsico hadn't bought Quaker Oats.
plantsman, lowercase |
Homepage |
08.26.06 - 10:48 am | #
Andrea said they're going away for a few days.
plantsman, lowercase |
Homepage |
08.26.06 - 10:49 am | #
That hack Greenspan. The ideologue economist. Orr was he simply the GWB ass-kissing economist?
He reminds me of Lieberloser. Bowing and scratching for the powerful he serves and giving everyone else the royal shaft.
db |
08.26.06 - 10:50 am | #
Let's see, negative savings rate while interest rates are low. If people couldn't or wouldn't save then, what are they going to do now that interest rates are on the rise, and the housing bubble seems to have popped.
ql in ny |
Homepage |
08.26.06 - 10:51 am | #
Let's see, negative savings rate while interest rates are low. If people couldn't or wouldn't save then, what are they going to do now that interest rates are on the rise, and the housing bubble seems to have popped.
ql in ny |
Homepage |
08.26.06 - 10:51 am | #
Will we see another crisis like the collapse of the S&Ls in the 80's do you think? You know, one where the investors get bailed out and the little guys go to debtors' prison?
noblejoanie |
08.26.06 - 10:51 am | #
Why yes, yes he had.
GWPDA, Really Irritated |
Homepage |
08.26.06 - 10:52 am | #
Will we see another crisis like the collapse of the S&Ls in the 80's do you think? You know, one where the investors get bailed out and the little guys go to debtors' prison?
You talk like that's a bad thing.
Neil Bush |
08.26.06 - 10:52 am | #
Oh Neil, you're such a kidder..
noblejoanie |
08.26.06 - 10:53 am | #
Have you won the lottery today?
Zap Rowsdower |
Homepage |
08.26.06 - 10:54 am | #
Can't lose if you don't play.
plantsman, lowercase |
Homepage |
08.26.06 - 10:55 am | #
"Have you won the lottery today?"
It's this fairytale that fosters public support for eliminating the "death tax".
noblejoanie |
08.26.06 - 10:55 am | #
Atrios, give us some Santorum. Wear gloves, though.
db |
08.26.06 - 10:55 am | #
Have you won the lottery today?
No.
Damn it.
Toonscribe, 25% more blognuts |
08.26.06 - 10:56 am | #
These posts are just too damn depressing.
pie |
Homepage |
08.26.06 - 10:57 am | #
back later kidz...
BlakNo1 |
08.26.06 - 10:57 am | #
I think people are thinking, "Can they boot everybody out of their houses? Who're they gonna sell the empty ones to?"
Lime Rickey |
08.26.06 - 10:57 am | #
Google, the IED (Intellectual Exploration Device) of todays class warfare.
nyclept |
08.26.06 - 10:58 am | #
Thanks a lot, you wanker. Now all my repressed memories of Uncle "Bad Touch" Alan have resurfaced...
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 10:59 am | #
I think people are thinking, "Can they boot everybody out of their houses? Who're they gonna sell the empty ones to?"
There's a few rich people who'd love to bulldoze a couple of hundred arces of empty houses so they can begin building their new walled estate.
Supreme Commander Thor |
08.26.06 - 10:59 am | #
I think the good news is that people who were smart enough to actually read greenspan were smart enough to know this was bullshit.
the people who are trapped in these highly leveredged, adjustble, interest only products aren't the type that are reading greenspan, i don't think.
exhuming mccarthy |
08.26.06 - 11:00 am | #
At last I'm here for a money/economy thread. I always seem to miss them.
Karin |
Homepage |
08.26.06 - 11:02 am | #
exhuming mccarthy
Yes, but the people writing those loans did read him. And wrote those loans.
JayAckroyd |
08.26.06 - 11:02 am | #
There's a few rich people who'd love to bulldoze a couple of hundred arces of empty houses so they can begin building their new walled estate.
Supreme Commander Thor
And hold drunken grouse hunts.
Lime Rickey |
08.26.06 - 11:02 am | #
I'm sure that bankers' households are doing just fine.
By the way, I had a gag for the last thread, but I'll just plop it here.
Possible campaign slogans:
Vote Republican! Sooner Or Later We'll Get It Right!
Vote Republican! Everyone Deserves A Second, Third, Or Even A Seventh Chance!
If You Love Powerball, Vote Republican! [Note: You have a 1 in 146,107,962 chance of good goverment.]
With that, I must work on making indignant, ranting music. Haloscan is proving too much for me to deal with.
Y'all take care of your good selves!
Uncle Smokes |
Homepage |
08.26.06 - 11:03 am | #
I think people are thinking, "Can they boot everybody out of their houses? Who're they gonna sell the empty ones to?"
You crazy, mane, you crazy.
billy b - howlin' wolf |
08.26.06 - 11:04 am | #
the people who are trapped in these highly leveredged, adjustble, interest only products aren't the type that are reading greenspan, i don't think.
You'd be surprised. I think all types of people have them.
Karin |
Homepage |
08.26.06 - 11:04 am | #
"the people who are trapped in these highly leveredged, adjustble, interest only products aren't the type that are reading greenspan, i don't think.
exhuming mccarthy"
Adjustable-rate loans were a good bet for -some- purchasers. There's no excuse for an interest-only loan. Seriously, what are you thinking taking one of those? "It's just like renting, only with a LOT more risk of financial ruin!!! I can't lose!"
Nim, ham hock of liberty |
Homepage |
08.26.06 - 11:04 am | #
Ooh!!
There's an ad for buying Iraqi Dinars up on Atrios' Google ads. Sure fire recession buster!!
Zap Rowsdower |
Homepage |
08.26.06 - 11:05 am | #
Haloscan't is behaving quasi-normally for me, today. That is, no more FUBAR than usual.
.
Jeffraham Prestonian |
Homepage |
08.26.06 - 11:05 am | #
Criminally insane in my book.
On another topic, great pic of Paul Hackett and Sherrod Brown from comment over at dkos.
Hey Joe, this is the Democratic Party to which I belong . . .
.
cs, art is bread |
08.26.06 - 11:05 am | #
Who're they gonna sell the empty ones to?"
There's a few rich people who'd love to bulldoze a couple of hundred arces of empty houses so they can begin building their new walled estate.
bingbingbignbingbing!!!!!!!!
Those who have accumulated large amounts of equity in various assets over the last few years,like,say, oil company executives, will buy up all the emptyhouses for peanuts, and then rent them back to the suckers who had the ARMs, at a price that will insure they never have enough money to actually own a house again.
It's called the upward redistribution of wealth, and it is the heart of the Bush administration's game.
blerb |
08.26.06 - 11:06 am | #
I'm trying to come up with a symbol to take to some Santorum or rep. Gerlach (R-PA) events.
"The Kiss" was the perfect symbol for 'Reader DK's hero. The monkey and banana costumes are effective for Senator Macaca.
A dog would be too 'insider' for Santorum, as would dripping santorum.
THis is sort of an IQ test. "The kiss is to Jomentum as the __________ is to Santorum.
db |
08.26.06 - 11:07 am | #
Seriously, what are you thinking taking one of those? "It's just like renting, only with a LOT more risk of financial ruin!!! I can't lose!"
Nim, ham hock of liberty
What I *was* thinking was that we would buy another house interest only and sit on it for five years, at which time we would sell one of them. Our house, in and of itself, isn't worth squat, but we could get some rich asshole to pay us a truly stupid amount of money for it because of its location. Housing prices may fall, but they're not making any more oceanfront in Florida. And we have been experiencing a declining quality of life because of the heinous overbuilding in our area. So we were thinking of maybe relocating if we could find something nice on a river somewhere, and get our hands on it before it's either all gone or ridiculous (i.e., we'd be the ones paying the stupid amount of money. . .).
It could make sense in some instances (we decided not to do this, though).
Virginia |
08.26.06 - 11:09 am | #
The Google Ad I saw today offering a Motorola Razr for people who voted for George W. Bush was a sure-fire winner here!
plantsman, lowercase |
Homepage |
08.26.06 - 11:10 am | #
You crazy, mane, you crazy.
billy b - howlin' wolf
Like Chimpy, I can see into people's souls.
Lime Rickey |
08.26.06 - 11:10 am | #
db: THis is sort of an IQ test. "The kiss is to Jomentum as the __________ is to Santorum.
One of those little stuffed South Park characters in a Mason jar?
No coffee yet... give me a few minutes...
.
Jeffraham Prestonian |
Homepage |
08.26.06 - 11:10 am | #
To the degree that households are driven by fears of payment shocks but are willing to manage their own interest rate risks, the traditional fixed-rate mortgage may be an expensive method of financing a home.
Of course! Brilliant! Just witness how households manage credit card debt.
Al Swearengen |
Homepage |
08.26.06 - 11:11 am | #
THis is sort of an IQ test. "The kiss is to Jomentum as the __________ is to Santorum.
db
I guess "fetus in a jar" would be a little over the top.
Virginia |
08.26.06 - 11:11 am | #
I must be getting to my dotage. The idea of making crank phone calls to Allen's headquarters is cracking me up.
ql in ny |
Homepage |
08.26.06 - 11:12 am | #
THis is sort of an IQ test. "The kiss is to Jomentum as the __________ is to Santorum.
db
Don't know. Only thing for Santorum I can think of is a sign referring to him as the Senator from Virginia.
Uncle Smokes |
Homepage |
08.26.06 - 11:12 am | #
There's an ad for buying Iraqi Dinars up on Atrios' Google ads. Sure fire recession buster!!
I exchanged all my quatloos...
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 11:12 am | #
Local Foreclosure Rates Skyrocketing
Sacramento County Foreclosures Up 118 Percent
... Mortgage experts said former owners are often in denial until someone shows up ordering them to move.
Except that I would tend to trust your insights a bit more than that of Bootsy, Rickey de la Cal.
billy b - howlin' wolf |
08.26.06 - 11:13 am | #
THis is sort of an IQ test. "The kiss is to Jomentum as the __________ is to Santorum.
db
Why box turtle of course.
ql in ny |
Homepage |
08.26.06 - 11:13 am | #
Only thing for Santorum I can think of is a sign referring to him as the Senator from Virginia.
And I think, "A nose that could slice cheese."
plantsman, lowercase |
Homepage |
08.26.06 - 11:13 am | #
Virginia: I guess "fetus in a jar" would be a little over the top.
Not to mention, people would think you're an anti-choice activist.
.
Jeffraham Prestonian |
Homepage |
08.26.06 - 11:13 am | #
It could make sense in some instances
Highly leveraged of adjustabl-rate mortgages do make sense insome circumstances. If you live in a country that has a sound economic policy, i.e. that is not totally in hock and that uses the taxation of excess wealth as a counter-cyclical measure rather than just interest rates -- a country where you can actually expect things to remainpretty much stable for the forseeable future -- then it's not an insane thing to do at all. But that ain't the USA.
blerb |
08.26.06 - 11:14 am | #
Without an examination of what is happening to both assets and liabilities, it is difficult to ascertain the true burden of debt service.
Where I live, the median price of what used to be known as a three bedroom tract home has risen from 120K to 280K. Incomes over that period have remained flat. Real earnings have likely declined.
In the land of the Big Rock Candy Mountain, none of this matters, yet.
Al Swearengen |
Homepage |
08.26.06 - 11:14 am | #
Adjustable rate mortgages only make sense for people wealthy enough to gamble on interest rates. Middle class families can't afford to gamble their biggest asset and only place to live on an investment scheme. It's shifting the risk from the bankers to the homeowners. Bad for homeowners, good for banks. Typical Greenspan.
Mark B. in Austin Texas |
08.26.06 - 11:14 am | #
Actually, if global warming and hurricanes continee, they WILL be making more Florida beachfront property.
Karin |
Homepage |
08.26.06 - 11:15 am | #
Fetus, fetus, in a jar
How I wonder what you are!
Full-fledged human, but not quite
Mushy in your jar at night.
plantsman, lowercase |
Homepage |
08.26.06 - 11:15 am | #
Actually, if global warming and hurricanes continee, they WILL be making more Florida beachfront property.
In Orlando.
plantsman, lowercase |
Homepage |
08.26.06 - 11:16 am | #
shifting the risk from the bankers to the homeowners. Bad for homeowners, good for banks. Typical Greenspan.
He could have made his argument much more succinctly by just saying "let them eat cake".
blerb |
08.26.06 - 11:16 am | #
Not to mention, people would think you're an anti-choice activist.
.
Jeffraham Prestonian
True. How about the opposite of Billionaires for Bush? Get a bunch of people who are decked out in all their most outrageously hick-ish garb -- I'm thinking Cletus the slack-jawed Yokel -- perhaps with several unkempt children in tow, to show up at events and loudly proclaim their love for Sen. Shithead. In front, where the cameras can get them. Loudly.
Virginia |
08.26.06 - 11:17 am | #
NTodd,
I gotcher quatloo, right here in my pocket.
One quatloo equals fifty Friedmans, don't forget it.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:17 am | #
Actually, if global warming and hurricanes continee, they WILL be making more Florida beachfront property.
Seriously, I wonder what will happen to the shores of Lake Michigan. All the great lakes, in fact.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:17 am | #
BULLOCK'S HUSBAND IN BUSH RANT
Hollywood star SANDRA BULLOCK's husband JESSE JAMES has launched a scathing verbal attack on US President GEORGE W BUSH, calling the leader "a d**khead".
The motorcycle maker visited American soldiers outside Baghdad, Iraq - and is convinced the majority of
the US military agree with him.
James says, "Everyone in Iraq knows Bush is a d**khead. He's the boss' kid." http://www.pr-inside.com/bullock...rant-
r16372.htm
Except that I would tend to trust your insights a bit more than that of Bootsy, Rickey de la Cal.
billy b - howlin' wolf
People have this "they can't mass-fuck the entire population, can they?" attitude. When, of course, they can, and will.
Lime Rickey |
08.26.06 - 11:18 am | #
Our first mortgage in 1981 was at 17%. When we finally got an 8% mortgage we thought we had gone to pig heaven.
ql in ny |
Homepage |
08.26.06 - 11:18 am | #
In front, where the cameras can get them. Loudly.
"Duggars! You're on in 5 minutes!"
plantsman, lowercase |
Homepage |
08.26.06 - 11:18 am | #
In Orlando.
plantsman, lowercase
Damn if that ain't the truth. Probably after my lifetime, but a much younger person could buy on the south side of Tallahassee and wait for the ocean to come to them, too.
Virginia |
08.26.06 - 11:18 am | #
When I heard that, I thought Greenspan had lost it. For an economist, to advocate variable-rate mortgages at a time of (then) historically low fixed rates, was nothing short of insane.
Given their projected life-cycle income growth, middle-class people cannot afford to have such volatility in monthly payments over the life of a mortgage.
Devil's Advocate |
08.26.06 - 11:19 am | #
Actually, if global warming and hurricanes continee, they WILL be making more Florida beachfront property.
Look for land near the coast with an elevation of thirty-five feet. Sit back and wait a few years -- and voila the beach will come to you and you still should be ten to fifteen feet above the waterline.
"I've got a plan!"
-- Kevin Bacon in Tremors
Toonscribe, 25% more blognuts |
08.26.06 - 11:19 am | #
Actually, if global warming and hurricanes continee, they WILL be making more Florida beachfront property.
Karin | Homepage | 08.26.06 - 11:15 am
There'll be more beach front property, but it's not going to be in Florida-there might not be a Florida. Try a little farther to the NW.
Buckeye, Dealer of Rare Coins |
08.26.06 - 11:19 am | #
Yes, his failure to live in PA does seem like the way to go. Maybe a giant milk carton featuring a lost Santorum, missing from PA.
It would be easy to make using a wardrobe moving box...or a fridge box.
db |
08.26.06 - 11:19 am | #
I can tell you this much: the appraised value of my home fell by about $ 30,000 in just two years. It's weird. And I've done some improvements to the place: new furnace and central air, some upkeep, new door, etc.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:20 am | #
As long as most consumers have fixed rate loans, the consequences of increased interest rates and a sudden housing price downturn wouldn't necessarily be so great. But, if people are drinking Greenspan's kool-aid...
The miracle of 30 year amortization at a fixed rate with no prepayment penalty.
When I worked in this sector 20 years ago, I was loath to offer the new "instruments" called ARMs. It made no sense and I couldn't justify doing it to people, although it's always "their" choice. So, I'd sell fixed rate with a vengence, and 30 year term at that.
For the lousy half point, it made no sense to amortize at 15 years. If you wanted a faster payoff, just calculate the payment for a 15 year term. Whenever I heard someone say they needed the discipline of a 15 year contract to force them to pay off quicker, you knew they were a risk to themselves if not the institution.
.
Al Swearengen |
Homepage |
08.26.06 - 11:21 am | #
All righty, then,
*Woosh* !!!
Off! to the market to buy a fat pig, home again, home again, jiggity jig!
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:23 am | #
I guess he doesn't like the insurance business either. Other countries don't use insurance as much as we do. Ho hum.
Ralph |
Homepage |
08.26.06 - 11:23 am | #
Google has $4 Billion cash on hand. Maybe they can help.
Troutski |
08.26.06 - 11:23 am | #
We actually don't know whether Americans have a greater propensity to choose fixed rate mortgages. Borrowers in other countries generally don't have the choice.
The reason Americans do have the choice is because we have had a peculiar set of institutions develop, including FHA, Fannie Mae and Freddie Mac (where I should say in the interest of full disclosure I worked for a short time). These institutions connected home borrowers to capital markets, and allowed risk to be shifted from households (who do not have the tools to manage interest rate risk well) to investors.
But for those who can't stand the idea that Government intervention can improve outcomes for households, the whole idea that Government Sponsored Institutions could be welfare improving is anathma.
meanwhile, in the world of natural rather than man-made disasters, Ernesto is now headed directly for NO, with no change in the forecast reasoning that suggests it will be Cat 3+ when it gets there, exactly on the anniversary of Katrina.
blerb |
08.26.06 - 11:24 am | #
the appraised value of my home fell by about $ 30,000 in just two years
Yikes! Mine went up over 50k this year. Township needs more tax base.
FeralL-Cheezhed Hadenough |
08.26.06 - 11:24 am | #
Yes, his failure to live in PA does seem like the way to go. Maybe a giant milk carton featuring a lost Santorum, missing from PA.
It would be easy to make using a wardrobe moving box...or a fridge box.
db
I like this idea a lot!
Has there been a serious challenge to his eligibility, BTW? I heard "his house is empty," balanced by "he says it isn't" and then it died. Didn't he take in-state tuition in VA?
Virginia |
08.26.06 - 11:24 am | #
Our first mortgage in 1981 was at 17%. When we finally got an 8% mortgage we thought we had gone to pig heaven.
ql in ny | Homepage | 08.26.06 - 11:18 am
when we moved to Ohio in 1980 the interest rate was 18%. I think we were able to re-fi (for my college payments) in 1986 at a lower rate, but still double digits. When I hear 'young' people complain about how high 8% is, I have to laugh.
Buckeye, Dealer of Rare Coins |
08.26.06 - 11:24 am | #
As old babyboomers whose parents grew up in the Depression years, we accelerated paying off our mortgage. Our financial planner would yell at us that the money was better spent invested but we stuck to our decision. He may have been right, but a mortgage and falling property prices are not what keeps us up at night.
noblejoanie |
08.26.06 - 11:25 am | #
Off! to the market to buy a fat pig
Pig Roast at Vicki's this weekend!
FeralL-Cheezhed Hadenough |
08.26.06 - 11:25 am | #
Mine went up 50% in the last two years. The few years before that, it was stable. But I'm in a weird situation, a fairly affordable mixed race neighborhood that's close the the city center.
People want to buy close in. The neighborhoods that are a long commute are losing out because of gas prices and traffic.
A lot of the older neighborhoods are being invaded by McMansions. It's so bad, that the city council recently put a moratorium on houses that cover almost the entire lot.
Mark B. in Austin Texas |
08.26.06 - 11:25 am | #
My first mortgage in '95 was 8.625%. Now it's 3.25%, and I'm paying less than half what I was back then, and less than I was in rent at the time I bought my house. Now I'm thinking of selling it and just living at the Fortress...
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 11:25 am | #
Feral,
Makes no sense, since I live by a booming college campus. They're buying homes left and right here for rental property.
However, I do believe that the value of my home was inflated - not be me, of course, but buy the companies who were trying to sell me money.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:25 am | #
After watching CTBob and the others in CT confront Lieberman and now Mike Stark in VA confront Allen (all politely and with legitimate questions), and now with the potential YouTube presents, there's a powerful new tool to use in every close race out there.
db |
08.26.06 - 11:26 am | #
A lot of the older neighborhoods are being invaded by McMansions.
Just so long as they aren't invaded by McMacacas.
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 11:26 am | #
Now I'm thinking of selling it and just living at the Fortress...
Where's the fortress?
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:26 am | #
My mortgage broker offered adjustable rates - I took a quick look at the history of the prime rate and said no thanks.. 5.625% fixed is just fine and dandy with me. Anyone who would believe that the rates could magically go down from the lowest rates in 40 years is a moron. But I am guessing that they never had a clue what the hell was going on - I've found relatively intelligent people to have literally no knowledge of how rates work.
Jill |
08.26.06 - 11:26 am | #
Vrooom vrooom!
-
QuentinCompson
Had to laugh when she showed up at some Hollywood event arm in arm with some actor. Guess Jesse couldn't be persuaded, or vice versa.
.
Al Swearengen |
Homepage |
08.26.06 - 11:26 am | #
the companies who were trying to sell me money
No suprise there...
FeralL-Cheezhed Hadenough |
08.26.06 - 11:27 am | #
Feral,
Actually, there is a pig roast today at my sister's and her fiance's house on the Grand River.
(I have lots and lots of sisters - my mom was a baby cranking machine.)
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:27 am | #
blerb,
Let's hope Ernesto runs out of gas. But I remember earlier this summer looking at the record water temps off the Gulf Coast and wondering how that would play out once the winds came in from Africa.
noblejoanie |
08.26.06 - 11:27 am | #
Feral,
Got your e-mail, by the way, and I'll definitely write you back later on this evening. I'm certain we can set-up a lovely gathering.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:28 am | #
Vicki, BTW did you get my email? Sent to the comcast addy.
FeralLiberal |
08.26.06 - 11:28 am | #
what is wrong w/ an arm ? most people move in a few years, so why pay the risk premium for a 30 year fixed when you don't end up using it ?
mrmaps |
08.26.06 - 11:28 am | #
meanwhile, in the world of natural rather than man-made disasters, Ernesto is now headed directly for NO, with no change in the forecast reasoning that suggests it will be Cat 3+ when it gets there, exactly on the anniversary of Katrina.
Don't worry. The Bush people will get it right this time.
Maybe.
Could be.
Hey . . . no one could have imagined that New Orleans would get hit by ANOTHER hurricane a year after Katrina. Who'd a thought?
Supreme Commander Thor |
08.26.06 - 11:28 am | #
Feral ~
Ha ha ha. Great midwestern minds think alike!
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:29 am | #
People have this "they can't mass-fuck the entire population, can they?" attitude. When, of course, they can, and will.
Verdad tan, el skillet casero, tan verdad.
Ellos copulate de la voluntad el cráneo del público.
billy b - howlin' wolf |
08.26.06 - 11:29 am | #
You answered my question before I could ask it.
FeralLiberal |
08.26.06 - 11:29 am | #
the appraised value of my home fell by about $ 30,000 in just two years
Bought casa de Toonscribe in 1992 for $214,000 here in SoCal. Now, a couple down the street have their house on the market, slightly smaller than ours, for $775,000. I always wonder who can afford to buy these things now. Of course, with the declining home market, we'll see what the actual selling price is.
Toonscribe, 25% more blognuts |
08.26.06 - 11:29 am | #
Actually, there is a pig roast today at my sister's and her fiance's house on the Grand River.
And you don't have the pig yet? Aren't you runninga bit late?
blerb |
08.26.06 - 11:29 am | #
He may have been right, but a mortgage and falling property prices are not what keeps us up at night.
noblejoanie
We did that too. But with two kids in college for three years we had to refinance. FAISA wasn't willing to give us any help til we remortgaged and took most of the equity out. Still, because we had lived in the house for 16 years, we were able get enough out of it to buy our current apartment outright. After 9/11 a lot of Manhattenites wanted to move to the boroughs and the apartment has now tripled in value. Even with falling prices, we should get at least double what we paid for it. Not too shabby.
ql in ny |
Homepage |
08.26.06 - 11:29 am | #
When I worked in this sector 20 years ago, I was loath to offer the new "instruments" called ARMs. It made no sense and I couldn't justify doing it to people, although it's always "their" choice. So, I'd sell fixed rate with a vengence, and 30 year term at that...
Al Swearengen | Homepage | 08.26.06 - 11:21 am
I did a two year stint (97-99) in the closing department of a mortgage bank. Our LO's weren't fond of ARMs and neither were our underwriters, the LOs didn't push them. The customer was the one interested in them. It didn't seem to occur to them that interest rates were going to go back up, sooner or later.
Buckeye, Dealer of Rare Coins |
08.26.06 - 11:29 am | #
He hasn't gone insane. He just happened to be pimping the solution that would be better for banks long term and horrible for consumers long term.
I re-financed a fixed rate mortgage shortly after his statement. I figured it was a bell ringer for low interest rates. Remember, at the time he knew he was going to be raising rates a lot over the next couple of years.
George Johnston |
Homepage |
08.26.06 - 11:30 am | #
Where's the fortress?
Less than 2 hours northeast of Burlington. I'm only teaching one day a week on campus (AM and PM), my other job is pretty much setup now to keep me off the road so I can podcast and blog officially, so there's not much point to living in any particular place. Sell the house, take out the equity, install satellite internet here in the woods, and I'm golden.
Nothing happening yet. Gotta finalize a couple things with the divorce and just let things simmer for a while before I do anything rash. But dayum, it's tempting...
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 11:30 am | #
Feral,
I really should be running errands. Have a ton to do today...but no, here I sit, at Eschaton, while it is peaceful and noise free.
It's very, very humid here at the moment - I'd say the dewpoint feels like it is in the high 70s. Makes it kind of unappealing to think about bumping in to mass quantities of people at the farmers market when it's this sticky out, but I really need to go there.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:31 am | #
Actually, there is a pig roast today at my sister's and her fiance's house on the Grand River.
Don't let Chimpy find out. He loves those things.
plantsman, lowercase |
Homepage |
08.26.06 - 11:31 am | #
It's Bush's "Ownership Society".
Get screwed on your ARM as interest rates rise, miss a few payments, and the bank owns your house.
Stinky |
08.26.06 - 11:31 am | #
Mrmaps - why would you say "most people move in a few years"? I don't think that is the case at all. The only time it works (if your goal is to keep moving into a bigger and bigger house (?) is when prices continously rise - and fast. When interest rates have nowhere to go but up (even Greenspan couldn't prop up Bush's fake economy forever) prices deflate (costs more to buy the house on the loan side).
Jill |
08.26.06 - 11:32 am | #
Then LFoD will tell you you WANTED to live under that bridge.
plantsman, lowercase |
Homepage |
08.26.06 - 11:33 am | #
Google has $4 Billion cash on hand. Maybe they can help.
Troutski
Yeah, that's right up there with the 7 pound perch and his claim that no one could have imagined the levees would break...
Stinky |
08.26.06 - 11:33 am | #
Good luck there, NTodd! Vermont's a beautiful state, I can see how the beauty surrounding you would keep you there.
I'd like to sell my house and just move anywhere away from here.
Maybe in a year or two - once I get the health shit behind me, and once I figure out where I'm going in life and what I'm going to do (going back to get my Masters will keep me here for a couple of years - beyond that, it's wherever my heart takes me).
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:33 am | #
what is wrong w/ an arm ? most people move in a few years, so why pay the risk premium for a 30 year fixed when you don't end up using it ?
Well, if you're planning to move after a few years, maybe it make sense. I don't know where you get the 'most people' thing, though. Almost everyone I know that buys a house stays in it at least 10 years before selling. The only time I sold a house before that amount of time was when I got divorced 4 years after buying a house with my ex. I sold her my portion for 0$.
Five years later, she sold the house and reaped over 100K profit. Good for her.
Mark B. in Austin Texas |
08.26.06 - 11:34 am | #
Don't let Chimpy find out. He loves those things.
plantsman, lowercase
Seeing as how there will be a whole BUNCH of union Democrats there, I say:
BRING. HIM. ON!
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:34 am | #
It is an absolutely flawless morning out here - 85F, no humidity, glittering air and sky, a sweet breeze - just the day to start the planting.
GWPDA, Really Irritated |
Homepage |
08.26.06 - 11:35 am | #
Hey . . . no one could have imagined that New Orleans would get hit by ANOTHER hurricane a year after Katrina.
The storm is a long way out there. Hopefully it will veer one way or the other. The weather people attempting to give the thing a direct path at this point is irresponsible. More fear-mongering.
billy b - howlin' wolf |
08.26.06 - 11:35 am | #
as a loan officer, i can see a couple of points that don't give the whole story. there are ethical loan officers out there really interested in getting their client the best deal. this is the only way to survive this field. you want your client to refer you to friends, family, milk man, whatever and you don't do this by bait and switching. any of you out there with an ARM adjusting soon or a high rate due to poor credit a few years ago should at least look into a fixed rate. if you have bad credit, a 2 yr arm is where it is at. any LO that wants to add a prepay on a conforming non-negative amortization loan does not know what they are doing. oye ve
Devin Kelley |
08.26.06 - 11:36 am | #
No turn turn matters ugly, but do you have options for treating the fibroids, or do you know yet? I can't imagine you less-than-mobile, somehow.
plantsman, lowercase |
Homepage |
08.26.06 - 11:36 am | #
Presidential hopeful Senator Allen (R-VA)is in deep trouble.
The last-minute change in plans came minutes after a man identifying himself as a University of Virginia law school student broke in front of reporters at an event at Staunton's Holiday Inn, forcefully asking the senator, "Have you ever used the word n-----?"
Allen, caught off-guard but still smiling, put his hands on the man's shoulders and offered to speak to him later, but aides quickly led the man out of the room and Allen soon boarded his bus and left.
"Once in a while you get ambushed," Allen said before leaving the event, a luncheon attended by a nearly all-white crowd of Greater Augusta Regional Chamber of Commerce members. "That's OK. That's part of it."
The senator was expected to roll up to City Hall half an hour later, but about a dozen Democratic protesters, an equal number of local Republicans and several city council members and city staff who had gathered along Beverley Street were left shaking their heads.
db |
08.26.06 - 11:37 am | #
Hello moonbats
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 11:37 am | #
Who cares about mortgages? Aren't they just pieces of paper?
George Johnston |
Homepage |
08.26.06 - 11:37 am | #
ql--Haloscan ate my reply. Where are you going to move to realize your gain? Moving/downsizing for us makes no sense. The grand plan in Madison seems to be for us empty nesters to sell houses with yards and move into a downtown condo, wildly overpriced, I might add. We're staying put.
noblejoanie |
08.26.06 - 11:37 am | #
Don't let Chimpy find out. He loves those things.
He'll have Condi with him. He'll be in the Hawaiian shirt and long shorts wearing black socks with his sandals and carrying a bottle of Jack, and she'll in her her DKNY shorts and belly shirt (the one with "I'm not a Secretary of State, but I play one on TV" on the front) and pink Candies. You can't miss them.
Supreme Commander Thor |
08.26.06 - 11:37 am | #
Google has $4 Billion cash on hand. Maybe they can help.
Troutski
That won't last 2 weeks in Iraq...
billy b - howlin' wolf | 08.26.06 - 11:33 am
Something one should keep in mind. If one can.
-
QuentinCompson |
Homepage |
08.26.06 - 11:38 am | #
Almost everyone I know that buys a house stays in it at least 10 years before selling.
Hmmmmmm..... As of May, this marks the longest I have lived in any one property in my entire 104 year long life - four years. Out west I would suspect this was rather more common than not - with California marking the variant now of course, but that has more to do with Prop 13 and the bizarre market than inclination or preferred behavior.
GWPDA, Really Irritated |
Homepage |
08.26.06 - 11:38 am | #
Our first mortgage in 1981 was at 17%. When we finally got an 8% mortgage we thought we had gone to pig heaven.
ql in ny
Can't recall a worse time to finance anything. Cost Carter the presidency IMO.
It didn't seem to occur to them that interest rates were going to go back up, sooner or later.
Buckeye, Dealer of Rare Coins
I simply don't get the logic of what's happening. You have the huge run-up in real estate valuation at the same time real income/earnings tend towards flat or decliining amongst a shrinking middle class whose income doesn't meet tradtional qualifying debt ratios.
So where's the ship heading if property values far exceed most market incomes and interest rates are moving higher?
.
Al Swearengen |
Homepage |
08.26.06 - 11:39 am | #
Sr. B:
Chingan el pueblo llano.
Lime Rickey |
08.26.06 - 11:39 am | #
Ooh. Condi in Candies! There's an image I wouldn't have thought of.
plantsman, lowercase |
Homepage |
08.26.06 - 11:40 am | #
More fear-mongering.
billy b - howlin' wolf
You can see the models at weatherunderground.com. (Click the "tropical" tab.) Two have it aimed for somewhere around Biloxi, one toward the Mexico/Texas border, and one generally towards NOLA.
Hubby was saying yesterday it wasn't expected to get above Cat 1 if that, but today the discussion is closer to 3.
Virginia |
08.26.06 - 11:40 am | #
Remember when the rule of thumb was your mortgage shouldn't exceed 2.5 times your gross annual income?
noblejoanie |
08.26.06 - 11:40 am | #
Since Greenspan allowed exotic derivatives for the investor class, I demand the right to resell my 4.9% mortgage.
Troutski |
08.26.06 - 11:40 am | #
Vicki,
It's thick here too. I'm still at work, but on my way home soon. Hellacious week, but the paycheck will be nice.
OK, out for a while, should be back this evening.
FeralLiberal |
08.26.06 - 11:40 am | #
George Allen? President? please.
General Zod |
Homepage |
08.26.06 - 11:41 am | #
Hello, Moonbootica! What's the weather in Devizes?
plantsman, lowercase |
Homepage |
08.26.06 - 11:41 am | #
plantsman,
I'll find out on Tuesday about treatment. Obviously, I would prefer the least invasive method possible, but, I have one caveat: I really need to get on with my life at this point (pursuit of new job, etc.), so I don't want to dink around with several D&Cs, stuff like that, that takes months and months of time. (Happened to a friend - went on for over a year before they finally did surgery. I don't have that kind of time to waste.) I just want to have it done with.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:43 am | #
Hubby was saying yesterday it wasn't expected to get above Cat 1 if that, but today the discussion is closer to 3.
Virginia
Don't live there but if I did I'd look and sea surface temperatures in the Gulf and plan accordingly.
.
Al Swearengen |
Homepage |
08.26.06 - 11:45 am | #
Vicki, I hear you. My thoughts for a savvy doctor and a decisive, effective treatment. And a lovely pig roast, of course!
plantsman, lowercase |
Homepage |
08.26.06 - 11:45 am | #
I just want to have it done with.
Vicki, Who ♥ Al Gore
Dammit. May your improved health be swift, uncomplicated and in every way satisfactory.
Virginia |
08.26.06 - 11:46 am | #
Wha Hoppen to TS Debbie? She just sputter out mid-Atlantic?
plantsman, lowercase |
Homepage |
08.26.06 - 11:46 am | #
Chingan el pueblo llano.
Si. heh.
billy b - howlin' wolf |
08.26.06 - 11:46 am | #
George Allen? President? please.
General Zod
Grand Kleegle, maybe.
Imperial Wizard? No way... not smart enough.
And too mean.
SteveLG, pre 9/11 to the bone |
08.26.06 - 11:46 am | #
Wha Hoppen to TS Debbie? She just sputter out mid-Atlantic?
plantsman, lowercase
Headed for Iceland, i think :>)
Virginia |
08.26.06 - 11:47 am | #
Mummy making weather.
Troutski |
08.26.06 - 11:47 am | #
Once again, Phoenix leads the country - housing sales have now fallen more completely than anywhere else. On the other hand, my house 'increased' its value by 200% over the course of the last 18 months, which directly affected my property tax. We are told that the drop in sales will likely drive down the value by some 80%.
I wish I could do maths.
GWPDA, Really Irritated |
Homepage |
08.26.06 - 11:48 am | #
I'd look and sea surface temperatures in the Gulf and plan accordingly.
Water temps in the Gulf are ranging between 84 and 87 degrees. Look for rapid strengthening if Ernesto enters the Gulf as predicted.
Toonscribe, 25% more blognuts |
08.26.06 - 11:50 am | #
I finally realized that the democratic party has no ideas or no plan.
Holden A. |
Homepage |
08.26.06 - 11:50 am | #
From an academic perspectived his comments were accurate. However he delivered them not as an academic but as Fed Chariman, before congress I believe.
Additionally his comments were of a thoretical and historical nature. When it comes to the nitty gritty of financial decision making timing has to enter the picture. At the time of his comments we were 20 years into a bond bull market. He mentioned this in passing but it was in fact the elephant in the room. A bet against a long term rising trend of interest rates was a fools bet. Knowing what he knew made it doubly bad because he knew that a bout of rising rates was sure to be Fed policy soon.
It is impossible to know motives but the inescapable conclusion is that his remarks were meant to encourage ARM's so as to keep the mortgage credit creation machine humming. What other possible motive could he have had for a lectue on the history of mortgages?
rapier |
08.26.06 - 11:50 am | #
To be honest, I wouldn't mind being away from work for a few weeks, either. (Think of the job hunting I could do during recovery...) However, whatever is safest and best works for me.
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:51 am | #
The Cheney presidency
By Robert Kuttner | August 26, 2006
GEORGE W. BUSH has been faulted in some quarters for taking an extended vacation while the Middle East festers. It doesn't much matter; the man running the country is Vice President Dick Cheney.
When historians look back on the multiple assaults on our constitutional system of government in this era, Cheney's unprecedented role will come in for overdue notice. Cheney's shotgun mishap, when he accidentally sprayed his host with birdshot, has gotten more media attention than has his control of the government. http://www.boston.com/news/globe...ney_presidency/
Memories of Unka Dick.
-
QuentinCompson |
Homepage |
08.26.06 - 11:51 am | #
noblejoanie, cool informative link for Vicki!
plantsman, lowercase |
Homepage |
08.26.06 - 11:52 am | #
I've seen the light. I changed my party affiliation to the GOP.
Holden A. |
Homepage |
08.26.06 - 11:52 am | #
I finally realized that the democratic party has no ideas or no plan.
I've really missed your M-F, 8-5 posts, Augs.
.
Jeffraham Prestonian |
Homepage |
08.26.06 - 11:52 am | #
Okay, really outta here. Gotta go bump into sticky people at the farmers market (but when I think of the delicious produce, it's worth it).
Maybe catch you all much later tonight (or for a bit in the afternoon, while my pie is baking).
*Mwah, moonbats!
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:52 am | #
Water temps in the Gulf are ranging between 84 and 87 degrees.
It was ninety-frickin'-four out there this time last year.
Virginia |
08.26.06 - 11:52 am | #
I finally realized that the democratic party has no ideas or no plan.
Which democratic party?
db |
08.26.06 - 11:52 am | #
You can see the models at weatherunderground.com. (Click the "tropical" tab.) Two have it aimed for somewhere around Biloxi, one toward the Mexico/Texas border, and one generally towards NOLA.
Been looking at it since yesterday. As Max Mayfield stresses often, look at the cone. As far out as the storm is now, the probabilities of strike for even Monday are only 20-30%.
The problem with forecasting the direct path of the storm at this point is that a lot of people will let their guard down.
billy b - howlin' wolf |
08.26.06 - 11:53 am | #
plantsman,
I know! Noblejoanie rocks!
Vicki, Who ♥ Al Gore |
Homepage |
08.26.06 - 11:53 am | #
Hello moonbats
Moonbootica, Opera Buff | Homepage | 08.26.06 - 11:37 am | #
Hi Moonbootica! I was thinking about you the other evening...Mr. SHG asked me which Roman emperor most closely resembled the Chimperor. We ruled out Caligula, I suggested Commodus. Whom do you think?
hellkitty (SHG) |
08.26.06 - 11:53 am | #
Hello moonbats
Moonbootica, Opera Buff | Homepage | 08.26.06 - 11:37 am | #
Hi Moonbootica! I was thinking about you the other evening...Mr. SHG asked me which Roman emperor most closely resembled the Chimperor. We ruled out Caligula, I suggested Commodus. Whom do you think?
hellkitty (SHG) |
08.26.06 - 11:53 am | #
The Republican Party has horrible ideas and no plan.
plantsman, lowercase |
Homepage |
08.26.06 - 11:53 am | #
The Republican Party has horrible ideas and no plan.
plantsman, lowercase
I guess that's why we won the past 3 elections...
Holden A. |
Homepage |
08.26.06 - 11:54 am | #
I guess that's why we won the past 3 elections...
Thanks for 2006!
.
Jeffraham Prestonian |
Homepage |
08.26.06 - 11:55 am | #
[SNORT!]
Virginia
I knew you were a pig
Holden A. |
Homepage |
08.26.06 - 11:55 am | #
I guess that's why we won the past 3 elections...
No, you won by appealing to people's ignorance and baser natures. GOP governance has been a disaster of Biblical proportions.
plantsman, lowercase |
Homepage |
08.26.06 - 11:56 am | #
Will see Prestonian.
Have a great weekend.
Holden A. |
Homepage |
08.26.06 - 11:56 am | #
I've seen the light. I changed my party affiliation to the GOP.
Will you be enlisting, too?
db |
08.26.06 - 11:56 am | #
I guess that's why we won the past 3 elections...
Holden A.
Uh, Holdmy Cock, you STOLE the last three elections. You're gonna have to come with a hell of a lot more game than that around here.
Care to try again?
billy b - howlin' wolf |
08.26.06 - 11:57 am | #
One thing that the trolls that frequent this place don't seem to understand is that winning elections has nothing to do with governing.
That seems evidently clear over the past eight years.
This isn't fucking student council elections. It is the future of our country. A future that Republicans have well and truly fucked up.
Kid Charlemagne |
08.26.06 - 11:57 am | #
Some newshead said something about Max Mayfield being hushed-up or demoted. Anybody know anything about it?
plantsman, lowercase |
Homepage |
08.26.06 - 11:57 am | #
Europe’s leaders on Friday sought to tone down the looming confrontation over Iran’s nuclear programme after Russia made clear it did not favour sanctions against Tehran. Politicians and diplomats from several EU countries held out the prospect of further talks with Iran, despite their disappointment with Tehran’s response to an international offer to freeze the most sensitive part of its programme.
On Friday, both Javier Solana, EU foreign policy chief, and diplomats from leading EU countries evoked the possibility of further talks, while Jacques Chirac, the French president, carefully described the Iranian response as “ambiguous”.
“We would like to have some talks with the leadership of Iran before we can come out with the complete response to that document,” Mr Solana told Spanish radio. “I hope to do that before the end of the month.” He also raised the possibility of technical talks.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 11:58 am | #
No, you won by appealing to people's ignorance and baser natures. GOP governance has been a disaster of Biblical proportions.
plantsman, lowercase
so you are saying there was 53 million ignorant people in November 2004.
Holden A. |
Homepage |
08.26.06 - 11:58 am | #
The problem with forecasting the direct path of the storm at this point is that a lot of people will let their guard down.
billy b - howlin' wolf
I don't watch weather on TV so I guess I don't get exposed the forecaster hysteria.
I just get paranoid in mid-July and stay that way until at least October.
Virginia |
08.26.06 - 11:59 am | #
When will you realize, it's all about voter turnout, and the GOP will have a larger turnout in November '06, that's why you all are going to lose.
Have a great weekend...
Holden A. |
Homepage |
08.26.06 - 11:59 am | #
so you are saying there was 53 million ignorant people in November 2004.
NO. I'm saying most of you WERE (not was) fooled into voting against your own and the nation's interests.
plantsman, lowercase |
Homepage |
08.26.06 - 12:01 pm | #
Vicki and plantsman--gosh, thanks.
Vicki--you take good care, sweetie.
noblejoanie |
08.26.06 - 12:01 pm | #
That seems evidently clear over the past eight years.
This isn't fucking student council elections. It is the future of our country. A future that Republicans have well and truly fucked up.
Kid Charlemagne | 08.26.06 - 11:57 am | #
Kid your almost correct. The bad governing occurred 6 years ago. YOu know that's why America wanted a change in 2000, which caused Gore to lose. Keep trying.
Holden A. |
Homepage |
08.26.06 - 12:01 pm | #
It didn't seem to occur to them that interest rates were going to go back up, sooner or later.
Buckeye, Dealer of Rare Coins
I simply don't get the logic of what's happening. You have the huge run-up in real estate valuation at the same time real income/earnings tend towards flat or decliining amongst a shrinking middle class whose income doesn't meet tradtional qualifying debt ratios...
Al Swearengen | Homepage | 08.26.06 - 11:39 am |
The borrowers, especially the ones in their 20's, also didn't seem to realize that the economy wasn't going to be that good forever. They were buying much bigger houses-and taking on much bigger loans-than they needed to be.
And we'd keep get loan apps from from folks with 10's of thousand in credit card debt, but with lots of money in the bank. The LO's had to sit down with them and explain the math.
Buckeye, Dealer of Rare Coins |
08.26.06 - 12:01 pm | #
One thing that the trolls that frequent this place don't seem to understand is that winning elections has nothing to do with governing.
It's closer to being really fanatical about a particular football team, I think.
Virginia |
08.26.06 - 12:01 pm | #
I just get paranoid in mid-July and stay that way until at least October.
Virginia
Which is the best approach, by far. Especially living in FL.
BTW, I love FL.
billy b - howlin' wolf |
08.26.06 - 12:01 pm | #
The director of the National Hurricane Center, Max Mayfield, will step down after this year:
"I'm tired," he said Friday, providing the simple explanation for his leaving. "I'm tired of staying up till midnight, 1 a.m. The last two seasons have taken a toll. It's time to move on."
Mayfield walks away from his $156,000 job, effective Jan. 3 to give the National Oceanic and Atmospheric Administration plenty of time to find a new director. He already is promoting Ed Rappaport, the center's deputy director and a veteran forecaster, for the role.
Troutski |
08.26.06 - 12:02 pm | #
Auggy, you said Lamont would lose the primary, and he won it. If nothing else, you're no psychic.
plantsman, lowercase |
Homepage |
08.26.06 - 12:02 pm | #
The bad governing occurred 6 years ago. YOu know that's why America wanted a change in 2000, which caused Gore to lose.
Smokin' crack will fuck up your head.
Supreme Commander Thor |
08.26.06 - 12:02 pm | #
why is Hell-O-Scan double posting things again?
hellkitty (SHG) |
08.26.06 - 12:02 pm | #
I see Auggy's posting from the trailer.
Supreme Commander Thor
Love/hate. Love the environment, hate what's being done to it. Love the climate (most of the time), hate the fucktards who are running the state.
Virginia |
08.26.06 - 12:03 pm | #
"Donald Rumsfeld is still at the helm of the Department of Defense, which is absolutely outrageous. He served up our great military a huge bowl of chicken feces, and ever since then, our military and our country have been trying to turn this bowl into chicken salad. And it’s not working." General John Batiste, Ret., commanded the 1st ID in Eyerack
I just finished reading the “Wrong About Everything” post. Hilarious. Not only were the war cheerleaders unable to see into the future, they couldn’t even see into the present. This made me think of that famously incorrect prognosticator Nostradamus. I think a new award is in order: The NostraDumbass Award.
Itchy Brother |
08.26.06 - 12:03 pm | #
Gawd, please, could we please get a clever troll for once?
Troutski |
08.26.06 - 12:03 pm | #
Vicki and plantsman--gosh, thanks.
Vicki--you take good care, sweetie.
noblejoanie | 08.26.06 - 12:01 pm | #
Vicki, I had treatment for fibroids and endometriosis last March. Maybe I'll catch you when you come back from market
and have a chance to talk with you.
hellkitty (SHG) |
08.26.06 - 12:04 pm | #
When will you realize, it's all about voter turnout, and the GOP will have a larger turnout in November '06, that's why you all are going to lose.
Your boys aren't going to know what hit them. Book that, bump bump.
The bad governing occurred 6 years ago. YOu know that's why America wanted a change in 2000, which caused Gore to lose.
The bad governing occurred 6 years ago and continues until today.
Gore won the election.
billy b - howlin' wolf |
08.26.06 - 12:04 pm | #
Gawd, please, could we please get a clever troll for once?
“Clever troll” is an oxymoron, don’t ya know?
Supreme Commander Thor |
08.26.06 - 12:04 pm | #
Kid your almost correct. The bad governing occurred 6 years ago. YOu know that's why America wanted a change in 2000, which caused Gore to lose. Keep trying.
Yes, you are right.
American *really* wanted to go from peace and prosperity and balanced budgets to the largest terrorist attack in the history of our country, war, economic stagnation and red ink as far as the eye can see.
Itchy Brother: I just finished reading the “Wrong About Everything” post. Hilarious. Not only were the war cheerleaders unable to see into the future, they couldn’t even see into the present. This made me think of that famously incorrect prognosticator Nostradamus. I think a new award is in order: The NostraDumbass Award.
I just opened the comments window on that, dammit! I thought maybe I'd read what Glenn's trolls had to say... it's good to keep track of the current delusions.
.
Jeffraham Prestonian |
Homepage |
08.26.06 - 12:05 pm | #
Hubby was saying yesterday it wasn't expected to get above Cat 1 if that, but today the discussion is closer to 3.
The feature that gave rise to it had been developing just to the east of the windward islands for quite a while. You can read about that stuff in the "tropical weather outlook" section at the NHC website. As soon as it became a numbered tropical depression, almost three days ago, the NHC people were saying it could become a major hurricane in the Gulf in their discussions, it's just that the official forecast only goes out to 5 days, and it was expected to take longer to develop to that strength because of wind shear in the first 72 hours.
blerb |
08.26.06 - 12:05 pm | #
Voters depressed by their Party's unpopularity tend
to vote less often than fired-up voters. The Terror Train left the station 5 years ago, and people are sick of being scared. A majority doesn't believe the Iraq War is the central front in the war on Terror.
GOP prospects are not good, but you keep on fantasizing about being Holden, hon.
plantsman, lowercase |
Homepage |
08.26.06 - 12:07 pm | #
It was ninety-frickin'-four out there this time last year.
Highest surface temperature I can find for Katrina is 28 celsius (82 degrees F).
Toonscribe, 25% more blognuts |
08.26.06 - 12:07 pm | #
"Bin Laden determined to strike the U.S., "Mission Accomplished", Katrina, etc, etc.
Need I go on. Are you really arguing that Bush has been a good President. you can't be serious right?
Kid Charlemagne |
08.26.06 - 12:07 pm | #
Love/hate. Love the environment, hate what's being done to it. Love the climate (most of the time), hate the fucktards who are running the state.
Yeah. But it's better than the NE/Mid Atlantic. Bad governance is a lot more tolerable in better weather.
Here, The dark and cold set in in min-Nov and don't let up until mid-March (at the absolute earliest.)
Great energy policy, great economic policy, great foreign policy, great environmental policy, brilliant warrior, only ONE major terriss attack(!), great diplomat/representative of the country, hugely improved perception of the US abroad.
Great mushrooms?
Virginia |
08.26.06 - 12:08 pm | #
and it was expected to take longer to develop to that strength because of wind shear in the first 72 hours.
blerb
The discussion I read this a.m. said that the models had strengthening stopping after 96 hours, and they didn't know why. I thought that was weird.
Virginia |
08.26.06 - 12:09 pm | #
i've started reading Seymour M. Hersh Chain of Command, jeez I'm only at the start but it is quite clear the Bush Junta had no fucking plan of what to do after the Iraqi invasion and with the detainees at Gitmo and various prisions round the world.
it is also apparant that they appoint the most incomptent and useless of Generals to run their prision facilities.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:10 pm | #
Great mushrooms?
Virginia
Well, where I live, we do have world famous mushrooms...
billy b - howlin' wolf |
08.26.06 - 12:10 pm | #
It was ninety-frickin'-four out there this time last year.
Highest surface temperature I can find for Katrina is 28 celsius
I think 94 degrees F is not a SST you would find anywhere more than a mile or so offshore in the Gulf. I'm pretty sure that kind of SST only ever happens in places like the Sea of Cortez and the Red sea.
blerb |
08.26.06 - 12:10 pm | #
Toonscribe, what's the water temp in the Gulf now? Higher that 82*?
hellkitty (SHG) |
08.26.06 - 12:11 pm | #
Highest surface temperature I can find for Katrina is 28 celsius (82 degrees F).
Toonscribe, 25% more blognuts
A friend who fishes out there measured it, and I'm positive I saw it on the graphics that only go to 90.
Of course, I have no idea where the phone is right now, so there's that to consider . . .
Virginia |
08.26.06 - 12:11 pm | #
Hersh is a good writer. Keep reading!
plantsman, lowercase |
Homepage |
08.26.06 - 12:11 pm | #
noblejoanie
Looks like we're going to move to Wilmington, DE. We can get twice the space for the same price. NYC is just too darned expensive for us oldsters.
ql in ny |
Homepage |
08.26.06 - 12:12 pm | #
The discussion I read this a.m. said that the models had strengthening stopping after 96 hours, and they didn't know why.
I wonder who wrote that. This is the NHC's 5am EDT forecast:
there is no consolation in tears.
Perhaps someday in some equally bleak future, the descendents of the Bush family will be driven from their homes, as rioters and religious maniacs declare that only Native American relics are to be studied and preserved. As they burn the Constitution, perhaps those radicals will mock Herbert Bush IV as he flees to Canada, crying futile tears and wondering what he did to deserve such a fate, as foolish people destroy what is the heritage of all humanity.
chicago dyke, bene gesserit |
Homepage |
08.26.06 - 12:13 pm | #
Actually, it's easy to see that at least 3 million people are ignorant, frightened bedwetters, in the mold of our fake preznitwit. At this point, anybody that votes Republican is an idiot and cares nothing for their children and grandchildren, whether it's 3 million or 53 million, so, fake holden, the answer is yes, 53 million Americans are stupid and ignorant. and you're one of them.
ronjazz |
08.26.06 - 12:14 pm | #
here in Devizes it is currently 20°C (68°F) with sunny intervals.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:14 pm | #
ql--but won't you miss the vibrancy of NYC?
noblejoanie |
08.26.06 - 12:14 pm | #
MIAMI (Reuters) - The fifth tropical storm of the Atlantic hurricane season, Ernesto, could become a dangerously powerful hurricane in the oil-producing Gulf of Mexico next week, U.S. forecasters said on Saturday.
The U.S. National Hurricane Center said forecasting Ernesto's future strength was riddled with uncertainty.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:16 pm | #
MIAMI (Reuters) - The fifth tropical storm of the Atlantic hurricane season, Ernesto, could become a dangerously powerful hurricane in the oil-producing Gulf of Mexico next week, U.S. forecasters said on Saturday.
The U.S. National Hurricane Center said forecasting Ernesto's future strength was riddled with uncertainty.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:16 pm | #
so you are saying there was 53 million ignorant people in November 2004.
Holden A.
In a population of nearly 3 million? Absolutely, yes.
Buzz Bomb |
08.26.06 - 12:16 pm | #
A bet against a long term rising trend of interest rates was a fools bet. Knowing what he knew made it doubly bad because he knew that a bout of rising rates was sure to be Fed policy soon.
It is impossible to know motives but the inescapable conclusion is that his remarks were meant to encourage ARM's so as to keep the mortgage credit creation machine humming. What other possible motive could he have had for a lecture on the history of mortgages?
rapier
Commented to this very point a few days ago when Atrios brought this subject up.
Following 9/11 and the combined economic effects of that and the tech bubble bursting, it's probably safe to assume a little behind the scenes WH elbowing took place, as in "do something asshole" or you'll be history.
As an economic strategy with political implications, it worked in the short term. Hard to say what the long term effects will be. I'm not optimistic. But, what else could free-marketeers do having already given away the farm with those massive tax cuts targeted to the wealthy?
I'm still outraged that they spent that 1.75 trillion that way rather than investing in national infrastructure, which would have had the same construction employment effects as the housing boom, but with residual economic dividends for decades to come.
Where were Octavian's public works projects when we needed them?
Al Swearengen |
Homepage |
08.26.06 - 12:16 pm | #
here in Devizes it is currently 20°C (68°F) with sunny intervals.
Well, that's better than Berkeley, where it is more like 60 degrees, with a leaden grey sky.
blerb |
08.26.06 - 12:16 pm | #
I meant 300 million, not 3 million.
Buzz Bomb |
08.26.06 - 12:17 pm | #
I need some coffee before I post any more
Buzz Bomb |
08.26.06 - 12:17 pm | #
Darwi Odrade rules!
plantsman, lowercase
So you've been reading Hunters of Dune, then?. I'm still only 1/3 through my re-ead of Heretics.
blerb |
08.26.06 - 12:17 pm | #
BAGHDAD (Reuters) - Iraqi Prime Minister Nuri al-Maliki urged hundreds of tribal leaders gathered in Baghdad on Saturday to unite to end the bitter sectarian bloodshed between Sunnis and Shi'ites that has raised fears of civil war.
"Iraq needs all of its sons during this stage. There is no difference between Sunnis and Shi'ites," he told the meeting, the first in a series to promote dialogue between the warring sects as part of his national reconciliation programme.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:18 pm | #
noblejoanie, thanks that's a good map.
It looks as if Ernesto is going to get a good fix of hot water when he gets to the Gulf.
The other question is whether or not the high pressure dome over TX will move East in time for offshore wind rotation to push it toward the West and closer to TX.
hellkitty (SHG) |
08.26.06 - 12:18 pm | #
Berkeley has a usually clear, warm Sept-Oct ahead of it, though. Were you there for the fire in the hills in October years ago?
plantsman, lowercase |
Homepage |
08.26.06 - 12:19 pm | #
The number of ARM loans made was @ 50% of all home loans last year. Be very afraid.
CNN poll: [which I hope applies to member of FOF and such immediately]
Created: Saturday, August 26, 2006, at 09:40:10 EDT
Is membership in an extremist party by itself enough to fire a state employee?
Ruth, that poll is frightening. Why do so many Americans thirst for fascism?
plantsman, lowercase |
Homepage |
08.26.06 - 12:22 pm | #
CNN poll: [which I hope applies to member of FOF and such immediately]
Created: Saturday, August 26, 2006, at 09:40:10 EDT
Is membership in an extremist party by itself enough to fire a state employee?
Afghan president Hamid Karzai yesterday ordered an investigation into the killing of eight people in a raid that US forces claimed targeted al-Qaida members, according to a statement released by the presidency.
The US military said seven al-Qaida suspects and a child were killed in Thursday's joint American-Afghan operation in eastern Kunar province's Shigal district. Police said civilians, not al-Qaida members, were targeted.
The statement said Mr Karzai had ordered a "thorough investigation" into the killings. Kunar's governor and local officials have gone on a fact-finding trip to the area.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:23 pm | #
Berkeley has a usually clear, warm Sept-Oct ahead of it, though. Were you there for the fire in the hills in October years ago?
plantsman, lowercase
As a matter of fact I was. Well, sort of. I was living in the City for a brief stint at the time. It was also quite warm in Berkeley on October 17, 1989, when the earthquake happened. I was living here then. In fact, but for the grace of the CHP, who had just busted me for not having insurance, I might very well have been inside the Cypress structure when it collapsed.
Anyway, I know that when fall and winter come, I will be able to lord our mild, even warm weather over everybody else, but right now I'm getting a bit tired of this fog...
blerb |
08.26.06 - 12:23 pm | #
Ruth, that poll is frightening. Why do so many Americans thirst for fascism?
plantsman, lowercase | Homepage | 08.26.06 - 12:22 pm | #
because they have been convinced that only "daddy" can save them from threats
(which "daddy" manufactured)
hellkitty (SHG) |
08.26.06 - 12:24 pm | #
'The other question is whether or not the high pressure dome over TX will move East in time for offshore wind rotation to push it toward the West and closer to TX.
hellkitty (SHG)'
All last week it's been predicted that the high will move off starting Sunday [tomorrow]
Ruth |
Homepage |
08.26.06 - 12:24 pm | #
Who gets to define what is an extremist party?
This has to do with the state cop in Nebraska who was a member of the Klan. He got fired not becase he was a member, but, as they say, "he could not uphold public trust while participating in such groups."
Supreme Commander Thor |
08.26.06 - 12:25 pm | #
the fire in the hills in October years ago?
The snow in the hills a few years before then was cool.
-
QuentinCompson |
Homepage |
08.26.06 - 12:25 pm | #
Why do so many Americans thirst for fascism?
Because unlike the Spanish, Germans, Italians, and Japanese, they have not had the highl;y educational experience of seeing their whole country destroyed by it.
blerb |
08.26.06 - 12:25 pm | #
what's the water temp in the Gulf now? Higher that 82*?
I can't find current temps right now -- I seem to be having some computer issues while searching -- but the Weather Channel was saying yesterday the surface temps ranged from 84 to 87.
Toonscribe, 25% more blognuts |
08.26.06 - 12:26 pm | #
All last week it's been predicted that the high will move off starting Sunday [tomorrow]
Ruth | Homepage | 08.26.06 - 12:24 pm | #
Well.... we haven't had a good rain in a while. Are you on high ground Ruth?
hellkitty (SHG) |
08.26.06 - 12:26 pm | #
plantsman, it's scary too that so many are seemingly assuming that 'extremist groups' is defined as something strangely offbeat - how 'bout them Focuz On Family types?
Ruth |
Homepage |
08.26.06 - 12:26 pm | #
'Are you on high ground Ruth?
hellkitty (SHG)'
Very high and far from a large body of water. Never has flooded here yet.
Ruth |
Homepage |
08.26.06 - 12:28 pm | #
Britain could just as easily slip into fascism btw (and actually you can see the seeds being planted now, what with ID cards, fingerprinting children, sharing data and Reid - an ex-stalinist - saying we need to give up our civli liberties).
and it pisses me off that the majority of my fellow Brits are quite happy to go a long with it.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:28 pm | #
surface temps ranged from 84 to 87.
Toonscribe, 25% more blognuts | 08.26.06 - 12:26 pm | #
I was down at Rockport on the 8th. Saw fish there that don't usually arrive until September. The water was pretty warm but the big jellies kept me from swimming (that and the vibrio)
hellkitty (SHG) |
08.26.06 - 12:29 pm | #
yes, Al. so we do.
i tremble when i recall that these chickens are going to come home to roost. and the fact that i haven't been wrong yet, not about the fate of iraq's antiquities, the result of the invasion, or the ultimate price we will pay for this war. it's not over, by a long shot, nor have we paid the gore tax with which bush as mortgaged our future. but we will.
chicago dyke, bene gesserit |
Homepage |
08.26.06 - 12:29 pm | #
Very high and far from a large body of water. Never has flooded here yet.
Ruth | Homepage | 08.26.06 - 12:28 pm | #
That's good. I'm on high ground too, but the dry creek below us has gotten very full. I have seem propane tanks and cars float by on at least one occasion.
hellkitty (SHG) |
08.26.06 - 12:31 pm | #
The snow in The Berkeley/Oakland Hills was awesome. From SF it looked like the Alps for a while. Thanks for jogging the memory!
plantsman, lowercase |
Homepage |
08.26.06 - 12:33 pm | #
Britain could just as easily slip into fascism btw (and actually you can see the seeds being planted now, what with ID cards, fingerprinting children, sharing data and Reid - an ex-stalinist - saying we need to give up our civli liberties).
and it pisses me off that the majority of my fellow Brits are quite happy to go a long with it.
Moonbootica, Opera Buff | Homepage | 08.26.06 - 12:28 pm |
I'm not sure that there is any country that is immune to fascism if it is presented in the right way. Lots of people everywhere are quite happy to give up rights as long as they think no one is going to come after them.
____league |
08.26.06 - 12:33 pm | #
OK, having had wayyyy too much fun on the NDBC web site, I found a buoy off Appalachicola that had temps from 30.0 to 30. 4 on the 28th and 29th. Can't figure out how to do the C to F conversion on my little calculator thingy.
Virginia |
08.26.06 - 12:35 pm | #
30C is 86F, courtesy of Mac desktop conversion widget.
plantsman, lowercase |
Homepage |
08.26.06 - 12:36 pm | #
Biden rocked on Hardball the other day. He was in Iowa, and he was not pleased with the staus quo.
plantsman, lowercase |
Homepage |
08.26.06 - 12:37 pm | #
chidyke, did you notice that the former head of the museum in Iraq has been so threatened that he's gone into hiding? [I looked for the article I read, but couldn't find it.]
Ruth |
Homepage |
08.26.06 - 12:37 pm | #
Looks like we're going to move to Wilmington, DE. We can get twice the space for the same price. NYC is just too darned expensive for us oldsters.
When?
billy b - howlin' wolf |
08.26.06 - 12:38 pm | #
off Appalachicola that had temps from 30.0 to 30. 4 on the 28th and 29th.
30.0 to 30.4 C. is 86 to 87 F.
Toonscribe, 25% more blognuts |
08.26.06 - 12:38 pm | #
ql--but won't you miss the vibrancy of NYC?
noblejoanie
Yup. Which is why we're moving to Wilmington, 1 hr. and 20 mins from NYC, 1 hr and 30 mins from DC and 45 mins via public transport to Philly. The logical place for us to move is Portland, OR. We have family out there and the weather is much nicer. But I'm skeered to leave the east coast.
ql in ny |
Homepage |
08.26.06 - 12:38 pm | #
ql--but won't you miss the vibrancy of NYC?
noblejoanie
Yup. Which is why we're moving to Wilmington, 1 hr. and 20 mins from NYC, 1 hr and 30 mins from DC and 45 mins via public transport to Philly. The logical place for us to move is Portland, OR. We have family out there and the weather is much nicer. But I'm skeered to leave the east coast.
ql in ny |
Homepage |
08.26.06 - 12:38 pm | #
'I have seem propane tanks and cars float by on at least one occasion.
hellkitty (SHG'
Do any of them have two of every animal aboardf?
Ruth |
Homepage |
08.26.06 - 12:39 pm | #
30.0 to 30.4 C. is 86 to 87 F.
Toonscribe, 25% more blognuts
Did I actually hallucinate 94 degrees? I can't believe it.
Back to the archives, Robin!
Virginia |
08.26.06 - 12:41 pm | #
Portland. If we were to move from Madison, there's a place I'd like to call home.
noblejoanie |
08.26.06 - 12:41 pm | #
ql, life is possible in the Portland area. Stumptown is no Big Apple, but things could be much worse.
plantsman, lowercase |
Homepage |
08.26.06 - 12:41 pm | #
Greetings, rational people.
So, it looks like Ernesto is beginning to suggest a storm for the gulf.
I don't think we need to worry, though. FEMA and DHS will handle everything. They'll be ready this time.
Tony Blair's holiday was at a definite end as he battled to contain festering discontent within his Party on several fronts.
The Prime Minister had barely crossed the threshold at Downing Street following three weeks in Barbados when nearly 40 Labour activists announced they were defecting in protest at his Lebanon policy.
Pressure is also growing on the premier to name his departure date, amid poor poll ratings and reported concern among ministers that the Government is "drifting".
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:41 pm | #
QL, you would love living in Portland.
Its a great town. It has a vibrant center city filled with bookstores, galleries and a great arts scene. The food is outstanding too. Of course the scenery and environment are fabulous too.
hellkitty (SHG) |
08.26.06 - 12:42 pm | #
QL, you would love living in Portland.
Its a great town. It has a vibrant center city filled with bookstores, galleries and a great arts scene. The food is outstanding too. Of course the scenery and environment are fabulous too.
hellkitty (SHG) |
08.26.06 - 12:42 pm | #
yes, Al. so we do.
i tremble when i recall that these chickens are going to come home to roost. and the ...tax with which bush as mortgaged our future.
chicago dyke, bene gesserit
Actually, I was offering homage to your appealing, if unattainable, allure all the while understanding full well that the price of it might be my hand in your box, you with needle at the ready should I waver and flinch.
That said, I agree with your point.
.
Al Swearengen |
Homepage |
08.26.06 - 12:42 pm | #
Paulison is at least semi-competent, but I wouldn't want to be in a FEMA trailer in Waveland next week.
plantsman, lowercase |
Homepage |
08.26.06 - 12:43 pm | #
Chidy has a gom jabbar?
plantsman, lowercase |
Homepage |
08.26.06 - 12:44 pm | #
US military officials in Kabul say a breakthrough agreement has been reached with Afghan and Pakistani military leaders that will improve security along the volatile Afghan-Pakistan border. Some experts are skeptical, however, saying deep problems remain in relations between Kabul and Islamabad despite any tactical agreements on counterterrorism operations.
Under their new accord, the military forces of Pakistan and Afghanistan will conduct coordinated and simultaneous patrols along their respective sides of the border to prevent Islamic militants from moving between the two countries.
US and NATO troops in Afghanistan also will participate in patrols aimed at improving security along the nearly 2,500-kilometer border.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:44 pm | #
'FEMA and DHS will handle everything. They'll be ready this time.'
If the object is urban renewal, right you are.
Ruth |
Homepage |
08.26.06 - 12:45 pm | #
Capitalizing on the coming storm, Jehovah's witnesses just bro't me a tract on their plan to save the rainforests. I think I won't read it, but isn't that darling?
Ruth |
Homepage |
08.26.06 - 12:47 pm | #
as with social security .... the hymmie hebrew bastards and their financed public facilitators would like to have you out there pimping your own ass and just delivering the profits after you've turned their trick.
trouble in the sky |
08.26.06 - 12:48 pm | #
If the object is urban renewal, right you are.
Ruth |
Note: That was a sardonic laugh. I was listening to NPR while in the car, and they've ramped up the NOLA coverage.
Even though many grains of salt were required to sit through the presentation, it's clear that 'urban renewal' just might have a new meaning.
Diane |
Homepage |
08.26.06 - 12:50 pm | #
F = (9/5)C + 32
____league
Thanks, I knew the formula but didn't see how to do it on my computer's calculator. What I should have done was look for something like . . .
Virginia, this should help:
hellkitty (SHG)
. . . which does, indeed, help.
OK, I'm all outta powder on the gulf temp from last year. Don't know how I managed to misremember so stunningly with absolute confidence. Let this be (yet, another, again) lesson to me.
Virginia |
08.26.06 - 12:51 pm | #
I think I won't read it, but isn't that darling?
Ruth
I'd be really interested to know what they have to say about it!
Virginia |
08.26.06 - 12:52 pm | #
Diane, TX's school system is so impacted by the NO population that's still here, it's pretty amazing, and of course the Feds are not paying half of the expenses being incurred. Yep, the mountain has come to Mohammad.
Ruth |
Homepage |
08.26.06 - 12:54 pm | #
I'd be really interested to know what they have to say about it!
If you stop by our laundry room on Tuesday, their latest literature will be there.
plantsman, lowercase |
Homepage |
08.26.06 - 12:55 pm | #
ciao dinner is nearly ready at Chez Moonbootica.
Rump Steak with salad and chips.
Moonbootica, Opera Buff |
Homepage |
08.26.06 - 12:55 pm | #
'I'd be really interested to know what they have to say about it!
Virginia '
betcha it's on their website, but if you want it, the pamphlet's yours.
Ruth |
Homepage |
08.26.06 - 12:55 pm | #
betcha it's on their website, but if you want it, the pamphlet's yours.
Ruth
OK, you got me: Not that interested.
Virginia |
08.26.06 - 12:56 pm | #
Katrina's damage lingers for Bush
WaPo via MSNBC ^
A FReeper figures out why:
As we speak, the Soros contingent is scheming about how to make the next hurricane look like a disaster. Soros is tracking those hurricanes, believe it. His only challenge is figuring out which public officials can be paid off to help screw things up so Bush can be used as a scapegoat.
Soros causes the hurricanes, too. You wingnuts don't stand a chance against his awesome power.
Lime Rickey |
08.26.06 - 12:57 pm | #
So, it looks like Ernesto is beginning to suggest a storm for the gulf.
I don't think we need to worry, though. FEMA and DHS will handle everything. They'll be ready this time.
/sarcasm
Diane
Can't decide whether to pay attention to this one or not.
Rita was supposed to do to Houston what Katrina supposedly did to NO (it was the leveees, not the storm!) Then it decided, finally, to make landfall at Beaumont, quite a ways north and east of here.
So I'll just hope it doesn't boil up enough to do much damage. Still, hurricanes are the price of living on the Gulf. One reason there are so few major cities in the region. 100+ years later, and Galvestion is still not the city it was in 1900.
Rmj, Street Credentialed |
Homepage |
08.26.06 - 12:57 pm | #
Thanks, I knew the formula but didn't see how to do it on my computer's calculator.
A child of the new math?
Who wrote the SF short story in which the great discovery was that mathematical calculations could actually be done by hand instead of by machine?
____league |
08.26.06 - 12:57 pm | #
Ruth, that poll is frightening. Why do so many Americans thirst for fascism?
plantsman,
We have that tendency. I recently saw the first half of the PBS special on Elia Kazan, Arthur Miller, and the McCarthy hearings and it reminded me how easily our government can be taken over by fascists.
The truly "un-American" body was the HUAC itself. And so many people were willing to play along ... unbelievable ...
Brooklyn Girl |
08.26.06 - 12:57 pm | #
Diane, TX's school system is so impacted by the NO population that's still here, it's pretty amazing, and of course the Feds are not paying half of the expenses being incurred. Yep, the mountain has come to Mohammad.
Ruth
And, in general, has done a better job with it than one could have expected from such an underfunded system.
Rmj, Street Credentialed |
Homepage |
08.26.06 - 12:58 pm | #
I was astonished to hear how little of the appropriated money for Katrina relief has actually been spent. And little of that for rebuilding.
plantsman, lowercase |
Homepage |
08.26.06 - 12:58 pm | #
Did we ever get an update about all the NOLA refugees who were taken to that xtian camp in OK?
ql in ny |
Homepage |
08.26.06 - 1:00 pm | #
I was astonished to hear how little of the appropriated money for Katrina relief has actually been spent. And little of that for rebuilding.
plantsman, lowercase | Homepage | 08.26.06 - 12:58 pm |
I would be willing to bet that the bombed out cities of Germany and Japan looked better by the summer of 1946 than New Orleans looks now.
____league |
08.26.06 - 1:00 pm | #
Who wrote the SF short story in which the great discovery was that mathematical calculations could actually be done by hand instead of by machine?
____league
And did I mention, "lazy?"
Virginia |
08.26.06 - 1:00 pm | #
A child of the new math?
Who wrote the SF short story in which the great discovery was that mathematical calculations could actually be done by hand instead of by machine?
____league | 08.26.06 - 12:57 pm | #
I certainly am a child of new math.
A short story you might like is "When Bears Discover Fire" by Terry Bisson.
hellkitty (SHG) |
08.26.06 - 1:00 pm | #
Soros causes the hurricanes, too. You wingnuts don't stand a chance against his awesome power.
Lime Rickey
I thought Kos did.
Virginia |
08.26.06 - 1:01 pm | #
His only challenge is figuring out which public officials can be paid off to help screw things up so Bush can be used as a scapegoat.
Don't make me laugh. Senor Mierdas Touch fucks up things just fine.
plantsman, lowercase |
Homepage |
08.26.06 - 1:01 pm | #
BGirl, ACLU is the boogeyman to our rightwingers these days, all the while defending to the death their right to be wingnutty. I expect the public is getting pretty sick of that variety of extremism now, tho, since it's biting their pocketbooks really, really hard [and gas is going up as Ernesto looms]
Ruth |
Homepage |
08.26.06 - 1:02 pm | #
My car has outside temp in C.
to convert while driving:::
Diane, TX's school system is so impacted by the NO population that's still here, it's pretty amazing, and of course the Feds are not paying half of the expenses being incurred. Yep, the mountain has come to Mohammad.
Ruth
That's interesting, because one of the NPR snippets was about the NOLA SD. Keep in mind that the thrust of the report was to emphasize how dysfunctional NOLA was as a city before Katrina in terms of criminal justice, governmental corruption and education (as if only NOLA had that problem).
It's clear to me that if NOLA is actually rebuilt, it will be a nice, white, middle class version of Disneyland. The rest of the country will absorb the poverty without recompense, while the investing class will make out like bandits.
(OK, I'm beginning to sound like Joel from the OT. I'll stop soon because my stamina is down right now.)
Diane |
Homepage |
08.26.06 - 1:04 pm | #
RMJ, my understanding is that there have been a lot of confrontations in Houston and Dallas between locals and the NO exes. Must be hellacious, not being able to go home and having everyone mad at you for it.
Ruth |
Homepage |
08.26.06 - 1:05 pm | #
For the finanicially challenged, does Atrios think fixed rates are good or bad?
Del Capslock |
08.26.06 - 1:05 pm | #
For Mac users, the conversion widget does so much stuff, if you don't have it, take a look. Teensy download.
plantsman, lowercase |
Homepage |
08.26.06 - 1:06 pm | #
It's clear to me that if NOLA is actually rebuilt, it will be a nice, white, middle class version of Disneyland. The rest of the country will absorb the poverty without recompense, while the investing class will make out like bandits.
I think this is exactly what's going on. Wait out the displaced folks -- "We just can't agree on a redevlopment plan!" -- hope the rest of the country forgets about that nasty little detail, pay the homeowners .05 on the dollar . . . paradise!
Virginia |
08.26.06 - 1:07 pm | #
Is the Audubon Zoo doing okay?
plantsman, lowercase |
Homepage |
08.26.06 - 1:09 pm | #
,i>For Mac users, the conversion widget does so much stuff, if you don't have it, take a look. Teensy download.
plantsman, lowercase
O. M. G. It's right there!
And did I mention, "space cadet?"
Virginia |
08.26.06 - 1:09 pm | #
I wasn't just kidding about urban renewal, supposedly the housing prices are zooming in NO and the repossessions have left a lot of mortgagors owning a whole bunch of property. Better than Kelo
Ruth |
Homepage |
08.26.06 - 1:09 pm | #
For the finanicially challenged, does Atrios think fixed rates are good or bad?
Del Capslock | 08.26.06 - 1:05 pm | #
Depends on the situation. In most cases fixed rates are probably better.
____league |
08.26.06 - 1:12 pm | #
I'm gonna take a nice, long bath, have some lunch, and contemplate adult ADHD.
Y'all have a luverly afternoon, y'hear?
Virginia |
08.26.06 - 1:12 pm | #
I think this is exactly what's going on. Wait out the displaced folks -- "We just can't agree on a redevlopment plan!" -- hope the rest of the country forgets about that nasty little detail, pay the homeowners .05 on the dollar . . . paradise!
Virginia |
And what galls me is that the new and improved NOLA will steal the reputation of the old for its adverts.
Diane |
Homepage |
08.26.06 - 1:12 pm | #
I think this is exactly what's going on. Wait out the displaced folks -- "We just can't agree on a redevlopment plan!" -- hope the rest of the country forgets about that nasty little detail, pay the homeowners .05 on the dollar . . . paradise!
Virginia
Problem with that is: Disneyland runs on vassals, as NO did. They lived in the low regions, like the 9th Ward.
Everyone loved the charm of the Quarter, and the hotels and restaurants, and never considered how impoverished the workers were who made it all possible. Or the dock workers who made shipping possible.
You can remake NO as Disneyland, but somebody's got to sweep up and wash the dishes.
Rmj, Street Credentialed |
Homepage |
08.26.06 - 1:13 pm | #
not so far...
havent felt the need, today...
they tell me that, if i feel an angina even taking place, i'm supposed to put a nitro tab under my tongue, and wait to see if the pressure subsides...if it doesnt, then do a sceond, and if no result, then do a third, and if still no result, lie down and call 911...
kinda mortal 3-strikes-and-out...
think is, the doc sez i gotta carry 'em at all times...which could be a hassle, in as much as i'm basically too careless to be living alone...
i filled the scrip this morning, and got 25 tabs for about 12 bux, no discount, just straight up...seems like a bargain to me...
so, as yet, no official detonations...
i'll letcha know, though, how it goes...
WoodyGuthrie'sGitarron |
Homepage |
08.26.06 - 1:14 pm | #
At Disney World, aren't the vassals in a huge network of subterranean stuff?
plantsman, lowercase |
Homepage |
08.26.06 - 1:16 pm | #
WGG, train the puppies to go for help, why doncha?
Ruth |
Homepage |
08.26.06 - 1:16 pm | #
The cost of Katrina clean-up: $200 Million
the cost of trailers and life-supports for victims: $200Million
Ethnically cleansing NOLA, driving out the lower-class, and working class blacks, making it a safe place for gated, whites-only communities: PRICELESS!
.
WoodyGuthrie'sGitarron |
Homepage |
08.26.06 - 1:17 pm | #
For the finanicially challenged, does Atrios think fixed rates are good or bad?
Yes, he does think they are good or bad.
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 1:17 pm | #
___league: Depends on the situation. In most cases fixed rates are probably better.
Good. I just refinanced my mortgage and rolled in my apr equity loan at fixed 6.5%
Del Capslock |
08.26.06 - 1:18 pm | #
At Disney World, aren't the vassals in a huge network of subterranean stuff?
And yet, millions flock to WDW and Epcot and Disneyland, all the while ignoring the vassals that work there. Kinda like the cruise ships with all the underpaid servants on board. As long as we have a good time, why worry about the other half?
General Zod |
Homepage |
08.26.06 - 1:19 pm | #
The NOLA police were some of the lowest paid in the nation, iirc, and rife with corruption as a result.
plantsman, lowercase |
Homepage |
08.26.06 - 1:19 pm | #
i have signaled my agent that if they call, we should consider their offer...
.
WoodyGuthrie'sGitarron |
Homepage |
08.26.06 - 1:21 pm | #
WGG, train the puppies to go for help, why doncha?
Ruth - 1:16 pm
their little legs can't reach the pedals, mainly...
WoodyGuthrie'sGitarron |
Homepage |
08.26.06 - 1:22 pm | #
So much for that Bush Bump in the polls Other issues, however, certainly are preoccupying voters. Bush’s approval rating has taken a slight dip since the last NEWSWEEK Poll in mid-August. While 38 percent of respondents approved and 55 percent disapproved of his job performance back then, now 36 percent approve and 56 percent disapprove. That approval figure nearly matches the president’s all-time low of 35 percent in May.
Some potential factors contributing to that slippage: his handling of the economy (with 37 percent approving and 58 percent disapproving) and the situation in Iraq (31 percent vs. 63 percent). Both of these results also approach all-time lows. The only semblance of a silver lining remains his handling of terrorism and homeland security, with 49 percent approving and 45 percent disapproving. But unfortunately for Bush, his approval rating on that issue edged downward as well, from 55 percent in mid-August.
Attaturk |
Homepage |
08.26.06 - 1:23 pm | #
okay, time for me to close my eys a bit before I go do the phone bank for Glennmelancon2006.com, y'all give him sum support, y'hear?
Ruth |
Homepage |
08.26.06 - 1:24 pm | #
okay, your puppies don't do athletics, hmm?
Attaturk, wunnerful news, thks.
sine off now
Ruth |
Homepage |
08.26.06 - 1:26 pm | #
I was astonished to hear how little of the appropriated money for Katrina relief has actually been spent. And little of that for rebuilding.
plantsman, lowercase
Yeah, I was shocked - next you'll be telling me no-bid govt contracts screw the taxpayer
kitten killer |
08.26.06 - 1:27 pm | #
Good. I just refinanced my mortgage and rolled in my apr equity loan at fixed 6.5%
Del Capslock | 08.26.06 - 1:18 pm |
6.5% will probably look pretty good a few years from now.
Adjustables never made sense to me when rates were low. The only place they could go was up. The first rate increase would probably put you above the fixed rate you could have got.
We had an adjustable rate mortgage once. It went 7, 7, 7, 9, 11, 9, 7, and at that point we grabbed a fixed rate at 6%. Have never regretted it even though rates were below that for quite a while.
____league |
08.26.06 - 1:28 pm | #
Did I actually hallucinate 94 degrees? I can't believe it.
In the middle of the day, in full sun, in shallow water not very far from shore, right at the surface, 94 degrees is not at all a preposterous reading. It's just that such shallow, localized very warm water is not really germane to the development of hurricanes. But 87 degrees is plenty warm enough.
blerb |
08.26.06 - 1:29 pm | #
Considering racial missteps by conservatives in the last couple weeks, Crooks and Liars finds this: And in one you may not have heard about, a Baptist church in Mississippi voted out a 12-year-old boy who "asked Jesus to live in his heart" — because the child is biracial and church members didn’t want the black side of his family attending with him.
plantsman, lowercase |
Homepage |
08.26.06 - 1:29 pm | #
hey wgg - good to see ya back.
does the nsa realize that you are now allowed to carry nitro on a plane?
dirk gently, sociopathetic |
08.26.06 - 1:31 pm | #
I think this is exactly what's going on. Wait out the displaced folks -- "We just can't agree on a redevlopment plan!" -- hope the rest of the country forgets about that nasty little detail, pay the homeowners .05 on the dollar . . . paradise!
Virginia |
I'm beyond WT's desk. Please, Mr. Rmjeffers, might I have a chit for Bedlam?
Diane |
Homepage |
08.26.06 - 1:33 pm | #
Litz, that's a public sevice!
plantsman, lowercase |
Homepage |
08.26.06 - 1:33 pm | #
thanks, plantsman. I thought it was hilarious.
We have a shockingly large number of these monsters on the road here. I hate them and whenever I see one, I give them a one-fingered salute.
Litz |
Homepage |
08.26.06 - 1:38 pm | #
hey wgg - good to see ya back.
does the nsa realize that you are now allowed to carry nitro on a plane?
dirk gently, sociopathetic - 1:31 pm
dat's gonna be our little surprise...heheheh...
the reports of my demise were greatly exaggerated...(i always wanted to say that).
.
WoodyGuthrie'sGitarron |
Homepage |
08.26.06 - 1:38 pm | #
This country isn't living up to its self-generated PR very well. Time to export Republicans and other racist homphobic misogynists.
ronjazz |
08.26.06 - 1:39 pm | #
Ethnically cleansing NOLA, driving out the lower-class, and working class blacks, making it a safe place for gated, whites-only communities: PRICELESS!
.
WoodyGuthrie'sGitarron | Homepage | 08.26.06 - 1:17 pm
And economically 'cleansing' as well, a form of urbicide-they are killing NOLA, if they are allowed to get away with it.
Buckeye, Dealer of Rare Coins |
08.26.06 - 1:39 pm | #
10000reasons.org - 10,000 reasons our civilization is doomed.
i don't believe them, tho. bush is not #1. he's at #26.
dirk gently, sociopathetic |
08.26.06 - 1:40 pm | #
Corps of Engineers has just announced NOLA's levees might not be able to withstand a Category 3
hit.
plantsman, lowercase |
Homepage |
08.26.06 - 1:41 pm | #
Hey Jeff--how's the job hunt? Did they call you back?
Halfdan |
08.26.06 - 1:42 pm | #
the reports of my demise were greatly exaggerated...(i always wanted to say that).
I always wanted to say that "the 3,000 Colombian, Venezuelan, Mexican, Argentine, Turkish, Persian, Thai, Indonesian, Pinay, South Chinese, Korean, Mongolian, Russian, Czech, Polish, Hungarian, Angry Scotch and Swedish girls who had been working or enrolled at a charm school which just happened to be located at my palatial everythingproof geodesic dome villa in Switzerland will be compensated generously for their kindness from my vast fortune of billions of Siberian diamonds."
for your safety |
08.26.06 - 1:42 pm | #
WGG, train the puppies to go for help, why doncha?
Ruth - 1:16 pm
their little legs can't reach the pedals, mainly...
WoodyGuthrie'sGitarron | Homepage | 08.26.06 - 1:22 pm
You have three, correct? So one takes care of the pedals, one steers, one takes care of shifting, if you have stick shift.
Buckeye, Dealer of Rare Coins |
08.26.06 - 1:44 pm | #
(Angry Scotch is different from Scottish.)
for your safety |
08.26.06 - 1:44 pm | #
(Angry Scotch is different from Scottish.)
is it a single malt?
dirk gently, sociopathetic |
08.26.06 - 1:45 pm | #
the reports of my demise were greatly exaggerated...(i always wanted to say that).
i have always wanted to say "you like me! you really really like me!"
dirk gently, sociopathetic |
08.26.06 - 1:47 pm | #
woody - glad to hear your okay. I keep telling the younguns that growing old aint for the feeble.
ql in ny |
Homepage |
08.26.06 - 1:47 pm | #
Halfdan: Hey Jeff--how's the job hunt? Did they call you back?
The graphics/techie gig? Not yet, but it's only been a few days...
.
Jeffraham Prestonian |
Homepage |
08.26.06 - 1:48 pm | #
Corps of Engineers has just announced NOLA's levees might not be able to withstand a Category 3
hit.
Well, gosh, that's something new and different!
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 1:49 pm | #
Corps of Engineers has just announced NOLA's levees might not be able to withstand a Category 3
hit.
Well, gosh, that's something new and different!
NTodd, Queersatz Fagerach |
Homepage |
08.26.06 - 1:49 pm | #
And economically 'cleansing' as well, a form of urbicide-they are killing NOLA, if they are allowed to get away with it.
no offense, but it looks like they already did get away with it. If insurance companies don't have to pay, middle class and poor will not have the means to rebuild, clearing the way for the casinos, hotels, etc. that wish to invest there.
General Zod |
Homepage |
08.26.06 - 1:49 pm | #
"Ernesto" mania is a welcome relief from "John Mark Karr" mania.
plantsman, lowercase |
Homepage |
08.26.06 - 1:49 pm | #
Scotch and Swedish girls ...
for your safety | 08.26.06 - 1:42 pm | #
I've never met an actual Scots who called themselves Scotch.
Buckeye, Dealer of Rare Coins |
08.26.06 - 1:50 pm | #
This is right after they popped up the ceiling of credit card rates to, what is it now, 36%?
Who wouldn't want a 30 year mortgage with a 36% interest rate?
raisin |
08.26.06 - 1:50 pm | #
Well, gosh, that's something new and different!
A year later? Color me surprised!
Supreme Commander Thor |
08.26.06 - 1:51 pm | #
A year later? Color me surprised!
Supreme Commander Thor |
this is not a time in history when you want to be colored.
dirk gently, sociopathetic |
08.26.06 - 1:52 pm | #
I've never met an actual Scots who called themselves Scotch.
Buckeye, Dealer of Rare Coins | 08.26.06 - 1:50 pm |
It is apparently a Sassenach faux-antiquism, like calling England "Albion" or calling Frenchers "Franks."
for your safety |
08.26.06 - 1:52 pm | #
our very own Scout and LB are liveblogging a conference on NOLA over at first draft.
ql in ny |
Homepage |
08.26.06 - 1:52 pm | #
our very own Scout and LB are liveblogging a conference on NOLA over at first draft.
ql in ny |
Homepage |
08.26.06 - 1:52 pm | #
this is not a time in history when you want to be colored
This is not the time you want to be in this country with Bush trying to run everything in the ground.
Supreme Commander Thor |
08.26.06 - 1:54 pm | #
Always thought Greenspan should have been easing up on rates in the later 90's. We would have gotten different growth than what we got.
bcf |
08.26.06 - 1:55 pm | #
with Bush trying to run everything in the ground.
if one assumes that is what he is trying to do, one must admit he has been the most successful president ever.
dirk gently, sociopathetic |
08.26.06 - 1:55 pm | #
I've never met an actual Scots who called themselves Scotch.
Buckeye, Dealer of Rare Coins | 08.26.06 - 1:50 pm |
It is apparently a Sassenach faux-antiquism, like calling England "Albion" or calling Frenchers "Franks."
for your safety | 08.26.06 - 1:52 pm
I was under the impression that it was a Britishism, since the Brits I've known called them Scotch. The Scots I've known may not have known of the original origin, but they detested the Brits calling them Scotch.
Buckeye, Dealer of Rare Coins |
08.26.06 - 1:56 pm | #
Greenspan got out before his house of shit came crashing down.
The low, low interest rates at the start of Chimpy's term have led almost directly to huge increases in commodity and asset prices.
Hell, if you can borrow at 1-2%, why not then buy a chunk of a copper mine somewhere.
sally |
08.26.06 - 1:57 pm | #
The Launch of Atlantis has been postponed at least
one day.
plantsman, lowercase |
Homepage |
08.26.06 - 1:58 pm | #
Corps of Engineers has just announced NOLA's levees might not be able to withstand a Category 3
hit.
Well, gosh, that's something new and different!
NTodd, Queersatz Fagerach | Homepage | 08.26.06 - 1:49 pm
Not sure the levees would be able to withstand a tropical storm, never mind a Category 3.
Buckeye, Dealer of Rare Coins |
08.26.06 - 1:58 pm | #
Scots are Brits.
I think you mean the Scots detest the English.
sally |
08.26.06 - 1:58 pm | #
Always thought Greenspan should have been easing up on rates in the later 90's. We would have gotten different growth than what we got.
I dunno. I think that what should have been done is for all that excess wealth to have been taxed more, both to pay down the national debt and to put people to work upgrading vital infrastructures, like the levees protecting NO. That would have served both to dampen the inflation of asset valuation bubbles and to shore up weakening consumer demand with wage growth rather than capital extracted from appreciating assets.
But of course, the political will to do that was nonexistent.
blerb |
08.26.06 - 1:59 pm | #
What the blank has the Corps been doing all this time?
plantsman, lowercase |
Homepage |
08.26.06 - 1:59 pm | #
I think you mean the Scots detest the English.
sally | 08.26.06 - 1:58 pm
You are correct, I wasn't being as precise as I should have been. My former neighbor did really have a problem with the English, not the Brits.
Buckeye, Dealer of Rare Coins |
08.26.06 - 2:02 pm | #
What the blank has the Corps been doing all this time?
Doing shooters at Hooters.
joe |
08.26.06 - 2:03 pm | #
What the blank has the Corps been doing all this time?
plantsman, lowercase
That would have served both to dampen the inflation of asset valuation bubbles and to shore up weakening consumer demand with wage growth rather than capital extracted from appreciating assets.
At the time, the actual inflation of tangible assets was virtually zero. We had the highest real interest rates at that time in history. I thought the high cost of financing real capital improvements is what contributed to the whole "irrational exuberance" of stock valuations.
But according to my theory to work effectively, the decreases in the interest rates should have been occurring in 1996, or no later than 1997.
bcf |
08.26.06 - 2:06 pm | #
I've never met an actual Scots who called themselves Scotch.
John Kenneth Galbraith was born in Ontario.
We referred to ourselves as Scotch and not Scots. When, years later, I learned that the usage in Scotland was different it seemed to me rather an affectation.
____league |
08.26.06 - 2:07 pm | #
I think you mean the Scots detest the English.
What's that line: "Some people hate the English. I don't. They're just wankers. We, on the other hand, are colonized by wankers. Can't even find a decent culture to get colonized by. We're ruled by effete assholes."
Not sure the levees would be able to withstand a tropical storm, never mind a Category 3.
Buckeye, Dealer of Rare Coins
That's OK - no one's there anymore. From an AP article today:
-large parts of New Orleans are uninhabited.
-only one-third of the city's hospitals and less than half of its schools are reopened.
-nearly 60 percent of homes and businesses lack electricity.
-the levees may never be strengthened to a level that could inspire many residents and businesses to return.
-those who want to rebuild have yet to be told how high to raise homes and the money to do it has yet to get to people in Louisiana.
Talk about "giving comfort to our enemies". Bush's greatest "accomplishment" as president is making America look weak, inept and foolish.
Stinky |
08.26.06 - 2:09 pm | #
We're so sorry, Uncle Alan
We're so sorry, but we haven't made a payment all year
We're so sorry, Uncle Alan
But the Bubble's on the burst, and we're so easily caught arrears...
Elmer, PHD |
08.26.06 - 2:10 pm | #
Rock you like a Hurricane-
//***Internet 'Trios Propaganda****
Here's the deal. Interest rates go up. Your housing price falls. Your mortgage payment goes up substantially. You can no longer afford to make your mortgage payment. And, since the market value of your house is now less than the value of your outstanding loan, you can't just sell and trade down. Default. Foreclosure. Cardboard box-
***eND iNTERNETS (TUBES) pROPAGANDA //
You may now turn on your TeeVee, or Listen to (N)PR , where they will spin in the opposite direction of the facts; like this AM for example, trying to tell me NOLA is FORTUNATE to have been the benefactor of a Wx phenomenoen crime housecleaning, so much so (N)PR is spinning faster CW as erNESTO is spinning CCW --- (Thats Counter Conventional Wisdom, Cokie-)