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Wednesday, December 28, 2016

Has this guy "ever" been right?


It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.

DJIA at record highs since Trump election

63 comments:

rrb said...



"Frankly, I find it hard to care much, even though this is my specialty."



being WRONG is your specialty.

wphamilton said...

It's hard to believe that Krugman said that, because he knows better. ALL instant market reactions to Presidential elections are transient, and most of them are just corrections. We said as much here during that initial drop, and nobody really disagreed so it's weird that an economist would get it wrong.

My bet is that he was reacting emotionally out of a personal sense of loss, and was suffering from a psychological denial.

rrb said...

As President Obama prepares to leave office, his legacy will include an increase in the number of Americans using food stamps.
The number of food stamps recipients went up by 10.7 million people, a 32 percent jump, since President Obama took office in 2009, according to data released by the Department of Agriculture (USDA).

In 2009, 33,490,000 people received food stamp benefits. As of October 2016, the last month reported for FY 2016, 44,219,123 people received food stamp benefits, an increase of about 10,729,000.

The U.S. population as of October 1, 2016 was 324,607,826, according to U.S. Census Bureau estimates. Therefore, the 44,219,123 people on food stamps represented 13.6 percent of the population.

The cost of food stamps to taxpayers also increased over the time Obama was in office. As of 2009, all food stamp recipients received up to $50.3 billion in benefits. As of 2016, that number has increased to $66.6 billion, an estimated increase of $16.3 billion.

The average monthly benefit for food stamp recipients, however, remains almost unchanged. In 2009, food stamp recipients received an average monthly benefit of $125.31, while in 2016 they received $125.51.

http://www.breitbart.com/big-government/2016/12/27/under-obama-10-7-million-more-use-food-stamps-a-32-percent-jump/

rrb said...


here's the link, wp:


http://www.nytimes.com/interactive/projects/cp/opinion/election-night-2016/paul-krugman-the-economic-fallout

caliphate4vr said...

When Mr. Obama entered office in 2009, the war in Iraq was wrapping up, and the rest of the region was stable – or as stable as it ever gets.

The picture now is, to put it mildly, vastly different. Libya is in chaos, and ISIS has a foothold there. Iran has advanced its nuclear program, has benefited enormously from sanctions relief, and is indulging its appetite for terrorism and aggression from Lebanon to Yemen. Syria is a killing field. Jordan is endangered. Iraq is fighting a civil war against an enemy whose tactics are barbaric even by Middle Eastern standards, and has, in the process, moved farther into Iran’s orbit. Russia is entrenched in Syria and is a major player elsewhere. Turkey is unstable, hostile, and increasingly making common cause with Russia and Iran; Egypt and the Gulf States are disaffected; Europe is being overrun by migrants; Islamic radicalism of all stripes has spread.

Not content with all that, Mr. Obama has stabbed Israel in the back as he goes out the door. The president entered office convinced that he was smarter than his advisers and determined to disregard the fundamentals of past American policy in the Middle East. He charted his own path, and he is responsible for the results. While his decisions were not the sole reason for the forfeits America has suffered in the Middle East, they were in every case a but-for cause.

Six weeks ago, the American people used the democratic remedy available to them and changed the direction of their government. A month from now that verdict will usher new leadership into the Oval Office. Mr. Obama will exit the stage of government, set up his library, and write his memoirs. But before all that happens — before the Obama era ends – we ought to reflect on how greatly American security has been compromised in the Middle East and elsewhere, how long the road back will be, and how much damage could have been prevented by a little humility and common sense at the top.

rrb said...

Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at any time in the last 13 years, according to a report Tuesday from the New York-based Conference Board.

Key Points

Confidence index increased to 113.7 (forecast was 109) from a revised 109.4 in November
Measure of consumer expectations for the next six months rose to 105.5, the highest since December 2003, from 94.4
Present conditions index fell to 126.1 from 132
Share of Americans expecting better business conditions six months from now rose to 23.6 percent, the highest since February 2011, from 16.4 percent

https://www.bloomberg.com/news/articles/2016-12-27/u-s-consumer-confidence-index-increased-to-113-7-in-december




0linsky is quickly becoming the incredible shrinking asshat.


C.H. Truth said...

WP...

I expected to hear Krugman make this sort of statement. He "always" believes that those who follow a Keynesian philosophy are more worthy, and I am sure he believes that most investors agree with him.

He's one of those people who have argued about the stock market doing better during Democratic administrations than Republican administrations (without consideration for things like cyclical movement or the great recession both wiping out all Bush gains, and providing Obama was an artificially low starting point.

In other words, he believes his own nonsense.

rrb said...



When Obama chose to lead the anti-Israel lynch mob at the Security Council last week, he did more than deliver the PLO terrorist organization its greatest victory to date against Israel. He delivered a strategic victory to the anti-American forces that seek to destroy the coherence of American superpower status. That is, he carried out a strategic strike on American power.

By leading the gang rape of Israel on Friday, Obama undermined the rationale for American power. Why should the US assert a sovereign right to stand against the radical forces that control the UN? If US agrees that Israel is committing a crime by respecting the civil and human rights of its citizens to live in Jerusalem, Judea and Samaria, then how can America claim that it has the right to defend its own rights and interests, when those clash with the views of the vast majority of state members of the UN?

http://www.truthrevolt.org/commentary/glick-obamas-war-against-america

KD , HB Krugman said...

It's hard to believe that Krugman said that, because he knows better. ALL instant market reactions to Presidential elections are transient, and most of them are just corrections. We said as much here during that initial drop, and nobody really disagreed so it's weird that an economist would get it wrong.

My bet is that he was reacting emotionally out of a personal sense of loss, and was suffering from a psychological denial."

WP, as I do agree with you that Krugman believes it, so does your dear friend HB.

He was in full glee mode the Night that Hillary was slain politically by Trump, at the US Markets dropping ahead of the opening on Nov.9th.

KD, Global Recession ??? said...

So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened." HB Krugman

My god how over blown these liberals get over a loss of the US Presidency, the US Senate, the US House and the vast majority of Govenorships.

KD, Hillary joins Algore, I love it said...

Obama No-Hope-USA screwing our friends the Jewish People.

"Secretary of State John Kerry on Wednesday defended a controversial U.S. decision to abstain on a United Nations vote condemning Israeli settlements on land claimed by Palestinians, saying it was trying to preserve a two-state solution for peace in the region.

"That is what we are trying to preserve for our sake and theirs," Kerry said. "We reject the criticism that this vote abandons Israel."

Kerry thank God Lost when he ran for President.

This idiot believes like Obama that we are "Citizens of the WORLD".

caliphate4vr said...

100% Of US Warming Is Due To NOAA Data Tampering

KD, HB Predicted a Coming US Recession said...

Cali, you do know how to slap the dumb shit out of our good socialist Gorebalist.

Thanks

Roger Amick said...

You really think that the election of Trump, gets all the credit for the DJIA recovery from the 7,000 DJIA when Obama was sworn in?

The DJIA on November Landslide victory day, was approximately 18,500.

To avoid being called a back, back,hacker, post a graph showing the DJIA on January 20, 2008, to today.

The decision by the Federal reserve, was the major reason for this move, not the landslide victory for the candidate who lost the popular vote by an all-time record 2,900,000 votes.

Roger Amick said...

" an artificially low starting point. "

When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average slumped to 7,949.09, the lowest inaugural performance for the Dow since its creation. The S&P 500 and the Nasdaq took similar hits, dropping 5.3 and 5.8 percent, respectively, and fourth quarter earnings reports were on track to drop more than 20 percent over the previous year's figures.



Read more: Where was the Dow Jones when Obama took office? | Investopedia http://www.investopedia.com/ask/answers/101314/where-was-dow-jones-when-obama-took-office.asp#ixzz4UB2mTT77
Follow us: Investopedia on Facebook

Aaron_in_OR said...

Haven't checked in with you guys in a long time.

Just based on number of months since the last recession ended, we are heading into overdue territory.

I seriously doubt it will be as bad as the last one though... probably a fairly mild recession. Trump seems to be in favor of stimulus although I'm not sure where he's going to get the money for things like his wall or the other "big league" infrastructure he talks about. He's going to have to ask a stingy Republican House for it.

Housing starts look like they're in the 1 million range for 2016. That's a nice thing... given that housing starts have been at, literally DECADES lows for the past 9 years. With 1.09 housing starts this year that at least MATCHES previous decades-lows... putting us at about the level we were in the early 1990s recession.

The town I live in now was a GROUND ZERO for the housing crisis. I mean we were a poster boy for it as far as medium-sized towns go. Building permits literally went from thousands in 2007 to low double digits in 2009. I am not kidding - from like 1800 permits pulled in 2007 to something like 26 for 2009. I hope nothing like that returns. It was bad... we were a symbol of the recession to be sure; we lost population, unemployment soared well into the double-digits. It was about mid to late 2014 that you could really see things start to turn around.

Now we have an opposite problem in that rents are soaring since obviously there is population growth but there was basically no housing built for about 6 years. Luckily I bought my house in 2014 just before the egregious rent and home value spikes occurred.

Roger Amick said...

K'putz claim that the housing market is dead. Oop

MARKETS
House Flipping Makes a Comeback as Home Prices Rise
Number of investors flipping homes returns to precrisis levels; big banks get back in the game
0:00 / 0:00
The housing market is back, and so is home flipping. WSJ's Kirsten Grind joins Lunch Break and explains how the number of investors who flipped homes in the first nine months of 2016 reached pre-recession levels. Photo: Dave Franco
By KIRSTEN GRIND and PETER RUDEGEAIR
Updated Dec. 28, 2016 8:03 p.m. ET
134 COMMENTS
House flipping, a potent symbol of the real-estate market’s excess in the run-up to the financial crisis, is once again becoming hot, fueled by a combination of skyrocketing home prices, venture-backed startups and Wall Street cash.

After nearly being felled by real-estate forays almost a decade ago, a number of banks are now arranging financing vehicles for house flippers, who aim to make a profit by buying and selling homes in a matter of months. The sector is small—participants say roughly several hundred million dollars in financing deals have been made in recent months—but is expected to keep growing.

In recent months, big banks, including Wells Fargo & Co., Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. have started extending credit lines to companies that specialize in lending to home flippers. Earlier this month, J.P. Morgan agreed to lend an estimated $60 million to 5 Arch Funding, an Irvine, Calif., company that offers financing to flippers, according to people familiar with the deal.


“The floodgates have opened,” says Eduardo Axtle, a 35-year-old former telecom entrepreneur in Oakland, Calif., who has taken out about 50 home loans over the past five years. These days, he is bombarded by unsolicited emails from brokers offering him access to financing.

The number of investors who flipped a house in the first nine months of 2016 reached the highest level since 2007. About a third of the deals in the third quarter were financed with debt, a percentage not seen in eight years.

Trying to win business, big banks in the past few weeks have flown executives to Southern California—where much of the house-flipping activity is occurring—to organize funding deals, say people familiar with the meetings.

Investors are making an average profit of about $61,000 on each flip, up from about $19,000 at the bottom of the market in 2009, according to housing-research firm ATTOM Data Solutions, which is the parent company of real-estate website RealtyTrac. The calculation measures the difference between the housing value when an investor purchases the home and when it is sold.

KD, HB is worse then Clueless said...

When all you have is low IQ and a landslide election that feel on your head I forgive you for repeatedly lying.

"claim that the housing market is dead"

Never

I really had hope for HB, really, even tho he knows nothing of construction, cost or bids, I believe he knows how to be a very good step n fetch.

The facts are more blacks are renters today then home owners, the reverse was true prior to this presidency.

To show how little HB knows about all things Construction, homes, wealth and housing markets, he points to this as a pure gold standard "House flipping",, I know, no one of his advanced age should be this completely stupid.


Megyn Kelly: On the subject of race, are we better off today that seven years ago?

Tavis Smiley: I’m not sure we are and I think ultimately the president missed a moment… On every leading economic issue, in the leading economic issues Black Americans have lost ground in every one of those leading categories. So in the last ten years it hasn’t been good for black folk. This is the president’s most loyal constituency that didn’t gain any ground in that period. "

I use the Megyn Kelly Leftist Hero quote with Tavis Smiley because it has instant credibility.

When your hero on one hand called House Flipping a major problem that in part lead to the US Housing meltdown during the Bush Years, she was out buying houses, "flipping " them and banking huge profits.

"Five months after purchasing Veo Vessels’ old home, Warren flipped the property, selling it for $115,000 more than she’d paid."

It was not the only time she did it, she went back to that well at least five more times.




KD, Warren/Bernie Leading the Dems, YES Please said...

This is a very good article in my opinion:

"From the always-perceptive University of Missouri-Kansas City economist Michael Hudson [previously], writing at his blog:


This election showed that voters have a sense of when they’re being lied to. After eight years of Obama’s demagogy, pretending to support the people but delivering his constituency to his financial backers on Wall Street, “Identity politics” has given way to the stronger force of economic distress. Mobilizing identity politics behind a Wall Street program will no longer work.

If we are indeed experiencing a revival of economic class consciousness, who should lead the fight to clean up the Democratic Party’s Wall Street leadership? Will it be the Wall Street wing, or can Bernie and perhaps Elizabeth Warren make their move?

There is only one way to rescue the Democrats from the Clintons and Rubin’s gang. That is to save the Democratic Party from being tarred irreversibly as the party of Wall Street and neocon brinkmanship. It is necessary to tell the Clintons and the Rubin gang from Wall Street to leave now. And take Evan Bayh with them.

The Democratic Party can save itself only by focusing on economic issues – in a way that reverses its neoliberal stance under Obama, and indeed going back to Bill Clinton’s pro-Wall Street administration. The Democrats need to do what Britain’s Labour Party did by cleaning out Tony Blair’s Thatcherites. As Paul Craig Roberts wrote over the weekend: “Change cannot occur if the displaced ruling class is left intact after a revolution against them. We have proof of this throughout South America. Every revolution by the indigenous people has left unmolested the Spanish ruling class, and every revolution has been overthrown by collusion between the ruling class and Washington.” Otherwise the Democrats will be left as an empty shell.

Now is the time for Bernie Sanders, Elizabeth Warren and the few other progressives who have not been kept out of office by the DNC to make their move by appointing their own nominees to the DNC. If they fail, the Democratic Party is dead."

We need more people writing like this.

Commonsense said...

Schumer: Kerry ‘emboldened extremists on both sides’

Starting with the white working class and ending with the betrayal of their Jewish supporters Obama's destruction of the Democrat party is now complete.

caliphate4vr said...

Schumer: Kerry ‘emboldened extremists on both sides’

on the legacy blog, Roger thinks the volume pf words the asshole Kerry spoke is what matters. Not what he said the length of his diatribe and lecture is what is important

KD LESS Blacks own homes today then 6 years ago said...

Schumer: Kerry ‘emboldened extremists on both sides’

Starting with the white working class and ending with the betrayal of their Jewish supporters Obama's destruction of the Democrat party is now complete. "

CS

The damage Obama has done to the US and our Friends will take two terms to undo, and I have HOPE he can do it.

Kerry is a pawn and scum.


Jan 20th, 2017 can not come soon enough, it is time to take out the trash that are the Obama's.

Commonsense said...

I only go to the legacy blog when Rat post. His posts tend to be pithy, to the point, and humorist.

Commonsense said...

*humorous (auto-correct sucks)

KD, President Trump Job Machine said...

Dem Whip Steny Hoyer blasts Obama pre-vote against Isreal


Commonsense said...
I only go to the legacy blog when Rat post. His posts tend to be pithy, to the point, and humorist. "

Yep. HyperBolic Mutt's post are wrong, stupid and wondering, not a drop humor.


KD said...

Obama's Leaves office "no-hope-USA"

President Trump starts his two terms with "Made in America".

That is what a landslide brings, HOPE, Real Change and Wealth Creation to those willing to work.

Work, we may have to teach some in the USA what that means to work for a pay check and not a interloper gov't check.

rrb said...

The sector is small—participants say roughly several hundred million dollars in financing deals have been made in recent months—but is expected to keep growing.
_____________________________________________________________________________________________________________________________________

numbnuts,

house flipping is to the housing market as ferrari and porsche sales are to the auto industry.

rrb said...

Anonymous caliphate4vr said...
100% Of US Warming Is Due To NOAA Data Tampering
_____________________________________________________________________________________________________________________________________

shocking, not.

when it comes to the warmyl cooling crowd you can't go wrong if you simply follow the money.

those assholes will continue to cook the books to keep the government $$$ flowing into their corrupt little pockets.

rrb said...

As Paul Craig Roberts wrote over the weekend: “Change cannot occur if the displaced ruling class is left intact after a revolution against them.
____________________________________________________________________________________________________________________________________

yet democrats stayed the course by appointing two coastal liberal elites to lead them. and their leading candidate for DNC chair is a member in good standing of the moose-limb brotherhood.

i can appreciate the effort of some more thoughtful and pragmatic dems to sound the alarm and offer suggestions, but their advice will continue to fall on deaf ears as long as "RUSSIA!!!11!" and "FAKE NEWS!!!11!" are what's being used as excuses to explain away the clinton shellacking.

and when it comes to economics, democrats are and always will be a one-trick donkey. redistribution is all they know. they know nothing of actual wealth creation. all they know is that for those of us who actually have created some wealth for ourselves, we're evil, greedy, and must be required to pay our "fair share." and amount that is never truly defined, but a liberal just knows it when he sees it.

mr. 'spread the wealth around' and all of his lackeys have been shown the door. the blue-collar working class has decided to take a shot on a guy who has shown a talent for creating wealth. not just stealing it from others.

rrb said...

Blogger Commonsense said...
I only go to the legacy blog when Rat post.
_____________________________________________________________________________________________________________________________________

well thanks, i appreciate that.

the alky has wrecked it to the point that it really needs to be shut down. that's why i reserve my posting to humorous vids and the like. and i STILL get more comments than the alky.

go figure.

rrb said...



Thus, it’s fitting that John Kerry’s last major act as secretary of state is a speech that offers up hot nonsense, a bitterly hostile address that called Israel’s government “the most right-wing in Israeli history, with an agenda driven by its most extreme elements.” (Mind you, the opposing side in this conflict elected Hamas, an actual terrorist group, to govern the Gaza Strip.)

[...]

The cement hardens on the Obama-Kerry foreign-policy legacy: They were toothless and hapless against ISIS, Bashar al-Assad, North Korea, Iran, Russia, China, and the world’s worst and most ruthless regimes. But as for Bibi Netanyahu, they came down on him like a ton of bricks.


http://www.nationalreview.com/article/443392/john-kerry-secretary-state-failure-weakness?utm_source=jolt&utm_medium=email&utm_campaign=Jolt%2012/29/2016&utm_term=Jolt

rrb said...

Jonathan Schanzer, a Middle East expert and vice president for research at the Foundation for Defense of Democracies, told the Free Beacon that he spoke with U.S. officials in September who admitted that “a U.N. measure of some shape or form was actively considered,” a charge that runs counter the White House’s official narrative.

“We know that this administration was at a minimum helping to shape a final resolution at the United Nations and had been working on this for months,” Schanzer said.

“This isn’t terribly dissimilar from the administration’s attempts to spin the cash pallets they sent to Iran,” he added, referring to the administration’s efforts to conceal the fact that it sent the Iranian government some $1.7 billion in cash.

“The fact is, the administration has been flagged as being an active participant in this U.N. resolution,” Schanzer said. “Now they wish to try to spin this as inconsequential. This was an attempt by the administration to lead from behind, as they have done countless times in the past and which has failed countless times in the past.”

As with the meeting between Kerry and Erekat, the phone call between Biden and Ukrainian President Petro Poroshenko has been confirmed multiple times by a plethora of sources in the United States, Israel, and Europe following the Free Beacon’s initial report.

Israeli Prime Minister Benjamin Netanyahu said in a weekly cabinet meeting that “the Obama administration initiated [the resolution], stood behind it, coordinated on the wording and demanded that it be passed.”

The administration has not yet addressed the discrepancy between its own narrative and that being revealed in the press.

One veteran foreign policy insider and former government official who requested anonymity in order to speak freely described senior Obama administration officials as “lying sacks of shit” who routinely feed the press disinformation.

A senior congressional aide who is working on a package of repercussions aimed at the U.N. told the Free Beacon the administration is scrambling to provide excuses in response to the breakdown in its own narrative regarding the resolution.

“The administration got caught red handed, and now they’re talking out of both sides of their mouth,” said the source, who was not authorized to speak on record. “First they claimed the resolution was simply not objectionable. Now they say it will actually help advance peace. These denials only look more ridiculous with each passing day as new evidence surfaces that the White House was behind this anti-Israel resolution.”

The Obama administration has been caught several times misleading the public about its campaign to discredit Israel, including the funding of an organization that sought to unseat Netanyahu in the country’s last election, according to one congressional adviser who works with Republican and Democratic offices on Middle East issues.

http://freebeacon.com/national-security/white-house-defense-exposed-architect-anti-israel-u-n-action/

rrb said...



When I came home from my last TV hit, the kids, ages 4 and 5 months, were asleep. The house was quiet. I was still full of caffeine and do-gooder energy and decided to tidy up.

Among the clutter on the coffee table, I found my 4-year-old’s Party Popper, a bright yellow gun that fired confetti. For some reason, I held the gun up to my eye and looked down the barrel, the way Yosemite Sam always does.

It looked unloaded.

Then, for some reason, I pulled the trigger.

When I got to the ER, I had a swollen face, metal-foil confetti in my hair and a faint odor of gun smoke. Finally, the doctor could see me.

“I shot myself in the eye with a glitter gun,” I said. I showed him the Party Popper, which I had brought with me, in case he wanted to send it off to the National Institute of Morons for further study.

I got home from the hospital with a scratched cornea and a tube of eye ointment. The next day, with some of my dignity permanently lost, I got started on a bigger story.

https://www.washingtonpost.com/lifestyle/magazine/david-fahrenthold-tells-the-behind-the-scenes-story-of-his-year-covering-trump/2016/12/27/299047c4-b510-11e6-b8df-600bd9d38a02_story.html?utm_term=.ea0e52f7fc3d



perhaps the perfect metaphor for the media in 2016.


rrb said...

The Obama administration is under intense pressure to release evidence confirming Russian interference in the presidential election before leaving office.

The administration up until now has provided little documentation to back up its official October assessment that the Russian government was attempting to interfere in the U.S. election.

Nor has it corroborated subsequent leaks from anonymous officials contending that the CIA believes the campaign was an attempt by Russian President Vladimir Putin to ensure Donald Trump’s victory.

http://thehill.com/policy/national-security/312049-obama-under-pressure-to-prove-russian-interference-in-election



well skeets, you guys got your panties in a twist over 'fake news' so i guess you'll have to pony up some actual evidence lest you get branded as a fake news purveyor.


Roger Amick said...

Trump will tweet in anger.


Russia is accusing President Obama of creating problems for President-elect Donald Trump by signing the annual defense policy bill last week.

In a statement Tuesday, the Russian Foreign Ministry listed a litany of objections to this year’s National Defense Authorization Act (NDAA), including the renewal of language related to Russian aggression in Ukraine and the easing of restrictions on supplying weapons to Syrian rebels.

“Overall, it appears that the Authorization Act has been adopted by the outgoing Obama administration, which is hastily introducing new sanctions against Russia, to create problems for the incoming Trump administration and complicate its relations on the international stage, as well as to force it to adopt an anti-Russia policy,” Foreign Ministry spokeswoman Maria Zakharova said in the statement.



“This policy has brought the current US administration, which believed that Russia would bow to pressure, into a dead end. We hope the new administration will be more sagacious.”

Trump has made overtures toward improving relations with Russia, including praising Russian President Vladimir Putin as a strong leader and dismissing intelligence assessments that Russia meddled in the election by hacking into Democratic Party systems.

Obama signed the NDAA on Friday. The bill was passed by veto-proof majorities in both the House and the Senate earlier this month.


The Hill

KD said...

The problem with HB, everything.

Having lost this election in a Electoral Landslide.

KD, HB you are so freaking dumb said...

house flipping is to the housing market as ferrari and porsche sales are to the auto industry." RRB

"House Flipping" is not healthy for the Housing Industry.

Less Blacks today own their homes then when Obimbo took office.

More Blacks live rent free in public housing and pay for rent, neither is a wealth creating event, other then for the Government and the Person owning the Rentals.

This is a far better gauge.

"Existing Home Sales drop to 3 year low"

KD, Obama's Hopeless USA said...

Remember years ago that Obama said he would have more flexibility when dealing with the Russians.

Well he did show flexibility,, bending over grabbing his ankles and taking it the ass or giving the Russian leader a "Lewinsky"..

Roger Amick said...

Trump said that he's going to write his inauguration speech/Tweet.

I promised that We Will Make America Great Again. To provide #nationalsectity, I am #Presidentforlife. God Bless #Trumpamerica. #fooledu.

Roger Amick said...

Sales of previously owned houses in the United States rose 0.7 percent to a seasonally adjusted annual rate of 5610 thousand in November of 2016. It is the highest figure since February of 2007, beating market expectations of a 1 percent fall. Sales of condos jumped 10 percent to 660 thousand while those of single family homes fell 0.4 percent to 4950 thousand. The average price increased 0.5 percent and the months’ worth of supply went down to 4 from 4.3. The October figure was revised down to 5570 thousand from 5600 thousand. Existing Home Sales in the United States averaged 3884.72 Thousand from 1968 until 2016, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970.
http://www.tradingeconomics.com/united-states/existing-home-sales


rrb said...


Russia is accusing President Obama of creating problems for President-elect Donald Trump by signing the annual defense policy bill last week.

________________________________________________________________________________________________________________________________________

your dear leader, being the petulant child, sore loser and narcissistic asshat that he is, is leaving giant flaming bags of dogshit all over the fucking planet on his way out the door.

as usual, 0linsky made it all about HIMSELF and what HE wants.

rrb said...

ABOUT US

Trading Economics was founded by Antonio J Fernandes Sousa and Anna Fedec in New York City. Antonio has 10 years of experience performing global economics research and advanced computer programming skills applied to the development of global macro and event driven trading strategies. Antonio holds a MBA in Finance & Investments and a degree in Economics. Previously he was Chief Strategist for one of the world's largest financial trading firms. Anna Fedec is editor-in-chief for Trading Economics. She holds a Master Degree in Economics and International Relations. Trading Economics is headquartered in New York, has a team of analysts and developers in Lisbon and some dedicated staff across the world.




LOL. that's one of the shadier "about us" sections i've ever read.

good one alky

opie said...

Frankly, it's the economy, stupid. Unlike what busch left behind, trump now has his benchmark. We shall see how he does. As for your bone to pick with krugman....when you get your credentials to teach at princeton and make money at this blog equivalent to his opinion pieces he writes, please get back to me. Until then, you continue to spiral into the depths of worseness. LOLOL

opie said...

rrb said...
Jonathan Schnauzer, a Middle East expert and vice president for research

A dog as an expert. About as credible as you, rat. LOL

KD LOL @ HB, House Flipping Signals Amazing Housing Sector said...


Russia: Up 50%


Russia's RTS index has rallied by 50% since the start of the year and the country's other main index -- Micex -- has shot up by 26%. "

Remember how RIP Jane used to go on and on about how Obama was economically punishing the Russians.

Putin playing chess, little obimbo playing checkers.

KD, 94 Million Working Age People unemployed said...

"House Flipping" is not healthy for the Housing Industry.

Less Blacks today own their homes then when Obimbo took office.

More Blacks live rent free in public housing and pay for rent, neither is a wealth creating event, other then for the Government and the Person owning the Rentals.

This is a far better gauge.

"Existing Home Sales drop to 3 year low".



Don't attempt to educate HB, I have since BUSH SOARS, he is still a dumb ass.

opie said...

Russia's RTS index has rallied by 50%

Call someone who gives a shit....wonder if trump will accept your collect call.......LOLOLOL

KD, Economic mopes said...

Frankly, it's the economy, stupid. Unlike what busch left behind, trump now has his benchmark"

94 million abled aged adults out of work
Lees people own houses to day then before Obama took office
More people on food stamps
Labor Participation at historic lows
no raise in minimum wage by Obama

These are a few HB and Odopium are so very proud of.

KD, Putin Wealthier then Ever said...

As always, Opuim you are too stupid to understand what the point was, go to the kiddy part of this blog.


RIP Jane told us Obama was punishing Russia, yet, their Stock Market Soared, making more Russians at the top ever richer.

KD said...

Homeownership at Lowest Level Since 1965

According to new figures from the U.S. Census Bureau and Ten-X Research, the US homeownership rate dropped 0.4 percent in the second quarter of 2016 to a seasonally adjusted 63.1 percent—its lowest rate since 1965."

Yep, this is what a booming , Healthy housing market looks like if you know nothing about personal finances, construction, housing , macro economics and history, like Alky.

KD, Bye HB, moving day said...

HB maybe you can make good on your promise to Leave the USA IF Trump Wins, with this group that made your same promise and like you are not going anywhere, why are liberals so emotional at losing elections

opie said...

Anonymous KD, Putin Wealthier then Ever said...
As always, KD is too stupid to understand or compose a cogent thought. Idiot.

Roger Amick said...

An MBA in Finance & Investments and a degree in Economics. Previously he was Chief Strategist for one of the world's largest financial trading firms. Anna Fedec is editor-in-chief for Trading Economics. She holds a Master Degree in Economics and International Relations.

Masters degrees don't matter to a graduate of www://onlinesegreeforconservatives.com

opie said...

Townhall, home of idiot farmers and general losers. LOL

opie said...


94 million abled aged adults out of work

And the dow 3x of the busch legacy, millions more with healthcare and the unemployment rate of 4.6% while busch was shedding a half million workers a month. Gee, only to an idiot farmer would think 96 million are unemployed. LOL

Roger Amick said...

US home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in low interest rates in anticipation of further increases in borrowing costs.

The National Association of Realtors said on Wednesday existing home sales increased 0.7 percent to an annual rate of 5.61 million units last month. That was the highest sales pace since February 2007.

October's sales pace was revised down to 5.57 million units from the previously reported 5.60 million units.

Economists had forecast sales slipping 1.0 percent to a 5.50 million-unit pace in November. Sales were up 15.4 percent from a year ago. They rose in the Northeast and South, but fell in the Midwest and West last month.

Mortgage rates have surged in the wake of Donald Trump's victory in the Nov. 8 presidential election. Trump's proposal to increase infrastructure spending and slash taxes is seen as inflationary.

Since the election, the fixed 30-year mortgage rate has increased about 60 basis points to an average 4.16 percent, the highest level since October 2014, according to data from mortgage finance firm Freddie Mac.

Mortgage rates could rise further after the Federal Reserve raised its benchmark overnight interest rate last week by 25 basis points to a range of 0.50 percent to 0.75 percent. The U.S. central bank forecast three rate hikes next year.

Roger Amick said...

Existing home sales continue to climb at highest pace since 2007
NAR: This is the healthiest job market since the Great Recession


Existing home sales increased for the third consecutive month in November to the highest pace in almost 10 years, according to the most recent report from the National Association of Realtors.

Existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.7% to a seasonally adjusted rate of 5.61 million in November. This is up from a downwardly revised 5.57 million in October, up 15.4% from last year’s 4.86 million and the highest since February 2007.


“The healthiest job market since the Great Recession and the anticipation of some buyers to close on a home before mortgage rates accurately rose from their historically low level have combined to drive sales higher in recent months,” NAR Chief Economist Lawrence Yun said. “Furthermore, it’s no coincidence that home shoppers in the Northeast – where price growth has been tame all year – had the most success last month.”

The median existing-home price rose once again in November to $234,900, up 6.8% from last year’s $220,000. This marks the 57th consecutive month of year-over-year gains.

Inventory, on the other hand, dropped 8% from October to 1.85 million existing homes available for sale. This is now 9.3% below last year’s 2.04 million, and the 18th consecutive month of annual decreases.


“Existing housing supply at the beginning of the year was inadequate and is now even worse heading into 2017,” Yun said. “Rental units are also seeing this shortage. As a result, both home prices and rents continue to far outstrip incomes in much of the country.”

However, home builders reported a significant boost in confidence after President-elect Donald Trump won the election, according to the National Association of Home Builders/Wells Fargo Housing Market Index, leading some to believe that it could push new home builds up in 2017.

Properties are now staying on the market slightly longer than before at 43 days, up from 41 days in October, but down significantly from last year’s 54 days. Short sales were on the market the longest at a median of 110 days in November, while foreclosures sold in 55 days and non-distressed homes took 41 days. Overall, 42% of homes sold in November were on the market for less than a month.

opie said...

Just like trump. an R congressman agrees that hacking is a public service!!!! Too stupid for words LOLOL

Roger Amick said...

Perfection? No.

Compared to January 2009, when Barack Hussein Obama was sworn in as the President of the United States Of America.
Absofuckinglootly.

Live with the consequences of electing a qualified President.


Or shut your mouth.

rrb said...

Roger Amick said...
An MBA in Finance & Investments and a degree in Economics. Previously he was Chief Strategist for one of the world's largest financial trading firms.
______________________________________________________________________________________________________________________________

uh huh.

which college?

which trading firm?

let me know and get back to me, alky.

rrb said...

Live with the consequences of electing a qualified President.

_____________________________________________________________________________________________________________________________________

we will.

as you live with the consequences of electing the outgoing president who single-handedly fucking DESTROYED the democrat party at every level all the way down to fucking village dog catcher.

well done 0linsky. very, very well done.

and while your favorability rating is running around 57% nationally, you're running at a full 100% favorability at my house.


rrb said...



links alky. LINKS. you're gonna get CH in trouble.

KD, Russian Stock Market up 50% said...

According to new figures from the U.S. Census Bureau and Ten-X Research, the US homeownership rate dropped 0.4 percent in the second quarter of 2016 to a seasonally adjusted 63.1 percent—its lowest rate since 1965."

Yep, this is what a booming , Healthy housing market looks like if you know nothing about personal finances, construction, housing , macro economics and history, like Alky.


Say your team won a game in a 16 game season, according to Alky Logic that is a winning season.