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Archive for the ‘Uncategorized’ Category

Pro Immigration Advocate to Americans: You Do A lot of Drugs, Therefore You Do Not Deserve Borders

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By The_Real_Fly

Listen up border fags: because of your wanton proclivity for doing drugs, snorting cocaine through straws and/or inhaling crack smoke through glass pipes, you don’t get to have a country. Your borders are meaningless and you should permit any Mexican or Central American pavement slob into your country — because of your sins and because your government conducts wars abroad.

This is, essentially, what Enrique Morones, head of Border Angels, said to Tucker Carlson tonight — exposing his 2nd grade IQ level and childish penchant to say stupid things.

There is no argument that could assuage the American people into believing it should not control its borders. Only high level retard ‘thinkers’ on the left, communist shills, and anti-American anarchists believe unfettered immigration into cash-strapped border towns is a good idea. Ergo, anyone who suggests otherwise is instantly reduced to looking like Barney Rubble ‘motoring’ his vehicle over rugged terrain.

In short, quit doing coke and bombing brown people, then you can enjoy a national border.

Content originally generated at iBankCoin.com

…read more

Source: Pro Immigration Advocate to Americans: You Do A lot of Drugs, Therefore You Do Not Deserve Borders

    

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Posted January 24th, 2017 in Uncategorized.

Here Are The World’s 10 Least Affordable Cities Of 2017

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By Tyler Durden

Least Affordable Housing

In recent months, we’ve spent a lot of time writing about the various housing bubbles all over the world with an emphasis on Vancouver, Sydney and Melbourne (see here, here and here). Now, courtesy of the “13th Annual Demographia International Housing Affordability Survey“, we have a comprehensive comparison of just how bubbly some of the world’s least affordable housing markets have become.

The study, which analyzed 406 metropolitan housing markets around the world, compared affordability on the basis of a ratio of median homes prices to median gross incomes with anything over 5x considered “Severely Unaffordable.” And while there are obvious flaws in the methodology, including the fact that income isn’t adjusted for local taxing policies and building quality, the study at least provides a basis for comparison.

Not surprisingly, Hong Kong and Sydney maintained their “lead” as the least affordable housing markets in 2016 with Vancouver moving into the number 3 spot with home prices there increasing by the equivalent of a full year’s median income in just a single year.

Meanwhile, of the 94 “severely unaffordable markets” in the world, nearly 40% of them were located in the U.S. and another one-third were in Australia.

There are 26 severely unaffordable major housing markets in 2016. Again, Hong Kong is the least affordable, with a Median Multiple of 18.1, down from 19.0 last year. Sydney is again second, at 12.2 (the same Median Multiple as last year). Vancouver is third least affordable, at 11.8, where house prices rose the equivalent of a full year’s household income in only a year. Auckland is fourth least affordable, at 10.0 and San Jose has a Median Multiple of 9.6.

The least affordable 10 also includes Melbourne (9.5), Honolulu (9.4), Los Angeles (9.3), where house prices rose the equivalent of 14 months in household income in only 12 months. San Francisco has a Median Multiple of 9.2 and Bournemouth & Dorsett is 8.9.

There are 94 severely unaffordable markets, with 36 (of 262) in the United States, 33 (of 54) in Australia, 11 (of 33) in the United Kingdom, 7 (of 40) in Canada, 6 (of 8) in New Zealand and the one market in China. Singapore, Japan and Ireland have no severely unaffordable housing markets.

The least affordable among the smaller markets is Santa Cruz (CA) in the United States, with a Median Multiple of 11.6.

Expensive Housing

Of course, for anyone who still doubts the source of the 2006/2007 U.S. housing bubble, the relationship between median incomes and housing prices remained fairly constant in the U.S. right up until the Fed decided to utilize near-zero interest rates to manage stock prices shortly after the 2000 tech bubble burst…

Expensive Housing

…a mistake that Yellen & Co. seems to be on a path to repeating.

Being Ignored Can Be A Blessing

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By Tyler Durden

Submitted by Robert Gore via StraightLineLogic.com,

Billions of people around the globe would like Americans to put America first.

The largest infrastructure project in the world is China’s One Belt, One Road (OBOR) initiative, often referred to as the New Economic Silk Road. This effort spearheads the economic integration of the physical center of the world: the contiguous nations from China across Southeast and Central Asia, Russia, Belarus, Iran, and Turkey. The area has large percentages of the world’s land mass, population, and resources. Under construction is a huge network of new linkages: ports, roads, highways, high-speed rail lines, electricity transmission facilities, and petroleum pipelines.

To date China has also invested more than $51 billion in the countries along the present OBOR route. The new land rail routes will greatly reduce transportation costs across Eurasia, enable formerly isolated regions to connect efficiently to sea and land markets and ignite tremendous new economic growth across Eurasia.

“The Eurasian Century Is NOW Unstoppable,” William Engdahl, 10/11/16

US companies and US-led multinational institutions have been excluded from both the construction and financing, and the world’s reserve currency is getting the boot. Transactions are denominated in yuan and rubles, including oil and gas deals. Bye-bye petrodollar, the anchor for the dollar’s reserve status since Nixon abandoned the last dollar-gold link in 1971.

The war lobby ceaselessly conjures threats to US interests and conspiracies to dominate the world. All which must be met with US intervention—overt, covert, or both. How do you conjure a threat when a big part of the world decides to ignore you, who at best sees the US as irrelevant, at worst, a dangerous nuisance? One of life’s joys, all too rare, is telling self-important, pompous people that nobody cares what they do or say, or even if they live or die. It’s been a long time coming, but the rest of the world is starting to tell the US to keep its opinions and interventions to itself, and that’s a good thing for all concerned.

Two men who have caught the new mood are those Best Friends Forever, Donald Trump and Vladimir Putin. Putin watched the Soviet Union crumble, and Trump has been a vocal critic of the US’s Middle East follies. They both see the dark side of empire. Neither man has ever been accused of selfless concern for humanity. They are both unabashed proponents of national interests—putting America and Russia first—but they’ve redefined national interests in ways that vex the Western elite status quo.

Despite the best efforts of the US government and its mainstream media arm to portray Putin as bent on offensive expansion, to date his efforts outside of Russia have been directed towards securing what fair-minded observers would concede are vital interests. Russia annexed Crimea from Ukraine after a US-sponsored coup installed a hostile regime there. In a referendum, Crimean citizens voted overwhelmingly to leave Ukraine and join Russia. Sebastopol, on the western Black Sea coast of Crimea, is the Russian navy’s warm-water base.

Russia has provided aid to eastern …read more

Source: Being Ignored Can Be A Blessing

    

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Posted January 24th, 2017 in Uncategorized.

Few fireworks at Spicer’s first W.H. briefing

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White House press secretary Sean Spicer fielded questions from more than 40 reporters for over an hour on Monday. But it was a half hour before Spicer was finally asked to confront the gorilla in the briefing room. …read more

Source: Few fireworks at Spicer’s first W.H. briefing

    

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Posted January 24th, 2017 in Uncategorized.

Kunstler Warns "We Are Repeating The Greatest Misallocation Of Resources In The History Of The World"

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By Tyler Durden

Submitted by Adam Taggart via PeakProsperity.com,

James Howard Kunstler returns to the podcast this week, observing that despite the baton being handed to a new American president, the massive predicaments we face as a society remain the same. And it seems the incoming administration is just as in denial of them as the old.

Kunstler adds fresh critique to his now decades-old warning that we are sleepwalking our way deep into the Long Emergency. The longer we delude ourselves and waste our energies in pursuit of reviving the failed “endless growth” model, the farther our journey back to a sustainable way of living will be when our current system collapses:

I don’t think there is any sense that they really know where we’re headed, what our destination is, and what the imperatives are and what the future is actually telling us that we need to do. Don’t forget that the so-called psychology of previous investment is a very powerful force in American life and it’s prompting us to do everything we can to maintain the investments we’ve already made. Those investments are the ones I have already mentioned: the freeways, the suburban housing developments, the strip malls.

A lot of the hope pinned on Trump is based on the idea that he’s assembling this team of mega-competent capitalist movers and shakers who know how to make deals — the Wilbur Rosses and Rex Tillersons of the world — and that they are going to conjure up a tremendous surge of economic activity that will be majorly fruitful going forward in the future and produce a tremendous amount of new wealth. Of course the stock market has been pricing that in. But if you really drill down and look what’s going on there, especially the infrastructure plans, the idea that we’re going to revive American manufacturing — and especially the idea that we’re going to rebuild the happy motoring infrastructure so that we can have 50 more years of that — that, it seems to me, would amount to once again repeating the greatest misallocation of resources in the history of the world.

The last thing that America needs to do is to desperately try to maintain its suburban matrix. There are many other things we can do and ought to do, including reviving main street communities. One of the things we have to think about is reviving the small towns and small cities in American because those are the places of the greatest disinvestment over the last 30 years and we’re going to need them very badly as the global economy withers. It’s not going to disappear; there’s still going to be trade between nations, I believe, outside of some kind of major set of kinetic war conflicts, but we’re going to see the economy of North America turn inward and become more focused on what we can do here. One of the things that that suggests is that we’re going to have to do more with some of the assets and …read more

Source: Kunstler Warns "We Are Repeating The Greatest Misallocation Of Resources In The History Of The World"

    

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Posted January 24th, 2017 in Uncategorized.

What happens to ‘startup visa’ under Trump?

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The Obama administration set a new path for foreign entrepreneurs to stay in the U.S. — but will the Trump administration take it away? …read more

Source: What happens to ‘startup visa’ under Trump?

    

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Posted January 23rd, 2017 in Uncategorized.

Citi mortgage units fined $28.8 million

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The CFPB has fined CitiFinancial Servicing and CitiMortgage $28.8 million for giving ‘the runaround’ to cash-strapped homeowners who were trying to save their homes. …read more

Source: Citi mortgage units fined $28.8 million

    

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Posted January 23rd, 2017 in Uncategorized.

"Sell The Inauguration" – Dow & Dollar Drop As Bonds & Bullion Pop

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By Tyler Durden

Was it really that easy – Buy The Election (hope), Sell The Inauguration (reality)?…

The Dow continues to cling to unchanged for 2017 (small caps red)…

Since the inauguration…

VIX was the main play thing in American markets again (but The Dow ended down for the 6th day in the last 7… NOTE – the overnight futures ramp dragged cash up to perfectly tag stops at Trump Address highs…

Europe's VIX spiked most in 4 months today, above 17…

Notably, Treasury VIX remains notably elevated relative to Equity VIX post-Trump…

With SKEW at over 146, markets have only been more fearful of a collapse twice in its 27 year history…

Breadth remains divergent for the S&P 500…

But Kuwait is in panic melt-up mode…

Bank stocks dropped once again (contining the trend of up-down-up-down started since the beginning of 2017)…

Notably XLF – the US financials ETF – has fallen to key 50-day moving average…

QCOM was crushed but it didn't really help AAPL…

While the biggest Emerging Market ETF ripped higher today (as the dollar dropped), we note that it suffered a 'death cross'...

While health insurers all tumbled on the the Aetna, Humana deal blockage, only Aetna held on to losses…

Trumphoria is stalling as financial conditions have tightened post-election…

The 30Y Treasury yield fell back below 3.00% – notably, the 30Y yield has gone nowhere since 2 days after the election…

Treasury yields fell across the curve with the long-end outperforming…(note bonds did sell off after Europe closed)

Two words – “policy error”?

The Dollar Index extended its losses from Friday afternoon, stalling at Fed rate-hike lows…

Yen and Sterling strength were the heaviest weights on the dollar index today but everything was bid against the greenback…

While not the perfect analog, one wonders if the post fiscal year spike in the USD is starting to fade once again…

Crude slide despite USD weakness but copper gained…

Gold closed at its highest since Nov 17th…

Bonus Chart: Turning Japanese?

Posted January 23rd, 2017 in Uncategorized.

Can Trump, budget director get on the same page?

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Conservative Mick Mulvaney has taken both Democrats and Republicans to task for being fiscally profligate. Here’s a look at where he may clash with Trump on the key budget issues he’d oversee if confirmed as White House budget director. …read more

Source: Can Trump, budget director get on the same page?

    

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Posted January 23rd, 2017 in Uncategorized.

Trump wants a U.K. trade deal. Don’t hold you breath

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President Trump will meet with British Prime Minister Theresa May to talk about forging a trade deal between the two nations. …read more

Source: Trump wants a U.K. trade deal. Don’t hold you breath

    

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Posted January 23rd, 2017 in Uncategorized.

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