Weekly Open Thread (2014-09-22)

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Here is your open thread for the week of September 22nd, 2014. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known.

Note: The comment limit in open threads is 25 comments per person.

NOTICE: If you have comments to make about politics or economics that do not somehow directly relate to Seattle-area real estate, they may be posted in the current Politics & Economics Open Thread.  If you post such comments here, they will be moved there.

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.

61 comments:

  1. 1

    Billionaires and the Very Rich Eye Seattle Real Estate?

    Actually, they do not. A good portion even missed the 2008-2014 stock market boom too [and they have the best financial advisors? LOL]. They are hoarding cash though.

    “….The wealthy are still traumatized by the financial crisis in 2009, when many wealthy families were scrambling for cash, he said. What’s more, many wealthy families missed out on the big financial-market rallies in 2012 and 2013 and feel like they missed the best chance to invest.

    “It’s the combination of many people having been under-invested in equities and under-invested in wide risk assets having seen rallies and missed those rallies,” he said. “Things are no longer cheap, and it’s emotionally hard to get invested now.” …”

    http://www.cnbc.com/id/102021996

    I didn’t miss the equity rally, but I’ll honestly admit it…..it was all luck.

  2. 2
    Blake says:

    RE: softwarengineer @ 1

    SWE… I missed the equity rally (but I do have 20% in REIT stocks)… but happy with my 4-6% annual returns on bonds. I am looking forward to missing the next bust though! ;-) Could be bigger and badder than the previous busts!

    Just saw this today:
    The former head of Goldman Sachs’ housing research team sent a sobering report to the White House last week warning of a potential downturn in home prices that could put the country back into a recession before the ripples of the previous one settle.

    “As an economist, statistician and housing expert, I am lamentably confident that home prices will fall,” he wrote. “Home price devaluation will expose a major financial imbalance that could lower an entire generation’s esteem for the American dream.”

    http://dsnews.com/news/09-18-2014/analyst-predicts-home-price-decline-report-white-house

    -snip- Student debt and a 45 percent underemployment rate for recent college grads has handicapped millennial buyers already, Pollard wrote.

    Pollard outlined three distinct stages of the decline—the first of which, the “hot-to-cool” stage, is already underway. This is where home price growth slows and turns negative in large markets across the country. Investors slow their purchases, homebuilders lose pricing power as absorption rates decline, and press outlets shift their market pieces from positive to mixed.

    In Stage II, the “demand-to-supply” phase, new negative shocks cause investors to shift from raising prices in an effort to outbid competition to reducing prices to beat future declines. In Stage III, the “deflation and response” phase, consumers come to the decision that now is a bad time to buy a home. Fewer people seek mortgages and banks become less willing to lend.

  3. 3

    RE: Blake @ 2

    Yes Blake

    After the relative ease I snatched up a 60% off retail foreclosure with short sell from the bank requiring the old owner/landlord to sign the contract too and the quick closing [about 10 days]….I’d say banks aren’t in the mood for risk right now and anxious to unload foreclosures when they’re not owner occupied. BECU put me through a long phone interrogation just to wire the $27.5K of my own money to grab it up….made me feel like I emptied their available cash reserves….LOL

  4. 4

    By Blurtman @ 72:

    OK, The Seahawks were lucky to win what was a sloppily played game. Wilson INT, safety, questionable punt return decisions, and inability to stop the one minute drive, granted against arguably the best QB to play the game. And yes, Denver is a better team than last year.

    Frankly, I am beyond nauseated by the deification of the players, and the incessant ads featuring these highly specialized entertainers. I am really not going to buy insurance or any product because a pseudo role model entertainer is paid to endorse it. Richard Sherman curing cancer! Jumping Jimminy! Basta!

    Well, luck is always a part of football, but I didn’t think it that sloppy. It was actually the best performance from the defense all year, IMHO, ignoring that last minute.

    I would agree about the ads, particularly for a few of the local companies (not Alaska Airlines). It’s like the players don’t give a squat who they lend their name to.

  5. 5
    Blurtman says:

    RE: Kary L. Krismer @ 4 – The best defense in the league did no better than the Colts with regards to Manning’s completion percentage, 61.1 versus 63.3. And they blew a 17-3 lead. Manning had his most productive game by total passing yards this season. What the Seahawks did do was shut down the Broncos running game – virtually non-existent, which may account for Manning’s season high (so far) passing yards.

  6. 6

    RE: Blurtman @ 5

    And The One Seahawk Loss

    Was on a 110 degree field…..hades even the coach was missing time management out of bounds calls in the heat too. They weren’t thinking right.

  7. 7

    I just received a fax from the Mexican tourist board (or some such thing) offering special deals to Cabo!

  8. 8
    pfft says:

    By Blurtman @ 5:

    RE: Kary L. Krismer @ 4 – The best defense in the league did no better than the Colts with regards to Manning’s completion percentage, 61.1 versus 63.3. And they blew a 17-3 lead. Manning had his most productive game by total passing yards this season. What the Seahawks did do was shut down the Broncos running game – virtually non-existent, which may account for Manning’s season high (so far) passing yards.

    Manning has a huge amount of big comebacks so don’t worry too much.

    scroll down:

    http://fivethirtyeight.com/features/skeptical-football-manning-vs-messi-and-andrew-luck-experiment/

    nate also(of course) has ELO rankings.
    http://fivethirtyeight.com/datalab/nfl-week-3-elo-ratings-and-playoff-odds/

  9. 9
    pfft says:

    Wilson is still underrated at QB. He’s got a baseball arm, he makes good decisions and he’s pretty fast. when he runs he doesn’t take chances either. that offense looks like a beast.

  10. 10
    pfft says:

    awww…

    This Classic GOP Anti-Obamacare Meme Has Officially Imploded
    http://talkingpointsmemo.com/dc/obamacare-trutherism-out-to-pasture

    Last week, top administration official Marilyn Tavenner announced that 7.3 million Obamacare enrollees had paid their premiums, as they must to receive and continue receiving their coverage.

  11. 11
    Blurtman says:

    RE: pfft @ 8 – True, he can run, pass, has great vision and very good decision making skills. That TD pass to Lockette was world-class. He is a franchise QB.

  12. 12
    redmondjp says:

    By Blurtman @ 10:

    RE: pfft @ 8 – True, he can run, pass, has great vision and very good decision making skills. That TD pass to Lockette was world-class. He is a franchise QB.

    Add receiver to that list of skills as well – that catch from Kearse last Sunday was unbelievable – I don’t know that I’ve ever seen a play like that outside of college ball.

  13. 13

    RE: redmondjp @ 12 – That made me think back to the Dave Krieg days, and looking up his stats he does have 3 receptions, for a long of only 11 yards though.

  14. 14
    Blake says:

    By Blurtman @ 11:

    RE: pfft @ 8 – True, he can run, pass, has great vision and very good decision making skills. That TD pass to Lockette was world-class. He is a franchise QB.

    I drafted Wilson in the late rounds of all my fantasy football leagues three years ago – – being a Wisconsin Alum it was a no brainer. Russell set NCAA records for QB efficiency and has always been deadly accurate and smart. Only 5′ 11″…? Drew Brees is an inch taller an he’s kinda OK… :-)

    That was a crazy game Sunday… I lost my voice and was exhausted all day yesterday! We got too conservative in the second half and should have kept the offense at full speed and used Percy more. But that Denver D is much better (9 different starters from the Super Bowl!) and Manning is Manning… Denver was patient and conservative with Manning averaging only 5 yards per attempt… until that last drive!!?? Wow… huge screwup! No D should give up 80 yards and a td with 50 seconds and no time outs!? But Russell was money in OT… they should tell him that it is crunch time all the time! The guy reminds me of Joe “Cool” Montana… at his best whent he chips are down.

    Glad we have a week off… need to fix a few things, but if we get home field through the playoffs we will return to the Super Bowl! We should go 6-1 the next 7 games before hosting Arizona Nov 23rd and then going down to settle the score with the Niners!

    btw: Marshawn is not fading… he looks to be stronger and having his best year ever!
    Marshawn, Russell, Percy, Okung, Earl Thomas, Wagner, Chancellor, Sherman… most talented team since the late 80s Niners… IMHO

  15. 15
    pfft says:

    Nothing is more fun than Rick Santelli trying to explain why he was so disastrously wrong on inflation. before highly inflationary central bank action was going to cause inflation, now their highly inflationary policies are causing low inflation…something about not healing. not enough LOLs. He’s like the MIchelle Bachmann of CNBC.

    Good god. So I guess if the central banks just stopped their highly inflationary policies we’d get inflation? odd. par for the course for CNBC>

  16. 16
    pfft says:

    Video is finally up.

    http://video.cnbc.com/gallery/?video=3000312924&play=1

    LOL. Perfect Tea Party poster boy.

  17. 17
    Dirty Renter in Banjo Country says:

    RE: pfft @ 15
    I’ve thought for years that he must be short treasuries and lost big time. He and the other short-sellers(Fleck), absolutely reek of desperation.
    I love the smell of burnt bond vigilantes in the morning.

  18. 18
    Blake says:

    Meanwhile in Japan… “beggar thyself” currency devaluations and money printing proceeds apace… Stay the course Abe! Good times are a coming!
    http://www.alhambrapartners.com/wp-content/uploads/2014/08/ABOOK-Aug-2014-Japan-HH-Real-Wages.jpg

    In the US it is not as severe, but bad for workers – – see graph “Got a Raise?” near bottom here:
    http://www.bloomberg.com/news/2014-08-19/only-rich-know-wage-gains-with-no-raises-for-u-s-workers.html
    … at this point – 5 years into a recovery – real wages have typically risen 8%+ – – instead of 0.5%!! (And that’s “average” wages… most have fallen further behind.)

    **Gotta love the quote there from old Martin Feldstein: “We are facing a problem of rising inflation,” Martin Feldstein, a former chairman of the White House Council of Economic Advisers, said June 4 in a “Bloomberg Surveillance” interview.

    (The recent appreciation of the US dollar is not a good sign… We are still the reserve currency and investors around the world are frightened (wars, economic decline) and it reflects a “flight to safety.”)

  19. 19
  20. 20
    pfft says:

    By Blake @ 18:

    Meanwhile in Japan… “beggar thyself” currency devaluations and money printing proceeds apace… Stay the course Abe! Good times are a coming!

    damn right. they’ve tried austerity long enough.

  21. 21
    pfft says:

    By Kary L. Krismer @ 19:

    I predict the 9.6 ounce can of Coke.

    http://www.nytimes.com/2014/09/24/business/big-soda-companies-agree-on-effort-to-cut-americans-drink-calories.html

    I loved the 16 oz sodas but they don’t have them in bottles now. 12 oz cans disappeared from conv stores 10 years ago. I found some at at the chinese place. they might still have them at pizza places.

  22. 22

    RE: Blake @ 18

    From What I’ve Read

    You take the average household incomes and unchain them from the top 1-10%; and you quickly see the skew the rich elite make….IMO, the bottom serfs have taken severe wage decreases and real inflation went up 100% the last 10 years.

  23. 23

    RE: pfft @ 21

    When I Was Younger You’d Get Pizzas 1 1/2″ Thick Above the Crust With Mostly Cheese, Sauce and Meat

    The take and bakes were so heavy I’m sure there was a full lb of cheese on them alone, they’d bubble when you’d cook them. Now pizza is a joke, they put the sauce on thin with brushes and the cheese is sparingly sprinkled on . The meat is sliced so thin, you can see through it. I ordered a pizza for $20 from an independent server that added double cheese and meat…it was about 1/8th” thick above the crust and a medium size one would barely feed a fly.

  24. 24
    wreckingbull says:

    RE: softwarengineer @ 23 – Buy a pizza stone and make your own. You can order double toppings from yourself. Tastes way better and it is actually rather fun. Plenty of pizza dough instructions online.

  25. 25
    Blurtman says:

    Why is it that all pizza west of the greater NY-NJ area is absolute shyte?

  26. 26
    Blake says:

    By Blurtman @ 25:

    Why is it that all pizza west of the greater NY-NJ area is absolute shyte?

    Couldn’t agree more… We had a pizzeria in our little town in Connecticut and I’ve never had anything nearly as good the last 40 years living in the midwest and out here! And – sadly – I cannot make anything like it at home no matter how much I try! Any local suggestions?

    btw: Consumer Reports and Edgar Dworsky have been tracking the way corporations have been shrinking product sizes the last few years…
    http://pressroom.consumerreports.org/pressroom/2011/01/cr-finds-more-products-are-getting-smaller.html
    http://www.bostonglobe.com/lifestyle/food-dining/2014/02/11/the-incredible-shrinking-package/Ti6VwQCCcg0whLdr8bHnyJ/story.html
    … so sleazy. A pint is now 14 oz!?

  27. 27
    Blurtman says:

    RE: Blake @ 26 – Airlines are screwing over consumers as well. The 99%, that is. They are cramming more seats into smaller spaces in economy to add more space to first class.

    http://www.usatoday.com/story/travel/columnist/mcgee/2014/09/24/airplane-reclining-seat-pitch-width/16105491/

  28. 28
    pfft says:

    The other day a got a 16 oz dr pepper in a can for $1.12. I told the cashier it was practically free.

  29. 29
    wreckingbull says:

    RE: pfft @ 28 – King Corn has subsidized your soft drink habit, so maybe free to you, but rife with external costs.

  30. 30
    pfft says:

    By wreckingbull @ 29:

    RE: pfft @ 28 – King Corn has subsidized your soft drink habit, so maybe free to you, but rife with external costs.

    you are preaching to the choir brother.

  31. 31
    pfft says:

    Love it when the right gets all in a tizzy.

    Conservative Media Freaks Out Over Obama’s ‘Latte Salute’
    http://talkingpointsmemo.com/livewire/president-obama-drink-salute-marines

  32. 32

    By pfft @ 28:

    The other day a got a 16 oz dr pepper in a can for $1.12. I told the cashier it was practically free.

    That’s more expensive than gasoline, particularly if you look at it pre-tax. Crazy that colored sugar water can be so expensive.

  33. 33
    wreckingbull says:

    I really don’t care about the coffee ‘salute’. Obviously we have bigger fish to fry. What astounds me is that our president is so dim to not understand that this would offend many, especially those who have served in the military – and those who worked their way up the chain of command from the bottom.

  34. 34

    RE: wreckingbull @ 33 – You don’t care? Clearly it’s the most important military related news in the past 48 hours! ;-)

    A couple of weeks ago I mentioned the possibility that Obama was crazy like a fox, and that his blundering was purposeful so that things would get worse and he could then take more aggressive action. Judging by how little backlash he’s received from bombing in Syria, that’s a rather viable theory at this point.

  35. 35
    pfft says:

    By wreckingbull @ 33:

    I really don’t care about the coffee ‘salute’. Obviously we have bigger fish to fry. What astounds me is that our president is so dim to not understand that this would offend many, especially those who have served in the military – and those who worked their way up the chain of command from the bottom.

    nobody cares. the president probably has big things on his mind right about now.

    bush saluted with a dog in his arms.

  36. 36
    pfft says:

    By Kary L. Krismer @ 34:

    RE: wreckingbull @ 33 – You don’t care? Clearly it’s the most important military related news in the past 48 hours! ;-)

    A couple of weeks ago I mentioned the possibility that Obama was crazy like a fox, and that his blundering was purposeful so that things would get worse and he could then take more aggressive action.

    I don’t think he’s blundered anything.

  37. 37

    By pfft @ 36:

    I don’t think he’s blundered anything.

    We know. You’re an Obamabot.

  38. 38
    pfft says:

    By Kary L. Krismer @ 37:

    By pfft @ 36:

    I don’t think he’s blundered anything.

    We know. You’re an Obamabot.

    not really but that never stops you from saying it. maybe you have Obama Derangement Syndrome?

    School us kary. tell us how Obama is responsible for internal Iraqi politics. Is Obama the President of Iraq? Funny when you read what Iraqis are saying they don’t mention Obama at all. They mention Maliki, the Bush appointed Makili. Nothing about Obama. I suppose Obama could have gone against Iraq’s wishes and left troops there but didn’t Bush say Iraq was responsible for it’s own rule? Weird. Did hundreds of thousands troops stop AQI from forming? Would 20,000 troops had done anything? Probably not. If we had troops there we’d be in harms way which Americans didn’t want and we’d be doing Iraq and the regions work for them. Again.

    Read something Kary. Start here.

    http://www.nytimes.com/2014/09/19/world/middleeast/iraqs-fight-against-isis-may-fall-to-provinces.html?ref=todayspaper&_r=1

  39. 39
    ChrisM says:

    RE: Blake @ 26 – “shrinking product sizes”

    I keep saying American corporations should force the shift to metric. That way they could really shrink packaging and no one would be the wiser.

    Along those lines, I wonder where the 1% buy their toilet paper. Do they suffer with the rest of us as toilet paper gets smaller and smaller?

    http://online.wsj.com/news/articles/SB10001424127887323971204578626223494483866
    http://consumerist.com/2014/03/18/toilet-paper-shrink-ray-hits-walmart-brand-rolls/

  40. 40

    RE: pfft @ 38 – Why do you like to raise the same questions again and again and again? We covered all this in the last week or so. I’ve suggested in the past that you see a doctor about your memory, because it sucks.

    But to raise some new points, you claim Bush “appointed” Makili. So are you now claiming that Obama is such a poor negotiator that he could not have negotiated retaining troops in Iraq with a puppet government? My point always has been to point out what a piss poor negotiator Obama has been in every area. You’re raising that to a new level now! Obama can’t successfully negotiate with a puppet government of a country we crushed that we still give considerable financial and military support to. Wow!

    And as to another specific. If Obama had shown even a minimal level of competence in negotiations, such that we had some residual troops there, do you think our first actions would have been to remove ISIS from the Mosul dam? Pardon the pun, but we’re damn lucky they didn’t do something horrible when they had control of the dam. You could go back further and argue that rather than destroying US equipment in the hands of ISIS, we could have acted earlier to prevent that equipment from getting in their hands. But hey, I guess it was totally unforeseeable that Iraq would be unstable, just the way it’s been unforeseeable that Libya, Somalia, Yemen and others would be unstable. /sarc

    But no, Obama hasn’t bumbled at all. He’s just left no troops in Iraq, admitted publicly that he didn’t have a strategy against ISIS, then had a Presidential address to the nation a couple of nights later to walk that back, impressing next to no one in the process, and then when he does develop some basic strategy he follows the course of action followed by not one successful leader in the past of taking options off the table. About the only stupid thing he hasn’t done is announced the date when he plans on stopping the fight against ISIS.

  41. 41
    Blurtman says:

    Eric Place Holder to Step Down. Angelo Mozillo Being Considered as Replacement.

    http://dailycaller.com/2012/02/24/obama-campaign-co-chair-tied-to-subprime-mortgage-crisis/

  42. 42

    RE: Kary L. Krismer @ 40

    I Read Some Tea Party Propaganda Yesterday

    They said the DOD generals state air strikes in Syria are useless, you need boots on the ground. They claim 90% of the troops don’t trust Obama.

    They also allege a lot of the 3000 troops going to fight Ebola in Africa will end up dead, they allege doctors and nurses are what they need.

  43. 43

    RE: wreckingbull @ 24

    I Already Kind of Do That

    I buy the frozen ones now, add a half lb of cheese, sprinkle on my own veggies and meat…..hades, much of the frozen now are no worse than the made ready at half the price. I imagine that pre-processed crust they sell is the same price as the frozen too.

  44. 44

    RE: softwarengineer @ 42 – I don’t necessarily buy the boots on the ground argument in the 21st Century, but I do think it’s a mistake to take them off the table. If nothing else those stupid statements becomes a propaganda tool for the terrorists and in this case also Iran. Yet another example of Obama not understanding secondary effects of squat. Without a doubt the least intelligent president in my lifetime. He’s just one of those people who can talk a good talk (unlike Bush 43), but is totally incompetent. I’ve met a few attorneys like that–it’s scary.

    As to Ebola, I suspect we’re dealing mainly with something like the Corps of Engineers. That they will be building facilities. I could see where that would be useful, but training and supplies would also likely be useful. Not sure you actually need to send doctors, particularly in the 21st Century.

  45. 45

    Yet another way investing in Mortgage Backed Securities is different than making a loan on real property:

    http://www.courts.wa.gov/opinions/pdf/893675.pdf

    (You have to pay B&O on the income.)

  46. 46
    Blurtman says:

    RE: softwarengineer @ 42 – Got it backwards?

  47. 47

    RE: Blake @ 26

    There is One Good Seattle Area Pizza Place in the Seattle/Tacoma Area I Know About

    I even drive 25 miles there just for the delicious thick old-style pizza. Its called Katie Downs, its a bar so no families allowed…..the 14-16″ diameter large seems smallish, until it arrives on your table. I’d say 2 1/2-3″ thick [about 1 1/2-2 lb] with mass sauce and meat [the Great White White Sauce, Breast of Chicken, Artichoke Hearts, and Black Olives, one is to die for]. Its not cheap, about $26….but easliy feeds 2-3 to the brim. They even have great single serves with salad in the $10 range. Their entree salads are huge and delicious BTW, so don’t over order if you get a large one. Wash it down with the massive selection of micros [get a pitcher, what the heck] and you’ll come home with a smile and a box of left-overs for any under 21 back home….they’ll thank you later too.

    http://www.katiedowns.com/

  48. 48
    pfft says:

    Please please please.

    Wall Street scared new attorney general could be Preet
    http://nypost.com/2014/09/26/wall-street-scared-new-attorney-general-could-be-preet/

    Does disagreeing with Obama on Wall St. hurt my obamabot cred? Please Kary weigh in. LOL.

  49. 49
    pfft says:

    Bout time.

    How To Call A Team’s Bluff On Stadium Subsidies
    http://deadspin.com/how-to-call-a-teams-bluff-on-stadium-subsidies-1639664445

  50. 50
    wreckingbull says:

    RE: softwarengineer @ 47 – Good spot, SWE, spent many nights at the bar there when I should have been studying. I am glad to see the place is still around.

  51. 51
    Blurtman says:

    What’s that moron Yellen doing to address the extremely dysfunctional and derelict Federal Reserve ? Nothing.

    “Once clients are wealthy enough certain… laws don’t apply to them.”

    http://www.thisamericanlife.org/radio-archives/episode/536/the-secret-recordings-of-carmen-segarra?utm_source=et&utm_medium=email&utm_campaign=dailynewsletter

  52. 52
    wreckingbull says:

    RE: Blurtman @ 51 – I listened to that today. That was the quote that stuck out for me as well. Also, Fed regulators should not be housed in the same building. They should come in, kick ass, get their parking validated, and leave. If they have to repeat this daily for 9 months, so be it.

    No comparing family pictures at the water cooler, hoping to make friends for that seven figure job after the Fed stint.

    We are frigged.

  53. 53
    Blurtman says:

    RE: wreckingbull @ 52 – It’s in your face and the grazing sheeple deserve all they get as they moan about the decline of the middle class. Pathetic.

  54. 54
    redmondjp says:

    By Blurtman @ 53:

    RE: wreckingbull @ 52 – It’s in your face and the grazing sheeple deserve all they get as they moan about the decline of the middle class. Pathetic.

    Hey now, people have more pressing issues, like how much their new iphone bends when they sit on it.

  55. 55
    Blurtman says:

    RE: redmondjp @ 54 – But the President sure got in front of the issue on the Sunday talk shows, oh boy!

    (Crickets chirping.)

  56. 56

    By Blurtman @ 41:

    Eric Place Holder to Step Down. Angelo Mozillo Being Considered as Replacement.

    http://dailycaller.com/2012/02/24/obama-campaign-co-chair-tied-to-subprime-mortgage-crisis/

    An interesting topic raised on the Sunday morning shows. This might be timed to allow a replacement to be pushed through before a possible change in the makeup of the Senate, with confirmation by a lame duck Senate. Sort of like how a Supreme Court Justice will retire before the end of a D or R President’s term.

    Clearly Obama needs a certain type of person to be AG given his policies.

  57. 57
    Blurtman says:

    RE: Kary L. Krismer @ 56 – Both parties suck. Perhaps Corzine is available?

  58. 58
    pfft says:

    By wreckingbull @ 52:

    RE: Blurtman @ 51 – I listened to that today. That was the quote that stuck out for me as well. Also, Fed regulators should not be housed in the same building.

    seems so…obvious.

  59. 59
    pfft says:

    By Blurtman @ 53:

    RE: wreckingbull @ 52 – It’s in your face and the grazing sheeple deserve all they get as they moan about the decline of the middle class. Pathetic.

    it’s more than just the Fed. as far as income inequality goes this is the least of our worries.

  60. 60
    pfft says:

    By redmondjp @ 54:

    By Blurtman @ 53:

    RE: wreckingbull @ 52 – It’s in your face and the grazing sheeple deserve all they get as they moan about the decline of the middle class. Pathetic.

    Hey now, people have more pressing issues, like how much their new iphone bends when they sit on it.

    why isn’t when everyone whines about how nobody is paying attention to their pet topic they always say something like this? at least you didn’t reference American Idol…

    I guarantee there is something you aren’t attention to that’s important and that others think is important. you’re too busy on the internet:)

  61. 61
    pfft says:

    Kary, am I allowed to post criticism of the Obama administration? I await you opinion, don’t want to lose any Obamabot points!

    The Blotch on Eric Holder’s Record: Wall Street Accountability
    http://www.thenation.com/blog/181763/blotch-eric-holders-record-wall-street-accountability#

    I hope he nominates this guy even though I think insider trading cases are overrated.

    Wall Street scared new attorney general could be Preet
    http://nypost.com/2014/09/26/wall-street-scared-new-attorney-general-could-be-preet/

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