tag:blogger.com,1999:blog-21297199.post5766063943126269802..comments2024-03-29T06:35:11.321-04:00Comments on The Elephant Bar: Housing prices have now fallen further than they did during the Great DepressionDeuce ☂http://www.blogger.com/profile/13472858446242700869noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-21297199.post-43701812126588983142011-06-01T23:32:39.515-04:002011-06-01T23:32:39.515-04:00Trump: The Ryan Medicare Plan is a Republican Dea...<a href="http://hotair.com/archives/2011/06/01/trump-lets-face-it-paul-ryans-medicare-plan-is-a-republican-death-wish/" rel="nofollow">Trump: The Ryan Medicare Plan is a Republican Death Wish.</a>Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-55301481223761110302011-06-01T19:58:19.672-04:002011-06-01T19:58:19.672-04:00Leading volcanologist, Clive Oppenheimer, has warn...<i>Leading volcanologist, Clive Oppenheimer, has warned of a one-in-500 chance of the earth being hit by a “super- volcano” this century.<br /><br />Whoever thought the Icelandic ash cloud seemed worrying was in for a shock when the vulcanology expert added that this statistic is worse than it sounds: “It is a lot more likely than an asteroid impact.”</i>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-28752459953144147822011-06-01T19:52:06.265-04:002011-06-01T19:52:06.265-04:00The 35-year-old man wanted to test his endurance a...<i>The 35-year-old man wanted to test his endurance and asked his friend to help him spend the night buried, according to Alexei Lubinsky, a senior aide to the region's chief investigator.<br /><br />...<br /><br />The victim's friend told investigators he covered the hole with planks and earth to a depth of around eight inches and then went home, after receiving a phone call from his friend telling him he was fine. The next morning, he found his friend dead.</i><br /><br /><a href="http://www.telegraph.co.uk/news/worldnews/europe/russia/8549707/Russian-man-dies-burying-himself-alive.html" rel="nofollow">Buried Himself</a>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-4248853366023682812011-06-01T19:40:28.756-04:002011-06-01T19:40:28.756-04:00Banks bought 91pc of the £39.8bn of net issuance o...<i>Banks bought 91pc of the £39.8bn of net issuance of new gilts with purchases totalling £36.1bn, compared to the £11.4bn of UK debt bought in the preceding six months.</i>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-85026527162894062362011-06-01T19:38:57.762-04:002011-06-01T19:38:57.762-04:00Greece is due to receive a €12bn injection from Eu...<i>Greece is due to receive a €12bn injection from Europe and the IMF on June 29 as part of the international bail–out programme. Delivery of the cash is subject to a progress report on asset sales and spending cuts by the international authorities.</i>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-14201477486617047682011-06-01T19:36:04.112-04:002011-06-01T19:36:04.112-04:00The surprise dip in activity caused the pound to t...<i>The surprise dip in activity caused the pound to tumble almost a cent against the dollar.<br /><br />“All this does is place further doubts over the strength of the UK’s economic recovery, which pushes back expectations of a long-awaited Bank of England rate rise,” said Caxton FX currency analyst Richard Driver. “Some players bet on a rate rise at the end of this year, but as things stand we are likely to have to wait until the end of the first quarter of 2012.”</i>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-44144106209830480382011-06-01T19:33:10.813-04:002011-06-01T19:33:10.813-04:00Although the index, which fell from 54.4 to 52.1, ...<i>Although the index, which fell from 54.4 to 52.1, indicated that activity is continuing to grow, the rate of expansion is the slowest since September 2009, when the UK was in recession.</i>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-57302028281446488272011-06-01T19:04:13.431-04:002011-06-01T19:04:13.431-04:00Stop the Presses! Sugarcane advocate is slightly ...Stop the Presses! Sugarcane advocate is slightly off on his numbers on Corn Ethanol.<br /><br />Lord, will it Ever stop? :)Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-71659090328394005962011-06-01T17:35:23.590-04:002011-06-01T17:35:23.590-04:00Rufus II said...
"I guess, Rat, the bank wa...Rufus II said... <br /><br />"<i>I guess, Rat, the bank was carrying those houses on their books at a number higher than their "listing" price. To sell means they would have to "show a loss." (Or, maybe, they think the market is going to "turn up.")</i>"<br /><br />Doctor housing bubblle has been banging that drum for years, almost back to the famous Rufus ripple in a pond quote regarding the magnitude of the oncoming Real Estate Bubble crash first referenced here by Doug. <br /><br />In addition to explaining how the Gummints free money to banks makes risk-free money making activities hard to resist.<br /><br />But some are distracted by Ethanol Dreams.Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-52399011088464204332011-06-01T17:33:17.762-04:002011-06-01T17:33:17.762-04:00This comment has been removed by the author.Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-33721877307180406152011-06-01T17:28:26.440-04:002011-06-01T17:28:26.440-04:00ETHANOL PRODUCER MAGAZINE
Sugarcane efficiently t...<a href="http://www.ethanolproducer.com/articles/5345/sugarcane-economics" rel="nofollow">ETHANOL PRODUCER MAGAZINE</a><br /><br />Sugarcane efficiently turns sunlight and chemical inputs into energy and requires a minimal amount of fertilizer, compared with other ethanol feedstocks. "Your total input costs are less [with sugarcane] than with corn or some of the other crops that are used for ethanol production," Richard says. <br /><br />The energy balance is also greater. <br /><br /><b>While corn generally produces about 1.5 units of energy for each unit of energy it consumes <br /><br />the energy balance of sugarcane is approximately eight to one, Legendre says.</b><br /><br />---<br /><br />BUT, we will be reminded... <br /><br />EVERYBODY but Rufus is a "dumbfuck"<br /><br />period<br /><br />Case closed.Doughttps://www.blogger.com/profile/16770268554450465514noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-37173960135276856722011-06-01T15:32:35.601-04:002011-06-01T15:32:35.601-04:00I wouldn't be so mad if they'd just put a ...I wouldn't be so mad if they'd just put a "Few" of those sonofabitches in jail.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-42988753828764753412011-06-01T15:09:06.454-04:002011-06-01T15:09:06.454-04:00A typical Republican, and the "pay-off" ...A typical Republican, and the "pay-off" for not having "Spending Discipline"<br /><br /><i>NEW YORK -- With Goldman Sachs' latest high-profile hire, the Wall Street giant is unlikely to shake its Government Sachs nickname or the reputation for exerting undue influence in Washington that it implies.<br /><br />Goldman announced Friday that it had named three-term Sen. Judd Gregg an international adviser to the bank. The New Hampshire Republican will "provide strategic advice to the firm and its clients, and assist in business development initiatives across our global franchise," Goldman said in a statement.<br /><br />"Judd Gregg's experience and insight will contribute significantly to our firm and our continuing focus on supporting economic growth," said Lloyd Blankfein, Goldman's chairman and CEO.</i>desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-6377154829247922792011-06-01T15:06:27.435-04:002011-06-01T15:06:27.435-04:00I guess, Rat, the bank was carrying those houses o...I guess, Rat, the bank was carrying those houses on their books at a number higher than their "listing" price. To sell means they would have to "show a loss." (Or, maybe, they think the market is going to "turn up.") <br /><br />Either way, I'd bet you will be able to buy those houses cheaper in the future. <br /><br />Egypt, and Yemen, are sooo hosed. No "exports" to speak of, Big Food Importers. Others in the ME to follow.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-27811380490402366382011-06-01T14:55:37.953-04:002011-06-01T14:55:37.953-04:00Virginity tests: Misogyny and intimidation in Egyp...<i><b>Virginity tests: Misogyny and intimidation in Egypt</b><br />Christian Science Monitor - <br /> <br /> <br />The Egyptian military's use of so-called virginity tests against female democracy protesters in Tahrir Square is part of a long tradition of using sexual harassment as a tool of social control.</i><br /><br />"Progress", which he US continues to subsidize, while we are told the Federal government is out of money to continue to fund Medicare.<br /><br />While Congressional aides received millions in year end bonuses.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-89052449782738488822011-06-01T14:36:51.141-04:002011-06-01T14:36:51.141-04:00Israel’s strategy to regain control of the House c...<i>Israel’s strategy to regain control of the House centers on congressional districts, currently held by Republicans, but where voters supported President Obama in 2008. He has identified 14 districts, now represented by a Republican, that voted for both John Kerry and Barack Obama for president.<br /><br />His worst-case goal is to win 8 of them, Israel said. Another 47 districts voted for President Obama and are now represented by a Republican. His worst-case is to win 18 of those.<br /><br />Writing in the latest issue of National Journal Daily, political analyst Cook cautioned, “Sure, there are 61 seats in Republican hands that were in districts won by President Obama in 2008, but the political climate that year represented a high water mark for Obama and for Democrats.”</i>desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-24048625486520040022011-06-01T14:33:57.787-04:002011-06-01T14:33:57.787-04:00Rep. Steve Israel, the Democrat charged with retak...<i>Rep. Steve Israel, the Democrat charged with retaking the House for his party in 2012, says the election outcome <b>“is going to be razor close, razor close. The House will be in play.”</b></i>desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-76014206343177065102011-06-01T14:32:14.963-04:002011-06-01T14:32:14.963-04:00Rep. Steve Israel, the Democrats' congressiona...<a href="http://www.csmonitor.com/USA/Politics/monitor_breakfast/2011/0601/How-Democrats-plan-to-retake-the-House-in-2012-VIDEO" rel="nofollow">Rep. Steve Israel, the Democrats' congressional campaign chief, hasn't said Democrats will retake the House – just that they might.</a>desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-7146910459246835272011-06-01T14:28:19.350-04:002011-06-01T14:28:19.350-04:00Anecdotally we have made offers on three foreclose...Anecdotally we have made offers on three foreclosed properties, cash, at the full asking price plus, but the banks would not accept the offers in a timely fashion.<br /><br />We withdrew the offers, the properties remain vacant. <br /><br />Whatever that means, in the "big picture".desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-86951789867423312372011-06-01T14:21:02.423-04:002011-06-01T14:21:02.423-04:00Well, the number of vacant homes in the neighborho...Well, the number of vacant homes in the neighborhood has never been higher.<br /><br />While my real estate man tells me that the number of homes on the foreclosure market has decreased from the peak, by almost half. He further reports that the "word" is that the numbers will not be heading up.<br /><br />That "investors" are coming from around the country, buying the houses. This is not evident in the number of vacant houses in the area.<br /><br />It does seem clear, though, that housing prices will not recover to 2007 levels, not any time soon.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-15114935802601813932011-06-01T14:17:31.820-04:002011-06-01T14:17:31.820-04:00They really believe this is a "garden variety...They really believe this is a "garden variety" recession. <br /><br />I don't understand how they can believe that; but they do.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-49197962101513228812011-06-01T14:14:15.479-04:002011-06-01T14:14:15.479-04:00We're doing so many things wrong, right now, a...We're doing so many things wrong, right now, and I haven't seen a politician, yet, that seems to "get it."Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-16999967947419943702011-06-01T14:00:41.869-04:002011-06-01T14:00:41.869-04:00I'm pretty sure that when the economic cycle g...I'm pretty sure that when the economic cycle guys (the ones that date recessions) date this recession they will start it around "Mar. 2011." (even if the current qtr shows some nominal small growth of 0.3, or somesuch.)Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-82948528795935370602011-06-01T13:59:32.040-04:002011-06-01T13:59:32.040-04:00The politicos are protecting their perceived statu...The politicos are protecting their perceived status que.desert rathttps://www.blogger.com/profile/02369546288659566961noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-57604061355652213532011-06-01T13:38:51.907-04:002011-06-01T13:38:51.907-04:00The Main thing to remember is that the Main thing ...The Main thing to remember is that the Main thing is the "Main" thing.<br /><br />The "Main" thing is, and always has been, "Employment."<br /><br /><br />With a "Job" you can fight your way out. Without one, you're roadkill. <br /><br />The most optimistic thing that can be said about us, right now, is that we're "frozen in the headlight" of the oncoming truck.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.com