Of all the pundits and academics, I respect Jeremy Siegal (from Wharton) the most. He has been right on the market for a long time. He's now saying that it looks like investors are overly fearful of a rate rise in the Fall (like What's taper tantrums). He's saying that once the Fed raises rates 25-50 basis points and everyone sees that it really changes nothing and that rates are STILL at historically low levels, and this big bogey man is just that(remember Y2K????), that there will be a strong end of the year rally.
As long as rates don't rise above 6%, the US has no problems servicing debt. Additionally, it has been lengthening its duration of debt….substituting more longer term issuances at these rates than shorter term that always needs to be rolled over.
Good Morning all. I somehow got lucky exiting the subway at WTC and did not have to fight my way up the stairs with all the idiots playing their umbrellas. That must be a sign this will be a good day.
Louisiana has three "sales tax holidays:" one in May for hurricane preparation items, one in August for back to school and many other general items, and one in September for firearms, ammunition, and hunting supplies.
To help get over a huge budget hole (thanks, Jindal), it looks like the state will get rid of the tax holidays in May and August, but keep the one in September.
This Jeremy guy sounds like he's got his head on straight. A small increase in the rate is not a sign of the apocalypse, and overly fearful investors will eventually figure that out. I'm not an expert, but my thought is that an ounce of inflation prevention now is worth ten pounds of cure later, i.e. a few small increases over time will not result in the chaos and panic that would ensue after an unforeseen large jump in the rate.
Just a few blocks from one of our ex-poster's apartment. That looks like an automatic machine gun. Stop and frisk would have certainly found that but that policy is no more so they can carry anything now…..
rf doesn't seem to get the point, yet again. If stop and frisk were still in place, that cretin might have thought twice about carrying (if he has that capacity to thnk).
Has nothing to do with how long he was carrying. If stop and frisk were in place, the risk of getting stopped would still be there and that would act as a deterrent, at least in a rational mind.
WOW…the stupidity of Democrats is really unending…
The General Assembly should reject the budget deal that was reached between Gov. Dannel P. Malloy and Democratic legislators over the weekend.
As of Monday afternoon, the two-year, $40 billion deal appeared to dump the state's financial problems on the private sector's back while growing state spending and asking nothing from well-compensated state employees. It would raise taxes on corporations, hospitals, the middle class and the rich — four years after the largest tax hike in state history.
The deal fails to recognize that Connecticut now has the highest joblessness rate in New England and a shrinking population. General Electric, headquartered in Fairfield, issued an extraordinary statement Monday questioning "whether it makes any sense to continue to be located in this state." Aetna and Travelers made similar noises."
And these mind boggling tidbits….
"The state gave out raises of up to 12 percent for 200 political appointees in December and recently agreed to 9 percent raises for state troopers over the next three years. Some troopers can still earn more from their state pensions than they do from their salaries.
In this budget deal, no hard choices were made. No Republicans were allowed in the closed-door discussions. State employee unions made it clear not to expect concessions, and they got their wish.?
"Dave, how is it that these gangbangers are so dumb and crazy but they respond rationally to stop & frisk? Can't be both. "
Six, how is it that liberals can always tell you what is wrong with police procedures, but have no viable alternatives to point to? Say, how are things going in Baltimore these days, by the way? But do keep up the grievance industry. It works wonders for the residents.
Oh yes, and do tell us how the situation in Baltimore has nothing to do with their local governance. They are just victims of larger national trends, right?
One of the things I loved about Bloomberg is how data driven he was instead of ego or ideology driven.
- Examine the numbers behind the current situation - Implement an idea to improve things - Examine the numbers again - Determine if the idea should be expanded, modified, or shelved - Repeat
When I see that poor youth with an automatic weapon, I think to myself "There, but for pre-K education, go I". After all, Big Ball has assured us that universal pre-K is the key to solving such problems.
Caitlyn Jenner has some tricky day-to-day changes in store, including where she eats, drinks and changes clothes ... at the country club which has become her home away from home. Bruce Jenner became a member of Sherwood Country Club in Thousand Oaks, CA 15 years ago. He golfed there almost every day and established close relationships with his golfing buddies, including Wayne Gretzky. It's a very exclusive, ritzy club with an initiation cost set at $225,000. But now that Bruce is Caitlyn, there's a new set of rules that segregate her from the male members. For starters, the main dining room and bar are male only. They're actually attached to the men's locker room and women are not allowed. The women's restaurant is way more scaled down ... in other words, not nearly as nice. Our Sherwood sources say the board will enforce the rules, which means the camaraderie Bruce shared with the other members will be greatly impeded now that she's Caitlyn. But we're also told the board is open to an appeal by Caitlyn herself. She can attempt to make a case that she can keep the same privileges she had when she was Bruce. The club is closed for renovations until December, which means there's time to sort things out.
I thought you right wingers and your NRA support right to bear arms. he has a constitutional right to carry and conceal....take anywhere ...into schools, churches, bars ....across state lines. Oh wait. The guy is black. Nevermind.
Perhaps you didn't notice it, but he is doing more than bearing arms in the photo. He is using his weapon in a criminal manner. As such, I hope he is caught and jailed for a felony, at which point he will lose his right to bear arms. Furthermore, I hope he remains in jail for a long time. That's where he belongs.
I heard he is going to use the George Zimmermann defense and claim some black kid was going to jump him so self-defense. Asking that trial will be move to FLorida or Texas
"are you saying only women drink flavored vodka? women are incapable of appreciating fine spirits? "
Those two sentences are logically inconsistent.
If you reversed "only" and "women" in the first sentence, then they would be consistent. But, like I said, I was referring to "girls" whether they be high school or college age, not women.
Excellent article. Especially liked the authors analysis of ETY. My wild gamble on LL appears to be in the early stages of working out well. Price has stabilized and is moving up a little.
I only played it once actually and that was sometime around 2005 or so; with the rest of the US Trust International team. Can't remember the name of the bar but they were set up for it upstairs.
Scientists from the Queensland University of Technology (QUT) in Australia have discovered two new species of antechinus - a genus of tiny carnivorous marsupials whose males are wiped out each spring after mating themselves to death.
The antechinuses have become famous for their strange sexual habits. Each year, all the males in the species go on a mating and fighting rampage, which only ends when they're dead.
"The breeding period is basically two to three weeks of speed-mating, with testosterone-fuelled males coupling with as many females as possible, for up to 14 hours at a time," lead researcher Andrew Baker explained in a press release. "Ultimately, the testosterone triggers a malfunction in the stress hormone shut-off switch; the resulting rise in stress hormones causes the males' immune systems to collapse and they all drop dead before the females give birth to a single baby."
Just back from supermarket. Parking difficult. 1.5 blocks away. Raining. Giant puddles. Rienzi pasta on sale 5 for $5. Many bags, but I'll do it in one trip because I am strong. Struggle to open my lobby door. Wipe feet on runner. Up 3 steps and round the corner.
THREE GIANT UMBRELLAS LEFT OPEN IN THE HALLWAY COMPLETELY BLOCKING MY PATH!
what's with fuckin people who leave umbrellas open inside to dry out? some jerk at work does it - isn't the whole point of umbrellas that they're made of a material which whisks away water and doesn't get mildewy easily?
if pepper doesn't feel like cooking -- the greek church on schermerhorn is having their feast and plenty of greek food you can buy and take home. I might do tonight or tomorrow night.
Here's another with more photos. I say gut job. And the exterior front picture went missing. Here it is from other listing. Brownstone needs to be refaced.
Definitely not a gut. Mechanicals look new. Plaster, etc looks good. Floors need to be done and needs new kitchens and baths. That is not the definition of a gut which typicall means it needs to come down to the studs and framing.
You just feel like arguing. Tell me you are living with that hot air device/radiator and the dropped tiled ceiling and the closets where the don't belong after you spend 1.5 on the house.
I'll say again, I can see Barclay's from my apartment, but it is close to a non-entity when it comes to how it impacts my daily routine. Increased sidewalk traffic is unnoticeable less than a block away, and the only time when traffic is really noticeable is when an old white person is having a concert, and all their fans want to leave in Limos the second it is over.
By train, it's 29 minutes Ovington to BH, 18 min MacDonough to BH.
I totally agree that if you plan on driving everywhere, Bay Ridge is better than Bed-Stuy.
As I see it, Bed-Stuy is for people who would like to be in Manhattan/Brooklyn Heights, but are willing to trade a longer commute for something more affordable. Bay Ridge is for people who would like to be in Staten Island/Sheepshead Bay/Long Island, but are are willing to trade something less affordable for a shorter commute.
I can see why you think that way, but that was never the reality of anyone I knew there. Was more like Bay Ridge is for people with cars who work in the city but have family in Queens, Staten Island, LI and NJ.
I kinda prefer CobbleCarrolBoerum as far as location. Yeah, the mousaka line was much shorter than the souvlaki. The cheese pie things were very good. Someone was not so impressed with the cookie thing.
You are not too far off. What was and still is the case is that it is a driving culture and its proximity to the Verrazano Bridge and the Belt Pkwy made the route to the shore communities easy. It made roaming very possible from there. No one felt land locked there.
my buddy lives in sunset park and said a big reason why the gentrification has been slow to get down there is bc the ethnic groups down there are very intrenched (Chinese mainly - Hispanic to a lesser extent ) and won't rent to non Chinese. That's definitely changed in the last 5 yrs or so. Dunno how much truth there is to that.
Makes sense though. Manhattan Chinatown is hanging in there
Not sure how they found they way to northwest NJ from Bay Ridge. Seems to have been a place for entertainers at one time as Bud Abbott had the house across the street.
Actually, it's not. The last census revealed that the number of foreign-born Chinese in Chinatown is starting to shrink. Chinatown in Manhattan still has a ways to go, but it is destined for the same fate as Little Italy.
Right. I remember reading something about that. But - there's still a strong Chinese presence there. I don't doubt it will end up sterilized like the rest of manhattan - but def seems to be happening slower
Manhattan Chinatown has changed and grown to the east and south, to the river and to the Brooklyn Bridge. If you just count Centre St. to Canal St., old Chinatown, sure, it's like a Cantonese museum. But half the waiters in Little Italy are Chinese and they Chinese-Americans are a major presence in thecoops and housing projects east to the river all the way to the Brooklyn Bridge, plus Knickerbocker Village which was Jewish, then Italian, now mostly Chinese. Sure, plenty have moved away but plenty stayed to raise their families.
When I lived in Bay Ridge/Dyker Heights 30 years ago, people rented for a few weeks down the shore, when they went on vacation. Not every weekend, and they didn't own.
That is all very nice what you say, but it doesn't take away from my point: Chinatown is starting to shrink, as have all the ethnic enclaves in Manhattan (including Washington Heights). The real estate pressure and assimilation patterns are inexorable.
The old woman who lived across from me in 11201 was thrown down her stoop by a thug on Good Friday 1993. Ghastly death. She always sat there in the afternoons wearing her fur and accompanied by her caregiver.
It was awful. It was a gorgeous Sunny day. I rode to shore road then over to CI. Got home and what a scene it was on Willow. Shocking. She was in her 90s.
As long as rates don't rise above 6%, the US has no problems servicing debt. Additionally, it has been lengthening its duration of debt….substituting more longer term issuances at these rates than shorter term that always needs to be rolled over.
I somehow got lucky exiting the subway at WTC and did not have to fight my way up the stairs with all the idiots playing their umbrellas.
That must be a sign this will be a good day.
Louisiana has three "sales tax holidays:" one in May for hurricane preparation items, one in August for back to school and many other general items, and one in September for firearms, ammunition, and hunting supplies.
To help get over a huge budget hole (thanks, Jindal), it looks like the state will get rid of the tax holidays in May and August, but keep the one in September.
That's whack!
I'm not an expert, but my thought is that an ounce of inflation prevention now is worth ten pounds of cure later, i.e. a few small increases over time will not result in the chaos and panic that would ensue after an unforeseen large jump in the rate.
http://www.nydailynews.com/new-york/brooklyn/poly-prep-school-official-students-cuba-lawsuit-article-1.2240145
i've been meaning to watch transparent - just finished catching up on orphan black - that's another one to watch that's on amazon prime
http://gothamist.com/2015/06/01/bed_stuy_shooting.php
Hopefully they become better at hitting their intended gangbanger targets so there will be fewer of them.
Capisci????
LOL - you really are a moron. i can't believe you've made it 60+ years without accidentally electrocuting yourself or something.
Stupid fuck
http://clothingmonster.com/en/30-pets?utm_term=103550_103606_103334&gclid=CJCDgOml8cUCFdLLtAodKT8A9g
where'd he go? making toast in the shower?
The General Assembly should reject the budget deal that was reached between Gov. Dannel P. Malloy and Democratic legislators over the weekend.
As of Monday afternoon, the two-year, $40 billion deal appeared to dump the state's financial problems on the private sector's back while growing state spending and asking nothing from well-compensated state employees. It would raise taxes on corporations, hospitals, the middle class and the rich — four years after the largest tax hike in state history.
The deal fails to recognize that Connecticut now has the highest joblessness rate in New England and a shrinking population. General Electric, headquartered in Fairfield, issued an extraordinary statement Monday questioning "whether it makes any sense to continue to be located in this state." Aetna and Travelers made similar noises."
And these mind boggling tidbits….
"The state gave out raises of up to 12 percent for 200 political appointees in December and recently agreed to 9 percent raises for state troopers over the next three years. Some troopers can still earn more from their state pensions than they do from their salaries.
In this budget deal, no hard choices were made. No Republicans were allowed in the closed-door discussions. State employee unions made it clear not to expect concessions, and they got their wish.?
http://www.courant.com/opinion/editorials/hc-ed-reject-state-budget-20150601-story.html
It's you and your generation who will wind up paying for and eventually losing benefits due to the Democrats profligate spending!!!!!
Six, how is it that liberals can always tell you what is wrong with police procedures, but have no viable alternatives to point to? Say, how are things going in Baltimore these days, by the way? But do keep up the grievance industry. It works wonders for the residents.
- Examine the numbers behind the current situation
- Implement an idea to improve things
- Examine the numbers again
- Determine if the idea should be expanded, modified, or shelved
- Repeat
When I see that poor youth with an automatic weapon, I think to myself "There, but for pre-K education, go I". After all, Big Ball has assured us that universal pre-K is the key to solving such problems.
Bruce Jenner became a member of Sherwood Country Club in Thousand Oaks, CA 15 years ago. He golfed there almost every day and established close relationships with his golfing buddies, including Wayne Gretzky. It's a very exclusive, ritzy club with an initiation cost set at $225,000.
But now that Bruce is Caitlyn, there's a new set of rules that segregate her from the male members.
For starters, the main dining room and bar are male only. They're actually attached to the men's locker room and women are not allowed. The women's restaurant is way more scaled down ... in other words, not nearly as nice.
Our Sherwood sources say the board will enforce the rules, which means the camaraderie Bruce shared with the other members will be greatly impeded now that she's Caitlyn.
But we're also told the board is open to an appeal by Caitlyn herself. She can attempt to make a case that she can keep the same privileges she had when she was Bruce.
The club is closed for renovations until December, which means there's time to sort things out.
Read more: http://www.tmz.com/2015/06/02/caitlyn-jenner-golf-course-sherwood/#ixzz3bvLWwkXr
Time for a nap, I'd say.
Perhaps you didn't notice it, but he is doing more than bearing arms in the photo. He is using his weapon in a criminal manner. As such, I hope he is caught and jailed for a felony, at which point he will lose his right to bear arms. Furthermore, I hope he remains in jail for a long time. That's where he belongs.
BWAHAHAHAHAHAHAHAHAHA
Asking that trial will be move to FLorida or Texas
http://distractify.com/pinar/every-room-should-be-a-puppy-room/?ts_pid=2&ts_pid=5
I feel the tiny bit guilty of robbing them of that water.
http://distractify.com/jason.mustian/d-e-f-i-n-i-t-e-l-y/
It's spelled "too"
FAIL
Other than beer pong????
http://seekingalpha.com/article/3226536-equity-cefs-follow-the-800-pound-gorilla?isDirectRoadblock=false&uprof=44
You were the one who said, long ago, that flavored vodkas were for high school girls.
You've really got some cognitive issues these days.
Those two sentences are logically inconsistent.
If you reversed "only" and "women" in the first sentence, then they would be consistent. But, like I said, I was referring to "girls" whether they be high school or college age, not women.
Capisci?????
“If everybody likes you, you’re pretty dull.â€
-Bette Davis
My wild gamble on LL appears to be in the early stages of working out well. Price has stabilized and is moving up a little.
Never played it or any similar game.
All he does is eat chocolates and swim it off.
Totally!
There was a pair of orange patent leather cockroach killers on the sale rack for $1400. Why and who?
Better than I was expecting.
Congrats Scott.
Noice, Scott.
The antechinuses have become famous for their strange sexual habits. Each year, all the males in the species go on a mating and fighting rampage, which only ends when they're dead.
"The breeding period is basically two to three weeks of speed-mating, with testosterone-fuelled males coupling with as many females as possible, for up to 14 hours at a time," lead researcher Andrew Baker explained in a press release. "Ultimately, the testosterone triggers a malfunction in the stress hormone shut-off switch; the resulting rise in stress hormones causes the males' immune systems to collapse and they all drop dead before the females give birth to a single baby."
Drinks Next Time
Just so happens that will be this coming
Monday, June 8th
6:30ish
Hollow Nickel
Toasting the birthday girl, rf!
I was expecting my raise and bonus to be flat, so this was good news.
Parking difficult.
1.5 blocks away.
Raining. Giant puddles.
Rienzi pasta on sale 5 for $5. Many bags, but I'll do it in one trip because I am strong.
Struggle to open my lobby door.
Wipe feet on runner.
Up 3 steps and round the corner.
THREE GIANT UMBRELLAS LEFT OPEN IN THE HALLWAY COMPLETELY BLOCKING MY PATH!
http://www.zillow.com/homedetails/230-Ovington-Ave-Brooklyn-NY-11209/30693074_zpid/
Sorry to say, but I don't understand why people are paying that for total gut jobs in Bed Stuy.
http://www.zillow.com/homedetails/714-Jefferson-Ave-Brooklyn-NY-11221/30604548_zpid/
http://www.zillow.com/homedetails/1030-Bedford-Ave-Brooklyn-NY-11205/30612627_zpid/
and the only one I see with details and restored is 3.2 million:
http://www.zillow.com/homedetails/126-Hancock-St-Brooklyn-NY-11216/30610356_zpid/
http://www.zillow.com/homedetails/237-Madison-St-Brooklyn-NY-11216/30609374_zpid/
lol @ the fly trap in photo #10.
http://www.zillow.com/homedetails/55-Macdonough-St-Brooklyn-NY-11216/30610972_zpid/
3.4 miles, 20 minutes.
230 Ovington Ave, Brooklyn, NY 11209 to Whole Foods, 3rd and 3rd.
3.6 miles, 14 minutes.
I just don't get the enticement of Bed Stuy or Bushwick vs Sunset Park or Bay Ridge.
Fascinating.
At least it's relevant to Brooklyn.
Nadal meets Djokovic and Murray, Ferrer tomorrow.
I keep going back and forth on Sunset Park.
There is some real value, but also a bunch of very "inconsistent" blocks.
I'm more of a traditionalist, who thinks distances should be measured from Borough (City) Hall.
19 min (3.3 mi) MacDonough to BH
Big mileage difference there.
I totally agree that if you plan on driving everywhere, Bay Ridge is better than Bed-Stuy.
As I see it, Bed-Stuy is for people who would like to be in Manhattan/Brooklyn Heights, but are willing to trade a longer commute for something more affordable.
Bay Ridge is for people who would like to be in Staten Island/Sheepshead Bay/Long Island, but are are willing to trade something less affordable for a shorter commute.
Yeah, the mousaka line was much shorter than the souvlaki. The cheese pie things were very good. Someone was not so impressed with the cookie thing.
Makes sense though. Manhattan Chinatown is hanging in there
Exactly right.
Actually, it's not. The last census revealed that the number of foreign-born Chinese in Chinatown is starting to shrink. Chinatown in Manhattan still has a ways to go, but it is destined for the same fate as Little Italy.
That is all very nice what you say, but it doesn't take away from my point: Chinatown is starting to shrink, as have all the ethnic enclaves in Manhattan (including Washington Heights). The real estate pressure and assimilation patterns are inexorable.
Hey, we have our advantages.
Remember him?
Never mind.