Like this was anything other than expected in the new Case Shiller Housing data from S&P/CoreLogic:
YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain for April, down from a 6.5% annual gain in the previous month. The 10-City Composite saw an annual increase of 8.0%, down from an 8.3% annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 7.2%, dropping from a 7.5% increase in the previous month. San Diego continued to report the highest annual gain among the 20 cities in April with a 10.3% increase this month, followed by New York and Chicago, with increases of 9.4% and 8.7%, respectively. Portland once again held the lowest rank this month for the smallest year-over-year growth, with a 1.7% annual increase in April.
Smoking, huh?
MONTH-OVER-MONTH
The U.S. National Index, the 20-City Composite, and the 10-City Composite upward trends decelerated from last month, with pre-seasonality adjustment increases of 1.2%, 1.36% and 1.38%, respectively.
After seasonal adjustment, the U.S. National Index and 10-City Composite posted the same month-over-month increase of 0.3% and 0.5% respectively as last month, while the 20-City reported a monthly
increase of 0.4%.
ANALYSIS
“For the second consecutive month, we’ve seen our National Index jump at least 1% over its previous all-time high,” says Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones Indices. “2024 is closely tracking the strong start observed last year, where March and April posted the largest rise seen prior to a slowdown in the summer and fall. Heading into summer, the market is at an all-time high, once again testing its resilience against the historically more active time of the year.”
Which picturizes like so:
The market softened a bit on the Futures, but this is just the usual whining (we think!) because it means at the July Fed meeting, still too strong to cut rates so we fade into our bet on a September cut to goose Joe into another bout of attempted governance…
Write when…yada, yada…
George@Ure.net
“8 Texas Hooters abruptly shut”
Hooters ambience commands a burger premium and larger tip. My understanding is T ‘n A has moved online. Enterprising chicks are managing OF pages instead of working the crowd at the bars. They find a couple of guys online to send credits. (O/T – nobody will tell me which A.I. software to get that would allow me to change my voice/physique into a 19 y/o hottie. Sell the dream on webcam.)
Street working prostitute quality has gone down too I guess. Same dilemma – work the street or get some guys to send online credits. At this point most street workers are the type who can’t keep a webcam going. I don’t know if the OF ‘models’ link-up IRL or not but it opens the possibility of multiple income streams.
“Depression is coming.”
I’ve been thinking about the Depression. Discounting foodies, if we’re not tied to material things do depressions exist?
The number one comment about the Great Depression was, “people couldn’t afford anything”. We’ve all seen the newly wedded couple buy a three/four bedroom house then using credit fill all the rooms with furniture. Is that necessary? Most furniture is particle board and not heirloom quality. Some Ikea stuff is so light it has to be screwed to the wall.
I mentioned my lot backs-up to a school/park combo unit. The neighbor lady next door has multiple basketball hoops in her yard for her kids. She’s also got a gate from her yard to the park where multiple hoops go unused. Are her hoops necessary and if she couldn’t have them/her kids had to walk 100 yards would that mean ‘depression’. Free is just outside the gate?
” Are her hoops necessary and if she couldn’t have them/her kids had to walk 100 yards would that mean ‘depression’?
Yes, her boops are necessary ;-) and the only ‘depression’ are the one’s going on in peoples’ mind, IMHO. The much maligned economic ‘depressions’ are there for a very good reason!
Unfortunately, our politicians seem to be knowing only war as an antidote against economic ‘depressions.’ So sad — but true!
Shout out the oldest Profession in the World !
Theres an app for that..pictures, ratings, crypto addies, dm.
Stay off the streets , and in between the sheets! or call Loob, hear he is getting a new set of Porno TaTa’s this morning at VA Hosp…”Dont judge a “book” by its cover!’ -https://youtu.be/bc80tFJpTuo?si=hHdcPgB0NC3Ai4B2
More like eighteen closing in Texas:
https://www.usatoday.com/story/money/food/2024/06/25/hooters-closed-restaurant-locations-list/74205691007/#:~:text=At%20least%2044%20%22underperforming%22%20Hooters%20restaurants%20have%20been,while%20launching%20Hooters%20frozen%20products%20at%20grocery%20stores
I ate in one once maybe 15 years ago. It looked like an underage watering hole. The waitresses were starving college girls. The service was abysmal. The burger I got looked mummified. Never went in another one.
“Depression is coming.”
Referencing to the past Depression is a complete waste of time. “What happened in the last Depression was that….,” Totally useless and futile.
We have a vastly different and highly complex financial and economic system – so different from D1 that they can hardly be mentioned in the same paragraph.
Our society is nearly the complete opposite from what it was 100 years ago. In the first Depression the vast majority of the population were rural – farm and land oriented., [ yet in Detroit one person starved to death every single day.] Just the reverse today – where the majority are fast food and cell phone oriented.
There will not be the 48 to 72 hour continual [Just-In-Time ] restocking of grocery shelves., restaurant freezers, or even dried beans from Amazon. It simply won’t happen. The supply chains will break, dramatically., and quickly. Leaving every city in the country in a near panic mode as the shelves go bare. Knife fights in the toilet paper aisle will look like nothing more than a “polite disagreement”., once the panic starts.
A couple hundred million people are tied to and/or stuck in – large cities – and they will not cooperate., they will not be humble and polite. They will not ask their neighbor if they need help. That is not our society any more. It just won’t happen. And when the shelves go bare? Hungry, desperate, angry mobs do horrifying things. And those shelves ‘will’ go bare, within hours, once the word gets out that the trucks aren’t coming anymore.
Trying to compare this society in the grips of a depression – to the first depression and the society back then ?.., you can’t.
I am not going to tell you what to do. I am not even going to ‘suggest’ what you should do. Your future., is yours.
If it does happen though., if we do drop into a full-on “Depression” – it will be way too late to ask.., “What do we do?”.
” I am not going to tell you what to do. I am not even going to ‘suggest’ what you should do. Your future., is yours..”
It stands to reason, because neither one of us knows what to do ;-). When I go shopping (yes I still do!!) I’m grateful when the truck unloads @ TJ’s in my neighborhood (1/4 mile) from my home. I consider those people (TRUCKERS not teamsters) the most valuable folks in our society. I hope it will happen during our life. Casa cerrado!)
That.
Agreed with an exception. Not being humble , polite, or helpful is no longer unique to the city. It’s infected even many of the folks out here where the busses don’t run. Most of the older neighbors are now passed on unfortunately replaced by part-timers and wannabe prepper transplants. Within hours of the “event” all bets will be off. Trust very few in your small orbit.
Stay safe.
https://youtu.be/8TVLHl98y1E?si=ssp79QhOwMqyuHi_
people don’t get it..my kids do t get it..we live in the time of plenty.. money has value very few have experienced or faced starvation.
when I worked trash ..one gent made a comment about cleaning out his families home and the storehouse of stuff.. I said its because they experienced the depression.
I know what I have experienced personqlly.. life has been hard and being what most describe as poor.. I had to learn skills that others take for granted.
my kids don’t get it.. they cannot even remotely imagine the horrors.
now I had a social worker examining our pantry.. taking in homeless people federal regulations have guidelines.. our normal s well above the mandated guidelines.. she asked me.. about it..I just said..if you have never had to crawl for food and water..you don’t have a clue..
I noticed at the church.. Mormons push preparation for the storm because of what the original members had experienced.. those that survived the depression the sa.e thing..we put value in cartoon coins pieces of paper gold and silver never even considering the what if.. I have had dreams lucid dreams of people wandering aimlessly looking.. men in ragged suits burning money to keep warm..
the boxcar children..I worked for the eldest of the kids we talked of how they survived living in an old rail boxcar..
I attempt to share my struggles so that others may learn from my life learning modules.. the simplest things we take for granted.. WATER… my new best friend .. has the knowledge of water he seen the needs of others and with his skills and knowledge made it a life’s mission to do what he could to save millions..
his book waterborne should be a top seller..it is the book of gods whisper and his ability to hear it and respond.. god bless him ..
it amazed me how so many don’t have a clue..they don’t know because it isn’t a part of their black book of life experiences.
if you have never had to walk twelve miles to get to work in freezing temperatures you don’t know what being cold is..the thought its always going to be available..
most people maybe have a couple extra packages of toilet paper and assume they are prepared.. when in reality they should be learning how to make it..
or cheese cooking oils etc. I spent my life being forced to learn these skills just to maintain a quality of life..
I don’t pity my life.. its been a wonderful journey of learning.. and experience.. plagued with medical expenses that would normally have people giving up I push forward..
what I see headed towards us is scary..and in a lot of ways I am glad that others can’t see or imagine it coming. ignorance is bliss..
“nobody will tell me which A.I. software to get that would allow me to change my voice/physique into a 19 y/o hottie. Sell the dream on webcam.)”
In todays world you dont need to be a 18 yr old hottie you can be you and i gOt damn guaranTee theres a buyer.
Im gonna toss you a free be here. Bottle up your bath water in a nice lookin bottle and get rdy for the profits . easy gains
Apparently there’s software in China that makes guys look like girls and they go to a hotspot outside and perform using their cellphones. I don’t know the details or how well it works, I’ve just seen references to this on the net.
It seems idiotic, but then again, everything’s a business model.
The reason I am so concerned about a true ‘Depression’ hitting this country – is that I was talked into joining a research project – just before the last presidential election – on the effects of a depression happening in this country – right now. There were six of us directly involved in the project with a couple extra computer nerds helping out on the side lines.
When we finalized the project, we held a video conference and every single one of us were horrified at the numbers – at what would happen to this society. One researcher was so shocked and sickened, that she quit her job, sold everything and moved to the middle of nowhere. She is still there and seems to be set-up quite nicely now. Even though she has a master’s degree in analytical statistics, she refuses to work in that field and is more interested in her carrots and chickens. [ good for her.]
The death toll in the large cities was incredible. And how long the depression would last was variable – all because of what actually triggered the depression. Economics, or nuclear ?
You should do a little “deep thought” on the consequences and out-come from a real depression hitting this society.
When it hits..it will be hell..and if war hits our shores people will not have a clue..in your life experiences black book you have seen the horrors of war and destruction..
your black book of life experiences I am sure exceeds what I have personally experienced.. you probably have seen horrors beyond what any of us could remotely imagine in our worst nightmares..
colonel McGregor has been a broken record trying to talk sense to those with deaf ears..
not one can imagine because its never been a part of their lives..the bully that you made an example of.. probably had never even after the second time he probably is still the bully..he had never experienced it..now imagine the horrors of war and useless destruction in new York city or San Francisco.. take that up a not hand imagine it being turned into a radioactive wasteland.. our politicians that cannot imagine the life they will have to live because of their life Choices… they aren’t moving their families because of what they have chosen for the nations path.. it isn’t fathom able to them. even when they could reflect on what has happened to political representatives of countries we have overthrown.. its never happened in the usa..so instead of taking the analysts warnings serious they strive for political alignments instead..
I fear because I can see things evolving beyond the hell I have experienced to points I cannot imagine ..
BCN, the dip has been delish. I hope you enjoyed sampling. Did you see where BIS is now talking accelerated adoption rates and smartphones and smart watches??
https://m.youtube.com/watch?v=hy07iFwUv40
Home-gamers: Here is a Life changing observation:
The Approve Mobile Phone Service (AMPS) “cell phone” is to the phone booth as the smartphone in your pocket is to your ATM, and bank brics and mortar branch office.
It’s great to be early. Got blockchain?
The universe leaves clues everywhere…. Like this one from several several several years ago. Scroll down to the pictures Tell me why ledger produced a nanoS rev5 and a NanoS rev5 “bis”.
https://support.ledger.com/hc/en-us/articles/4404382029329-Check-hardware-integrity?support=true
One question test .If you got this right in 2016, and disciplined DCA, and the right targets (future amazons of crypto) You knew that BIS was adopting crypto already. Epic just Epic. Won’t be long now folks, the curtains are being lowered to reveal to future of fintech/web3.0, or as BIS likes to say: the finternet.
Here’s the cliff notes version. (Warning has some colorful language at the beginning .)
https://m.youtube.com/watch?v=hy07iFwUv40
I hope it will NOT happen during our life.
CORRECTION, I’m already tired ;-). Bon soir!
Meanwhile, as the public fear uncertainty and doubt are seen on tee vee and media. What’s the big money doing?
https://x.com/vivek4real_/status/1805340738491924659?s=46
My grandparents lived in Western Oregon during the depression, starting in 1923. They were immigrants from Germany and had already been in the country for twenty years. They had worked their way onto 52 acres and built a fine dairy farm and became members of the community.
During the ‘depression’ they wanted for little, especially food. They had a small house used for housing hired hands and their families. In the 30’s families in need would pass through the tiny community looking for work and my Gramps would give them jobs and food. More than once he would find they left in the night and stole everything that was loose in the little house. No good deed goes unpunished.
He never became bitter, just accepted it as human nature and expected the next ones would be good. Many were and he often helped them to get started with their own farms and helped to build a better community.
He was a strength in that county. Founded the bank, the cheese factory, formed the Grange, ran the County fair board for 25 years and was just Ernie to all of them. If you needed your hay baled, he helped. Fix the roof of your barn, he was there.
He was also a 33rd degree Mason. I never heard a bad word about him from anyone. Always tough, but fair and honest. I treasured being his grandson, even though he worked me like a horse all summer long. Died at 97, still all there.
The ‘depression’ was different for everyone I guess.
But d’Lynn is right. Won’t be the same this time. Being in a big city is going to be problematic. At best.
Stiks
Moored by a tiny island somewhere.
Island life. Well Done!
Sly & The Family Stone – I Want to Take You Higher
(Official Audio)
https://www.youtube.com/watch?v=BqWQzOzK3kw