Monday: New Home Sales

Let the ponzi continue---
We can achieve wealth by selling each other houses and pizza.

What could possibly go wrong?

I would not bet against Rajesh. He has 6,266 prediction points. That's not whistling Dixie.

What are those worth in the afterlife of HCN?

adornosghost wrote:

What could possibly go wrong?

The extinction of anchovies?

We can achieve wealth by selling each other houses and pizza.

Actually, the ones achieving the wealth this way are the skimmers.

What are those worth in the afterlife of HCN?

Nothing. One of my greatest disappointments in life is never being able to rise above #19.

EU failed to heed emissions warnings in 2013 - FT.com

8 hours ago

"The EU's top environmental official alerted his colleagues that motor manufacturers were gaming European emissions tests more than two ago...."

Im shocked, shocked to find that gambling is going on in here!

Pigged

adorno,

I want to say I appreciate your resource-chain focus on energy supplies, and the 2nd law of thermodynamics, in particular.

a key perspective, imo

There is no 44% or 60% "chance." Those are not options. Either; yes no or NIRP.

adornosghost wrote:

Let the ponzi continue---
We can achieve wealth by selling each other houses and pizza.

What could possibly go wrong?

Is it gluten free pizza?

VW emission scandal file has gone 'missing'?

Oct 23rd 2015 at 8:01AM

"Volkswagen's emissions scandal has investigators around the world collecting reams of documents for some deep detective work into the company. With so much still to know about the cheating, it could be a significant loss if a "secret file" from the automaker went missing, as Germany's Bild claims. However, the contents of that document might not actually have been cause for worry.

Prosecutors in the German state of Lower Saxony have been investigating VW. One of those somehow went missing around Oct. 12, which was reported as a crime, Reuters said. After questioning, no one described seeing anything unusual.

While certainly a loss, the document reportedly wasn't that vital to the investigation. According to a spokesperson speaking to Reuters, it contained some duplicates of data already available online and notes about legal questions in the case. The investigators described the issue as more "annoying" than as a grave concern.

A major question in VW's emissions cheating has remained how many people knew what was going on. So far, the company has claimed only a few were involved, but investigators have been gathering evidence from offices all over Europe. The authorities already searched the company in France, and Lamborghini was checked in Italy."

Outsider wrote:

VW = very wrong?

I've been thinking about replacing my 17 year old pick up...A VW set up for biodiesel might be a good choice.

Volkswagen extends emission scandal probe to extra engine types | ZDNet

October 23, 2015 -- 11:25 GMT (04:25 PDT) |

"The emissions scandal could extend beyond 11 million vehicles and the new investigation act as a catalyst for a fresh wave of financial damage to the firm."

"Volkswagen is probing deeper into its diesel engine range to see whether additional vehicles contain illegal software which circumvents air emission standards.

In a statement released Thursday, the German automaker said two versions of its diesel engines, EA 288 EU5 and EU-6 models, do not have "defeat devices" installed and are therefore clean when it comes to emissions testing.

However, the defeat devices have been installed in millions of vehicles. While new diesel models offered in the European Union meet legal requirements, the investigation is ongoing -- and older models sold outside the EU may be affected.

If older diesel engines do contain the same defeat devices, this could raise the number of vehicles requiring fixes beyond 11 million. For Volkswagen, this leads to a heavier financial burden, a lengthening of the investigation and potentially additional fines levied by governments and damages pursued by customers..."

VW board, management tasked with cleanup are same team that presided over emissions scandal - Canadian Business - Your Source For Business News

Oct 25, 2015

Im shocked, shocked to find that gambling is going on in here! Facepalm

Hu Knows Bubble, Bubble, Toil and Trouble
A China twist: why are malls closing if consumption is rising?
| Reuters

The Di Mei shopping center in downtown Shanghai is a surprisingly depressing place to shop.

The underground mall is located in one of the most shopping-mad cities in China, and yet it is run down and starved of customers.

"Sometimes I cannot sell even one dress in a day," said dress shop owner Ms Xu, who rents a space in Di Mei.

Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and department stores, despite official data showing a sharp rebound in retail sales that helped the world's second-largest economy beat expectations in the third quarter. [nL3N12J1EK]

The answer to that apparent contradiction lies in the rising competition from online shopping and government purchases possibly boosting retail statistics. Add poorly managed properties into the equation and the empty malls aren't much of a surprise.

More importantly, the struggles of Chinese brick-and-mortar retailers amplify a policy conundrum; these malls, built to reap gains from rising consumption, are instead adding to China’s corporate debt problem, currently at 160 percent of GDP - twice as high as the United States. [nL3N0ZZ00F]

I've hated VW ever since I bought a used Dasher around 1980 that broke down on I-95 in south FL and never ran right after that.

Outsider wrote:

I've hated VW ever since I bought a used Dasher around 1980 that broke down on I-95 in south FL and never ran right after that.

I learned to drive in a '47 bug, it's still running.

Volkswagen offices searched after ex-CEO quits post at Porsche - The Globe and Mail

Sunday, Oct. 18, 2015 7:25PM EDT

Volkswagen 'clean diesel' ads face U.S. probe - Business - CBC News

Oct 16, 2015

VW funds pro-diesel health research | The Times

Published 6 minutes ago

"Volkswagen poured money into an “independent” scientific group which has challenged claims that diesel car fumes cause lung cancer and ill health, an investigation by The Times can reveal."

My Head Just Exploded

I learned to drive in a '47 bug, it's still running.

Wow. Must be hard to get parts for that.

A China twist: why are malls closing if consumption is rising?

The magic of Alibaba?

Maybe they're going thru the same transformation we are.

Tom Stone wrote:

I've been thinking about replacing my 17 year old pick up.

hell, I just bought a 17 year-old vehicle, and was glad because it was a non-smoker with an intact windshield

Alibaba results likely to dim outlook for China consumer spending
| Reuters

Chinese e-commerce giant Alibaba Group Holding Ltd's (BABA.N) second-quarter revenue growth is likely to have slumped to half the year-earlier rate, undermining hopes consumer spending will temper a slowdown in the world's second-biggest economy.

Beijing is hoping that private consumption will pick up the slack as exports fall and it tries to rebalance the economy - now heading for its slowest full-year growth in 25 years - away from a reliance on trade and government spending.

But Alibaba's second-quarter results due on Tuesday are expected to cloud the increasingly grim outlook for consumer spending, which accounted for 60 percent of China's economic growth in the first half of 2015.

"Much focus will be paid to the deceleration in volume growth Alibaba guided to mid-quarter. Investors will be looking to see if Alibaba can improve take rates to make up for this slowdown," Wedbush Securities analyst Gil Luria said.

Mediocre data from the firm behind China's biggest and most-successful e-commerce platforms could provide fresh fodder for bears predicting China is heading for a much harder economic landing than the official figures would suggest.

wrote on Sun, 10/25/2015 - 5:10 pm (in reply to...)
I learned to drive in a '47 bug, it's still running.
Wow. Must be hard to get parts for that.

Lol!

I'll have to run the VIN but I think the Expedition turns 17 in a few weeks.

re: automotive industry, monster trucks, Clean Air Act, hypocrisy

With some tuners, you can flip even while you're driving. "[if] there's a corvette next to you and you want to race him from a stoplight, you can hit level 5 and go crazy," Lind says.

When it's time to go in for a smog test, you just hit 1 to go back to the default. It's not as sophisticated as the VW hack — which automatically sensed when the car was being inspected. Still, Lind says, it gets the job done. "When you're done, go back out in the parking lot, plug it in and give yourself all the power and mileage back."
[...]
The aftermarket industry is not hidden. It's easy to find. But it's not clear if it's legal. The question turns on two areas of law: environmental law and, perhaps less obviously, copyright law.

It's Not Just VW: A Robust Market For Reprogramming Vehicles LISTEN

(Related GOOG result: CA ARB, ARB Website Error Message - Page Not Found! scrubbed.)

The largest and best voice the aftermarket has is an organization by the name of SEMA or Specialty Equipment Market Association. They are the 800 pound gorilla that has quite a lobbyist on the payroll and is heading up the resistance to this petition. Today, they released this public statement on their position
[...]
For SEMA to be able to flex their muscle, they need to have an active membership. They send out e-mails requesting that certain people be sent an e-mail or an office receive calls. This is them flexing their muscle getting politicians to act in a favorable way for the aftermarket.

Don’t believe this stuff works? Just ask any politician if they would cross the NRA. This relatively small group is one of the biggest powerhouses in the lobbying community because of how active their members are.

Did You Know It Is Illegal To Work On Or Modify Your Vehicle Apr 2015

Rob Dawg wrote:

I'll have to run the VIN but I think the Expedition turns 17 in a few weeks.

Sell it before it's old enough to vote.

Alibaba results likely to dim outlook for China consumer spending

Well then, maybe the stock market dive wiped enough folks out that they have no more yuan to spend.

FRB: G.19 Release--Consumer Credit--February 5, 2010 
It does include the most recent releases. Fairly informative.

Testing.

Comments still seem to be working here.

But if we go black here, I'll sure miss this place.

And everyone please migrate over.

Oh no! Only 4 of us over here!

We're fading!

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