patrick.net

freespeechforever says

Only a truly dumb, head-up-their-ass fuckwad would not concede the glaringly obvious FACT that equities have risen to the point that they have b/c of global, coordinated, super-aggressive monetary policy (QE1, QE2, QE3, QE4, etc.; ZIRP, now NIRP in Japan & parts of Europe) by fucking retarded central banks (the academics who never held real jobs in the real economy).

Yes because excess reserves is the mother milk for consumption profits

freespeechforever says

Historically, equities move in the opposite direction of bonds and credit instruments

Their is some validity to this thesis .... rising inflation and Fed rate hikes due come at the end of the cycle

adarmiento says

Well I remember watching CNBC during 2012-2015 and hearing a wide range of pundits saying that 1/2 of the growth in the S&P 500 was due to QE.

Nah.... massive excessive reserves yes.. velocity no...

Then again you can read the Fed's recent White Paper agreeing that #QE didn't do much for the economy

I wish you'd acknowledge that it's impossible to stoke aggregate demand in any meaningful way on any sustainable basis by having central banks deposit additional electronic fiat credits in the form of excess reserves into (a hugely disproportionate number of genuinely insolvent) banks.

Without additional net-positive productivity, nurtured by intelligent capex on the part of business, versus share buybacks and dividend increases, the only end result will be greater inefficiencies and malinvestment, continually reduced aggregate demand, worsening lending standards (especially with taxpayer backstop of loans such as FHA loans in the U.S.), greater economic structural rot, and a larger bubble (created by monetary blowing of bubbles in reflating purely financial assets).

These are the times whereby Keynesians administer heroin to treat pneumonia, get the economy hooked on highly inefficient allocations of excess reserve led reflationary faux growth, and the Austrians had it correct all along inasmuch as they endorse allowing true price discovery to return, which is the only way to truly clear the deck of bad assets and investment, and allow for a be phase of truly organic economic growth based on naturally occurring aggregate demand by consumers, and fulfilled by intelligent capex decisions by producers.

freespeechforever says

Austrians had it correct all along

You mean Gold went from 1900 to 1040... that decline in prices...freespeechforever says

naturally occurring aggregate demand by consumers,

Consumption as a % of GDP has been positive each quarter since the recession

Hence why retail sales are at cycle highs and home sales are at cycle highs.... all with out #QE.....

Anything else before I go to sleep

My oppinion is that the state of the health of the economy and people in it are like drug junkies, who just depends on dose of debt.
Businesses borrows to produce stuff that should not have been produced and people borrow to consume on items they will not be able to honestly pay for.
You show your face and debating this junky is not in a state to collapse. There are a school of people like you who helps the people in power to talk sheeple into debt slavory like mafias give doses to prostitures.
Yes, you are right. The junky still breathes, but it is a junky any way, and observers know where the junkies are going.
Depression or hyperfinflatuon happens at every debt cycle that can last 75 years. So you will be correct for as long as 75 years.
The junky is walking and breathing, and you try to convince everybody it is fine.

Auto loan debt = all time record (in nominal and REAL terms) at 2.85 trillion USD

Credit Card debt = near all time record (in nominal and REAL terms) at over 1 trillion

Student Loans = all time record (in nominal and real terms) at over 3.8 trillion USD

Home Mortgage Debt =`on the rapid rise and now at 8.5 trillion USD

Overall, American’s total debt, which includes mortgage debt, HELOCs, student loans, auto loans, and credit cards, increased by $136 billion in the first quarter, to $12.25 trillion.

Note that these figures don't include corporate debt (now at an absolute all-time high in history; those stock buybacks and debt issuances/bond sales don't come cheap even if the Fed has suppressed interest rates artificially), nor government debt, now poised to cross 20 trillion USD officially (over 10x that if one included unfunded future entitlements) by December 31, 2016.

WE'RE GOING TO NEED A BIGGER DEBT BOAT!

Logan Mohtashami says

Not if you invest every month, :-)

Small steps... lead to big thing over time, recession are a gift from the gods, the trick is to create a financial back drop that allows you to invest every month

10% bonds

5% reit

85% stocks

Mostly SP 500/600

Internal exposure

10% in ticker symbol MASI

:-)

If you're such a hard charging stock guy. How come you live in a condo in Irvine?

How come your condo you bought for $452,500 in 2004 is now only worth $568,603?

How come your condo is decreasing in price in recent months? Thought you were in the housing business??

Let's check your experience...

Wow that's pathetic. You need to get out more, rather than try convince us how smart/wealthy you are.

Logan DREAMS of becoming a Big Swinging Dick, one day, while he now is a mere debt-slave poker.

Honestly, he'd be better off getting his Series 6 and 7, and becoming a middling Charles Schwab *Financial Consultant* contract worker.

Wait, Logan, you only went to Cal State Fullerton for 1 year?

Tell me you at least earned an associates degree.

How many employees are there at AMC Lending Group, where you are "Senior Loan Manager?"

If Logan lives in small apartment, than he saves shitload of money. And if he invests it the way he does, he'll be very very very rich in few decades.

If I made 10 times more money than making now, I'll quitelle living in the same place where I'm living now and putting the extra to work hard for me.

That's what he's doing. Smart!

:-)
Awesome... it's about time you guys start doing this... so.. watch and learn how easy it was to bait and click you guys ....

Tsk Tsk..

junkmail says

If you're such a hard charging stock guy. How come you live in a condo in Irvine?

Number.. I noticed an explosion on people looking up my name yesterday, I fiquered it has to be junkmail..

So, I went on Zillow and took over my home and fixed up the data.. They had it at 578,000 1,400 square foot, that is my new next door neighboor, which bought that home

Thank you junkmail...this is all part of the plan. Keep it up

By the way

Irvine, 7th highest median income city in America, #1 educated city in America

So, I ask

What is your name and where do you live

Since you're all friends and investment club people... you guys actually don't really hate each other.. even IronMan is your friend... this act... I get it... its cute...

Stratigest... I have already pegged out... but all of you together ... this is going to fun!

freespeechforever says

Logan DREAMS of becoming a Big Swinging Dick,

Not really, Logan.... hence the name... just a family guy, looks at charts and is going to take out all the Anti American Trolls out piece by piece....

Though the cursing hides the sentence structure, sentence structure is more impressive than others... Please keep on doing.. pieces of puzzles that's all

By the way if you really want to know the truth ... I would suggest looking up on Linkedin

I think I am ranked 37th their nationally overall, ranked #1 for sector for 2 years now

I implore you, just look ;-)

Come on... don't be shy

https://www.linkedin.com/in/logan-mohtashami-5167631?trk=nav_responsive_tab_profile

Logan Mohtashami says

Irvine, 7th highest median income city in America

huh? Is that for cities larger than some population cutoff? Because $87K is not that impressive.

I can find 50 cities with higher median incomes than that in the Chicago area alone.

tatupu70 says

I can find 50 cities with higher median incomes than that in the Chicago area alone

You're 23K behind old data

Logan's a f'ing mortgage broker for fuck's sake!

Now it all makes sense.

The job of high school grads/GEDs everywhere.

http://www.yelp.com/biz/amc-lending-group-laguna-hills

A pig has to eat.

A hooker has to blow.

A slimy mortgage broker (dime a dozen) has to SELL.

Commission-based scion ic narratives for the win! LMAO!!!

I let a mortgage broker put her cards in one my sales offices (my brother and I have a land development and custom home building company - this in addition to my

- this in addition to my law practice -

- but she has to give me one hummer a week!

The only thing I am disappointed is that you didn't find my 1 bedroom condo rental in Orange County on zillow as well

tatupu70 says

Logan Mohtashami says

Irvine, 7th highest median income city in America

huh? Is that for cities larger than some population cutoff? Because $87K is not that impressive.

Household income is 110K obviously that is different than median income

A lot Asians and a lot Chinese home buyers, median price of a single family is over, 1,000,000

According to 2007 Census Bureau estimates, the median income for a household in the city is $98,923, and the median income for a family is $111,455; these numbers make Irvine the seventh richest city in the USA, among cities with population 65,000 or higher.

Guys... keep is coming.... more and more.... don't stop... please!!! :-)

Come on guys and gals... don't be shy now

Look at the Linkedin Profile....

... ..... ....

https://www.linkedin.com/in/logan-mohtashami-5167631?trk=nav_responsive_tab_profile

freespeechforever says

WE'RE GOING TO NEED A BIGGER DEBT BOAT!

One the biggest mistakes the Anti American bears made...

I mean what a bunch of cry babies... seriously

14.5 Trillion of debt and over 102 Trillion dollars of assets

Debt service ratio cost are at decade lows

No wonder you guys and gals are paranoid of the American collapse...

Take one variable side of the equation and make it out to be a

ZERO HEDGE end of the world model

Come on, you got to do better than that

Logan Mohtashami says

I can find 50 cities with higher median incomes than that in the Chicago area alone

You're 23K behind old data

Yes, but I can compare apples to apples. Other cities income has also gone up.

Logan Mohtashami says

According to 2007 Census Bureau estimates, the median income for a household in the city is $98,923, and the median income for a family is $111,455; these numbers make Irvine the seventh richest city in the USA, among cities with population 65,000 or higher.

lol-you don't like my 2013 data, but you use 2007 data??

25456 Nellie Gail Rd
Laguna Hills, CA 92653

You work put of your home?

Does each AMC Lending Group mortgage broker get their own bedroom to work out of?

Logan Mohtashami says

Household income is 110K obviously that is different than median income

That's why I quoted MEDIAN household income. Try to keep up Logan.

Keep it coming!!

tatupu70 says

Yes, but I can compare apples to apples. Other cities income has also gone up.

Irvine is very unique, not fair to compare it to other cities, it has a distinct advantage due to it's small size and high Asian Population

Plus its the highest % if Chinese buyers coming in and buying which makes the wealth factor deviate even more

By the way

We hardly have any crime here, our schools are top notch

Great Place to raise a family

This is Irvine ....

Where are you guys all from

Where's Irvine??

http://www.city-data.com/top2.html

Logan Mohtashami says

Irvine is very unique, not fair to compare it to other cities, it has a distinct advantage due to it's small size and high Asian Population

Plus its the highest % if Chinese buyers coming in and buying which makes the wealth factor deviate even more

Not fair? Really? Every city is unique, that doesn't mean you can't compare them.

Logan Mohtashami says

By the way

We hardly have any crime here, our schools are top notch

Great Place to raise a family

This is Irvine ....

Where are you guys all from

Most higher income cities have good schools and low crime. That's why people want to live there.

tatupu70 says

Not fair? Really? Every city is unique, that doesn't mean you can't compare them.

We have a high Asian population, More educated, Make more money, do in that regard I admit it gives Irvine a edge as a growing city

come on it's Irvine... you guys should know better ...

Our neighbor cities are Newport Beach, Laguna Beach and Corona Del Mar... all smaller cities but very high net worth and high income cities

Amc Lending Group
Amir Mortgage Corporation
9070 Irvine Center Drive # 135
Irvine, CA 92618 - View Map
Phone: (949) 559-1100
Web: Amclendinggroup.com
Own This Business?

Amc Lending Group
A privately held company in Irvine, CA. Is this your business? Claim This Profile

More Details for Amc Lending Group
Categorized under Mortgages. Our records show it was established in 1987 and incorporated in California. Current estimates show this company has an annual revenue of $1 to 2.5 million and employs a staff of approximately 1 to 4.

Company Contacts
Is this your business? Claim This Profile

Mohammad Mohtashami, Owner
Owner

----

So, Logan, why don't you use your real name of Mohammad?

I am being serious - that's sad. I knew a custom home builder who went by a nickname, too, because he was afraid that people would for whatever reason not like his birth name of Mohammad, and when I asked him about this (he was having me handle a zoning case), he got really offended!

Don't be ashamed of who you are, bro!

Finally found Irvine. #82 of cities with populations over 50K

http://www.city-data.com/top70.html

Hey--82 isn't bad.

Logan Mohtashami says

We have a high Asian population, More educated, Make more money, do in that regard I admit it gives Irvine a edge as a growing city

come on it's Irvine... you guys should know better ...

Our neighbor cities are Newport Beach, Laguna Beach and Corona Del Mar... all smaller cities but very high net worth and high income cities

Actually they don't make more money. That's what I've been showing you.

Logan--I'm bringing the data. I know you don't like it, but the data doesn't lie. You should really learn to listen to FACTS and DATA. They don't lie!!!!!!!!!!!!!

freespeechforever says

So, Logan, why don't you use your real name of Mohammad?

Funny, My name was never Mohammad

By the way.. what is your name???

Or are you going to hide behind your fake name forever....

Time to Man up.... Don't be afraid... you should be proud of all your accomplishment

Why do the Troll thing... It makes no sense