Morning Report – Home Price Appreciation is decelerating 3/25/14

Vital Statistics:

 

  Last Change Percent
S&P Futures  1856.7 7.3 0.39%
Eurostoxx Index 3094.9 42.0 1.37%
Oil (WTI) 100 0.4 0.44%
LIBOR 0.234 -0.001 -0.32%
US Dollar Index (DXY) 80.05 0.111 0.14%
10 Year Govt Bond Yield 2.75% 0.02%  
Current Coupon Ginnie Mae TBA 104.8 0.0  
Current Coupon Fannie Mae TBA 103.8 -0.1  
RPX Composite Real Estate Index 200.7 -0.2  
BankRate 30 Year Fixed Rate Mortgage 4.85    

 

US futures are following European markets higher. Bonds and MBS are down.
 
Some economic data this morning: New home sales fell 3.3% in Feb to an annualized 440k. Consumer Confidence increased from 78.3 to 82.3, while the Richmond Fed Manufacturing Index fell a point to -7. I suspect weather played a role in the new home sales and Richmond Fed numbers.
 
The FHFA house Price Index rose .5% in January, a little lower than expected. Case-Shiller rose 13.24% YOY, slightly below expectations. The Black Knight (formerly known as Lender Processing Services) home price index was flat in Jan, but up 8% year over year. They have home prices within 14% of the June 2006 peak. Note that in the Black Knight survey, the Northeastern states (NY, NJ) are starting to wake up.
 

 

Image
 
Charles Plosser was surprised by the market’s reaction to the FOMC statement. Punchline: We should be talking about economic conditions, not timelines. FWIW, I was surprised as well. 6 months after the end of tapering (which will presumably happen at the Dec FOMC meeting) puts you at the June FOMC meeting. Since most forecasts have the Fed funds rate increasing sometime in 2015, an early forecast of a June 15 hike doesn’t seem all that surprising. A lot can happen in 15 months. Plosser would like to see the Fed Funds rate over 2% for 2015 and over 3% for 2016. 
 
The American Enterprise Institute has weighed in on Johnson-Crapo (the replacement for the GSEs). Part of the issue is that the affordable housing mandates don’t disappear, but are moved underground, to be administered by the FMIC. The difference is that it won’t be funded by HUD, it will be funded by a tax on banks, which will ultimately get passed on to borrowers. Others have pointed out that while Johnson Crapo might have issues with the left, it is going to have big issues with the right. FWIW, Dick Bove comes out in defense of the GSEs

76 Responses

  1. *lurking*

    FRIST!

    Heh. Been waiting a week to be able to do that.

    Like

  2. Damn!

    Congrats. (Skulks off.)

    Like

  3. Robert Reich on tribalism, in an interesting article. Of course, as jnc has said, Paul Krugman pointed this out first.

    And what about America? The world’s “melting pot” is changing color. Between the 2000 and 2010 census the share of the U.S. population calling itself white dropped from 69 to 64 percent, and more than half of the nation’s population growth came from Hispanics.

    It’s also becoming more divided by economic class. Increasingly, the rich seem to inhabit a different country than the rest.

    But America’s new tribalism can be seen most distinctly in its politics. Nowadays the members of one tribe (calling themselves liberals, progressives, and Democrats) hold sharply different views and values than the members of the other (conservatives, Tea Partiers, and Republicans).

    Each tribe has contrasting ideas about rights and freedoms (for liberals, reproductive rights and equal marriage rights; for conservatives, the right to own a gun and do what you want with your property).

    Each has its own totems (social insurance versus smaller government) and taboos (cutting entitlements or raising taxes). Each, its own demons (the Tea Party and Ted Cruz; the Affordable Care Act and Barack Obama); its own version of truth (one believes in climate change and evolution; the other doesn’t); and its own media that confirm its beliefs.

    The tribes even look different. One is becoming blacker, browner, and more feminine. The other, whiter and more male. (Only 2 percent of Mitt Romney’s voters were African-American, for example.)

    Each tribe is headed by rival warlords whose fighting has almost brought the national government in Washington to a halt. Increasingly, the two tribes live separately in their own regions – blue or red state, coastal or mid-section, urban or rural – with state or local governments reflecting their contrasting values.

    I’m not making a claim of moral equivalence. Personally, I think the Republican right has gone off the deep end, and if polls are to be believed a majority of Americans agree with me.

    But the fact is, the two tribes are pulling America apart, often putting tribal goals over the national interest – which is not that different from what’s happening in the rest of the world.

    Don’t blame me–I got the link from jnc!

    Like

    • (for liberals, reproductive rights and equal marriage rights; for conservatives, the right to own a gun and do what you want with your property).

      I am so screwed by oversimplifications like this. I want my shotgun unregistered and I would like to do a lot with my property that the City of Austin won’t let me do – hell, do you know about how I bought this house with a swimming pool but had to remove it b/c the City decided it was 4′ too close to their power line that they ran on the very nearest end of their 30′ easement b/c it was “convenient” for them? And I get pissed about Kelo, too. And the power pipeline cos have over the entire Hill Country b/c they have the right of eminent domain.

      But I am OK with homosexuals celebrating their monogamous relationships as marriages, or their adopting kids, and I am just fine with birth control which I think was a great social advance. Also, I believe in both genetics and natural selection, and suspect that it would be better if we had not [worldwide] been putting so much CO2 into the air for so long. Also, I often believe in God, but often not.

      Also, I saw that story I posted here about vets and law enforcement tangling in cenTex as about helping vets but George saw it as demonizing vets.

      Either I am more easily confused or stuff is more confusing than it used to be.

      Like

      • (for liberals, reproductive rights and equal marriage rights; for conservatives, the right to own a gun and do what you want with your property).

        I think it is telling that liberals so routinely resort to euphemism instead of saying what they actually mean. Liberals are in favor of legalized abortion, not “reproductive rights”. And they are in favor or re-defining marriage to include same sex couples, not “equal marriage rights”.

        And I agree with Brent on the evolution thing. Reich is truly an idiot if he believes the “Republicans” as a group don’t believe in evolution. And if he doesn’t believe it, then he must think his audience is made up of idiots.

        Like

  4. Worth a read:

    “In Afghanistan, A U.S. Special Forces Major’s Meteoric Rise And Humiliating Fall”

    http://www.huffingtonpost.com/2014/03/24/afghanistan-jim-gant-american-spartan_n_5008520.html

    Like

  5. Sorry, this left-wing tic really irritates me.

    Republicans believe in evolution, however we also think if some local school districts (who pay the taxes for those schools incidentally) decide to alter the curriculum a little, that is their right.

    But somehow the idea that if some school districts decide they want to teach intelligent design alongside evolution that amounts to a wholesale rejection of evolution on the part of a party.

    Similarly to the right is somehow characterized as “against birth control” because they they think nuns shouldn’t have to be forced to pay for abortifacient coverage. Somehow, “not paying for” = “against.”

    Like

  6. It’s from Reich, so I would expect nothing less. His bigger point about Republicans and Democrats not sharing the same values stands, which begs the question of how you have a government without shared values.

    The old answer was Federalism, but that’s on the way out. Eventually, I expect the country to split in half, especially if the geographic self sorting continues.

    Like

    • jnc:

      The old answer was Federalism, but that’s on the way out.

      I think it is precisely the value of federalism the absence of which will lead to split that you speak of. The left is increasingly intolerant of policy disagreement, and increasingly demands national conformity with its values. This ideology is incompatible with federalism as it has historically been practiced in the US. The end game is either capitulation to top down dominance of leftist politics, or, as you suggest, the destruction of the nation.

      Like

  7. Mark – Did you get any compensation for the swimming pool due to it being a taking, or was the city’s position “Fuck you, that’s why”?

    Like

    • The City generously offered to move the poles 6′ further away if I would pay $55K for the experience.

      Legally, I was screwed because the previous owner put the pool in without a permit, c. 1989-91. FYI, a permit never applied for does not come up in a search of permit history when buying a house and Title Cos do not insure against ordinance violations.

      Like

  8. Fascinating explanation (for a layman) of some of the technical analysis that has been going on looking for MH370.

    For six hours after all communication from the airplane ceased March 8, it continued to engage in a computer “handshake” with a satellite that orbits the Earth 22,000 miles above the surface. The satellite always remains above the same point on the equator in the Indian Ocean. Inmarsat, the satellite company, examined the “pings” transmitted from the airplane every hour and, according to the company’s senior vice president, Christopher McLaughlin, detected a Doppler shift in the radio waves. (A Doppler shift is what causes the perceived change in the sound of, say, a passing train or ambulance.)

    The analysts concluded that the airplane was moving away from the satellite. That, by itself, did not reveal whether the plane was flying north to Asia or south to the Indian Ocean. But, with help from an unnamed European aerospace expert and from Boeing, Inmarsat scrutinized the pings from other Malaysia Airlines Boeing 777s flying to the north and to the south.

    “In looking at the two plots, the correlation between the pings that we found and the southern route plot is absolutely the most compelling. The northern route has no correlation,” McLaughlin said.

    And there was more information squeezed from those enigmatic signals: The pings indicated that the plane was flying at a constant altitude and speed, which McLaughlin said “sort of points to it being on autopilot.”

    The plane typically flies on autopilot at 450 nautical mph, he said. That gave authorities a rough idea of how far the jet is likely to have flown. There were six hourly pings after the plane disappeared, but not a seventh because the aircraft presumably ran out of fuel.

    There’s more at the blog. Joel Achenbach has been on periodic “missing plane duty” since MH370 went down and he’s very good at explaining what they’re looking for, at, and why.

    And when I said “for a layman” in the first sentence I meant us, not him.

    Like

  9. Because our opponents believe that what is not forbidden is mandatory.

    Like

  10. And if he doesn’t believe it, then he must think his audience is made up of idiots.

    This.

    Like

  11. Re flight MH370, I cannot imagine the Navy didn’t have it tracked – plus, they would have been headed towards Diego Garcia, which would have long-range air search radar as well.

    Like

  12. See, I told you the Reich article was interesting! 🙂

    I cannot imagine the Navy didn’t have it tracked

    Brent, I’ve been wondering along the same lines. Here’s your great conspiracy theory comment of the day about the disappearance:

    Choochoo
    11:04 AM EDT

    The Malaysian government knows and have known all along the cause. Let’s see…a captain who is a staunch supporter of Anwar, who everyone believes the current government official is deliberately removing from running in a contested seat. His sodomy charges were overturned years and years ago, but he almost won in last years election. His followers all believe the votes were tampered. Then this year there is an important state seat open and they didn’t want Anwar involved so they reopened the case and the morning of the flight sentenced him. The pilot spoke to someone who had phone sim bought illegally. His wife and him are estranged. See where I am going? The only thing they didn’t know was whether this plane landed somewhere, so when Inmarsat confirmed last known location, Malaysian government can confirm its fate because they already have the threat in hand.

    Oh, the current PM and the minister of transportation are cousins, both are sons of previous Prime Ministers..

    Like

  13. I haven’t served since 1992, and I think we would have been tracking with the the technology we had then. Plus, anything flying outside of the normal comair corridors is going to raise eyebrows.

    Like

    • Plus, anything flying outside of the normal comair corridors is going to raise eyebrows.

      At least we hope so.

      Like

  14. This ideology is incompatible with federalism as it has historically been practiced in the US.

    We live in a different world than when the Constitution was written, too. We move more, we have more access to news from other areas (both nationally and internationally), we visit other places more and see different styles/types of living and government. Of course things have to change.

    But then, I’m a liberal.

    Like

  15. So, Michi, do you think Scott and J’s secession is the ultimate outcome?

    Like

  16. We live in a different world than when the Constitution was written, too. We move more, we have more access to news from other areas (both nationally and internationally), we visit other places more and see different styles/types of living and government. Of course things have to change

    None of that undermines the case for federalism. If anything, it strengthens it.

    The truth is that progressivism is authoritarian and involves “progress” only in the sense of grinding society into a fine dust of conformity and nihilism. It is the progressive destruction of everything between the individual and an all-powerful state. Family must be redefined into nothingness and its bonds attenuated and severed in favor of the state as master. Church and religion must be extinguished as all but matters held in secret; no one can be allowed publicly to act on them. The goal is that we all be Julia, and in Julia’s world there can only be State and Individual Subject.

    Federalism impedes this project. That is why progressives are destroying it. jnc is right; they will ultimately destroy the country. And we might be better off separating. The geography is, however, complicating.

    Like

  17. do you think Scott and J’s secession is the ultimate outcome?

    I hope not. . . but I don’t think it’s something that we can fix in the foreseeable future, given the nation’s polarization.

    I don’t think we can easily divide up because we’re too big geographically.

    Like

  18. The truth is that progressivism is authoritarian and involves “progress” only in the sense of grinding society into a fine dust of conformity and nihilism. It is the progressive destruction of everything between the individual and an all-powerful state. Family must be redefined into nothingness and its bonds attenuated and severed in favor of the state as master. Church and religion must be extinguished as all but matters held in secret; no one can be allowed publicly to act on them. The goal is that we all be Julia, and in Julia’s world there can only be State and Individual Subject.

    Damn! We’ve been found out.

    Yes, qb, this is precisely what we’ve been angling for. Who sent you the memo?

    Like

    • Mich:

      Damn! We’ve been found out.

      To say that a political movement has particular aims is not to say that every person to whom those politics appeal has the same aims. In fact I would think that the intellectual driving force of any political movement is made up of relatively few people, and the popular political support that ultimately allows it to achieve its aims derives mostly from people who neither know nor care about the underlying premises and goals adopted by the ideology. This is, in fact, one reason that progressivism finds such wide appeal among otherwise apolitical people who would probably would never accept the root of progressivism if faced with it openly and plainly. It hides behind a facade of sentiment and feel-goodism We’re just trying Help People! Do you really want to Just Let People Die? Don’t you care about Poor People?

      But just because people get sold on the sentiment doesn’t mean its architects don’t have other aims, and its implementation other consequences.

      Like

  19. I didn’t need the memo. I’ve been reading and observing it in action for decades. A lot of smart people from James Burnham to Robert Nisbet to Russel Kirk to Whitaker Chambers were explaining it many years ago. It was actually harder to grasp then than it is now, after having watched it unfold exactly as they forecast.

    They would have recognized Julia way back in the 60s in the editorial offices of National Review. She’s exactly what they predicted. No family, no roots, no community, no church. Just Julia and her husband, lord, provider, master the State, from cradle to grave. But hey, small price to pay for “free” abortions and condoms.

    Edit: lol Whitacre. Only lawyers can appreciate that.

    Like

  20. Dog shaming. . .

    My favorite was #26. Daisy did #27 when she was a puppy (five pairs).

    But I think the hedgehog wins.

    Like

  21. “Of course things have to change.”

    It will, but probably not in the way you want it to. The geographic split is clean enough, hence the red state vs blue state meme.

    Like

  22. Mark, that just sucks.

    Like

  23. The geographic split is clean enough, hence the red state vs blue state meme.

    Only if you end up with at least four different nations.

    Like

  24. Hilarious.

    Like

  25. “Michigoose, on March 25, 2014 at 12:45 pm said:

    The geographic split is clean enough, hence the red state vs blue state meme.

    Only if you end up with at least four different nations”

    Or they don’t have to be contiguous.

    Like

  26. Troll, the full quote is better with the last words:

    ““He’s going to take it out,” said Sen. John McCain (R-Ariz.) of Reid. “That’s what he told me. He doesn’t usually lie to me. Sometimes he does, but not always.””

    Like

  27. Glenn Greenwald can be quite entertaining on the subject of President Obama.

    “The Leader is right when he does X, and he’s equally right when he does Not X. That’s the defining attribute of the mindset of a partisan hack, an authoritarian, and the standard MSNBC host.”

    https://firstlook.org/theintercept/2014/03/25/obamas-new-nsa-proposal-democratic-partisan-hackery/

    Like

  28. Scott:

    “The truth is that conservatism is authoritarian and involves “liberty” only in the sense of grinding individual rights into a fine dust of conformity and obedience. It is the conservative destruction of everything between the individual and freedom. Family must be redefined into two-parent households headed by men and its bonds shackeling and subjugating the wife and children in favor of the husband as master. Church and religion must be elevated as the ultimate arbiter of individual actions and permissions; no one can be allowed publicly to protest them. The goal is that all men be master, and in that world there can only be church and State.”

    That’s what conservatism frequently looks like to me. Is that any more likely than qb’s claim?

    Like

    • Mich:

      That’s what conservatism frequently looks like to me. Is that any more likely than qb’s claim?

      No, it is much, much less likely. To wit:

      Family must be redefined into two-parent households headed by men and its bonds shackeling and subjugating the wife and children in favor of the husband as master.

      What policy is advocated by conservatives that could sensibly be described as an attempt to “redefine” family in such a way? Even if political conservatives in general actually sought this type of familial arrangement (and of course they don’t), it makes no sense to suggests that conservatism as a political movement seeks this unless there are identifiable public policies attempting to enforce it as a matter of law. And of course no such policies exist.

      Church and religion must be elevated as the ultimate arbiter of individual actions and permissions; no one can be allowed publicly to protest them.

      Again, same as above. What conservative public policies could possibly be described as having this effect, much less this aim?

      Like

  29. Family must be redefined into nothingness and its bonds attenuated and severed in favor of the state as master.

    What policy is advocated by liberals that could sensibly be described as an attempt to “redefine” family in such a way?

    Church and religion must be extinguished as all but matters held in secret; no one can be allowed publicly to act on them.

    Again, same as above. What liberal public policies could possibly be described as having this effect, much less this aim?

    Like

    • Mich:

      I asked you first. But your questions are certainly easier, so I will give you some time:

      What policy is advocated by liberals that could sensibly be described as an attempt to “redefine” family in such a way?

      Imposing legal same-sex marriage is clearly an attempt to redefine family away from its historical norms, and the logic behind the legal attempts to impose SSM essentially strip it of any meaning beyond a simple financial contract. The rise of welfare programs have all but already destroyed the traditional notion of family in the inner cities, with the state replacing men as providers for children. Something, btw, that was presciently foreseen by none other than Democrat Daniel Patrick Moynihan.

      What liberal public policies could possibly be described as having this effect, much less this aim?

      Laws aimed at forcing business owners to cater a same-sex wedding, even if they are religiously opposed to such “marriages”. Laws aimed at forcing business owners to pay for the contraception/abortions of their employees through employer provided insurance, even if the business owners are religiously opposed to contraception/abortion. Laws aimed at forcing Catholic adoption agencies to provide adoption services to gay couples despite catholic opposition to homosexual relationships.

      Like

  30. jnc:

    That article about CPT Gant was interesting. Thanks for linking it!

    Like

  31. Scott:

    The fact that I disagree with your interpretation of those policies aims and outcomes is why you’re a conservative and I’m a liberal.

    Like

    • Mich:

      The fact that I disagree with your interpretation of those policies aims and outcomes is why you’re a conservative and I’m a liberal.

      To paraphrase a wise aphorism from Abe, “interpreting” a tail to be a leg doesn’t make it one. Slavery is slavery, even if Big Brother “interprets” it as freedom.

      I guess this means I won’t be getting any examples from you.

      Like

      • Brent:

        re your earlier post about Reich, I just ran across this Bastiat quote (don’t ask why I was looking at Bastiat quotes) and thought it was a perfect encapsulation of what you were talking about:

        “Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all. We disapprove of state education. Then the socialists say that we are opposed to any education. We object to a state religion. Then the socialists say that we want no religion at all. We object to a state-enforced equality. Then they say that we are against equality. And so on, and so on. It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain.”

        The more things change, the more they remain the same.

        Like

  32. I think this is exactly right:

    “He feels he was railroaded out of the Green Berets by officers who valued by-the-book military procedure over successful warfighting.”

    And why the US will always lose when it comes to counterinsurgency.

    FYI, the earlier piece is worth a read too:

    http://www.washingtonpost.com/wp-dyn/content/article/2010/01/15/AR2010011502203.html

    As is his actual counterinsurgency proposal:

    http://www.stevenpressfield.com/2009/10/one-tribe-at-a-time-4-the-full-document-at-last/

    Like

  33. jnc:

    I’m on the fence about that one, having worked with SF. That goes against about 80% of my experience–but once Petraeus left, who knows? The pendulum may have swung too far and he was a victim of timing as much as anything else. I suspect that GEN McChrystal may be partly to blame for his downfall.

    I’ll go check out the WaPo piece; I’d actually seen the proposal about a year (?) after it came out and it made a lot of sense to me.

    Like

  34. Brent:

    Pure speculation: aren’t there a lot of subs looking for that plane as well?

    Like

  35. I guess this means I won’t be getting any examples from you.

    How about a Hendrick’s gin and cucumber instead?

    Like

  36. Michi, I don’t think you can successfully embed with an Afghan native force and adhere to all US Military regulations regarding personal behavior.

    You are either one of them or you aren’t. It’s like Lawrence of Arabia going native. That’s the entire point.

    Like

  37. Pure speculation: aren’t there a lot of subs looking for that plane as well?

    I don’t think a sub would be all that useful.. once the plane is down, it no longer makes noise, and if the depths are 23k feet, I doubt you could get any sort of useful active sonar return.

    Like

  38. The more things change, the more they remain the same.

    That’s why I hated obama’s “government is us” schtick. It is an attempt to insinuate that voting means you tacitly approve every single policy, regulation, etc. I get that sort of thing all the time from progressives…”if you want to limit government’s power, you must have a problem with democracy.”

    Case in point is the IRS scandal. Most fair minded obama voters would have a problem if obama decided to use the IRS to hobble his opponent. And, if obama had nothing to do with the IRS scandal, that is even worse. The government is acting like some alien organism, fighting voters who want to curtail its power and deny it even more of (our) resources.

    Like

  39. Michi, I don’t think you can successfully embed with an Afghan native force and adhere to all US Military regulations regarding personal behavior.

    No, you can’t–but that’s why, traditionally at least, the SF guys were allowed a lot of leeway. That’s why I said the pendulum may have swung too far; they may have gone too native (or were perceived as going “too native”). I personally think that there were a number of background problems going on within USSOCOM and CPT Gant was one of the guys that were victims of circumstance in a very high level political war between generals.

    There is very great peril in being a low level officer getting a lot of publicity.

    Like

  40. once the plane is down, it no longer makes noise, and if the depths are 23k feet, I doubt you could get any sort of useful active sonar return.

    Thanks–I didn’t know that. I guess I was imagining that there would be creaks and groans and such that might be able to be picked up. I’ve seen Hunt for Red October too many times, clearly!

    Like

  41. i don’t know that for sure, I just know that the bottom just looks like the bottom on an active sonar. I don’t think you could tell the difference between metal and rock / mud. Of course that is from my days on the Henry B Wilson and our famous “Helen Keller” sonar.

    Like

  42. That Achenblog got frontpaged, and the comments got even crazier than a PL front paging.

    One guy wrote a couple of paragraphs about a UFO picking it up. We thought he was kidding, but it appears not from later posts.

    Like

    • I will live in Montana. And I will marry a round American woman and raise rabbits, and she will cook them for me. And I will have a pickup truck… maybe even a “recreational vehicle.” And drive from state to state. Do they let you do that?

      Like

  43. My favorite part is when the bridge gets all disco-y.

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  44. Oh, man, now I may have to go find it and watch again tonight!

    EDIT: Score! Netflix has it to stream. . .

    Like

  45. Well then, in winter I will live in… Arizona. Actually, I think I will need two wives.

    (Note: he should have dreamed of Utah)

    Like

  46. jnc:

    Oh, and btw, thanks for the WaPo link. I had actually completely forgotten that article–that was where I first saw the Gant paper.

    Good reading today.

    Like

  47. PBS Newshour covered the Supreme Court arguments on the Hobby Lobby case today. I had forgotten all about the Religious Freedom Restoration Act that was passed in response to the case on peyote.

    http://en.wikipedia.org/wiki/Religious_Freedom_Restoration_Act

    It will be amusing if some of the old 1990’s Clinton triangulation comes back to bite here.

    Good Volkh piece on it:

    http://www.volokh.com/2013/12/02/1a-religious-freedom-restoration-act/

    Like

  48. Nope. March 31 isn’t the end of open enrollment.

    “Obama administration will allow more time to enroll in health care on federal marketplace

    By Amy Goldstein, Tuesday, March 25, 8:41 PM

    The Obama administration has decided to give extra time to Americans who say that they are unable to enroll in health-care plans through the federal insurance marketplace by the March 31 deadline.

    Federal officials confirmed Tuesday evening that all consumers who have begun to apply for coverage on HealthCare.gov, but who do not finish by Monday, will have until about mid-April to ask for an extension.

    Under the new rules, people will be able to qualify for an extension by checking a blue box on HealthCare.gov to indicate that they tried to enroll before the deadline. This method will rely on an honor system; the government will not try to determine whether the person is telling the truth.”

    http://www.washingtonpost.com/national/health-science/obama-administration-will-allow-more-time-to-enroll-in-health-care-on-federal-marketplace/2014/03/25/d0458338-b449-11e3-8cb6-284052554d74_story.html

    Like

  49. Mid April, late May, whatever it takes.

    Over/Under on the complete renunciation of the Individual Mandate? I say closer to November. As if that will help.

    Like

  50. Just for you, jnc, just for you!

    Like

  51. Heh!

    Like

  52. And that’s obviously better than the status quo, no?

    Like

  53. Ugh. daycare and preschools should be labeled as biohazard level 2 facilities. maybe level 3.

    Like

  54. Kids are nothing more than large, mobile petri dishes. Caught something?

    Like

  55. whole family was out yesterday. I picked the Mrs. up from work Monday afternoon, because she got sick at the office. and in the car on the way home. i was fine until the middle of the night and then i got it. but it’s fine now. stomach bug.

    Like

  56. “end of open enrollment.”

    i think it’s like the rapture. when it doesn’t happen, you take another looks the the texts, push the date back and declare you’re still right.

    Like

  57. This is the sort of epic hipster beard that blogger was talking about:

    Hipster Beard

    Note: It belongs to a microbrewer in Queens, so its hipster bona fides are exemplary.

    Like

  58. Well, the Insurance companies don’t care as long as Democrats keep shoveling borrowed money at them.

    Like

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