Competition is the facilitator of innovation. And creative destruction, the process by which less-productive capital is displaced with innovative cutting-edge technologies, is the driving force of wealth creation. - Alan Greenspan, 2002
Yes, I do believe creative destruction is the "driving" force. So let's get to it.
Sunday, Sunday, Sunday! This ain't no mama's boy Sunday picnic!
We're turning the financial arena into a giant mud pit! For the first time ever in the coliseum we are building a 200-feet-long, 4-feet deep pit of financially frozen asset-backed paper, then we're turning the bankers loose to blast their way through the muck and mud!
They'll be racing against the clock to see how fast and far they can negotiate the mud pit. There will also be a pro and amateur class for all risk takers.
This is a competition that anyone can enter! And I do mean anyone! Check the fine print on your money market fund! You are competing whether you want to or not!!
Apologies to Mud will fly inside Hardy Murphy Coliseum for my brutal paraphrasing of their work.
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
12 hours ago
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