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Watchdog: Bailouts created more risk in system
"Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car," Barofsky wrote.
Hotels: Occupancy Rate Decreased 3.5% Year-over-year
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From STR: U.S. hotel results for week ending 16 November
Due to the Veteran’s Day calendar shift, the U.S. hotel industry reported
mixed year-over-year per...
11 hours ago
6 comments:
Hell yeah, faster cars, woo hoo!!!
Oh...you meant that in a bad way : )
LOL it is a CAR night!
So hilarious that the TARP report said it did not meet even one of its purposes, yet there would have been "tanks in the streets" without it! Makes me want to cry, laugh, then puke.
watchtower,
Very funny!!
GYSC,
Based on the video, I think there might be tanks UNDER the streets, lol.
By the way, be sure to see the last half of the video.
The first half is like the dotcom bubble. The second half is like an echo bubble, much like the real estate boom and bust. I especially enjoyed the guy wisely running away at the 1:25 mark.
Liquidity Gone Wild!
Here's something from The Faster Times. Figures that I'd find it while looking for fast cars.
Chinese Real Estate Bubble Update: The French Chateau Comes to China
http://thefastertimes.com/wallstreet/2010/01/31/chinese-real-estate-bubble-update-the-french-chateau-comes-to-china/
Just for fun, take out the references to Asia or China from the article and substitute Miami or Malibu.
Wow! That is fun!! ;)
Check this out too.
China’s Utterly Undeniable Real Estate Bubble
http://thefastertimes.com/wallstreet/2010/01/17/chinas-utterly-undeniable-real-estate-bubble/
THAT picture is TOO funny!!! Hahaha!!!
I have absolutely no idea what a deflating real estate problem in Hong Kong or Shanghai will truly mean to the rest of the Chinese economy or our own.
That is such a great statement. So humble. I respect that. I like to make predictions here to some degree but you don't see me actually making BIG bets with MY money in this environment.
I'm not long stocks. I'm not short stocks. I'm not long the Chinese economy. I'm not short the Chinese economy. I'm not long metals and oil. I'm not short metals and oil.
I have no great desire to make heavily leveraged bets on anything right now. I'll leave that to the "professionals".
These days, anything that even remotely has a "sure thing" ring to it instantly becomes heavily overleveraged. I want no part of it.
About the only sure thing I see these days is toilet paper, and not because I think it will explode in price. I suspect that it is one of the closest things to perfect unleveraged price stability that the global economy knows how to make.
I think with all these fiat buuble driven thingies one might want:
-toilet paper
-canned goods
-aluminum foil
-Silver
-Gold
-Halo 3 backup drive
My 2 cents!
GYSC,
Your list may be a conundrum. (The operative word being "may".)
Toilet paper, canned goods, aluminum foil, and Halo 3 backup drives have seen very little bubbling. I can buy most of these at roughly 2004 prices.
Gold and silver have seen a tremendous amount of bubbling. I cannot buy any of these items at anything like 2004 prices.
I'm going to stick to the "very little bubbling" list personally. Maybe that's just me!
That's just my $4.49 a pound! Okay, okay, there's been some beef inflation over the years. My 2 cents clearly doesn't go very far. I'll grant you that. ;)
http://www.kyrene.k12.az.us/schools/brisas/sunda/decade/1900.htm
Daily life back then was very different from the daily life we have today. Did you know that today's supermarket food selection was considered luxurious even for rich families back then?
Beef: 10¢ lb. (1900)
Beef: $4.49 lb. (1999)
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