Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Wednesday, September 17, 2008
Shotgun Wedding
After the ceremony is she still legally your cousin? Banks are already so incestous we might as well make it legal.
Post your guesses for BFF and/or wacky marriage proposals.
Pretty apt, and a modern phrasing of F.v.Hayek. I can't remember the exact words, but there is a line in the Road to Serfdom about how each attempt by a central bank to cure a financial crisis by the expansion of credit only makes the final reckoning worse.
Albert Edwards, global strategist at Société Générale, said Washington's serial bail-outs are the inevitable result of the credit bubble of preceding years. "This was all baked in the cake long ago. What we have seen so far is just a dress rehearsal for the deep recession that is coming. America is going to be losing 500,000 jobs a months. That is when we will see interest rates go to zero. The deficit will be covered with printed money as it was in Japan. The endgame will be helicopters full of cash dropped by Ben Bernanke," he said.
This the same guy who is calling for S&P to fall to 500.
I am in love with this Shotgun Wedding. I am sure it was an enjoyable ceremony. We also would be marrying soon at the New York wedding venues. It will be a country wedding and we are super excited for that. Hope everything goes as planned.
9 comments:
Speak about cliff diving, the Russia ETF RSX is so perfect, just like a beautiful picture from space of a cat-5 hurricane, lol...
Foist? Yesss!!
And the Fed brings the lube:
http://www.breitbart.com/article.php?id=080918083207.wh5hl7iv&show_article=1
Same news: http://biz.yahoo.com/ap/080918/eu_central_banks.html
My take; of course the withdrawal symptoms are going to lessen when you give the addict more drug.
And here comes the fade. That druggie fix didn't last very long.
That druggie fix didn't last very long.
Pretty apt, and a modern phrasing of F.v.Hayek. I can't remember the exact words, but there is a line in the Road to Serfdom about how each attempt by a central bank to cure a financial crisis by the expansion of credit only makes the final reckoning worse.
Albert Edwards, global strategist at Société Générale, said Washington's serial bail-outs are the inevitable result of the credit bubble of preceding years. "This was all baked in the cake long ago. What we have seen so far is just a dress rehearsal for the deep recession that is coming. America is going to be losing 500,000 jobs a months. That is when we will see interest rates go to zero. The deficit will be covered with printed money as it was in Japan. The endgame will be helicopters full of cash dropped by Ben Bernanke," he said.
This the same guy who is calling for S&P to fall to 500.
I am in love with this Shotgun Wedding. I am sure it was an enjoyable ceremony. We also would be marrying soon at the New York wedding venues. It will be a country wedding and we are super excited for that. Hope everything goes as planned.
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