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.
Monday, October 06, 2008
Dow 10k
We won't know the extent of the damage or whether the heat shield is intact until we separate.
What's scary is that the excuse Friday was the old "buy on the rumor, sell on the news." What's the excuse now?
Nationalizing Fannie/Freddie was supposed to be the Fed's "howitzer," and the failout bill was the "nuke." I suggest they are out of ammo (maybe arrows ...)
Did you really expect a bunch of criminal liars to be telling the truth about the bailout? Do you think that the United States is somehow immune to kloptocracy that is so rampant everywhere else in the world and in history?
13 comments:
To the first approximation, fast chemistry & finance are a very bad match.
Whew! Jim Cramer told me just in time. I better subscribe to his Action Alerts.
I'm so glad we're dumping $700 BILLION into this mess, otherwise it might get ugly...
Say, how well is that short sale ban working out these days?
And eternal words of wisdom (from the fortune cookie from my lunch):
"Nothing is more dangerous than sincere ignorance."
Story of the markets.
Back to 2002 - DJIA 7200?
What's scary is that the excuse Friday was the old "buy on the rumor, sell on the news." What's the excuse now?
Nationalizing Fannie/Freddie was supposed to be the Fed's "howitzer," and the failout bill was the "nuke." I suggest they are out of ammo (maybe arrows ...)
If we're heading for deflation take a look at the long dollar ETF (UUP.) The only thing I like right now.
Good thing the bailout bill passed, otherwise the markets would be panicking right now.
Time to cut the Fed funds rate so that companies can invest in the economy through the effective use of leverage.
If we give them another $700B, can we get the DOW below 7,000?
How much to get it below 5,000?
Love this free market economy.
Paulson was quoted as saying "Its all good." He then retired to his office for some massive focused action (i.e. nap.)
Goldspring back under 2¢.
Did you really expect a bunch of criminal liars to be telling the truth about the bailout? Do you think that the United States is somehow immune to kloptocracy that is so rampant everywhere else in the world and in history?
Post a Comment