Shopping at Amazon?
Wait! If you click on the Amazon banner link at the top of the page first, HCN will get a percentage of anything you purchase for 24 hours!
Open predictions
Our local book authors
User login
Who's online
There are currently 13 members and 142 guests online.
Recent Recommendations
I would be rich if I had a dollar for every time I heard "Real estate never goes down!"
East Oxnard.
tumbleweeds
If Manhattan RE really goes in the tank, the name "ManhattanWest" will be all the more ironic.
Build it and they will come. Someday. Hold to maturity.
CR,
From past experience, is there a limit to how long a project can be stopped and still be viably restarted?
I mean, if it's halted for a couple months, it's probably no big deal. But after a couple years?
There were a bunch of photos somewhere (here?) of condo/office buildings in Bangkok that were left unfinished after their 1998 downturn that are still standing as shells...
reptillian,
Hopefully before the buildings cease to be habitable.
//Build it and they will come. Someday.//
One thing you learn real fast in the desert is that there's a heck of a lot more dirt than there is water.
I wonder when Las Vegas will figure that out.
Old Manhattan ream job: $24
New Manhattan ream job: $350 million
sportsfan, I always thought of Las Vegas as that desert mirage. Beautiful and lovely to a thirsty man, but ultimately an illusion. I suspect one day the 'illusion' of Las Vegas will fade away, leaving a shell of a city behind to vanish in the sands.
Hi CR,
The house in second photo seems finish. Is it in foreclosure? I wonder how much that tiny orange outhouse was sold for during the bubble...
I think that most people have not learned their lesson.. yet.
Banning Public Pension Agents Misguided, Massachusetts Says
Banning Pension Agents Misguided, Massachusetts Says (Update1) - Bloomberg.com
By Michael McDonald
May 4 (Bloomberg) -- The move by some U.S. public pension funds to ban middlemen who market the services of private equity and hedge fund investments is misguided, according to Michael Travaglini, Massachusetts system executive director.
The funds would be better served installing more checks and balances to prevent undue political influence, Travaglini said. New York, for instance, should broaden control of its pension so the state comptroller is no longer sole trustee, Travaglini said in a telephone interview.
One would think that Vegas would put their stable of illusionists to more use, than merely fooling the public indoors...
* Lake Mead Water Levels
Las Vegas should be making national news soon enough
Erin Burnett Defends Using Tax Havens: "Isn't It Your Obligation In This Country...To Pay As Little As You Can?" (VIDEO)
Erin Burnett Defends Using Tax Havens: "Isn't It Your Obligation In This Country...To Pay As Little As You Can?" (VIDEO)
SCARBOROUGH They tell me though it's all legal - ALL LEGAL.
BURNETT: Of course it is.
SCARBOROUGH: There's a big difference between tax avoidance and being an all out tax cheat.
BURNETT: That's right. Isn't it your obligation in this country - there is a tax code for a reason, to take advantage of every bit of it you can and pay as little as you can.
"iceman (profile) wrote on Mon, 5/4/2009 - 4:48 pm
If Manhattan RE really goes in the tank, the name "ManhattanWest" will be all the more ironic."
iceman,
The first time I glanced at your post, I read "... moronic" instead of "... more ironic."
Either one fits, though.
Double post
(Why does that happen?)
Dont worry those buildings will stand the test of time... just like america will. God bless us all!
Interesting that stocks were up over 2% today, but gold was also up almost 2% and the VIX stays at almost 35.... Money moving into gold again? The bump in the architectural billings index and the construction index probably represents the Porkulus money finally getting into some people's checking accounts... Tax refunds and one time pork payments probably account for the busy retail weekend... With all the increase in federal spending, GDP could actually be up by year end... Of course as Margaret Thatcher said, "Eventually you run out of other people's money"... So the real question is how far the Fed can go in increasing it's balance sheet, and what would the consequences be if they ran over the tipping point and the dollar no longer was the world's reserve currency....
Is money real? Are there any physical limits on producing more.. Is it not based on public perception and confidence rather than reality.
//"Eventually you run out of other people's money"//
Dont worry those buildings will stand the test of time... just like america will. God bless us all!
Just like Mesa Verde...
A tipping point will come in the form of a tell, as in somebody high enough up spilling the beans about the massive fraud our financial system is and was...
LOL Samdog, I did the same thing...
finally, my old stomping grounds....
the westside! pity's it late and Iive had to much palm wine....
and started to think of Ken Cooper... means there some molecule in that palm wine
the merchant forgot to telle me about
I had something to say about the ignore option, like what if you contribute money, how does that give free loaders
(see Obama's new tax proposals on that right) the right ot make you disappear?
ok, Ken... I bet you're a great guy but right now I see you as a John Gielgud type like in this
yet another scene from Brazil....
YouTube -
when I have time and sober I'll get more creative
dCD
Right - at the moment even though private foreigners have been selling tbonds, foreign govts are still buying them... - if they stop, and no one wants them, but the Fed keeps buying them, that is 100% printed money... Enough of that should create big inflation if the bonds actually represent spending by congress... but eventually there should be a limit - other countries which have gone this route usually have to go through devaluations and print new notes, but that doesnt solve the problem - and also devaluation will stop foreign investment...
ShadowInventory (profile) wrote on Mon, 5/4/2009 - 5:02 pm
"... and what would the consequences be if they ran over the tipping point and the dollar no longer was the world's reserve currency...."
Good question ShadowInv,
More and wilder swings in commodity prices come to mind ....
Is anything real. This is my problem with gold too. Why is gold valuable? We are told because it is rare and a storehouse of wealth for the ages. The truth is because some king with an army had to pay his people at some point and decided to use gold. Gold has no more intrinsic value than anything else. That is why all 'currencies' are rigged. Free market only truly exists in a barter system.
Hey All, my May Strategy Report will be out by tonight. Those folks on the list will get a copy later tonight. Anyone who wants to be on the list, shoot me an e-mail at dhvd_2004@yahoo.com and I will send you a copy and put you n the list (or if you just want the May issue without getting all the other stuff I send out, just tell me so). It is my way of saying thanks to the CR community. You have probably already seen many of the graphs in it (once again my thanks to CR for letting me use them).
Chinese ordered to smoke more to boost economy
Chinese ordered to smoke more to boost economy - Telegraph
In US we are more discrete by giving Americans a stock market head fake ( getting them to buy in ) then tell them to buy Chocolate Covered Cotton
Daily Kos: State of the Nation
Bottom line: great big chunks of Big Shitpile aren’t "impaired," or "illiquid," or "distressed," they’re worthless, now and forever – unless the peak real estate values of the bubble can miraculously be restored.
Bob_in_MA, it depends on if how much the builder completes ... if the exterior is finished, the project can be restarted pretty easily even years later. If left open to the elements (weather and vandals) then the project might have to be demolished.
Las Vegas might mean "the meadows", but the weather isn't much of a problem there! And that security guard is probably enough to keep most vandals out.
best wishes.
At least some gold is used in industry - but the vast majority of all the gold that has ever been mined, is in bar form locked in bank vaults... Occasionally moved from one cage to another as countries settle their accounts...
At least in the desert, they won't mold, like here.
Ahhh, the Light Bearer is asking is money real.
Money is losing its symbolic value.
Are unicorns real? Is the thought of a unicorn a real thought?
It has been decided behind closed doors, Opel will go to Magna + Rusal. Fiat will have no home in Germany.
Arbitrage_Macht_Frei (profile) wrote on Mon, 5/4/2009 - 2:08 pm;
A tipping point will come in the form of a tell, as in somebody high enough up spilling the beans about the massive fraud our financial system is and was...
Joe Biden?
That video from Jim the Realtor with the 700,000 dollar cracker boxes in SD was pretty scary - sounds like those buyers will squeeze what they can out of those things and then let the taxpayers have them... I cant imagine those houses every having any resale value when that is built out and they are all so close together, not only side by side but also back to back...
Can't go wrong with a Myrrh ETF, but beware of Frankincense, it seems like a manipulated market.
The End Of Personal Finance- Decades of advice turn out to be so much garbage.
The End of Personal Finance | The Big Money
By Helaine Olen
Posted Sunday, May 3, 2009 - 12:56am
..
For more than two decades, as income inequality increased and job security decreased, Americans lapped up personal finance columns, books, and television shows. We thrilled to stock tips and swooned at sensible strategies for using dollar-cost averaging to invest in no-load index funds. Buy and hold, my friends! The annualized gain for the S&P 500 stock index over time is more than 10 percent! You, too, can turn into the millionaire next door. Carpe diem, folks! Seize the financial day!..
Back to back and belly to belly, the zombie jamboree!!
Errr thread music. Very old thread music.
Joe Biden?
If Joe Biden said the financial system was a fraud I'd start to think everything must really be okay then... and I am NO GOPer.
I was rather looking forward to the Fiat/Opel/Chrysler brand - FOC('d)
And their Pelosi model - there would always be a deer in the headlights...
Yes, and in a barter system those roving hordes still get their way. Life is nasty, brutish, and short...even now in parts of the world.
Oh, it is real. It is the only real thing.
Pain. So let us name the truth, like men.
We are born to joy that joy may become pain.
We are born to hope that hope may become pain.
We are born to love that love may become pain.
We are born to pain that pain may become more.
Pain, and from that inexhaustible superflux
We may give others pain as our prime definition.
- Robert Penn Warren
lawyerliz,
Unicorns are more real that the balance sheets of our 19 biggest bank holding companies.
//Ahhh, the Light Bearer is asking is money real.
Money is losing its symbolic value.
Are unicorns real? Is the thought of a unicorn a real thought?//
That video from Jim the Realtor with the 700,000 dollar cracker boxes in SD was pretty scary - sounds like those buyers will squeeze what they can out of those things and then let the taxpayers have them... I cant imagine those houses every having any resale value when that is built out and they are all so close together, not only side by side but also back to back...
I thought the same thing but was 'reminded' - here of all places - that everything else in that area sells for $1MM plus... $700K is a 'steal' [in more ways than one].
That video from Jim the Realtor with the 700,000 dollar cracker boxes in SD was pretty scary - sounds like those buyers will squeeze what they can out of those things and then let the taxpayers have them... I cant imagine those houses every having any resale value when that is built out and they are all so close together, not only side by side but also back to back...
I took a drive down US 101 from the Bay Area to LA a few months back. From Paso Robles south to Ventura you'd see these tightly-packed zero-lot-line developments sitting by the side of the freeway with open land all around them. They looked like prison camps.
That's what comes when you cost out a development for the maximum profit, with no worries about liveability or even whether the local economy can support the extra people because you know you can sell them no matter what. That was the madness that irresponsible credit enabled.
Now what they think they're doing in San Diego, I have no idea. I thought things were supposed to have changed.
I rather like Joe Biden--ask him a question and he answers it.
True he retracts it later, but he did answer it at first and not according to the party line.
Vonbek777,
Money and economy are only as real as your belief in them... and the maturity of the society they exist in.
lawyerliz (profile) wrote on Mon, 5/4/2009 - 5:12 pm
Are unicorns real? Is the thought of a unicorn a real thought?
Thinking things through, I think the thought is real though the thing itself isn't--I think ....
Smart Money is Skeptical
An interesting aspect of the issue of "tax haven" is that the $700B includes some legitimate income earned overseas. I can understand going after many of the sham transactions, but going after a transaction that was wholly originated and completed abroad may lead some MNCs to completely decouple the corporate structure. At that point the tax might go from being deferred status to non-existent.
"Build it and they will come. Someday. Hold to maturity."
Classic Rep +1
Its just like Manhattan gambling, hookers they got it all!
I spent some time reading on the European Union web site - I didnt really know much about it - what I learned - the member countries agree to keep their budget deficit <3%, only the ECB can print currency but the members can mint coins with ECB approval... There is a lending facility to help the smaller countries when they get into trouble... Not sure about the bonds - it appears to me that the members can individually issue bonds as well as the ECB, but there must be some limits there... Trichet says today that the EU is in a declining spiral with a 4% contraction so far and they need to do something... Merkel in Germany remains opposed to stimulus... France has been blocking Turkey from joining the EU since 1987... Sweden, Norway, Switzerland and England are not members of the EU and probably will not apply for membership - the lack of those 4 strong economies holds the EU back...
I agree with Luci--they are less real than my unicorn thoughts.
Harder questions:
Are Vampires real?
Are Zombies real?
I rather like Joe Biden--ask him a question and he answers it.
True he retracts it later...
LOL! Good one. Following the new VP must be a pretty good gig for an old school hang around the bar and wait for something to explode kinda of journalist.
Samdog,
I think that one horned albino horses are more likely to real than the upcoming results of the 'bank stress tests'
FOUND
ManhattanWest - Las Vegas Condos, Shops & Offices
Blog by the developer. Mysteriously ends in Nov 07
I don't know much about gold, but how did virtually all of the cultures of the world decide it was the most valuable thing, unaware of each other's appraisal of the situation?
AMF
It is pretty, It is heavy. It is malleable, it does not tarnish, it is rare.
Actually they didn't American Indians thought it was a pretty, decorative substance, but as far
as I know didn't obsess over it.
American Ambition
Gemstone Development is one of the most accomplished developers in Las Vegas, and is the city’s 2nd largest builder of condominiums. Gemstone’s newest community, ManhattanWest, features 700 residences, offices, shops, and restaurants, all on 20 lushly-landscaped acres. The flagship building, Element House, will rise nine floors with sweeping views of the Las Vegas Valley from its 100 foot high rooftop lounge and pool deck- open to all residents. ManhattanWest features amenities unseen anywhere else in Las Vegas. ManhattanTransfer™ provides an on-site errand service. ManhattanMD™ offers an on-site medical practice focused on the community. ManhattanExpress™ provides premium shuttle service to the Strip and airport. The project also includes a coffeehouse and wine bar, a 7,000 square foot fitness center, and four pools including one with a waterfall and swim-up bar. While ManhattanWest’s innovative features redefine what a condominium project can do to improve the quality of life of its residents, prices start at just the low $200,000’s.
Lucifer you are so right, but the last time I checked you can still get arrested if you chuck your clothes and try to get back to that state of nature. Your friend Satan and that damn apple have something to do with it. Yes try explaining that to your very religious friends that Satan and Lucifer aren't the same. Satan was a member of the Heavenly Court. The chief jester and tempter of man since he was so lazy. What a job, as Job found out.
lawyerliz,
The answer is Yes and Yes
By definition a vampire drinks blood.. humans have been known to drink blood (eg Vlad the Impaler). If you think about it, is the catholic sacrament not symbolic vampirism?
About Zombies- Read "the serpent and the rainbow". If you still doubt the existence of zombies, please look at an average married guy with a money hungry wife.. or try looking at the real balance sheets of our largest financial institutions.
//Are Vampires real?
Are Zombies real?//
Wonder how much they collected in deposits.
how did virtually all of the cultures of the world decide it was the most valuable thing, unaware of each other's appraisal of the situation?
the guys with the guns, swords, etc. decided that it would be a good idea, and everyone else followed.
sort of like what happened after WWII with the USD.
Tim waiting for 2012,
Reminds me of Bernie Madoff's old homepage: different story, same BS.
Dammit!
Got a two-fer again!
When the European immigrants came to the southern Oregon coast in the 1850's, they found large gold nuggets just lying in the streams - the indigenous people had no use for it... Later the 'indians' would bring gold to the settlers and trade for meat, fabric etc... rather like on the east coast a few hundred years earlier...
Lucifer is a old-fashioned term for a match.
Brookfield Properties - Wikipedia, the free encyclopedia
The owner of the development
Shadow too funny...
"I don't know much about gold, but how did virtually all of the cultures of the world decide it was the most valuable thing, unaware of others that felt the same way?"
Not virtually all. In the Americas, gold was fun to have around, nice for ornaments, had some religious uses and significance, but was not a principal medium for exchange.
But I will grant you Europe and Asia, though apparently gold was pretty darned common in Africa as well, once upon a time.
AMF,
Gold was the first metal discovered by humans. Gold is the only somewhat common metal which exists in a relatively pure form in nature. Every other metal exists as salts and complexes that have to be treated to extract the metal.
//I don't know much about gold, but how did virtually all of the cultures of the world decide it was the most valuable thing, unaware of each other's appraisal of the situation?//
Brookfield might be big enough to tough it out and bring that Vegas puppy home after all...
The market GOOSE job is one thing but the myopic buy-side anaysts are really something else. Out of 100 market indicators maybe 80 are still pointing straight south at any given moment and the next moment maybe some of those pointing north suddenly turn south.
Deterrent ? Not a chance. The myopic nutjobs just focus on another green shoot if the leading one happens to turn brown. We could rally up to GDP -50% on that logic.
I'm hungry. Off to get something to eat.
Is the thought of the stock market a real thought? Is stock mkt creation of value a real event? I am refusing to think about it until sanity is restored. I can't deal with insanity.
Parking lot at the mall pretty empty. Which restaurant should I grace my presence with?
My point about the gold, is that no matter what currency you use it is only worth something if there is a power to back up the claim of worth. The US is in a crisis of reputation and power. So are the markets. I think the two are related.
In the area along the Columbia River between Oregon and Washington, the natives had a form of currency - it was grass bags filled with powdered dried salmon... They traded that preserved meat for Obsidian which was carried up from the lava beds to the south... Obsidian makes great stone tools with a very razor sharp edge, although it is very fragile and breaks easily... volcanic glass...
In the Tempe AZ hi rise condo that went TU the case was made to the BK judge was that financing needed to be provided to button up the joint in order to keep the project viable. The new plan is to finish the 1st tower by august or so while the 2nd tower would take a couple of years, rolling money from sales back into the project.
Two problems. They haven't cut their prices(1 bedroom 1 bath 630sq foot unit is currently listed at $368,900 and a 2 bedroom 2 bath for $707,900.) Nobody's buying the units(only 41 deposits on tower 1 out of 375 pre BK)
"My point about the gold, is that no matter what currency you use it is only worth something if there is a power to back up the claim of worth."
Beyond that -- it's only worth something if you believe it's worth something. We may not actually be able to back up the claim of worth of the dollar -- but people believe we can.
Works well, until they lose their religion...
Maybe the lady who advertised in craigslist for a husband who could get her into Central Park West would be willing to settle for Manhattan West now. A lot has happened since that advertisement.
I dont own any restaurant stocks, but I always like PF Changs...
Ahhhhh, Paso Robles, magic land of eight vineyards, three restaurants, two car dealerships and one pinball company.
Do houses cost $700k there now?
ShadowInventory,
In the late 1700s NE of present day Charlotte, NC a farmer's son found a 17 lb gold nugget in a stream.
They used it for several years--as a doorstop, before selling it to a local jeweler a few years later. The farmer's offering price: $5 (not all that much money even back in 1802).
(The farmer later became quite rich mining gold over the subsequent several decades.)
no matter what currency you use it is only worth something if there is a power to back up the claim of worth.
ThIs is another reason why I believe that many of the MNCs will eventually decouple. With the advent of multi-lateral trade treaties, international commercial interests are no longer enforced using the US military as strongman.
So much easier just to freeze assets electronically these days...
I always wondered about that gold etf - do they actually handle any bullion when you make a trade? Maybe that is bars moving from one cage to another... Also a thought on 'Exchange Traded Notes' etn's - I stay away from them because you are taking a credit risk with the issuer - they are not backed up by any real securities as an etf is... After Madoff, cant be too careful...
Agreed. A new age cousin told me that it is because Obama got elected and brought the Age of Aquarius to fruition. All written in the stars. Love and peace, no need for money. If she had actually lived through the 60s I could forgive her, but she is 27.
Arbitrage Macht Frei is a collaborative personality comprised of Hoopdejoop and Jas
Vonbeck
Close in age people under 30 have no idea whats coming all they know is Reaganomics
Samdog - I have heard of that story before - pretty funny - there is also a case where a person was traveling in the Sierra Nevada and saw the top of a gold nugget sticking out of the trail - I dont remember the exact size but it was a big chunk.... In 1983 near Downieville CA a person with a metal detector found a big nugget too - I think it was 17 ounces - there is probably a story about it online... Some recyclers now getting some significant income from gold in old electronics... They grind everything up and refine it as if it was ore...
Suggestion for new blog:
blacksheepofthemulti-family.blogspot.com
Anyone remember that woman Peggy who was in the media during the campaign? She was saying that when Obama was elected, she would not have to worry about her payments or gas prices... She might be right, for a while, but after the tipping point .... look out....
Shadow so far no gasoline has been paid for... yet just their car and warranty.
I keep looking for some creativity to create something we havent already thought of.... Nanoscale medical devices? Smart robots? Autonomous vehicles? Bionic implants? I'd love to have new eyes - and while you're at it make then able to see at night, IR, and UV... maybe with some telescoping lenses too... I could also use new ears - I have tinnitis pretty badly... make them adjustable and focusable... that would be cool...
How about a smart bed and a smart toilet that would keep track of my vitals and if something is getting out of whack notify my doc...
"There's a feeling in California that we will come back, no matter what, because we are California," Watkins says. "The leadership is swallowing Panglossian Kool-aid. Some very smart people, a beautiful climate and nice beaches is not enough to guarantee a strong recovery." -Executive director of the Economic Forecast Project at the University of California, Santa Barbara
"Ahhhhh, Paso Robles, magic land of eight vineyards, three restaurants, two car dealerships and one pinball company.
Do houses cost $700k there now? "
Dozens over $1 mil.
For those who wanted just a link to my long post in the last thread: Regulation & the Roosevelts
Distortions in the Chinese lending environment
May 3rd, 2009 by Michael Pettis
If you don’t know where you are going, any road will get you there
I read a DARPA project about three years ago talking about the possibility of using nano machines to grow diamond fiber single piece hulls for ships. The only problem was the heat dissipation and the need for a vacuum. Blew my mind.
Vonbek777
As the story goes, Age of Aquarius would be Dec 21, 2012. So Obama probably wouldn't be a part of it. It does have a neat coincidence with wiping out unbearable debt, and establishing a new geopolitical order
ShadowInv:
FYI
Below is a short clip on the story from earlier. Lots more if you Google "NC Gold."
The Great North Carolina Gold Rush
"From 1804 to 1828 all domestic gold coined by the United States Mint came from North Carolina. During that time thousands of foreign immigrants poured into the Piedmont area. North Carolina was known as the 'Golden State.' "[1]
Gold mining was once second only to agriculture as North Carolina's most important industry. It started in 1799 with the discovery of a large nugget on the Cabarrus County farm of John Reed, a former Hessian soldier. For three years the hunk was used as a doorstop. Finally, a jeweler recognized it as a 17-pound gold nugget. [2] Thus began the first gold rush in America!
Wow - diamond fiber... never heard of that... I did hear that there is work on carbon fiber, which is now a sold fiber, to make it into carbon tubing which will be a lot lighter than the existing fiber...
That Chinese lending thing sounds like they want the American experience all right - the American credit bubble experience... well they already have McDonalds and Wal-mart...
Lots of tax backlash in CA - already a lot of retired sold out and left before the bubble popped... Repo biz is strong though...
I'd sometimes pass through Paso Robles on my way to Cambria, Ft Hunter Liggett or Hearst castle. One million in PR should buy a small country. Man, it's not even creek-front property.
When gold was up to 1000 there were a lot of stories about new miners in the Sierra Nevada... I have always known a few people who had suction dredges etc and there are some good producing claims here and there... most people will get worn out in the cold water for little return though... There are places open where you can pan and get a few flakes, but the last larger operator I know about set up a hardrock mining operation where they were bringing up ore and soaking up the gold with mercury and then processing it through a retort furnace. Big capital investment. I dont know if they are still in operation... There's probably a lot of gold up there if you can find it......
I really like the story of the Diavik diamond mine in Canada - how that fellow found the diamond pipe.... People keeping their eyes open while hiking now hoping to find a diamond or 2....
Welcome to MacroMarkets
Long/ short housing ETF
EHP,
Great China link
It's pretty hot in Paso Robles in the summer... They do have a really great 4th of July parade if you ever get the chance, and the museum there is really worth a visit too - lots of operating old tractors that are nearly 100 years old... also some huge fossil clams and beautiful agates found locally...
Is anyone watching Cramer? He just trashed Meredith Whitney and all the bears and is chest thumping like I've never seen.
Vonbek777 (profile) wrote on Mon, 5/4/2009 - 2:52 pm reply Ignore user
I read a DARPA project about three years ago talking about the possibility of using nano machines to grow diamond fiber single piece hulls for ships. The only problem was the heat dissipation and the need for a vacuum. Blew my mind.
Now they just purchase General Products #4 hulls from the Pierson's Puppeteers and retrofit.
Jon Stewart needs to have him back on...
heh RD,
just stay away from Cueball...
ShadowInventory (profile) wrote on Mon, 5/4/2009 - 2:57 pm reply Ignore user
Wow - diamond fiber... never heard of that... I did hear that there is work on carbon fiber, which is now a sold fiber, to make it into carbon tubing which will be a lot lighter than the existing fiber...
Carbon nanotubes and yes, these exist unlike General Products hulls.
OT:
Forty-four killed in attack on Turkish wedding
| Reuters
"Forty-one killed in attack on Turk wedding"
I was looking at this headline and assumed it was a terrorist attack.
Turns out the bride and groom's own families were responsible.
Here is a video of the Manhattan West builder, Alex Edelstein, talking to Fox Business about why he was optimistic about Las Vegas real estate in July 2008.
Here is his blog, Frothing Developer (subtitle: Rational Exuberance for an Irrational World) which continued to push the idea that the media was overblowing the downturn in Vegas real estate. Interestingly, he stopped posting in January 2009.
Here is his appearance on The Millionaire Matchmaker.
And here is someone that Alex apparently owes money to.
I spent time with an 8 month old today, and his high-tech crib had almost as many sounds and sights as Cramer's tv set.
energyecon (homepage, profile) wrote on Mon, 5/4/2009 - 3:14 pm
heh RD,
just stay away from Cueball...
Rat cats don't frighten me.
If only that 8 month old could talk, the stock tips he must have...
Squatters Utopia...you get a new house for FREE....... EVERYDAY!!!!!!
The MSM is pretending it's 2007, the sequel...
Return to Goldilocks
Does anyone know how much the market is up since that CLOWN Derinnger posted that "nuclear bomb" and related post about the market ready to implode? LOL!!!
Maybe the NAR could enlist Oprah to get rid of some debt inventory...
And you get a house!
And you get a house
And you get a house
And you get a house
And you get a house
And you get a house!
Spending the week in Chicago. Lots of empty CRE, every tenth SFR for sale (it seems), more condos than pigeons. Girlfriend's massage work dead in water. Lots of upbeat peoplein the land of O.
Does anyone know how much the market is up since that CLOWN Derinnger posted that "nuclear bomb" and related post about the market ready to implode? LOL!!!
Forget Cramer on John Stewart... I want Krazy Karl.
Here are some Goldilocks stock valuations, with PE ratios based on Trailing-Twelve-Month earnings, and based on forward-projected earnings:
Stock -- TTM PE -- Forward PE
Apple -- 24 -- 21
Amazon -- 51 -- 39
Salesforce.com -- 126 -- 55
Google -- 29 -- 17
Priceline.com -- 25 -- 14
WholeFoods -- 31 -- 28
Sears -- 151 -- 143
The last two have large amounts of debt, a characteristic that was being punished only a short two months ago. Those stocks with large amounts of debt are still sporting very expensive put options. Go figure.
"Is anyone watching Cramer? He just trashed Meredith Whitney...."
Dawg. Buddy. I hope that means you've given up watching Cramer.
Please say it's so....
they will have to chose between bulldozing or letting homeless live in them.
Maybe then those of us smart enough to stay here will actually be able to drive to the beach on a nice day and find a place to sit.
EvilHenryPaulson (profile) wrote (in reply to...) on Mon, 5/4/2009 - 1:59 pm replyIgnore userhttp://www.arachnoid.com/NaturalResources/
Las Vegas should be making national news soon enough
Actually the amount of water left is probably not determinable from the current water elevation. Lake Mead was filling with mud since almost the day Boulder Dam was finished. They may have only dozens of feet (or less in many areas) of water now above the mud from the river settling out. Someday, the dam rim will be reached by the mud and then Plan B will be an urgent matter.