Archive for March, 2009
Housing Drops By 19% in the US
At the height of the real estate boom, people were advising to buy my own condo. I had the wisdom to say “No”. I stated that housing prices would decline and this would result in a bib.
After reading this article , I guess that I was correct. According to the article, the average rate of decline was 19%.
However, I lived in Southern California where where the prices decline by 40%. My little prediction came true. What I did not expect near-collapse of the entire US economy. In conclusion, my foreknowledge saved me from fiscal disaster and not buying property at the height of real estate frenzy.
Rick Wagoneer Resigns and the End of Great American Company
It looks like Rich Wagooner has quit GM. The Obama adminstration has stepped down as part of the GM’s restructing process. Obama has promised GM to have additional aid but with significant strings attached Reuters rreports that Canada will help GM coordinate with some aid
My bet is that General Motors will not last for the year. My solution is let GM go into bankruptcy and let it spin off the profitable divisions and wind down the segments that are losing money. A much smaller company would emerge but I think that it is best strategy to ensure the company’s survival.
Got Tickets to Joshua Tree Music Festival
I just got my tickets for the Joshua Tree Musical Festival. The lineup looks to be hot this year
Yes Sir. There is Some People Who Still Believe in Jim Crow
I saw a poll that states there should be a million man march of White men. I look at the results and I was shocked. The majority of the people stated “Yes” and the website devoted for discussion of the news. And I stated to myself “Jim Crow is still alive in this country”
Tne End of the Madoff Dynasty
As Madoff sits in a cell in the Metropolitan Correctional Center, his empire is mere shadow of what it used to be. From being worth $823 Million Dollars to spending the rest of your life in small jail cell, how the mighty have fallen.
And his firm. What is the valuation. Only a mere $500,000. He will be remember as the biggest conman in history. Madoff will always be an example to those who worship the idol of material and the consequences of that. Do not take solace in money. Take solace in the spiritual prinicples of this world whatever your faith.
$500,000 that is it. Mr. Madoff, may God have mercy on your soul. And oh yes, if the Christian God is real, you still can get saved.
It is tired and my brain is fried. More thoughts on the news and life tommorow. And oh yeah, I got the phone assignment at my On the Couch meeting.
A Lot of Sob Stories on CNN
It seems that CNN does a lot of these time. Sob stories and lots of them. It seems like everyday that they have a new story about this epic recession.
What we must learn from these stories? To feel empathy for the suffering and be grateful for things that we have now.
Clark Kelso
It looks like the governor is going to county jail. Is Kelso smoking crack thinking that he is going to send the Governator to the county jail. (http://tinyurl.com/cny4dy)
Hugo Chavez is the Real Socialist And Not Obama
If you have been reading a lot of conservative blogs, you might have the crowd calling a him socialist. In reality, the real socialist is Hugo Chavez. Hugo Chavez has nationalized several industries including the beer industry. At this rate, everything is going to be owned by the state and no more private enterprise will happen in Venezuela
If you look at the history of communism, total nationalization of major industries always results in failure. A mixed economy does work but I think Mr. Chavez’s big ego to control all of the industry in the country is become irrational and will result in the economy going into a period of stagflation.
In conclusion, it is time for people in the Chavez’s government to put on the brakes on Chavez’s socialism crusade. He is choking away whatever private capitial that would invest in the company’s infrastructure and that will hurt the country in a lot ways. As you can see, Comrade Chavez is the real socialist and not the socialist as Glen Beck portrays him to be. I
