We borrowed another two billion dollars or so again yesterday (and every day) to support the fiscal irresponsibility of the Republican leadership?
The irony dazzles.
REAL ESTATE BUBBLE
Drew: ‘I first read Monday’s poem 25 years ago, in the commercial real estate office of a friend’s father. Two years afterwards, the local market went into a slump, that office was closed, and my friend’s father filed bankruptcy. In the long run, I’ve no doubt that real estate is a good investment, but it is a cyclical market, and right now it’s peaking. Why buy now when in a couple of years you can pick something up for a lot less?’
DON’T SELL YOUR OIL STOCKS
Our APC is up from $56 to $85 in just over a year. But I’m not sure the run in oil stocks is over. Click here. In small part:
There is a famous quote from Albert Einstein about war. He said “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.”
I am considerably less qualified than Einstein to predict the weapons to be used in WWIII, but I am pretty sure of what it will be about, and who we will be fighting against. In fact, the war has already begun. The war is about oil, and our dance partner is China . . .
Quote of the Day
Market economics as currently practiced often ... includes only what's countable, not what counts.~Rocky Mountain Institute
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