I never understood the citizens who grudgingly admit “yes he’s a dumbshit, but he’s OUR dumbshit.”
Well, uhm, no, like he isn’t!
“the chatter among Capitol Hill democrats has been that Bin Laden remains at large because he’s hiding in Bush’s blind spot—Saudi Arabia.”
” ‘Who can forget the kiss between Bush and [Saudi Crown] Prince Abdullah two months ago when they sat down to talk about ‘oil prices?’ Well, since then, oil prices have skyrocketed to 60 bucks a barrel!’ “
Wonder if he’s ever kissed Osama on the lips?
On a moonlight night in Tora-bora
I lost my man-pussy to a tall semitic
rebel with a cause
He might not be
the man of my dreams
but he’ll do
(to be sung as a deep low Texas shit-kicker a-capella)
What did the CEO of Cuntrywide(tm) know, and when did he know it?
According to this article [LAT] a long time ago.
Hey, it was public knowledge Tangelo Orangzillo was dumping his stock since late last year. Now that he has disposed of most of it, he can “feel free to talk freely about economic matters.”
Deja Vu all over again
Dr. Housing Bubble has a posted another fine in-depth essay. This one goes back in time to compare the land speculation boom in Florida in the 1920’s, – and was fueled by the exact same speculation fever which caused the 1929 stock market crash, and also the tech stock and housing busts of today (here in America we never learn from our mistakes, and you cna take that to the bank).
His source is the book Only Yesterday, written in 1931, and its author paints a clear picture of just what kind of crazy shenanigans went on then that ring true now (so many people were trying to sell property in the street the city had to pass an ordinance against it to keep traffic moving!).
This book is already set to be included on my next order from Amazon (which will come from one of the partner sellers of course).
Mighty thanks from this Dr. Housing Bubble reader to another for bringing this to our attention.
Along with Reminiscences of a Stock Operator, I’m keen to read all I can from that era now that mostly anyone that lived then (including my grandparents) have died off. What died with them were the bad memories and “never let this happen again” attitude which was underlying theme of the post-war boom and cautious optimism, prudent behavior, and grounded idealism.
You know, the good old days.
Hand-dandy tips for living in oblivion
So who knows how bad things will get in the great economic downturn the bearish amongst us are predicting. If it gets so bad that you are faced with living your car or van, here’s some heplful tips.
Once one accepts the inevitability, it is nice to know it’s do-able.