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11/29/2010

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Morocco Bama

It's all ready too late. It's now time to anticipate where all this is headed and somehow capitalize on it. Myself, I'm going to enroll at ITT Technical Institute and learn to shine shoes, or wipe asses. There's going to be a significant demand for personal services such as this by the rich and the throngs of unemployed will do most anything for a stale piece of bread. A match made in heaven. Welcome to the dawn of the New Gilded Age. Feudalism is lurching towards Bethlehem at break-neck speed. It's due any moment now. Open your arms and welcome it with contrite heart. There's no use in fighting what is inevitable.

Tony Weddle

Another way of looking at that 70% recovery in the DJI (for those bums who still are in that casino) is that it's down 25% from its peak. That is, it has lost a quarter of its value.

And house prices are falling faster than expected:

http://www.bbc.co.uk/news/business-11876476

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