In my blog posted on June 15th, 2009, I described what my family and I observed when we recently visited there...huge uncompleted projects, relatively empty casinos and shows, and great bargains everywhere, except in the vacant high-priced boutiques. Well in a Wall Street Journal article by Tamara Audi, we get a much more comprehensive look that reasonably confirms the intuitions that my family and I had when we were "fearing and loathing," so to speak. Here's the link:
www.wsj.com/article/SB124804383363363397.html
Commercial Loan Failures
I predicted as early as last January, and have repeated the message that the next financial mess will involve commercial real estate failures. In a WSJ article by Lingling Wei and Maurice Tammon the press seems now to be catching on to this unfortunate but inevitable new trend.
Follow the story by chasing the link below:
www.wsj.com/article/SB124804759792663783.html
Global Warming And China/India
A recent NY Times editorial seems to confirm the May 25th blog post entitled, "A Dirty Little Secret..." which suggests that until and unless we can get these two countries to conform to clean air practices, that all other efforts are not only futile, but also, are confiscatory on those countries that are attempting to assist the environment. Here's the article:
The Stimulus Trap
On April 28th, 2009 and July 14th, 2009 I detailed why the jobless situation in America has gone into condition red. I have repeated this assertion throughout this blog series. Now Paul Krugman from the NY Times is on the same bandwagon and he expresses his opinion as follows:
http://www.nytimes.com/2009/07/10/opinion/10krugman.html?emc=eta1
The Human Equation
Bob Herbert at the NY Times writes a most eloquent explanation about why there are no "jobless recoveries" as I have written many times, on April 28th, June 26th and July 14th, 2009. Please read Bob's wonderful analysis by going to:
I'll have more for you later this evening and tomorrow, but this should get you started.
Thanks
John A.
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