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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 11 4:00 PM EST

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To: Maurice Winn who wrote (68101)	11/13/2010 12:46:12 AM
From: TobagoJack	1 Recommendation Read Replies (1) of 217693

just in in-tray From: M Sent: Sat, November 13, 2010 12:46:02 PM Subject: Re: Observations - Week of November 15th Nice way to start off breakfast this Monday morning with R on this topic: lasvegassun.com Yes, 80.2% of all mortgages in Las Vegas are underwater.... ..and they're still asking $850 psf for high-end condos in that town! Ha! lasvegassun.com SNIP: CityCenter said the sales generated $364 million with an average closing of $860,500, or about $860 per square foot.Dennis said there were 24 new sales contracts over the past 12 months with an average price of $800 per square foot. From the Telegraph. SNIP: Here in the US they’re struggling – not very successfully under Obama’s insane spending policy, it must be said – to clear a national debt of $13.7 trillion. In Britain – as you’ll learn tonight on Martin Durkin’s gripping, monumentally depressing Channel 4 documentary – we’re saddled with a no less eyewatering national debt of £4.8 trillion. (If you built a stack of £50 notes to reach that figure, it would be 6,500 miles high. And if you sold every single house and flat in Britain, you’d still be £1 trillion short of paying off the debt).

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