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To: Mannie who wrote (4225)4/25/2003 12:20:27 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 5423
 
the signals are screaming out loud now
when I drive along a certain ritzy road between my office and my parent's's modest home, I pass the wealthiest patch on a street called Beechwood Blvd

when young, I knew two foxes who lived on this street
we all lusted after them, with dreams of lace, wealth, trips to the Caribbean, and hot steamy sex
Wendy drove to highschool in a jeep, way cool
I had a crush on Jennifer, in my class
Jennifer S. and Wendy W. --- ooo la la

anyway, back to my point (quit distracting me)
Beechwood contains homes for judges, bankers, business leaders, and more in the Pitt area
on a long stretch, there might be 50 homes
I counted 8 with FORSALE signs, and one SOLD sign
a year ago, maybe 1-2 FORSALE signs

something is brewing

another sign
along the parkway heading into town, it was typical a year ago for traffic to be backed up 3 miles behind the Squirrel Hill Tunnel
not anymore
I havent sat in traffic, awaiting my exit to work, not since late autumn or early winter

something is brewing

yesterday I returned a BlockBuster movie rental
I went over by one day, from simple forgetting
when I entered their store on a weekday early evening, nobody was in there
I appealed for forgiveness on my oversight, explaining that I was a jackass with mental deficiency, the clerk smiled and said "no problem"
try that two years ago

something is brewing

I expressed my opinion in my "2003 Predictions" article that local restaurants and movie theatres would continue to prosper and survive
here and now, I must revise that
restaurants may not survive
but movie theatres will do just fine

the big big Monroeville Shopping Mall is packed each weekend
I mean packed in the vast parking lots
that is my last stage signal
maybe people go to the mall to window shop and not buy
most of the stores in the mall have signs for sales
I cannot tell if people are buying or not
I dont ask clerks like you do
I am way too busy checking out the multitudes of highschool girls
with their exposed bellies, love those bare midriffs
if they got any lower, they would expose the mound of venus
so often they are testing their newfound sexuality
I check them out, raise a brow, occasionally wink
they saunter by, with arched back, proudly
ooo la la

on the news everywhere is denial that real estate is a bubble
I have never heard so much denial about any bubble
whether stock, bond, housing, or whatever
of course it is a bubble, morons
as they taught me in Alcoholics Anonymous, anytime there is persistent questioning about alcoholism or addiction, YOU ARE WITNESSING ALCOHOLISM OR ADDICTION
if you continue to see Uncle Eddy giving you a reason to wonder if Uncle Eddy is a drunk, then he is a drunk from the mere inquisition

this recession that awaits us will be different
it will feed upon itself
dont expect the Congressional stimulus package to help much
it might, if large enough
but Democrats are doing their best to gut it
they want the recession will worsen, and Bushy to exit office

my professional opinion is that a $300B package might have really been effective last autumn
now a $500B package will be only slightly effective
what they need is a $1 trillion package with massive tax overhaul at the corporate level, removal of dividend double taxation, and elimination of tax bracket creep for individuals (moving brackets back to levels in 1980)

/ jim