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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (35756)7/5/2003 5:13:10 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hello Energyplay, a few hours before going to dinner at a new restaurant and a few minutes after waking up from deep nap.

<<California >>

… Redistribution, dissipation and evaporation are part of the Script, as the state jacks up the fees, off load services, fires employees, and cities/counties attempt to do the impossible, picking up the slack, and, as governments often do, fail.

I am wondering when Proposition 13 will be put back on the negotiation table. I figure that once Prop 13 is up for rework, the California real estate will perhaps bounce off a porcupine, or maybe not.

We are just getting started along the path of the determined trajectory, in a projectile launched during the boom. I am not sure the projectile has an engine or if so, is fueled. I am sure there are a lot of passengers on board, and they will unbalance the travel.

In the meantime, greater economic, geopolitical, and monetary forces are swooshing every which way, affecting the projectile travel in unpredictable ways.

One thing is for sure, interesting times ahead.

Chugs, Jay



To: energyplay who wrote (35756)7/5/2003 4:01:15 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 74559
 
energyplay,

>>Some of the Counties and Cities have difficulties too.

Here in down town Minneapolis, Minnesota the government has defaulted on the Target Center (coliseum for basketball) revenue bonds. This sort of stuff seems to be ignored by the press.