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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (13218)	5/5/2004 1:33:58 AM
From: Peter Joseph	Read Replies (1) \| Respond to of 110194

The numbers jump at me too. $445 K cannot even buy a shack in a shady part of LA. But it can buy a highly publicized writeup in the LA times. Note Gross manages a $76 B bond fund. Just in time for California to float new bonds. Wonder whether Arnie's cigars arrived in the mail. And yes, those federal & state exemptions are nice for any investment. The savings might even cover Gross's gas bill for the whole year <g>. ========= This much is for sure. The state's finances are still in peril: * Essential services have been badly hit. * Quality of life (except the weather) is very comparable to the third world. i should know, i lived a good part of my life in the third world. * There is no jobs recovery. The only jobs available are $10 per hour mortgage loan processors or debt consolidators. * Taxes, already the highest in the country could be increased again (Governator thinking out loud). * Housing market: Folks are extremely worried (buyers) and thrilled (owners). HELOC's are a good reason to visit the casinos more often. And they are popping up everywhere. Bubbles all over: SD, Orange, LA, Riverside, Ventura, SB, SLO, Monterrey, SC, SF (& the entire BA), Marin, Sonoma, Napa.. the whole coast is surreal estate.