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

To: GST who wrote (59466)	4/25/2006 2:06:08 PM
From: Oblomov	Read Replies (1) \| Respond to of 110194

The future of stupid people who squander their money and don't bother to develop their minds to compete with the best in the world can easily be described -- poor. And that is where we are headed. There you go again with the gratuitous "we". Are you talking about people who post on SI? If so, I pretty much agree.

To: GST who wrote (59466)	4/25/2006 2:15:16 PM
From: shades	Respond to of 110194

World Trade Center Developer Agrees To Rebuilding Offer NEW YORK (AP)--World Trade Center site developer Larry Silverstein said Tuesday he would agree, with conditions, to the government's offer to take over building the symbolic Freedom Tower and a second skyscraper in the messy rebuilding negotiations at ground zero. In a letter to the site's owner, Silverstein - who holds the lease to millions of square feet of destroyed office space - said he would accept economic terms of the government's latest offer, which would have him build three towers on the site by 2011. "We will enter into the agreement you propose, with clarifications outlined below," Silverstein wrote top executives at the Port Authority of New York and New Jersey. "This is not about profits," he added. "This is about moving the rebuilding forward as quickly as possible in order to revitalize the city's historic downtown." The letter said the agency and Silverstein would still have to work out "logistical issues" with the construction schedule of the 1,776-foot Freedom Tower. Officials have continued to say that construction would begin on the building by the end of the week. Janno Lieber, a Silverstein vice president, said Tuesday that work can begin "immediately" if an agreement is reached. Port Authority officials didn't immediately respond to a request for comment Tuesday. The New York Times reported on its Web site that Silverstein has scheduled a news conference for 2:30 p.m. EDT at 7 World Trade Center where, associates said, he will make the announcement. The Times also reported that the agreement allows Silverstein to develop three skyscrapers on the most valuable parcels of the 16-acre site. (END) Dow Jones Newswires April 25, 2006 13:48 ET (17:48 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 01 48 PM EDT 04-25-06

To: GST who wrote (59466)	4/25/2006 2:23:01 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

The real estate bubble is a side show.> Hardly a side show, but much more another severe symptom of an underlying disease, which is horribly misallocating resources and capital to pad the pocket of some hack or crony. And yes, it's also going on in the US too, so spare me the "what about America" tome.

To: GST who wrote (59466)	4/25/2006 8:38:16 PM
From: TobagoJack	Read Replies (1) \| Respond to of 110194

gst, by what is on my desk, it appears that the prc market has some 10-bagger real estate opportunities materializing from a pool of 'best kept secret' npl workout candidates that had been cronied away from the banks instead of shuffled into asset resolution entities. so, yes, new real estate debacles will eventually replace old real estate debacles, but as you noted, so what? what does it matter, as 200-300 million folks will urbanize in not so long, from villages to townships, and from towns to cities? what does it matter for rapid and huge build out of infrastructure if such had not been built for the past 300 years? and so you are correct, for this time it is different, and deliciously so. chugs, j