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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (64806)	3/25/2007 6:03:15 PM
From: NOW	Read Replies (1) \| Respond to of 116555

"And yes, the political system has increasingly been subcontracted out, with malice aforethought, to thieves, looters, cronies, and absolute dopes. Little wonder that Americans, living through the Age of Enron, scanning the horizon from Iraq to New Orleans to Walter Reed Army Medical Center, and watching Halliburton head for Dubai, generally believe their system no longer works; that those high-school civics texts are a raging joke (that, in fact, fierce joking, à la Jon Stewart, is the only reasonable response to the extreme, roiling absurdity of this administration as well as our world); and that, if you took to the streets of the capital, no one in either party would be paying the slightest attention." tomdispatch.com

To: mishedlo who wrote (64806)	3/30/2007 9:05:38 AM
From: valueminded	Respond to of 116555

Mish: Not sure how this plays in, but thought I would give you feedback from Nashville, Tn. Builders here (at least on the surface) seem to be doing very well. Sales are decent and their margins still seem to be in the 25% range. ie build for 400k, sell for 500k Building is still pretty strong - at least in this county and anecdotally, house just went up for sale down the street (about 2 weeks ago) and is now under contract. Sale price is about 170/ft2 on a 1/2 acre lot.