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

To: mishedlo who wrote (72435)	12/16/2007 11:29:52 PM
From: Arran Yuan	Read Replies (1) \| Respond to of 116555

no wonder hollywood is there? simething else bloomberg.com that is ...

To: mishedlo who wrote (72435)	12/17/2007 9:24:20 PM
From: Sea Otter	Read Replies (2) \| Respond to of 116555

Excellent post Mish, with some good links as well. You are such an excellent resource and commentator. Thank god for material like yours - in the bad old days we had to rely just on the traditional media. That's why the internet is so great. (Thank you again, Al Gore!) The spottiness of the economic problems is interesting. In much of CA the downturn is beginning to bite. I have relatives in Orange Country and they're definitely seeing the impact. But here in silicon valley, the party continues unabated. To cite some anecdotes, recently two houses in Palo Alto that we were watching sold on the first day, above-bid. And both me and my husband find that recruiting talent in the valley is virtually impossible. The effective unemployment rate is zero hereabouts. And the party-talk is all upbeat. No one - I mean no one - is even mentioning the CA fiscal issues. And everyone still believes the housing "can only go up". We are special and have our own special bubble. If/when silicon valley goes under, I think we can safely say that the tsunami has hit the US. But for now all systems remain go.