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


To: John McCarthy who wrote (75423)2/29/2008 7:51:19 AM
From: John McCarthy  Respond to of 116555
 
A Tough Time

East Baltimore resident Leonard Cochran is buying less meat at the grocery store and eating the wild rabbit and venison he can get free from his hunter friends.

As for Thomas Brown of Baltimore and companion Dorothy Lewis, they're looking for jobs. He's 84; she's 75. "Everything is up," Lewis lamented. "The gas, electric, rent."


baltimoresun.com



To: John McCarthy who wrote (75423)2/29/2008 11:28:36 AM
From: westpacific  Respond to of 116555
 
As I was saying.......ART

The art market boom continues regardless of the gloomy outlook in the broader economy. In a sensational auction of contemporary art held at Sotheby's on Wednesday evening, 54 works realized an aggregate £95 million, or $189.42 million, the highest total in the category ever achieved in Europe.

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Look at this link and tell me, would you pay 40M dollars for that Bacon (imagine that on your wall everyday)! Tells us a lot of what is going on in this world and it stinks.

iht.com

They are taking that paper and buying up whatever they can before the global ponzi scheme implodes!

West



To: John McCarthy who wrote (75423)2/29/2008 11:30:40 AM
From: westpacific  Read Replies (1) | Respond to of 116555
 
It is not just Americans that cannot stay afloat....

The sluggish Thai economy and record gold prices have prompted many elderly Thais to cash in family heirlooms as they struggle to make ends meet.

"This is family jewelry," said Pannee Sae Kaow, a 78-year-old Thai-Chinese woman standing outside a gold shop in Chinatown in Bangkok and clutching a tarnished gold necklace given to her years ago by her mother.

"The economy has left me no choice but to sell it," Pannee said forlornly. "Everything is more expensive and it's tougher to live in a time like this. We're not rich people."

iht.com

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Corporate Elites and Bankers - you really think they give a CRAP!

West