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

To: Perspective who wrote (102574)	9/28/2009 5:34:19 AM
From: mishedlo	1 Recommendation Read Replies (2) \| Respond to of 116555

G-20 Summit - We've Seen This Movie Before globaleconomicanalysis.blogspot.com Now that the G-20 economic summit is over, inquiring minds have a few questions on their minds: 1) Will the Group of 20 will be more effective because it includes important new players like India and Brazil, or will it simply be more unwieldy? 2) Will we wait and see what cooperation there really is before praising global cooperation? 3) Is there a credibility gap? 4) Haven't we seen this movie before? ... Mish

To: Perspective who wrote (102574)	9/28/2009 3:08:09 PM
From: mishedlo	1 Recommendation Read Replies (1) \| Respond to of 116555

Anemic Job Creation During The "Schumpeterian Depression" globaleconomicanalysis.blogspot.com The Wall Street Journal is discussing some interesting trends in business creation and small business hiring. ... Mish

To: Perspective who wrote (102574)	9/29/2009 1:38:34 AM
From: mishedlo	1 Recommendation Respond to of 116555

Gold Manipulation Smoking Gun? globaleconomicanalysis.blogspot.com Numerous people have asked me to comment on the Zero Hedge article Exclusive Smoking Gun: The Fed On Gold Manipulation. The "Smoking Gun" is a now declassified document about gold, sent to president Gerald Ford on June 3, 1975 by Arthur Burns, chairman of the Fed from 1970 to 1978. The document concerns the "broad question as to whether central banks and governments should be free to buy gold, from one another or from the private market, at market related prices" ... Mish

To: Perspective who wrote (102574)	9/29/2009 11:02:10 AM
From: Elroy Jetson	2 Recommendations Read Replies (2) \| Respond to of 116555

I just got back from looking at real estate for a few days in Palm Springs. Homes in one exclusive section, which at the peak were selling for $2.25 million, the most aggressive sellers are offering at $995k. In spite of the 55% price reduction, I mentioned it was a little more than I was considering for a weekend home. One of the two owners replied, "Suggest something, you'd be surprised how little we'd accept." As one of my friends said after we had had left, "don't just tease us, come right out and tell us." This trip was prompted by the comment of a friend who had bought a $425k home in Palm Springs a couple of years ago. He told me the builder (actually now the builder's bank) had reduced the price on new versions of his home down the street to $169k - a 60% reduction. What I found most interesting was driving past the headquarters of the largest developer there, Modern Development, with their sleek block long sales office in the center of town - now sitting completely empty without furniture with an "Prime Office/Retail Space Available for Lease" sign. Across the street on an empty city block are two fading billboards with photos of a mammoth retail/condo project which will not be built until the next real estate upswing - or perhaps never. Driving home through the Riverside area builders signs along the freeway promise new deluxe lakeside homes from the $70k's if you just take the next exit. .