Comments for Hotel Occupancy Rate Off Sharply
CRbot says:
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/2204337013845111841
CRbot Fri Mar 20 08:14:13 2009 CDT #
UMDan says:
The bedbugs are getting hungry.
UMDan Fri Mar 20 08:14:44 2009 CDT #
Rob Dawg says:
Condotel -> Condohell.
Rob Dawg Fri Mar 20 08:16:19 2009 CDT #
Werner says:
Donnerwetter .
Werner Fri Mar 20 08:17:22 2009 CDT #
Outsider says:
With the news about homeless families now taking up residence in old motels, I would think these numbers would be better. Maybe next month. /
Outsider Fri Mar 20 08:17:52 2009 CDT #
Haha says:
Repost.
*****Fed planning 15-Fold Increase in US monetary base*****
http://www.marketskeptics.com/
The fed is planning moves that would more than double its balance-sheet assets by September to $4.5 trillion from $1.9 trillion. Whether expressing approval or concern over the fed’s move, most commentators fail to understand the real magnitude of the projected expansion of the US monetary base because they don’t take into account the amount of dollars circulating abroad.
Haha Fri Mar 20 08:19:04 2009 CDT #
Counterpointer says:
Ok, to think through the demand destruction, contemplate this: who travels, why, and where's the capacity to pay these days?
C
Counterpointer Fri Mar 20 08:22:28 2009 CDT #
Blackhalo says:
What is the dollar going to do today?
Blackhalo Fri Mar 20 08:27:20 2009 CDT #
Broward Horne says:
"who travels, why, and where's the capacity to pay"
Easy one!
Who? Guys in green uniforms riding large armored vehicles
Why? Ho ho ho, I'm sure you already know
Pay? Tons o' green toilet paper!
Broward Horne Fri Mar 20 08:27:51 2009 CDT #
burnside says:
Evidently they calculate occupancy against total capacity, including guestrooms 'on change' for defects, repair, remodelling.
burnside Fri Mar 20 08:28:52 2009 CDT #
dryfly says:
I posted this photo last night... here. I took it two days ago on my phone cam thinking the next time CR has a hotel or travel related post I'd share. $39 a night for a 'single'... $41 if you are 'bringing a friend'.
And 'yes' the place is still in business last I knew - kitty corner from a rural truckstop on I 35. And 'no' I've never stayed there - I'd sleep in my car first but maybe that is just me.
There is no bottom to the hotel biz from what I can see.
dryfly Fri Mar 20 08:29:45 2009 CDT #
steelhead says:
I booked a room in SF @159 plus tax and yesterday negotiated a reduction of $100. $59.00 for a three star hotel. Whocoodnode.http://js-kit.com/extra/tiny_mce/plugins/emotions/img/smiley-smile.gif
steelhead Fri Mar 20 08:30:37 2009 CDT #
Cinco-X says:
No wonder JS-Kit stinks! They're in the hotel business too;)
Parent Post
Cinco-X Fri Mar 20 08:59:55 2009 CDT #
CRbot says:
The Latest from Ritholz:
New Form of Activist Investing
CRbot Fri Mar 20 08:33:27 2009 CDT #
Counterpointer says:
Oh noes, no HoJos???
Remember, Pan Am logo on the side of the spacecraft in 2001 A Space Overture.
So much for permanence.
C
Counterpointer Fri Mar 20 08:35:07 2009 CDT #
Outsider says:
Dryfly, maybe it's just me, but I couldn't get to your link.
Outsider Fri Mar 20 08:35:22 2009 CDT #
dUCKdUCKgOOSE says:
Would it help for BHO to house all of the Nation's homeless illegal alien population in hotels? They're all "heros" for breaking Federal immigration laws, so they deserve the red carpet treatment. Plus, it will help to stimulate the economy.
dUCKdUCKgOOSE Fri Mar 20 08:36:11 2009 CDT #
Haha says:
Jim Roger's Interview (~29mins), quite interesting:
http://silverbearcafe.com/private/03.09/rogers.html
Haha Fri Mar 20 08:37:06 2009 CDT #
Rob Dawg says:
house all of the Nation's homeless illegal alien population in hotels?
Pelosi Palaces.
Rob Dawg Fri Mar 20 08:37:11 2009 CDT #
Broward Horne says:
"house all of the Nation's homeless illegal alien population in hotels?"
Who would pay? Oh, wait, yes, another bailout.
I keep having this vision of 20 million dead Mexican zombies clambering against a rapidly weakening chain link fence along the southern border.
Don't make it worse for me.
Broward Horne Fri Mar 20 08:39:25 2009 CDT #
dUCKdUCKgOOSE says:
What about the 20 million who are already here?
Parent Post
dUCKdUCKgOOSE Fri Mar 20 09:54:54 2009 CDT #
Anonymous says:
Question:
Is there an ETF where one can park very short term money (USD) with mimimal up/downside / low volatility? Thanks
I
Anonymous Fri Mar 20 08:39:34 2009 CDT #
dryfly says:
Dryfly, maybe it's just me, but I couldn't get to your link.
Try this...
http://picasaweb.google.com/dryfly.whodat
Click on the 'boondocks' album...
dryfly Fri Mar 20 08:40:53 2009 CDT #
Dope Alert says:
Is there an ETF where one can park very short term money (USD) with mimimal up/downside / low volatility?
need i say more?
Dope Alert Fri Mar 20 08:43:00 2009 CDT #
charlie says:
In my last job, people were always taking business trips. The upper mgmt felt that our customers felt we cared more if we traveled to see them. I would spend a whole day accomplishing what 5 minutes of emails would accomplish, I wouldn't get any real work done, and on top of it I would run up hundreds in expenses. I thought it was the biggest waste of time and money.
I am generally of a frugal nature. I wouldn't buy anything I didn't really need. Sometimes I had to make sales trips. I would travel with salesman and answer technical questions. Many times there were no technical questions and I would go for nothing. Anyway, the sales people would always go to the most expensive restaurants and order lots of appetizers. Honestly, I would have been just as happy going to subway or pizza hut.
My hunch is the travel business is going to see a lot more cutbacks. My experience is most of what they provide is fat and can be easily cut.
charlie Fri Mar 20 08:44:27 2009 CDT #
Alo says:
They just can't fill the beast
Alo Fri Mar 20 08:45:34 2009 CDT #
Rob Dawg says:
Hotels and 2001 Space Odyssey tie in
http://dc-mrg.english.ucsb.edu/WarnerTeach/E192/Images/SO.hilton.jpg
My impression is that Las Vegas is far worse off than is commonly acknowledged. Massive supply still coming on line. Unmanageable debt. no pricing power. SoCal echo shock. Their own housing implosion off the strip.
My bet is MGM Mirage files this month
http://www.lvrj.com/business/40703237.html
Rob Dawg Fri Mar 20 08:46:35 2009 CDT #
Jay D. says:
..............Hotel Occupancy Rate is a serious lagging indicator............just a joke , CR..................
Jay D. Fri Mar 20 08:51:23 2009 CDT #
CRbot says:
The Latest from Ritholz:
Bonus Boomers
CRbot Fri Mar 20 08:51:30 2009 CDT #
Rob Dawg says:
Alo says:Today, 6:45:34 AM PDT
They just can't fill the beast
Post_of_the_thread. Bravo.
(They stab it with their CRE...?)
Rob Dawg Fri Mar 20 08:51:58 2009 CDT #
Alo says:
Why thank you Dawg! Can't believe how many beasts they are building in NYC. They say big cities might be better equipped to weather a bust, but wonder whether they factor in anemic tourism- which is already affecting room rates /defaults etc here.
Parent Post
Alo Fri Mar 20 09:08:08 2009 CDT #
traderwalt says:
"How is the dollar doing?"
The dollar was slightly higher 15 minutes ago, after falling sharply the past two days.
traderwalt Fri Mar 20 08:53:16 2009 CDT #
dryfly says:
My impression is that Las Vegas is far worse off than is commonly acknowledged.
The company my wife works for has a big depot/service center in LV catering to the trade show biz. She talks to the employees working there... they concur - the situation for a lot of companies in LV is really grim. The trade show biz is down but margins were very good so they have some 'cushion' [loses but manageable losses so far]... the gambling biz went totally 'commodity' about 5 years ago... they require very high 'utilization rates' to net a profit... from what she says they aren't even covering their variable cost completely even with lay offs let alone making any kind of sizable contribution to cover 'fixed'. Not pretty.
dryfly Fri Mar 20 08:53:27 2009 CDT #
Ted Kavadas says:
very interesting, thanks. LV & gambling was supposed to be recession-proof
Parent Post
Ted Kavadas Fri Mar 20 08:59:05 2009 CDT #
Rob Dawg says:
The "gaming" stocks are darlings of the retirement portfolios. Their physical asset values are pennies on the dollar if forced to liquidate. If a few go the ripple effects are going to be as bad as any flurry of bank failures.
Rob Dawg Fri Mar 20 09:00:24 2009 CDT #
Cinco-X says:
WHere's their "real" value; their Whale Lists?
Parent Post
Cinco-X Fri Mar 20 09:03:27 2009 CDT #
Anonymous says:
"Is there an ETF where one can park very short term money (USD) with mimimal up/downside / low volatility?"
SHY,SHV, IEI, IEF, TLH, TLT, TIP, IPE and many more (but nothing is free)
Anonymous Fri Mar 20 09:00:34 2009 CDT #
Cinco-X says:
Wow! Was Denniger on target or what:
http://market-ticker.denninger.net/archives/885-On-Speculation,-Wall-Street-and-Hedge-Funds.html
Cinco-X Fri Mar 20 09:00:57 2009 CDT #
Punditry says:
http://finance.yahoo.com/news/Rhode-Island-strip-club-to-apf-14699380.html
"I need more managers, I need more competent staff, and I need more attractive waitresses to go along with the ones I have right now," said co-owner Tom Tsoumas.
i hope his current employees are illiterate.
Punditry Fri Mar 20 09:01:36 2009 CDT #
anonymous says:
Hawaii is so dead.
Their occupancy has been on the decline steadily over the last 11 months, and is especially problematic off Oahu. The Big Island and Maui are getting clobbered.
Real estate was super-bubbly out there too. With the exception of the Big Island, they truly aren't making any more land.
Sky high food/energy prices, unemployment climbing, and the collapse of real estate and tourism.
Aloha Oi, mofos.
anonymous Fri Mar 20 09:07:09 2009 CDT #
Outsider says:
"the gambling biz went totally 'commodity' about 5 years ago... they require very high 'utilization rates' to net a profit... from what she says they aren't even covering their variable cost completely even with lay offs let alone making any kind of sizable contribution to cover 'fixed'. Not pretty."
Several months back I kind of joked that gambling would be the next bubble. Bringing gaming to NH is all over the news right now. I think they should look at what's currently happening in gaming before jumping in. According to your reports and others, it's on the slide so forget it. Forget it anyway, but especially now.
Outsider Fri Mar 20 09:10:08 2009 CDT #
JP says:
Wow! Was Denniger on target or what:
Without even reading THE ALL CAPS LETTERS OF DOOM, I'd have to go with the 'what'.
JP Fri Mar 20 09:13:22 2009 CDT #
dryfly says:
Why thank you Dawg! Can't believe how many beasts they are building in NYC. They say big cities might be better equipped to weather a bust, but wonder whether they factor in anemic tourism- which is already affecting room rates /defaults etc here.
The weakness of large urban operations is FIXED COST... the whole idea that these operations can weather a storm better than a more rural operation is completely based on 'high volume equals higher revenue'... but if the fixed cost eats all that revenue and the operator can't renegotiate away that high burden then they go under just as fast or faster than the smaller Boondocks Motel [which has been there for something like 40 years through 3-4 recessions, oil embargoes, farm crisis, 9/11... etc. How much fixed cost you think is in that hovel?].
dryfly Fri Mar 20 09:13:43 2009 CDT #
Broward Horne says:
Hawaii == Next Iceland? Food and water are imported, yes?
" their Whale Lists?"
I suspect most of the whales have been gutted by our good buddies at AIG, GS and Citibank. No blubber for you!
Broward Horne Fri Mar 20 09:13:54 2009 CDT #
Black Star Ranch says:
"My impression is that Las Vegas is far worse off than is commonly acknowledged."
We're a 'burb of Vegas. We've lost 4%+ of our population - many were union workers who commuted to LV - some disappeared, some still gather at the local watering holes, most are out of work. The few working are wondering why these monuments are even being finished and for what purpose. Las Vegas is dying - though it will always be an expensive truckstop, trainyard, and Greyhound hub (I-95, I-93, I-10) with BIG deserted buildings;
Black Star Ranch Fri Mar 20 09:16:14 2009 CDT #
Lawyerliz says:
The State of Fla racked in a fair amount of money from Seminole gaming. They are doing Blackjack, and it's illegal, but the state needs the money. So they aren't shutting down these supposedly illegal games, which are advertized with giant billboards.
Lawyerliz Fri Mar 20 09:17:54 2009 CDT #
Counterpointer says:
Hey, Haha, I really liked the Jim Rogers interview link, thanks.
Speaking as a bilingual English / Mandarin dude of course.
Bwahahahaha.
C
Counterpointer Fri Mar 20 09:21:11 2009 CDT #
Lawyerliz says:
Is this being broken down by areas? I'm curious about Central and South Florida.
Actually not that much pi$$ing and moaning going on in the news. Spring break allegedly ok. People not going more expensive far places.
Article about gardening in paper. Lots more people taking it up. Garden supply at Home Depot is busy every time I contribute to the economy there.
Lawyerliz Fri Mar 20 09:22:07 2009 CDT #
Rob Dawg says:
Browad,
I am preparing a blog post on exactly that subject. Short take: Jan 66% lowest since shortly after 9/11 and room rate -8.2% steepest decline since 1993.
dryfly,
You can guest post at exurban nation anytime. You get it.
Alo,
There is some evidence that the urban rennisance of the past decade could be but a blip in a longer term trend away from centralized jobs/housing.
Rob Dawg Fri Mar 20 09:22:36 2009 CDT #
dryfly says:
We're a 'burb of Vegas. We've lost 4%+ of our population - many were union workers who commuted to LV - some disappeared, some still gather at the local watering holes, most are out of work. The few working are wondering why these monuments are even being finished and for what purpose. Las Vegas is dying - though it will always be an expensive truckstop, trainyard, and Greyhound hub (I-95, I-93, I-10) with BIG deserted buildings;
I disagree - LV will come back - but ONLY after the current operators go BK and the assets are bought for pennies on the dollar. Once the fixed cost is back in line and fully written down many of those operations can be profitable even if occupancy & capacity are 25-30% off.
The problem is it could take awhile to (1) get the current operators to throw in the towel & who knows how run down the assets will get before that happens and (2) time for new buyers & price discovery to get those assets back in strong hands at a 'workable' price. Meanwhile the workers are left hanging - unemployed.
THAT is why rapid pre-pack corporate BK is frequently the workers best friend - they just don't know it. They'll know more later when they look back. We all will.
dryfly Fri Mar 20 09:25:35 2009 CDT #
debtinator says:
Closing down the tent cities should boost occupancy rates.
debtinator Fri Mar 20 09:26:37 2009 CDT #
Guest says:
Anecdotal-Live in Atlanta, GA, out for my morning walk. On returning to the high-rise condo got on the elevator with the GA Power service tech, he was headed to the penthouse level to shut the power off, then to 5 other units in this 200 unit complex. After that another 22 in the neighborhood. We live in Buckhead, probably (not now) one of the most well-off areas of Atlanta.
Not a good sign.
Guest Fri Mar 20 09:27:21 2009 CDT #
Broward Horne says:
The United States has been gutted over the past 15-20 years. It will take a decade to rebuild the consumer manufacturing but the real damage is how the culture was "harvested". The constant focus on short-term immediate self-interest destroyed most who didn't participate in the scams.
And that sick mentality will take at least a decade to wash clean...if ever. I still don't see a change in direction post-election. If anything, I see an acceleration in the wrong direction.
Broward Horne Fri Mar 20 09:30:18 2009 CDT #
Haha says:
Counterpointer,
Most Welcome! Looks like the east will be where it's at for the next generation!
Haha Fri Mar 20 09:34:57 2009 CDT #
Lawyerliz says:
Is the penthouse empty, or are the penthousees gonna try to live without power for a while? How many foreclosures in your condo.
Big big prob here is no maintenance payments being made by so many people to Assns, Condos.
Lawyerliz Fri Mar 20 09:36:40 2009 CDT #
iceman says:
China is not to be spared. 40% of their GDP is exports. And who do they mainly export to? Yep, the American consumer (and, even worse, the European consumer).
No decoupling for you!
iceman Fri Mar 20 09:37:47 2009 CDT #
Lawyerliz says:
Friend of mine is still making money on her condotell, she bought it very very cheaply.
Lawyerliz Fri Mar 20 09:38:31 2009 CDT #
Counterpointer says:
Haha - suoyi ne, wo hai you xiwang ba.
Looks like there's work to do coming up. Finance and rescue. Maybe some M&A. Hehehe. Fabulous.
C
Counterpointer Fri Mar 20 09:43:17 2009 CDT #
Michael says:
I keep hearing we are going to be just like Japan, we are going to be just like Japan with zombie banks and a lost decade. Wishful thinking! Japan did not have Armies, Navies, Air Forces, and Intercontinental Ballistic Missile Systems to maintain during its economic collapse. Japan did not have Two Wars to fund, 707 military bases around the world, and the upkeep on the planetization of the size of the US Empire during its collapse. No my friends the US economic catastrophe is going to be nothing like Japan's economic collapse of the 90's.
The rest of the planet is currently funding our military empire through bribery, extortion, and good old fashioned fear. The US is taxing other nations through the purchase of our treasury bonds that we will never be able to make good on at current value, so that we can maintain our empire. Those investments from other countries will end.
The only thing we can do at this point to curb the ultimate disaster around the corner, is to cut the size of our planetary empire in half. If you want a better idea of what is to come, watch Gerald Celente and Marc Faber.
Michael Fri Mar 20 09:43:44 2009 CDT #
Cinco-X says:
What Japan (Nippon) did have was a strong US economy to hang onto. Who's going to pull us out of this?
Parent Post
Cinco-X Fri Mar 20 10:13:44 2009 CDT #
Jay D. says:
Haha says:Today,
Most Welcome! Looks like the east will be where it's at for the next generation!
---------------------------------------------------------
..........I am with you haha.......pendulum is already shifted to east.......rather faster pace than I expected thanks to US recession......
Jay D. Fri Mar 20 09:43:45 2009 CDT #
ac says:
Wow! Was Denniger on target or what:
Without even reading THE ALL CAPS LETTERS OF DOOM, I'd have to go with the 'what'.
Interesting technical note - Microsoft just released IE 8 including support for larger fonts just for his site.
ac Fri Mar 20 09:45:25 2009 CDT #
Cinco-X says:
LOL! but it was still right on target.
Parent Post
Cinco-X Fri Mar 20 10:14:21 2009 CDT #
MinniRenter says:
Dryfly... The Boondocks, I love it! The most depressing place in Iowa, I swear. I always cringe when the tank is running low on approach to Highway 20. This reminds me of the Hy-Vee discussions a while back.
MinniRenter Fri Mar 20 09:45:47 2009 CDT #
purple says:
The kind of power shift Jim Rogers is always blathering about only occur after all-out war, with the former alpha male defeated or damaged. Think the U.K. after WW I and II.
That's a big elephant in the room that people rarely talk about.
purple Fri Mar 20 09:46:10 2009 CDT #
Teddy says:
Concerning the thread earlier today, let me say that a few days ago, I mentioned here what Summers said on Stephanoupolos' show last Sunday, namely, that the Obama administration planned to secretly sell the foreclosed, packaged reo notes to investors (insiders) for pennies on the dollar with minimal down payment using non-recourse loans...............w/o taxpayer knowledge.........even after the taxpayers paid close to marked to model prices for them. That makes it easy for the "investors" to flip the properties at a huge profit w/o liability...........and secretly dump the huge losses on the taxpayer's bill since none of the bankrupt banks and insurance companies receiving bailouts have been closed down and have transparency. Obama has to close down each and every one of these bankrupt banks, insurance companies, and multi-national corporations, make the depositors whole, stiff the bondholders, and let the taxpayers see the books in the light of day and where the 2 trillion plus in taxpayer money has been spent so far. Otherwise, this money is just the downpayment for money going down a perpetual black hole. Obama, as he promised during his campaign, has to immediately put into law that it will now be a felony for any politician or person of influence to accept money (bribes if you will) from anybody, but especially from multi-national corporations and foreign governments, start prosecuting violations of the law, and state that all campaigns must now be funded exclusively by US taxpayers. If Obama doesn't fulfill his promises, he will be a one term president and the next president will not be from a major party nor someone that will show any mercy to the criminals running the country. :'(
Teddy Fri Mar 20 09:46:27 2009 CDT #
Rob Dawg says:
Before anyone gets all hep on the "sun rising in the east" meme ask Jim Rogers how much he's lost on that bet.
Rob Dawg Fri Mar 20 09:47:03 2009 CDT #
Jay D. says:
.........for Japan ,downtown Tokyo apartment prices plunged to 1/10 of peak value when nikkei was around 33,000......their bubble was much more severe than US one ......
Jay D. Fri Mar 20 09:49:43 2009 CDT #
ac says:
The kind of power shift Jim Rogers is always blathering about only occur after all-out war, with the former alpha male defeated or damaged. Think the U.K. after WW I and II.
That's a big elephant in the room that people rarely talk about.
Looking at all the anger around the world that's developing and seems to be focused at governments and domestic industry, I'm starting to understand why politicians ultimately find themselves turning to war time and time again - it's a means to focus the growing popular anger on something external instead of something internal.
ac Fri Mar 20 09:50:20 2009 CDT #
Rob Dawg says:
Man, are comments closed or something on huffington, dkos AND denninger?
Rob Dawg Fri Mar 20 09:52:07 2009 CDT #
Cinco-X says:
Uh Oh! Maybe we're next!
Parent Post
Cinco-X Fri Mar 20 10:16:20 2009 CDT #
ac says:
.........for Japan ,downtown Tokyo apartment prices plunged to 1/10 of peak value when nikkei was around 33,000......their bubble was much more severe than US one ......
But their bubble was much more concentrated in the financial sphere - i.e. it was more of a paper phenomenon.
The US bubble had much more spillover effect into the real economy including the production of gross excesses in real estate as well creating a structural dependence on borrowing resources to sustain economic activity.
In a lot of ways I think our bubble was much more dangerous even if it was smaller on paper.
ac Fri Mar 20 09:54:08 2009 CDT #
Anonymous says:
For more crazy political antics, go to http://www.numbersusa.com and watch the video of Nancy Pelosi in California last week praising illegal immigrants as heros.
Anonymous Fri Mar 20 09:54:31 2009 CDT #
Michael says:
Pelosi is an enemy of the state.
Parent Post
Michael Fri Mar 20 10:06:29 2009 CDT #
Counterpointer says:
purple - that's the previous model. The next wave is geoeconomic, not guns and bombs. It will be just asa significant. If not more so.
Watch bonds, currencies. I am.
C
Counterpointer Fri Mar 20 09:55:02 2009 CDT #
Rob Dawg says:
Jay D. says:Today, 7:49:43 AM PDT
...for Japan ...their bubble was much more severe than US one ...
We are only two years in. Way too soon to say that. I also don't remember tent cities outside Nogato like we have in Sacramento.
Rob Dawg Fri Mar 20 09:56:52 2009 CDT #
Cinco-X says:
Does Japan have a region comparable to California?
Parent Post
Cinco-X Fri Mar 20 10:17:17 2009 CDT #
nova says:
Counterpointer says:Today, 9:22:28 AM“Ok, to think through the demand destruction, contemplate this: who travels, why, and where's the capacity to pay these days?
FDIC
nova Fri Mar 20 09:59:12 2009 CDT #
MinniRenter says:
Dryfly... The Boondocks, I love it! The most depressing place in Iowa, I swear. I always cringe when the tank is running low on approach to Highway 20. This reminds me of the Hy-Vee discussions a while back.
MinniRenter Fri Mar 20 10:03:24 2009 CDT #
Broward Horne says:
". The next wave is geoeconomic, not guns and bombs"
Oh yeah, sez you and who's army?
http://news.yahoo.com/s/nm/20090319/ts_nm/us_afghan_usa_security
Talk to the hand!
Broward Horne Fri Mar 20 10:03:37 2009 CDT #
burnside says:
Rob, I understand in Japan the homeless are as concerned about appearances as are the more fortunate. Without looking rather closely, it's hard to recognize someone has fallen off the edge - they're well-groomed, and they couldn't possibly panhandle.
burnside Fri Mar 20 10:04:11 2009 CDT #
Counterpointer says:
Broward - I meant real guns and bombs, not expeditional operations.
C
Counterpointer Fri Mar 20 10:11:36 2009 CDT #
cd says:
blue horseshoe is loving srs
cd Fri Mar 20 10:13:19 2009 CDT #
Comrade Janosik says:
To all the people that take solace in how China is not to be spared...
I've said it before and I'll say it again...they will as they have always done turn inward give the west the finger and get back to work...will it be hard, yes but it isn't exactly a picnic there anyway. Having their oligarchs crying for some of their evaporated wealth won't threaten the unity of China as whole one bit...
They still be laughing at our little "democratic" experiment centuries after it's over.
Comrade Janosik Fri Mar 20 10:14:46 2009 CDT #
Anonymous says:
For all the righteous indignation at American International Group Inc. spewing from Capitol Hill this week, you would think Congress had played no role in creating this mess.
http://www.bloomberg.com/apps/news?pid=20601110&sid=aZF2IroA_gUY
Absofuckinglutly that filty bunch of whores.
Anonymous Fri Mar 20 10:18:09 2009 CDT #
Broward Horne says:
"I meant real guns and bombs"
I'm pretty sure they're using real guns and bombs in Afghanistan. Gad, can you believe I can spell Afghanistan now without a spellchecker? How wrong is that? What next, I'll be able to spell Kazeckastan right?
Broward Horne Fri Mar 20 10:19:34 2009 CDT #
CRbot says:
New Thread: General Growth Faces 5 PM Deadline
http://www.calculatedriskblog.com/2009/03/general-growth-faces-5-pm-deadline.html ( 0 comments ...You could be FIRST! )
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CRbot Fri Mar 20 10:20:37 2009 CDT #
nova says:
Another bit of doom posted.
excerpt:
I look back now and remember the next month as the “Month of Scavenging.” Partly for the future move, partly to find food to get us through the future. Historians will write that it was this period when we reached the tipping point. The graves from that time will provide the punctuation to the death sentence that the collapse of the American food transportation passed on so many of our citizens. It was beyond ugly. It was Leningrad. Except the only enemy that surrounded us were our own greed, hubris, and incompetence. That, along with the cold, was sufficient to kill us in droves.
for more: http://afterthecrash.net
nova Fri Mar 20 10:21:43 2009 CDT #
Counterpointer says:
Anony - don't pull the punches, tell us what you really think.
C
Counterpointer Fri Mar 20 10:23:18 2009 CDT #
Jay D. says:
......Rob Dawg & ac.....you two missed single important point..... when Japan was in trouble , the rest of the world neglected ....they were just alone in dire strait situation ....now global rate cut race continues.....at least the problem is no more US aone......
Jay D. Fri Mar 20 10:23:35 2009 CDT #
Black Star Ranch says:
Repost from Yesterday:
"Last Tuesday, as President Obama got off the helicopter in front of the White House, he was carrying a baby piglet under each arm. The squared away Marine guard snaps to attention, salutes and says: "Nice pigs, sir." The President replies "These are not pigs...these are authentic Arkansas Razorback Hogs. I got one for Secretary of State Hillary Clinton and I got one for Speaker of The House Nancy Pelosi." The squared away Marine again snaps to attention, salutes and says, "Excellent trade, sir."
Black Star Ranch Fri Mar 20 10:24:35 2009 CDT #
Counterpointer says:
Ok, so yet again I open the offer from CapitalOne, and it says nil rates for a year, then 9.9% thereafter. Page two, kerrist! They can add 6.65% to the APR, and 19.65% if I skroo up.
Predatory lending is not even close to being wound up.
C
Counterpointer Fri Mar 20 10:30:09 2009 CDT #
Guest says:
Yesterday looked into booking several hotels in Vancouver, Orlando and even Quincy, Il. Very pricey still, business travel is tough but airline cost were sharply lower. We are looking into going to several trade shows this year and still making decisions whether the costs are worth it.
Guest Fri Mar 20 10:30:35 2009 CDT #
doug r says:
Vancouver is in the middle of Olympic fever and the start of a real estate collapse. If the prices are outrageous now, try booking for say, March 2010? :-$
Parent Post
doug r Fri Mar 20 11:58:28 2009 CDT #
Counterpointer says:
Guest - so, where's your stop/go point? At what point do do and your firm say fk it, not worth it?
C
Counterpointer Fri Mar 20 10:36:06 2009 CDT #
Lobbyi$t Ben Dover says:
"Predatory lending is not even close to being wound up."
Another soft victim language for sucker. :-$
Lobbyi$t Ben Dover Fri Mar 20 10:51:06 2009 CDT #
Clotario says:
Is there a spike in late 2002 around 9/11 time?
What's up with that?
Clotario Fri Mar 20 15:13:32 2009 CDT #
END