But no, our housing market is different, our economy is resilient. Home prices can only go up. Isn’t that what they all say?
Well, it turns out that Dubai was not that immune after all. Interesting article on the Wall Street Journal site:
DUBAI — This city’s six-year property boom appears finally to be over, with asking [...]
Dear Lord can you believe the size of Denise Milani's chest mountains? Talk about your twin peaks... BA-BUM-DUM! Thanks for coming out - I'll be here all week - try the veal! Annnyyyyways, gotta love this gal, she's been trotting out her all natural treasures for a little while now - and still hasn't gotten all dirty about it. The girl has some class - she teases - but doesn't show all the money.
News:
25-08-2008:
The Shadrane release date is coming. Posted on MySpace some samples from the upcoming release:
Vivien Lalu, Joop Wolters
Just check out the hot array of talent on the album:
* Göran Edman - Vocals
* Vivien Lalu - Keyboards
* Joop Wolters - Guitars, bass
* Matt Bissonette - Bass
* Gregg Bissonette - Drums
Special guests
...
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Summer brings with it an array of many fruits ,vegetables and herbs - each plant basking and feeding off the warm glow of seemingly endless days. With such an abundance of life giving light - is it any wonder that strawberries thrive in these months?picture courtesy of Bahadorjnpicture courtesy of MR+GThe fleshy sweetness invokes heavenly sighs when coupled with special desserts. Biting into t
When will I have time?This is only part of the materialIf you've been a Blogicito reader for awhile, you can probably tell that I don't struggle for ideas to write articles about. Just the opposite. As a gringa having spent most of my life in a different culture, everything in Honduras is interesting, novel, and sometimes shocking to me. I have many interests and I have an (usually strong) opinion
A recent post on the International Herald Tribune’s blog “Raising the Roof” mentioned a recent report put out by CB Richard Ellis on the condominium market in Panama City. The report, which can be found here, has some interesting statistics related to the current market in Panama City, including the fact that there [...]
Never one to let Jessica Alba steal her thunder, Star magazine is reporting that Tori Spelling has been taken to the Cedars-Sinai Hospital in L.A. for her scheduled C-section. The 90210 actress is "bursting with excitement," according to one insider who clearly did not understand what a disgusting image that quote evokes.
Tori's operation was scheduled to take place at 11 am PT and the 35-year-
Even previously immune housing markets like Seattle and Charlotte are finally coming down.
According to CNNMoney:
Bulletproof housing markets get hit
NEW YORK (CNNMoney.com) — Some of the last, best housing markets - the ones that continued to climb even as the rest of the country cratered - have turned south lately.
Seattle, Portland Ore., Charlotte, NC, and [...]
Bursting Bubbles 1.0
You can burst groups of three or more bubbles. You get exponentially more points from bursting larger groups of bubblesYou can get large groups by rearranging the bubbles. Large groups are especially important in puzzle mode.
To move a bubble just left click on the bubble and left click again [...]
There's been more talk recently about the commodities 'bubble' bursting. This chart (DBC - commodity ETF) would suggest there might be a leak in the bubble but the rounded top doesn't suggest that any bursting is going on. This is a chart of DBC and it's components can be seen below.Year-to-date, DBC has done well bouncing off of its 50 day moving average, which may present a good entry point - needless to say it's back down near it's 50 day MA. If you use moving average as an entry point make sure to place a stop under said MA. If this level is breached (your reason for entering the trade) then you should exit the trade immediately. Keep in mind that this is primarily a commentary on the chart - there are a lot of fundamentals that need to be considered. A large portion of DBC is mad
This from the Miami Herald:
1 in 97 Florida households in foreclosure
The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday.
Florida [...]
Halle Berry was out and about in Hollywood yesterday to do a little shoe shopping. The 41-year-old new mommy showed off her post-baby figure in a cleavage-bearing Popular: 1 days 11 hours 14 minutes ago source: (celebglitz.com)
How To Join Green Thumb SundayGreen Thumb Sunday BlogrollOr checkout Green Thumb Sunday on Technorati After just over a month of being planted the fruit trees in the orchard are at bursting point All 16 trees have taken and are at various points of growth. With the weather expected to warm up next week I bet there will be much more to see soon.
According to the New York Times:
DUBLIN — The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices swooning from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India.
This synchronized global slowdown, which has become increasingly stark in recent [...]
This is from the Economist:
Britain’s property boom turns to bust: prepare for a hard landing
Prices, which had been drifting slowly lower over the winter, have started falling more rapidly and dropped 2.5% in March, according to Halifax, part of HBOS and the country’s biggest mortgage lender. The biggest monthly drop since September 1992 prompted widespread [...]
If you’ve been following my posts for a while you’ve probably read my thoughts on the Chinese stock market (two quick reminders for the ones that haven’t are attached at the end of this post).One of the topics I constantly wrote about come 2008 was the Chinese stock market and the high price levels it had attained.High inflation and interest levels combined with a less than perfect stock market (mildly put) brought me, as it did many others, to believe the 2008 will prove to be a turning point for the Chinese market.High hopes were placed on the Olympics to stabilize the system but as every novice game theorist knows when a premise like that is common knowledge than each individual always has a dominant strategy to go and sell a bit early to avoid the mass sales to follow. I’m gues
To the list of speculative market bubbles popping around the world, add this: Thai religious talismans. The talk is about so-called Jatukam-Ramathep-Amulets with magic Buddhist powers, originally only from one temple in Nakhorn Sri Thammarat. As Phuket, my home, is not very far from this Souithern Thai city, a lot of the elder male generation here bought such amulets and many are wearing them. I personally think the Jatukam Amulets with their inscriptions from (Hindu) mythology and oversized format look rather gaudy, and Buddhist magic has little place in my personal understanding of Buddhism -- but who am I to tell the Thai people about Buddhism?The popularity of the amulets, known as Jatukam Ramathep, goes back about two decades. Depending on who tells the story, they are named after eit
Since when is a can of vegetables a WEAPON that deserves two years in a prison system that is already bursting at the seams with murderers and rapists and pedophiles?
2 UI students charged with throwing cans from 6th story window
IOWA CITY, Iowa (AP) -- Two University of Iowa students who police say threw cans of food from sixth-story dorm window have been arrested.
William John Rinn
Cheryl Tweedy's boobs bursting out of a satin blouse.
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A well studies description of many issues surrounding personal law.Robert-Arthur:Menard gives a seminar on The Illusion of the Person, what Words in Law mean, Consent, Acceptance, Honor & Dishonour, Bills ... all » of Exchange, and more! This guy's good... and quite funny.If the Law states the facts as Menard shows we can easily understand how Global Acts are bypassed Nationally and Internationally.
The Los Angeles Times had a great article about this:
Prices of condominiums, which dominate the downtown market, have fallen more sharply here than in Los Angeles and Orange counties overall, according to DataQuick Information Systems. More than one-third of the residential projects approved by city officials have been sidelined.
Downtown’s defenders say the area simply is [...]
Here is Paris Hilton again wearing a stuffed bra and showing a fake bursting cleavage at some celebration event.She miss lead us so many times that makes no point to keep wondering if she got fake boobs or she is just wearing the wonder-miracle bra.All I expect from this is to see a nipple popping out, but instead I think an upskirt incident is going on.
I have been trying to post a video of the storm yesterday that we experienced in joburg. Simply the storm was so strong that the Storm water reticulation in the streets was insufficient for the amount of water so any option for the water to escape was takenClick here to see the video
I have been trying to post a video of the storm yesterday that we experienced in joburg. Simply the storm was so strong that the Storm water reticulation in the streets was insufficient for the amount of water so any option for the water to escape was takenClick here to see the video
by Ben Stein"It's all relative." You've probably heard this before, and it's true of everything except right and wrong.But it's especially true of economics, and it's doubly true of all the recent scare-talk about the economy.Simply put, the media and the short-sellers on Wall Street are trying to scare us into having a recession. Since the nice people who read this have some interest in facts and figures, here are a few reasons why things aren't so bad.Heavy LaborFirst, the housing correction.Now, it's true that we're having a very large housing correction. It may be the sharpest fall-off in housing starts as a percentage of the prior peak that there's ever been in the postwar era.But housing is only about 5 percent of the economy at most. If it falls by half or a third, that's a big drop. In an economy like ours, though, where there was a severe labor shortage before the housing correction, the labor shortfall can be readily absorbed by other sectors, and it is.Real unemplo
Even the Realtors have to admit: home sales and prices are dropping in California
According to the latest report from the California Association of Realtors
LOS ANGELES (Dec. 21) - Home sales decreased 36.2 percent in November in California compared with the same period a year ago, while the median price of an existing home fell 11.9 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
"While it is normal for sales to decline at this time of year, regional sales fell more steeply than usual because of the ongoing liquidity crunch and tighter underwriting standards,†said C.A.R. President William E. Brown.
The median price of an existing, single-family detached home in California during November 2007 was $488,640, an 11.9 percent decrease from the revised $554,500 median for November 2006, C.A.R. reported. The November 2007 median price fell 1.7 percent compared with October's $497,110 median price.
"The large decreases in the statewide median price of th
Gemma Atkinson bursting cans at the Ultimo Store opening in Glasgow.
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Amazing Grace - Sun Bursting through clouds and treesSun bursting through cloudsRecently I watched the movie “Amazing Grace”, an excellent movie about the abolishment of the slave trade in 18th century England. It follows the political work of William Wilberforce, a politician in the House of Commons. This photo reminds me of the theme of the movie – though all evils and tribulations of this world, God and goodness will triumph. The bright Sun, shrouded by cloud, seems to be bursting forth from its corner of the sky, spreading the Light to all corners of the globe.This photo gains its impressive and triumphant effect mainly because of the parabolic nature of the image – the picture seems to have been taken with a “fish eye” lens, creating an effect of bulging in the centre. Surprisingly, I took this photo with a simple point-and-shoot Kodak C330 digital camera, and didn’t use a fish eye lens at all!The trees in this photo create a natural frame for the picture. The gum tr
From GuardianWhat an interesting remark. Christopher Dodd, chairman of the US Senate banking committee, yesterday said Ben Bernanke, chairman of the US Federal Reserve, has agreed to use "all of the tools at his disposal" to restore stability to markets.Agreed, in this context, sounds like "agreed with one arm twisted behind his back" because the Fed was speaking a different language only a week ago. Then William Poole, the central bank's man in St Louis, said it would require "a calamity" for the Fed to intervene.So, in one week, or five trading days, the Fed has made a complete U-turn. The fixed-income markets, which were anticipating US rate cuts a week ago, got it right: in a crisis, the Fed always cuts rates, it knows no other way.Yet it is also dawning on financial markets that the Fed has left things horribly late. Stephen Roach, when he was a senior economist at Morgan Stanley, used to veer between ultra-bearishness to enthusiasm for the economic benefits of globalisation. Now
From CNNLoans will go bad, deals will be canceled, fortunes will be lost. The sudden end of cheap financing is wreaking havoc on the buyout market, says Fortune's Shawn Tully.(Fortune Magazine) -- Michael Psaros is ready to pounce. Perched in his office atop Manhattan's MetLife Building, with its sweeping views of Central Park and photos of the sun-splashed Greek isle of Chios, home of his forebears, the 40-year-old is convinced that the spreading wreckage in the buyout world will serve up the best deals of his life.Psaros is a managing partner of KPS Capital Partners, a firm that specializes in buying and rebuilding troubled industrial companies. A contrarian with a keen eye for market trends, he sold eight of his 11 companies as he watched the private equity frenzy mount over the past 14 months. "The prices were incredible," marvels Psaros. "The market is completely out of touch with economic reality." Now he's poised to move back in. KPS just raised $1.2 billion to buy companies
A sane person surrounded by insanity will at some point, question his or her own mental health. Examining the past decade of housing especially from Southern California, the epicenter of the...
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...with pride. My little girl graduated from elementary school today. She gave a commencement speech in front of three-hundred people. Received the Presidential Award for Academic Excellence, and a letter from the President. (Had to explain to both girls that it's still okay not to like him.) Maintained a 4.0 average all through her elementary years. Just accepted into the Honors Program at
From India DailyChinese stock market is falling like a stone. The Indian stock market fueled by American and European financial institutions faces the biggest bubble burst in the history.The CSI 300 Index dropped 292.52, or 7.7 percent, to close at 3511.43. After the government tripled the tax on share trades to 0.3 percent, Chinese stick market has tumbled 16 percent from its May 29 peak.Indian and other emerging markets are in deep trouble too. The fuel there comes from American and European financial institutions who have gathered in the shore of Mumbai to reap apparent benefits of Indian economy after failing to gain much in their own respective turfs. The bubble burst will be known in the history as the biggest financial meltdown in the history Western financial infrastructure.[Read more]
In an effort to gain a better perspective on the new home market, I whipped up a few charts that visually demonstrate the extent of the decline to date.Since 2007 represents the second year into the down-cycle of residential real estate, I thought it might be helpful to illustrate how far we have come since the end of the up-cycle by charting how the current double digit year-over-year declines to permits, starts and sales are aggregating.For each of the following charts, the columns show year-over-year changes, on a monthly basis, while the line shows the current month compared to the same month in 2004.The key here is that year-over-year changes to permits, starts, and sales have remained in high double digits and although it’s too early to say whether the declines will grow even larger in the coming months, the fact that they remain in the high double digits for the second year running is significant.Remember, we are well into the period where these various measures began to regis
I just listened to a great lecture of a warm and inspiring man, economy professor Jeffrey Sachs. It was the first part of his Reith lecture series to the royal society broadcasted by BBC radio 4.In his opening lecture, "Bursting at the seams", he talks about the problems of our new unsafe time that are slowly engulfing the planet. We are facing man made global challenges that require global and joint measures. Before we had cold wars and it was us against them, now it is us against us. Governments and individuals have to change. Sachs has an optimistic belief that we can change and that if the right choices are made there might be a solution to the mess we have created. In his later talks he will present concrete plans for solutions.Listen to his first Reith lecture here.
DailyMail
Last updated at 17:45pm on 27th November 2006
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To paraphrase the title of one of her best-known hits - oops, she forgot it again.
Not only her bra but her fashion sense appeared to have deserted Britney Spears once more as she stepped out in this eye-popping outfit together with her more modestly-dressed pal Paris Hilton.
The green skimpy frock bore a striking resemblance to a fig leaf and covered little more than the real thing.
Bystanders gawped as she threatened to spill out of the dress, which boasted a gaping neckline slashed to her waist.
Perhaps her newly-single status shortly after splitting from husband Kevin Federline meant she was keen to let her hair down.
Or she may have been anxious to show the world she has been unaffected by the break-up.
Either way the 24-year-old threatened to let more than her hair out as the pair tottered on heels into the celebrity hangout Hyde in Hollywood.
With their arms firmly interlocked, Miss Hilton, 2