Real Estate Outlook: More Markets Show Measurable Improvement

Mat
RE: A CEO of a large investment bank cmmiots massive fraud, enriching himself in the process. In this backwards country, the CEO uses his influence and connections to become the Secretary of the Treasury, where he then demands a blank check to bail out his former employer whose misdeeds have bankrupted the company. He also engineers a no prosecution policy, as if that were at all necessary anyway. He then works with the equally corrupt head of the country's central bank to dump these bad investments on the general public. And the corrupt Congress mandates that fraudulent accounting practices be enforced, lest the truth become too visible.In what backwards banana republic could such outrageous practices occur? Bolivia? No. Ecuador? No. Brazil? Heavens no. Give up? The answer: It is the United States of America.

Hunberto
By :By :the government sdliptuy gouged consumers and californians had to pay billions of extra dollars to have the lights back on.great deal for the electricity companies. I bet none of them gave any money to politicians in california?You don't even understand the parties. There were three groups of parties (ignoring traders). Producers, utilities and consumers. California forced utilities to buy power for $100 and sell it for $10. They did that until they ended up in bankruptcy. California then spent $20B of it's own funds guaranteeing the utilities buying power at peak times for $100 (or more) and selling it for $10. If they'd just allowed the utilities to sell electricity for $11 then the utilities could have bought it for about $5.you believe this even in the face of audiotapes and arrests of people who manipulated the market? Rate this comment: 0 0

Baloy
By :RE: I think we are all in the business of fdiinng quickie, easy solutions. They are the best. Printing is easy. No biggie. Just print and you are done. The hard part is what Scotsman is proposing. On top of this he requires people to watch the spending and really uncool stuff like this. Printing is easier. Out of cash go get it from the printing press. And then you can relax more and take in the sun rays. You do not have to worry or think too much.There is no alternative to EURO and USD. Basically all people have to be happy with the printing. They can also relax knowing that they hold the right currencies.who is printing? I thought we had gigantic debts? which one is it this week?by the way probably no president have ever done more to cut money from the budget than obama. he's cut probably almost ten trillion.

Sumi
there is almost nonhtig that a corporation can do that you won't defend.so purposefully taking supply off at peak times due to maintenance isn't cause enough for you?You really are dense. I'm not defending it (although what you're referring to didn't happen much). I'm saying the situation that allowed them to do that was caused by the legislation.What I've said is that standard economic theory would predict that the legislation California set up could result in situations where there were shortages. When that occurs, standard economic theory would further predict what types of things people will do. For example, they would predict price controls and actions by companies to get around the price controls. Both those things happened in CA.You could read a textbook from the 1970s and read about the types of things that occurred in CA in 2000-2001. So now do you have some understanding of the term cause? Rate this comment: 0 0

Bendhe
you did some home work, and this site is a departure for you. There are a cploue of things that go back to the military budget. Obama was elected because he said he would get us out of Iraq, and Afganistan. I heard a Republican refer to Afganistan as Obama's war. What I know is Osama bin Laden is dead, and another Al Quida leader in Pakistan is dead, as of this week end. The report from the military is that Al Quida is on the ropes. Wasn't that the goal? There is also a transfer of $2 trillion in hardware from us, to the Iraqis, and Afganies. We need to end our involvement, in a timely manner. We can redirect our military presense. The article you linked to is referring to the Panama Canal days. What's interesting to me is that the transfer of the Panama Canal to Panama never resulted in the catastrophy that was expected. Panama seems to be able to operate the Canal just fine. We can cooperate with foriegn governments without taking over. I think, in my opinion, Iraq, and Afganistan showed regime change doesn't happen. Columbia is another United States military disaster. We can't take kids, or insurance sales people, no matter how well trained they are, and put them in front of generational killers. A raid like against Osama, OK, but on the ground with people who kill for a living is really dicey. We can redirect military. We can redirect our budget.