Economic Mischief - Contrarian Political And Economic Analysis

Mr. "I Am Facing Foreclosure" shut his blog down. It's really ugly. I tell ya. The guy tried splattering his whole arguably legally dubious situation onto the Internet and it didn't work. More on this at Another FB'er ——————————— What I did was Stupid!! September 24, 2006. This blog was the WRONG kind of exposure. I APOLOGIZE to my friends, family, associates and especially EVERYONE WHO HELPED ME with my real estate transactions. I DO NOT BLAME ANYBODY for ANYTHING and take full responsibility. What started as an honest desire to share my experience turned into something dangerous - playing with fire. After talking to a business associate this morning I realized I went TOO far and shared TOO much. I turned something small into a big exaggerated mess. Others were telling me this too, but I wasn’t getting it. Now I crossed the line. I misused my ambition. I have damaged my reputation and I have damaged many good relationships through this. I never meant to hurt ...

Over at Mish's blog I've been having a lively inflation/deflation debate. Here's some of it. Ok I've heard the "Imbalances" argument over and over again. It has been popular for at least 20 years since Regan lamented about our national debt. Remember Ross Perot and how we did very well lamenting about the trade deficit back in the early 90s? Well, we're still here... The big hole in their argument is that on an interest rate basis and on a purchasing power parity basis, which are the ony two things that matter with regards to currency values, the dollar is doing fine. Europe and Japan are very expensive and interest rates are lower. It's as simple as that. China, India, Russia and Brazil are cheaper but nobody trusts their financial system to handle institutional size investments. Face it, no country in the world treats wealthy people better than the U.S (with the exception of Singapore, and Hong Kong) and they know it, which is why they keep their m...

http://www.financialsense.com/Market/daily/monday.htm Good article on why gas prices came down so suddenly. Seems to be a short term fix. After the elections prices will probably ricochet right back up again.

http://cbs5.com/topstories/local_story_264014839.html “Not only are Bay Area families moving inland in search of cheaper housing, but apparently so are Bay Area drug operations. Nearly 50 homes in the Sacramento and Stockton areas have recently been exposed as elaborate marijuana growing operations. Since Aug. 2, agents have raided five homes in Sacramento, one in Rancho Cordova, 19 in Elk Grove, and 19 homes in Stockton, three of which were raided Thursday. Marijuana growing operations in upscale neighborhoods are becoming a common problem in North Stockton. Police say that one bust turned up 500 to 600 plants in all, with rows of the plants filling the dining room and great room of the home. In the utility room, an elaborate electrical setup fed power to lights for growing. Authorities believe the operations have the markings of a regional crime ring capable of purchasing dozens of multi-million dollar homes and thousands of dollars in sophisticated equipment. Antioch real estate age...

Regarding these two web sites: http://www.buydanshouse.com http://iamfacingforeclosure.com/ Yes, Generation Y, you do not need to fear the first housing decline you've ever seen in your life times. That's because the panacea of all panaceas, the Internet, will save you. Just take your whole life and splatter it onto the Internet in blog format, add a litle Youtube, and Web 2.0 and everything will work out. Putting a blog up will generate so much interest that you'll get a buyer in no time! With all those pageviews to your website you might even be able to pay for your mortgage payments with Ad revenue!... Worked for the MillionDollarHomePage didn't it?