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Title: Obama’s Whirlwind Asian Tour Was An Epic Fail
Source: [None]
URL Source: http://chicksontheright.com/2010/11 ... lotus-got-some-cool-chatchkis/
Published: Nov 16, 2010
Author: chicksontheright.
Post Date: 2010-11-16 09:29:38 by no gnu taxes
Keywords: None
Views: 3675
Comments: 6

You know that whole Asian trip Obama took? Well, it was supposed to be a big ol’ “economic mission.”

Turns out that he struck out big-time. And hold on – that’s not a right-wing nutjob political blogger saying that. Nor is it Fox News. It’s the lamestream media, everyone. So, according to the left, it must be objective and true.

First, ABC News (hats off to Breitbart.com) had some choice words. In fact, they flat-out used a baseball analogy and detailed the three strikes Obama made at bat:

Aaaaand, then you have CBS, who called the G-20 summit and Obama’s failure to create 70,000 whole jobs an “embarrassing disappointment.”

But the trip wasn’t a complete loss, you guys. I mean, at least FLOTUS got a bunch of cool crap until she ran out of cash at the local market. Anyone else smell the symbolism there?

Fail.

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Begin Trace Mode for Comment # 2.

#2. To: no gnu taxes (#0)

Note how the Epic Fail bush43/OMFGPalin are plastered over your MSM?

But the very first time somebody takes out the loan for a nonproductive use, he starts the growth cycle. So think about all the ways we take out the loans for, essentially noneconomic reproductive uses, auto loans, mortgages… these are things where there really is no additional economic value. Once the house is built, it is built. And whether you and I trade it back and forth to each other taking out larger and larger mortgages, has no impact on the actual economy. Nothing is being produced in those subsequent transactions but higher levels of debt and money.

AA: It can’t go forever.

CM: Correct. For a while it can, that's for sure. But ultimately government borrowing in many cases is also very non-productive. To in the sense that US government borrows for military expenditures, builds a beautiful bomb, which creates a lot of economic activity, but then blows it up. So that there is no more economic activity associated with that bomb, right? Maybe there are even some destructive effects. But otherwise just the debt remains; nothing productive."

But TPTB/Top 50 000 can't do anything else. They're programmed to Failure.

mcgowanjm  posted on  2010-11-16   10:31:35 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 2.

#3. To: All (#2) (Edited)

Wonder how long it will take the words "Ireland Portugal Greece Austria" to appear in the Column to the right.

The old model of 5-year leases is already under pressure. The hot new trend in retail is "pop-up shops" that unload excess inventory for a few weeks and then close. Desperate landlords are accepting the crumbs of a few weeks' rent where they once demanded a multi-year lease. And it isn't just a low-end seasonal phenomenon: The Gap and Toys R Us are successfully using the pop-up model.

Similiar trends are visible in the resort/leisure sector. Constrained consumers are no longer willing or able to plunk down $250 or more a night for an upscale resort room, and once room rates drop below a certain threshold then highly leveraged hotels are no longer financially viable.

3. The built-in problem for all CRE is that as rents/occupancy/room rates decline, cash flow falls even faster."

And the Last China Xmas Boat has left harbour.

www.investmenttools.com/f.../bdi_baltic_dry_index.htm

And you can't massage Boat Pricing. It is or it isn't. It isn't. 8D

Even as the US has cock blocked the BRIC from the IMF again.

mcgowanjm  posted on  2010-11-16 10:36:11 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 2.

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