[V8] -C4 (Macro-scopic Audi Content)
Etdmail at cs.com
Etdmail at cs.com
Mon Oct 25 17:41:21 PDT 2010
Hmm .. Interesting, but also, all so very predictable.
Future market-makers and managers of America tutelaged in leveraging
a curricula's, loosely based on the "Seven Deadly Sins." Is there really
any wonder why many mock us for it today?
I too, predicted the breakdown on the realty and finance markets long ago.
With, the middle class incomes and standard of living, declining for the
past
30 years and all the newly minted MBA types designing, means and methods
to create an unprecedented transfer of wealth, from their friends, family
and
neighbors, those who had defined and help build this country. Through the
promise of owning a small piece of it, and later with the idea to
supplement
and/or try to compensate for their ever decreasing incomes and status.
Even after recent declines in value, many of the strong realty markets that
remain, still require TWO incomes to qualify for a reasonably livable home,
that is within a decent local school system. Where were all these potential
buyers going next? A state that would allow for multiple partners?
The "top 1 percent" of wages earned in the US – let's call them the market
('bubble') makers - (surely not good citizens) are for the most part, the
only
segment in the US population who have experienced - any real increase in
family wealth - (let's call it spheres of influence) over the past 30
years. To
the extent that they all now *earn* nearly 24%, of all of the total US
wages
(up from 9%, 30 years ago) and with no signs of slowing.
Which is completely understandable considering they are uniquely positioned
to
profit in declining realty (and other markets) at will, and cash in on
performance
bonuses, while profiting from the free capital (tax) infusions from those
who are
still wondering what to do with their (POINT) 401-K accounts. While they
are also
easily able sequester away, their ill begotten gains, in offshore
safe-havens.
Which begs the question, after taking all the easy money, off the table
where will they all go next? Ah, the land(s) of opportunity! - I fear, this
will
leave the majority, wrestling with ongoing dollar devaluation's, which will
have
much beloved V8 high-test, surging back to the $4.00/gal mark (perhaps
more)
before long! And may have many rethinking their V8's and trading them for
V2's?
Which direction should one point one of them !? :-)
I don't have all the answers and it's very easy to be a critic.
But surely, we don't all want to travel, this road to perdition.
Best,
~Ed
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