plymster
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I think you're out of luck. The web site says it's all sold out. http://townhallseattle.org/calendar.cfm?trumbaEmbed=eventid%3D82229575%26view%3Devent
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Once a nationalized bank like that were in place, depositors would flock to it, and those other banks would just fail. True, which is why they'd have to form some sort of lending facility for non-financial corporations only (short-medium term…
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I keep hearing chants of "nationalize", and it scares me. Every day, we get reports that xyz bank is surprised to discover greater and greater losses hiding in their acquisitions. Should the US nationalize without having the vaguest clue as to how…
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In the end, I think that governments will eventually have to just allow banks to fail, and depositors to lose their savings. -- sniglet I tend to agree. Governments won't be able to prop up the banks with the trillions necessary. Those that…
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The single biggest reason for lack of private investment during the 1930s was uncertainty over FDR's intrusive governance in the economy. This is the elephant in the room. -- FreedomLover Then let's look at other recoveries. The recovery af…
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Actually, any public works project is going to need white collar workers. If you're building new roads, you need people to order materials, audit books, make signs, plan schedules, etc. It's even more white-collar-centric when you look at more com…
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After the New Deal was enacted in early 1933, employment definitely rose, manufacturing and GDP definitely increased, and the vicious cycle deflation definitely ended. -- West Side Billy Well put argument WSB. I wish everyone could see the f…
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I'm pretty sure there won't be a lot of hiring be either Boeing or Microsoft this year, so both should see 2-5% decreases in staff just through retirements and departures. Attrition reduction, basically. I'm sure that's what their thinking, b…
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I'm just wondering at what point do the unemployment numbers become a real problem. I suppose it depends on how you measure unemployment. Shadowstats has it near 18%. U6, the broadest measure of unemployment, has it closer to 14%. Plus the…
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I think that if there were any conscientious regulators or employees on Wall Street, they either STFU, or got walked out. There was a story on NOW on PBS recently about one such fellow at Standard and Poors, Frank Raiter, who was a managing directo…
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I concur, Aubrey Cohen is by far the most objective of the local RE reporters. I would argue that he's more objective that you are, Tim. It would be a shame to see him go. Just don't behead each other, okay.
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I agree with Mukoh. Much as I like RCC's "suit frogmarch" hope for the future, the past 30 years have proven that this will not be the case. No resources are devoted to prosecuting white-collar crime, even though it is arguably the most damaging t…
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I agree with Lamont and RCC. Right now, there is no money for investment in startups or new tech; it's all being parked in treasuries. When trillions of dollars are being "invested" at 0% interest for 3-months at a time (the going rate for 13 week…
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This only my opinion, but it's at least as valuable as the other claptrap I'm reading about this topic. The New Deal did not make the Great Depression longer or shorter, but it did do two important things: It redistributed wealth from the wealth…
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Anecdotally, my wife and I moved this summer because our former landlord was tired of losing money on the house he bought in 2005 by renting to us. We found a newer, more spacious home in a better location about a half-mile away for a little less m…
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I still don't know why we haven't seen a decent short-covering rally..... Bear Capitulation. I stopped investing after every move I made got the wind sucked out of it by the chronic 20% swings in the financials (40% in the ultras) in less …
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This is just plain smart. Maintaining quality and keeping slow, steady growth without exploding on the scene is the sign of mature leadership. Overgrowth has been the number one cause of every company meltdown I've seen in the past 20 years. Tu…
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CKT, I don't think you're full of it. I think you may be right about the short term, but like you say, any short term gains will probably be lost as noise. Realistically it depends on what kind of short term you're talking about, too. Months? W…
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Number of sales might go up, but inventory will skyrocket as people are no longer able to refinance their way out of foreclosure. They'll have to do something, and fast. I would also bet that as interest rates rise, there will be an even greater…
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Here's another harbinger of the coming recession: fewer illegal immigrants caught at the border... Illegal crossings echo U.S. economic health
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Alan's absolutely right. The whole H1B thing is a total scam. MS and other tech companies like H1Bs because they're trapped like rats and have no leverage unless they plan on working in another country. If MS were serious about getting better loc…
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From http://www.reuters.com/article/ousiv/idUSWEN717320070427 Microsoft deferred about $1.7 billion in revenue from its second quarter to its third quarter to account for upgrade coupons given to customers prior to the January launch of Vista an…
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Woo Hoo! Real Estate is slightly better than when Seattle suffered massive job loss, and a recession targetted specifically at it's key industries! I'd be willing to bet that our numbers were better than they were during the Great Depression, to…
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Here are two more indicators for you: Condo Conversions (and later Condo reversions) Massive increase in local housing starts (and crane rentals)
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It seems that Asian immigrants seem to be a large part of the RE bubble in the US, particularly Indian and Chinese. If you look at the particularly bubbly areas (West coast, Boston, DC, Denver, etc), these are mostly areas of high Asian (Indian and…
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That seems pretty unlikely. Seattle isn't exactly crawling with illegal immigrants. Even if it were, would you expect the number of illegal immigrants coming to Seattle was greater over the past 5 years? If so why? And even if Seattle were s…