59 Feet Above Sea Level, Yet Underwater!

[DrYB/C]

1. A Town Drowns in Debt as Home Values Plunge
http://www.nytimes.com/2008/11/11/bu...ss&oref=slogin

p.s.

When our current deflationary debt deflation morphs into an inflationary debt deflation, chaos will rule the land. Apparently, the Obama team is cleverly and subtly preparing for the transition:

2. Obama Plans US Terror Trials to Replace Guantanamo
http://www.nytimes.com/aponline/wash...uantanamo.html

[grizam303]

Re: 59 Feet Above Sea Level, Yet Underwater!

Both links require registration to view.

[CanuckinTX]

Re: 59 Feet Above Sea Level, Yet Underwater!

Both links require registration to view.

I had no issue viewing either without signing in.

This is my favorite quote from the first article.

“Before summer, things were O.K. Not now,” said My Phan of Hailey Nails and Spa. “Customers say they cannot afford to do their nails.” She estimated her business had fallen by half.

When I moved to So Cal from Canada back in 02 I couldn't believe how many nail salons there were around. Even more than Starbuck's, this to me is one of those self indulgent luxury businesses (like all of the 'spas' that have popped up everywhere as well) that will feel the full brunt of this recession/depression.

I wish there was an ETF to short them.

[sn1p3r]

Re: 59 Feet Above Sea Level, Yet Underwater!

I was able to see the 2nd with no problem and I don't have a registration.

I don't want to jump to conclusions but Executive Orders, new Paramilitary Force and new Kangaroo Courts sounds all too familiar...only time will tell.

:confused: