Great piece! Funny, everything I learned in Economics 101 and 201, don't EVEN match up, today! Those books and courses were like the Bibles, of Business, as I knew it! When I got to the part about H&M, it floored me! Now the secret's out! Why should I shop at Sak's when I can save a bundle at H&M? Same thing in any instance. Why should I buy high, when I can wait, until the real estate bubble bursts, which I hope it does, then maybe I can buy a condo in the sky!
Anyone, with a modicum of sense, is doing just that. I remember when real estate agents, were awarded after selling a million in real estate. Today, it's humdrum, because everything is selling at, or just below, a million. Leaves a little guy like me, on the outside looking in. Again, great piece. Thanks, for sharing it. --- In [email protected], "John C. LiDestri" <[EMAIL PROTECTED]> wrote: > > an excerpt from an interesting article in the NYT today: > > WHO among us could have imagined that the same forces of financial > ambiguity could at once choke the real estate market, Wall Street, > network television and Major League Baseball? Yet somehow a rippling > crisis of belief in the traditional ways of valuing so many things, > from mortgage-backed bonds to a joke written for Jon Stewart, > simultaneously grips many areas of American commerce > > > Shortcut to: > http://www.nytimes.com/2007/12/09/weekinreview/09goodman.html? > _r=1&ref=todayspaper&oref=slogin > Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
