Harry, you are a confirmed Geogist. Most of us aren't. IMHO, it's us who are
bubbling and doing our little dances in response to the little Fritzes who are
manipulating us through the market. And yes, I wouldn't deny that land values
have something to do with it, but it's gone far beyond those values.
Ed
----- Original Message -----
From: Robert Stennett
To: [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED] ; Ottawa ; 'Cordell, Arthur: ECOM'
Sent: Thursday, February 21, 2008 4:09 PM
Subject: Re: [Futurework] FW: America's economy risks meltdown
On Feb 21, 2008, at 3:47 PM, Harry Pollard wrote:
<Some stuff deleted>
Look out, here comes the bubble!
For the first time, I’ve seen an economic analysis that revealed to a
startled world that it isn’t increases in the cost of bricks and mortar that
have led to less and less affordable housing – it’s the land that is bubbling.
If anyone is interested, I’ll find and post it.
Meantime, we’ll call it a financial catastrophe, a banking problem, a
currency crisis, an unregulated mortgage industry disaster, anything but what
it really is – land-value speculation.
Harry
Harry, I'd love to see the economic analysis you mentioned in your posting (a
very good analysis in itself, I think).
Thanks.
Barry
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