09-17-2008, 05:05 AM
I'm completely with Dick on this one. We're not only seeing the financial disaster of a lifetime but the biggest theft in human history. The cynicism among policy makers is hard to be believed.
We've a long long way to go before this is over. I suspect we won't see much approaching order till well into 2010, that the major indexes will slide near 30 percent before the bottom, and the housing market has got at least another 25 percent to go--and that will mean a market where there are still few buyers who are either willing or able to take a house one. Locally for Hawaii the major impact will be huge budget shortfalls due to the more or less evaporation of income across the board. Locally, I think this will be the most significant issue and much need services will most certainly be cut. A lot of people who are hanging by a thread are finally going to fall through the cracks.
I'm investing in Taro and Uala, mostly.
We've a long long way to go before this is over. I suspect we won't see much approaching order till well into 2010, that the major indexes will slide near 30 percent before the bottom, and the housing market has got at least another 25 percent to go--and that will mean a market where there are still few buyers who are either willing or able to take a house one. Locally for Hawaii the major impact will be huge budget shortfalls due to the more or less evaporation of income across the board. Locally, I think this will be the most significant issue and much need services will most certainly be cut. A lot of people who are hanging by a thread are finally going to fall through the cracks.
I'm investing in Taro and Uala, mostly.