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  1. Dave, I am keeping my fingers crossed that Germany pulls out of Euro and then the value get clobbered so I can go on vaca to Greece, Portugal and Spain. It used to be sooooo cheap to go there. Who care about visiting Germany and France anyways.

  2. My post from yesterday’s “AUCTION” thread recapped…

    “Financial storm definitely passed.” – Bernard Baruch, cablegram to Winston Churchill, November 15, 1929

    “I see nothing in the present situation that is either menacing or warrants pessimism… I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.” – Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929

    “I am convinced that through these measures we have reestablished confidence.” – Herbert Hoover, December 1929

    “[1930 will be] a splendid employment year.” – U.S. Dept. of Labor, New Year’s Forecast, December 1929

    “For the immediate future, at least, the outlook (stocks) is bright.” – Irving Fisher, Ph.D. in Economics, in early 1930

    “…there are indications that the severest phase of the recession is over…” – Harvard Economic Society (HES) Jan 18, 1930

    “There is nothing in the situation to be disturbed about.” – Secretary of the Treasury Andrew Mellon, Feb 1930

    “The spring of 1930 marks the end of a period of grave concern…American business is steadily coming back to a normal level of prosperity.” – Julius Barnes, head of Hoover’s National Business Survey Conference, Mar 16, 1930

    “… the outlook continues favorable…” – HES Mar 29, 1930

    “… the outlook is favorable…” – HES Apr 19, 1930

    “While the crash only took place six months ago, I am convinced we have now passed through the worst — and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us.” – Herbert Hoover, President of the United States, May 1, 1930

    “…by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent…” – HES May 17, 1930

    “Gentleman, you have come sixty days too late. The depression is over.” – Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930

    “… irregular and conflicting movements of business should soon give way to a sustained recovery…” – HES June 28, 1930

    “… the present depression has about spent its force…” – HES, Aug 30, 1930

    “We are now near the end of the declining phase of the depression.” – HES Nov 15, 1930

    [fast forward]…

    “As I noted before, the market for Brooklyn brownstones bottomed at the end of 2009.” – DIBS May 5, 2010

    ***Bid half off peak comps***

  3. “go to Sears and get a good Craftsman set.”

    I forgot about Sears!
    I was just looking at home depot site and they didn’t have much.
    I’ll go to the Sears in the ghetto, Brooklyn.
    Thanks!

  4. cmu, the volume of wood growth in new growth vs. old growth I get directly from foresters. You can probably look it up somewhere. But that is just a sideshow — even if it weren’t true (which it is) the point of sequestering wood before it rots and releases carbon is still completelty self-sufficient as an argument for clearcutting old growth forests and sequestering the wood before it rots (and letting new growth develop).

    This isn’t about aesthetics. It’s about saving the planet. Which one matters more to you? Nah don’t answer, I think we already know.

    Impractical??? Do you disagree with the science (which is irrefutable) or the practicality? If the only remaining challenge is to find a way to sequester wood permanently, do you really think that a race of beings that can go to the moon can’t figure that out?

  5. Greece 2010 = Thailand 1997. SP500 corrected 10% in 1997 while the Thai Baht went from 25 to 50.

    Everyone just wished that greece was still on Drachmas so they could go in and scoop up a nice Mykonos place!!!!

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