Six Months Later: Open House Picks 6/15/07

okay you financial whiz kids out there. what happens when (if?) china lets the baht loose from the dollar? will it be hyper inflation? if so maybe we should all be buying real estate after all.

“he no doubt lives in some ghetto apartment. he has a right to be angry. in fact, i think it would be a nice gesture this holiday season if the brownstoner community held a fund raiser for “the what” so he has the means to get out of his crack den.

Nope, that’s why I have your Mom here for, she sucks off the transit workers for 5 bucks. So getting crack is no problem.

And to all the humpheads out there, I don’t have to write anything else. We are in full meltdown. Yeah laugh mothersfuckers! While your Pension, 401k Plan or Money Market Fund is turning into shit. To watch the the movie “Enron: the smartest guys in the room”. While the big boys was cashing out, the employees could not sell there stocks. When the smoke cleared, they was FUCKED! So keep on assholes, I will be laughing my ass off for years to come.

Please check your investments! Make sure there is no bullshit.

The What <--- Keep On Keeping On Someday this war is gonna end....

Here are some fun headlines to match the What!

+ Lloyd Blankein bonus $70MM
+ Dick Fuld bonus $35MM (just stock piece)
+ Lehman bonus pool +10%
+ GS bonus pool +25%
+ GS bonus pool bigger than Bear, Stearns market cap
+ Lehman CFO $6.5MM (just stock piece)
+ Lehman CAO $6.5MM (just stock piece)
+ Blackstone to start $1.3Bn fund to invest in distressed securities
+ Abu Dhabi invests $7.5n in Citigroup
+ GIC & others invest $13Bn in Citigroup

Its horrible what’s happening to real estate in the US where spec buyers and others are getting crushed – however NYC real estate and the NYC economy march to the Wall Street drum. Look up the stats and/or consider why the city lavishes tax breaks on Wall Street firms to stay in NYC rather than move to NJ e.g. GS/JPM moving to WFC (no cynics – its not corruption its the fact that every Wall Steet job supports 3 other jobs in NYC)

If Wall Street dodges this bullet without mass lay-offs (not the paltry amount we’re seeing now, I’m talking 90’s style 25-30%) then NYC real estate dips and rallies hard. Don’t listen to people like the What who are reading the newspapers – if its in the newspapers its already happened; people are salivating at the opportunities to make money. That is why they are where they are and the “What” is – well – wherever he is…

“The US dollar is becoming increasingly worthless.”

…on the approach to the coming Greater Depression. During this depression, the USD will become increasingly valueable. Don’t get is twisted. The USD will rebound.