US expert warns of fresh shocks (If Housing Price Continue To Fall)

http://www.ft.com/cms/s/0/31d8aba4-66b6-11dc-a218-0000779fd2ac.html ^ | 9-19-07 | Eoin Callan

[Freedom_Is_Not_Free]

Mini skirts? I pass through downtown San Francisco on a daily basis and I see a woman in a skirt MAYBE 2% of the time. I would say that 98 of every 100 women I see on a daily basis wear slacks or pants. Skirts and dresses died long, long ago. They may exist in the night club scene, which I never enjoyed.

But I could offer you a dollar for every woman you see in a skirt or a dress in downtown San Francisco and you by noon, you would be hurting for lunch money. Some in the tiny financial district, yes. Otherwise, the skirt is dead, let alone the mini skirt, unless you count all the guys in gay parades wearing dresses. ;-)

Don’t know when women quit wearing dresses, but that was about the only thing I liked about the 70s. I can remember young ladies (I ended the decade as a 21 year old) in very flattering sun dresses or other feminine outfits. Today, it is straight unisex. Young ladies dress like guys. Older ladies don’t dress much differently.

Who cares? The state of fashion is the least of my problems.

I do grieve for sloppy look today. I remember going to Las Vegas and seeing all the couples dressed like they were out for a night in Monte Carlo. Today, most look like slobs. Shorts, tank tops, flip flops, ripped jeans. Come as you are, I guess.

[Freedom_Is_Not_Free]

I don’t remember a “win” button. What was it?

[Freedom_Is_Not_Free]

What do you mean the rate cut isn’t working? The dollar is falling like a rock. It’s working great for those in gold, oil, or Euros. Of course, my cash pile just shrunk. :(

[VOA]

Robert Shiller, a Yale university economist, told a US congressional
panel that he feared “the collapse of home prices might turn out
to be the most severe since the Great Depression”.

So, when did Shiller know this was happening?

If he wasn't screaming about this two years ago, he was behind the curve.

Because even The Los Angeles Times was yapping about this looming
problem for the last couple of years.

[VOA]

I don’t remember a “win” button. What was it?

WIN...appeared as a button symbolizing:
"Whip Inflation Now".

During the Ford Administration.

They had no idea things could get worse.
Under Carter!

[HereInTheHeartland]

“A collapse in housing prices would make it easier for me to buy a house.”

Not much of a plus if you and 50% of your neighbors are unemployed though.
A stable economy is a hallmark of a stable society.
Banana republics are ridden with economic instability.

[ladyjane]

I am hoping that Shiller is wrong. Dead wrong. The guy is smart and he knows the housing market. But he’s not the pope.

[Freedom_Is_Not_Free]

Thanks for the reminder. I was in high school and just barely remember. But I do remember mom complaining about the price of milk and stake going up from one day to the next. That was brutal. Nobody wants a return to those days.

[cherry]

“stake” was a lot cheaper then....

[TexanToTheCore]

RE: skirts

Texas is different. A different country.