Posted on 08/23/2015 9:30:42 PM PDT by TigerClaws
Houston is like a chicken missing its head right now. It is running but doesn’t know why. Chemicals and refining are all I can see. Building continues.
IF and that is a big IF, Trump were to throw out illegals there would be a lot of blank spaces in the city.
Several months back the motel owners around College Station / Bryan area were saying they’d lost business. I know there are small motels in Caldwell that are having the same problem.
I saw an older lady on the news the other night, I think she was from Rice University, a so called expert on the energy economy...she said Houston will be devastated with foreclosures worse than the 70’s and 80s bust. This is if the price goes down to $25...and she believes it will.
“NASDAQ’s ugly. Here’s all of ‘em”
Wow it sure is, I wonder how bad Apple and the rest of Tech. will get hit today. I wish I had some dry powder to toss at some some Tech / Energy ETF’s when they hit bottom. There will be some major money to be made riding them back up. of course the big players are making a killing shorting them right now.
Maybe the doomsayers September crash predictions are on the money. And the Shemitah (sp) prophecy.
Building is nuts around here. Everywhere you go there are new high rises, new hospitals, new home communities, new fast food joints and new freeways and overpasses. I can go to a part of town I haven’t been to in three months and not recognize the place.
Today I was out I10 in Sealy and between Katy and Sealy the building is going crazy.
On the north side is Exxon that’s supposed to employ 5,000 people. If oil keeps dropping that number of 5,000 may drop a lot, too.
If all the illegals were to be deported home building and Shipley’s Donuts would come to a halt.
Wow, the Chinese stock market is down 10% just today. I wonder how bad it would be if the Commies hadn’t put trade restrictions on many of the fat cat company share holders. I see a slow down in So Cals hot real estate market (fine by me) if people didn’t get there money out of that market in time.
Hence North Korea’s war mongering. They’re nothing but a proxy for China. Also the weird explosions. Apparently a big explosion at a Japanese airport following on the heels of that other explosion at our munitions warehouse. 50 North Korean subs on the loose, and I believe the minisubs are also used for transporting special forces.
If my theory is correct, we’ll be seeing more “accidental” explosions.
Soviet war theory— and probably Chinese/NORK as well— requires an interlude of “accidents,” explosions, sabotage, “acts of God,” with no one taking credit, in order to create a sense of chaos and panic. These then escalate to terrorist attacks using proxies, for example, Russian or Chinese special forces committing terrorist attacks in the name of an Islamic or other terrorist entity. And this finally leads to the “Red Terror” portion, where we will know who is attacking us and why.
Don’t know if the Chicoms are pulling the trigger. But if we see more of these explosions and if the Chinese economy totally collapses or they think it’s going to collapse, I’d be really surprised if they didn’t start a war using the pattern described above.
I wonder what the mix of domestic vs foreign investors in the Chinese stock market is? I would think that domestic Chinese investors are less experienced riding out corrections, and thus more likely to panic.
ROFL
A historical fact.
RV parks in Schulenburg area (really everywhere around there) suffering from move out of oilfield workers.
bfl
“I think we’re going to have a 10% drop this week in U.S.. Major correction”
We are due for a correction, we have had a long run up, and the S&P 500 is selling around 19 times earnings, vs. the long term average of around 16 or 17. If there is a significant drop in earnings on the horizon, prices should drop even some more (in theory), and there is usually a bit of overshooting before prices settle at fair valuation. Even so we are not in bubble-bursting territory for stocks.
China is.
The US markets may even benefit from money fleeing from worse situations overseas.
The only money running toward Chinese markets is from the Chinese Government, and they are running out of kitchen sinks to throw at their problem. If their stock prices settle on fair valuation, figuring in their widespread fraud, it would be an epic bust.
The Dow was down about 680 a few minutes ago. Down 646 at the time of this comment (328 market time with a little over a half hour to go there). Extremely volatile.
3:28 market time, even (EDT).
http://www.ontheissues.org/donald_trump.htm#Tax_Reform
Donald Trump on Tax Reform
Click here for 10 full quotes on Tax Reform OR other candidates on Tax Reform OR background on Tax Reform.
One-time 14% tax on wealthy to pay down national debt. (Jun 2015)
4 brackets; 1-5-10-15%; kill death tax & corporate tax. (Dec 2011)
Cutting tax rates incentivizes a strong national work ethic. (Dec 2011)
Previously supported wealth tax; now supports Bush tax cuts. (Apr 2011)
Repeal the inheritance tax to offset one-time wealth tax. (Jul 2000)
Simplify tax code; end marriage penalty & other hidden taxes. (Jul 2000)
Opposes flat tax; benefits wealthy too much. (Jul 2000)
Personally avoids sales tax, but knows many people like it. (Dec 1999)
One-time 14.25% tax on wealth, to erase national debt. (Nov 1999)
Tax assets over $10 million, paid over 10 years. (Nov 1999)
I get the home building, but are you saying the cops are all illegals?
That’s funny! It just seems that Shipley’s used to get raided all the time and a bunch would be deported.
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