Comments on: Real Homes of Genius: Today we Salute you Beverly Hills. When the 90210 Simply Isn’t Enough.

By: Lawrence Kudlow

Lawrence Kudlow — Sun, 08 Jun 2008 23:08:55 +0000

Everything is FINE!! We are GOING TO BE O.K.!!!
Pay no attention to that man behind the green curtain.
Everything is beautiful, in its own way,
the stocks will rise, and it’ll be a sunny dayyyyyy!
Ha Ha! Suckers!!!

By: Longwaver

Longwaver — Sat, 07 Jun 2008 02:59:21 +0000

Nothing novel about these financial threats…

If your house burns down once every 80 years and you put in sprinklers in 1928, did the sprinklers actually do anything useful for last 80 years?

The fire is lit… The next bubble to pop is faith in Uncle Ben…

By: Scott

Scott — Fri, 06 Jun 2008 21:45:44 +0000

I booked a trip on the California Zephyr ( Amtrak) last week for Christmas. Gotta book early if you wanna a roomette. Now, after today’s stock market action I wonder if I won’t have the whole car to myself and will I look out my window and see hobos on freight trains by Christmas. They say generals always prepare to fight the last war and are inevitably caught off guard when the next one comes. So too, it seems are our financial commanders. While they installed ‘circuit breakers’ on the stock exchanges and created a Plunge Protection Team ( which might be out in force on Monday) after the 1987 stock market plunge and the crisis of LTCM in the 1990’s who’d have thought they needed a ‘commodity bubble force’ to battle the one sided market in oil or a ‘real estate bubble/plunge
protection team’ to guard against the other crisis rocking our economy? All the agencies we set up to guard against another 1929 worked wonderfully for almost
80 years but now the ‘next war’ appears to have arrived and we must scramble once again to find a way to defend ourselves against an onslaught from novel financial threats.

By: problemwitcaring

problemwitcaring — Fri, 06 Jun 2008 21:05:00 +0000

Dr. HB:

I agree that “People are going to get a slow and painful education between needs and wants.” There were some pople on a talk show who signed up to learn about saving money. An objective observer had to come in and show them that they waste more food (and $$ on food) in a few months than some poor people in this country spend all year.

They load up on groceries every week, pilings the SUV high. They cook separate meals for everyone in the family. No one ate leftovers. The kids would eat a few bowls of cereal from a box, and then leave it to go bad.

Multiply this a thousand times and you get a clue about home morally bankrupt and truly fucking in denial we are as Americans.