Archive - Oct 22, 2009 - Blog entry

As you can see, there are many things going on in the world and I am just trying to connect all the dots as best as I possibly can, focusing on the major trends that will shape our future.

Citi upped the rate on my CC to 30%. Do these guys get it that we hate them? It would appear not. These stupid practices will do this bank more harm then good. How many times will they shoot themselves in the foot? Once too many will be the answer.

MoveOn.org is not one of my favorite institutions. What really irks me about them are the lies and economic falsehoods they promote. Now they are agitating for the public option in the regressive health care bill as good old American "healthy competition." It's a lie and they know it. They've produced a silly video starring that well known expert on health care policy, Heather "I've-seen-you-naked" Graham. It's probably her best performance since Boogie Nights. The public option will kill health care in America.

Same as it ever was ...

The REIT space has seen share prices pop significantly in this extended bear market rally. This, along with a few financial shenanigans, seems to have masked the effect that a literal real estate depression has had on those entities which buy, sell, develop and hold real estate. The fundamentals and macro outlook are still horrendous, yet share prices have been elevated significantly. Ackman, from Pershing Square, has released his short thesis on the REIT Realty Income, and I throw my 22 cents in (it was 2 cents, but I levered up 10x), as well as offer another REIT with a greater cash flow problem...