Thursday, July 16, 2009
Wednesday, July 15, 2009
Official State Meal of Oklahoma
The official state meal of Oklahoma:
Ummm... Gross?
MEAL: fried okra, squash, cornbread, barbecue pork, biscuits, sausage and gravy, grits, corn, strawberries, chicken fried steak, pecan pie, and black-eyed peas.
Ummm... Gross?
Housing Market Crash
Here is an article about Bob Shiller, a guy who "predicted the demise of the housing bubble."
I predicted the bust too... Why aren't they writing articles about me? I started this blog in 2007... I found a post from September talking about the housing bust.
I distinctly remember telling people to get their money out of real estate and into stocks in early 2005, right in the middle of the bubble. I also remember thinking that the bubble was going to pop as early as 2004, which was a couple of years off.
So why are they not writing articles about me? First off I am not an economist. Secondly I did not make millions of dollars off of the housing bubble and bust. If I had thought to short CDOs and MBSs I certainly would have done so, and likely made a pretty penny.
My complaint isn't really about why they aren't writing articles about me. I just don't see what's so special about predicting the housing bust. When you have people taking out huge adjustable rate mortgages it seems pretty common sense that when rates adjust people are going to start to default. That is exactly the argument I was making in 2005.
Instead of celebrating people who have common sense maybe we should be ridiculing people who got caught up in the frenzy and spent their live savings on investment properties to flip? People can be really stupid. Myself included. I did the same thing in the dot com bubble. But I learned my lesson.
I predicted the bust too... Why aren't they writing articles about me? I started this blog in 2007... I found a post from September talking about the housing bust.
I distinctly remember telling people to get their money out of real estate and into stocks in early 2005, right in the middle of the bubble. I also remember thinking that the bubble was going to pop as early as 2004, which was a couple of years off.
So why are they not writing articles about me? First off I am not an economist. Secondly I did not make millions of dollars off of the housing bubble and bust. If I had thought to short CDOs and MBSs I certainly would have done so, and likely made a pretty penny.
My complaint isn't really about why they aren't writing articles about me. I just don't see what's so special about predicting the housing bust. When you have people taking out huge adjustable rate mortgages it seems pretty common sense that when rates adjust people are going to start to default. That is exactly the argument I was making in 2005.
Instead of celebrating people who have common sense maybe we should be ridiculing people who got caught up in the frenzy and spent their live savings on investment properties to flip? People can be really stupid. Myself included. I did the same thing in the dot com bubble. But I learned my lesson.
Monday, July 13, 2009
Monday, July 06, 2009
Sunday, July 05, 2009
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