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Posted on January 13 at 10:14 p.m.
Bank profits are up,real estate is up,construction starts are up,carbon emissions are up.Thanks to our great monetary policies, everything is up!Water? There's no economic indicator for water.
On D Is for Drought
Posted on January 12 at 10:49 a.m.
"Fear" being the operative word.
On Al Qaeda Fears
Posted on January 12 at 9:38 a.m.
Santa Barbara is place where all cultures can live together in harmony and set the example for others around the world. Happy new year to Osaama Siafi and a warm welcome to the new Goleta mosque.
All religions are celebrating the same "sun of god" going down at the equinox and resurrecting for a new day and new year. The rest is politics.
Best wishes to all.
On Muslim Wishes for Happy Holidays
Posted on January 12 at 9:28 a.m.
With water rationing in place, rich New Yorkers will be less inclined to buy second and third houses in California and the real estate bubble may begin to deflate. If the California bubble pops the rest of the nation may follow.
The market is very delicate since a large percentage of homes are still "under water" (punny). Also most people are buying with little or no money down and any increase in perceived risk will drive interest rates up.
If you look at the price curve of the "recovery", you can see the characteristic shape of a "bull trap" that occurs just before the long slide to the bottom.
If this inevitable scenario were to play out before 2016, Hillary won't get elected, and that would be a disaster.
On No Rain, No Water
Posted on January 11 at 9:05 p.m.
The truth about state water is not that it is supposed to result in an increase in the water supply, but only an increase in water department debt so that it is necessary to sell more water thereby enabling further real estate development.
On The Truth About State Water
Posted on January 11 at 8:54 p.m.
3,500 or more might leave by their own accord once showering gets cut short, not to mention the dead lawns. The real estate bubble might even pop.
Posted on January 6 at 9:59 p.m.
The answer to the collapse of the bubble is...
On Good Land for Development
Posted on December 23 at 9:53 a.m.
And 10% of our electricity came from decommissioning nuclear weapons.
On Diablo Canyon: Stirred Not Shaken
Posted on December 23 at 9:45 a.m.
Germany is switching from nuclear to coal:
Posted on December 22 at 10:01 a.m.
You're smoking coal if you think wind and solar can replace nuclear. California's carbon footprint is up 10% from shutting down San Onofre.
Santa Barbara Maritime Museum will celebrates its 11th annual benefit. ... Read More
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