April 11, 2006

HP'ers - here's some dots to connect. Now add more...

Ford Mortor (F)
Bush 1 - Cheney
ConocoPhillips (COP)

Posted by blogger at 4/11/2006

15 comments:

Anonymous said...

Wow, I almost dropped my jaw when I saw this development. Of course, Trump is involved with this project also.

"The Palm Islands, also referred to as The Palm Dubai and The Palms, are the three largest man-made islands in the world, which are being built on the coast of the emirate of Dubai, in the United Arab Emirates (UAE).

Its concept was announced in May 2002 and the three resort islands are expected to maintain Dubai's position as a premium tourist destination. The Palm Islands is also the self-declared 'Eighth Wonder of the World'.

Each of the islands (Palm Jumeirah, Palm Jebel Ali, and Palm Deira) are being built in the shape of a date palm tree and consist of a trunk, a crown with fronds, and are surrounded by a crescent island that acts as a breakwater. The islands will support luxury hotels, freehold residential villas, unique water homes, shoreline apartments, marinas, water theme parks, restaurants, shopping malls, sports facilities, health spas, cinemas and various diving sites."

Check out the pictures on http://luxurytampabay.blogspot.com/2006/04/palm-islands.html

April 12, 2006 12:52 AM
Osman said...

What does this have to do with housing? Maybe you should change the name of your blog to "Panic - There Goes Everything, Now Click My Ads!"?

April 12, 2006 12:52 AM
Anonymous said...

So Conoco-Phillips is taking marketshare away from Ford? I thought it was Honda, Nissan, Hyundai and Toyota that were kicking GM and Ford's butt. That combined with the ridiculous union contracts dating back to the 1960's will bankrupt both companies.

April 12, 2006 1:02 AM
Anonymous said...

yeah, I told you Cheney rocks, he is the man. Made bank in the private sector.

April 12, 2006 1:38 AM
Osman said...

Maybe Anon, there should be *some* sense in these posts other than simple inflammation.

The fact that Bush Sr. (and Cheney?) met with Saudi royals, that F's stockprice has tanked (due to a long history of substandard products and massive "legacy" costs), and that COP has had a three year runup in share prices (related to rising energy costs) don't seem especially related to each other much less to the housing bubble.

And Keith posts, "any questions?". Yeah, I've got questions. How 'bout connecting the dots for us dummies in the backrow.

April 12, 2006 4:29 AM
blogger said...

* Our manufacturing base has disintegrated (ford)
* Oil is at an all-time high, as are oil company profits (conocophillips)
* Bush 1, Bush 2 and Cheney are age-old personal friends of the saudi royal family

Those are the dots. Connect them.

And by the way - GO CONOCOPHILLIPS!!! $$$$$$!!!!

Oh, if you want to add more dots, they're there for the taking

April 12, 2006 5:46 AM
Anonymous said...

We get most of our oil from Canada, Venezuela and Mexico.

Our manufacturing base eroded because we cannot compete with slave labor under the trade agreements (NAFTA, GATT, WTO) that were signed in the 1990's. Ford and GM making crappy cars doesn't help either.

Oil prices are at all time highs due to:
1. inflation - cement prices are also at all time highs. are bush/cheney also in the cement business?
2. India & China industrializing
3. they have to keep digging deeper to find oil. dayrates for renting deepsea oil rigs are very expensive. they already drilled the easy land wells the past 70 years

Try connecting those dots.

April 12, 2006 6:59 AM
Rob Dawg said...

Slap up graphs of Google and Enron and draw the reverse conclusion. Re; Ford and Connoco. The answer is the same for both; it is all about pricing power. CP has it and Ford does not.

April 12, 2006 12:54 PM
Anonymous said...

As a current Ford owner I pledge to never buy another Ford again. It's only GM for me.

Their stock price is in the tank because they experienced the SUV bust first with their substandard products. Next is GM because they are still hedging their bets on SUVs.

COP is going up because of the idiots driving around in SUVs...I put $40 in gas in my car (CAR) last night for 13.65 gallons. I can't imagine filling up a 30 gallon monster EACH WEEK. Buying gas is a direct transfer of wealth from a person to a corporation to the Saudi royal family. If they were smart they would be charging $6/gallon gas; if people still feel the need to drive around a gas-guzzling tank to look cool they should 'pay to play'.

Regarding Bush 1 and the Saudi royal family, I'd rather the US be friends with the country that is powering our economy. 'Nuff said.

April 12, 2006 1:06 PM
Osman said...

Ok Keith, you're explaining the dots. That's a good start. We're still waiting for you to tell us how they're connected.

April 12, 2006 3:32 PM
Anonymous said...

Regarding Bush 1 and the Saudi royal family, I'd rather the US be friends with the country that is powering our economy.

I'm not so sure they're just friends....

April 12, 2006 3:38 PM
Anonymous said...

Bake,
I just sold a house in that community in Stuart FL. It is called Martins Crossing. Lennar and Centex built there. My sell price was 349k. I paid 341k and carried it for 5 months and lost net $20k all in. That guy should just hit a bid, which will probably be between 325k and 350k, but he has to work it hard. It is 80% spec up there. Lennar knew this too.

April 12, 2006 3:46 PM
Anonymous said...

Bake, I read that article and emailed it to Keith. Hopefully he'll post something about it.

Stuart is a dump. Lennar/US HOme are building shitty homes that won't stand up to the test of time. Most of the 10 year old cookie-cutter subdivisions around here show their age very well; they are run down with cars parked in the yards, no grass, moss growing on the side of the house, and faded paint.

At least the owners have a new Chevy Tahoe though. What does it matter what you live in as long as you have a nice ride?

April 12, 2006 4:39 PM
Amy said...

The cooldown doesn't seem to be slowing the development in coastal Florida. I live in the panhandle and every other block anywhere near a large body of water has a 'condos coming soon' sign. Here's an article from the Herald-Tribune in Sarasota.

http://tinyurl.com/msgga

April 12, 2006 4:45 PM
Anonymous said...

I'm in the Panhandle, too, and interestingly enough the realtors here are insisting that property is going to skyrocket again in 2007. They say things will slow down this year and then take off like never before next year.

Personally, I think we are going to see an ugly crash here, with properties being auctioned off right and left and unemployment out the wazoo, but I didn't take a six-week realty course at the local night school, so what do I know?

April 12, 2006 7:08 PM

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