Showing posts with label credit crisis. Show all posts
Showing posts with label credit crisis. Show all posts

April 18, 2008

How do you recognize a credit-card fueled city with a fake economy full of $30k millionaires? Just look to the credit scores of course


Here's a list of major cities ranked top to bottom by credit score. No surprises.

Want to see a bunch of $30k millionaires faking it on plastic? Head to Dallas, Houston, Phoenix, Atlanta, LA and Miami.

The cruelest reality will be when you have a debt-fueled fake city which also has the misfortune of being a REIC-infested housing crash city.

In other words, look out below in Phoenix and Miami.


Combine REIC layoffs, crashing home prices and a massive credit squeeze, and you'll be seeing "ultra lounges" closing down in droves, and the used car lots filling up with late-model 3-series.

And you know what? That's a good thing. Now who said the housing crash was all bad?

Minneapolis 705
Boston 704
Washington, D.C. 691
Cleveland 689
Seattle 688
New York 686
Philadelphia 686
San Francisco 685
Chicago 679
Sacramento 676
Detroit 675
Denver 674
Tampa 672
Miami 671
Orlando 671
Los Angeles 668
Atlanta 667
Phoenix 657
Houston 652
Dallas 650

April 13, 2008

IMF: "Food-Price Inflation May Trigger Starvation"


Thank you Casey Serin.

Thank you mortgage brokers.

Thank you realtors.

Thank you investment bankers.

Thank you Alan Greenspan and Ben Bernanke.

Thank you ethanol farmers.

Thank you George Bush.


Thank you General Motors.

Thank you Chinese communist party leaders.

And thank you American consumers and Wal-Mart shoppers.

You are now about to starve millions to death.

Hope it was worth it.


Donate to the World Hunger and Relief fund here. And stop using ethanol, stop buying Chinese crap at Wal-Mart and start connecting the dots.

April 12 (Bloomberg) -- Further gains in food prices would be ``terrible'' for the world's poor and throw hundreds of thousands of them into starvation, International Monetary Fund Managing Director Dominique Strauss-Kahn said.

Governments throughout Asia, Africa and the Middle East are seeking to combat food inflation and avoid social unrest by curbing exports or lifting import duties on basic food staples such as rice. Global food prices surged 57 percent last month from a year earlier, according to the United Nations, and the World Bank warns civil disturbances may be triggered in 33 countries.

If food inflation keeps accelerating at its current rate ``the consequences will be terrible,'' Strauss-Kahn told reporters at the IMF's semi-annual meeting in Washington today. ``Hundreds of thousands of people will be starving, leading to a disruption in the economic environment.''