Or at least trying to keep track of everything...
I want to first give you an insight into what I've been reading this morning, then we'll see where it leads us.
As many of you know, I'm a believer that excess profits flow through to the real estate sector and have referred to Fred Harrison's book on the subject often (
http://www.amazon.com/Boom-Bust-Prices-Banking-Depression/dp/0856832545/ref=sr_1_1?ie=UTF8&s=books&qid=1267115867&sr=8-1 - it's a must read).
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Tags: California, China, healthcare, IMF, imf gold, Municipals, Real Estate, vudu, wmt
Commodities/Futures, Connect The Dots, Real Estate, Strategy/Allocation | | 
February 25, 2010 12:12 pm | 
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SACRAMENTO — Gov. Arnold Schwarzenegger proposed a temporary 1.5%
sales tax increase to deal with California’s worsening fiscal crisis,
which has created an $11.2 billion deficit in this year’s budget.
“We have a dramatic situation here and it takes dramatic
solutions… and immediate action,” the governor said as he called the
Legislature back into session to deal with the budget shortfall. “We
must stop the bleeding.”
http://online.wsj.com/article/SB122599664335505605.html
Posted by email from thehardtrade2’s posterous
SAN FRANCISCO (MarketWatch) — California Gov. Arnold Schwarzenegger
has proposed $4.5 billion in spending cuts and $4.4 billion in tax
hikes to close the state’s budget deficit, according to The Associated
Press Thursday. Schwarzenegger called for a special session of the
state legislature to address a deficit that has grown to $11.2 billion
in just six weeks, the AP reported
Posted by email from thehardtrade2’s posterous
California Governor Arnold Schwarzenegger proposed a 90-day stay on
home foreclosures in California … Schwarzenegger said he will ask
lawmakers to consider delaying foreclosures when he orders them into a
special session tomorrow to deal with the state’s ballooning budget
deficit.
Posted by email from thehardtrade2’s posterous
The proposition would allocate $9.95 billion to the California
High-Speed Rail Authority. Of that $9.95 billion, $9 billion will be
used to construct the core segments of the rail line from San Francisco to the Los Angeles
area and the rest will be spent on improvements to local railroad
systems, which would feed into the high-speed rail mainline. However,
the project would still depend on federal matching funds, since a $9.95
billion bond issue would cover at most half of the estimated cost of
the initial core segment.[3] The money will be raised through general obligation bonds that are paid off over a time period of 30 years.[3]
http://en.wikipedia.org/wiki/California_Proposition_1A_(2008)
Posted by email from thehardtrade2’s posterous
VALLEJO, Calif. — When the economic crisis deepened this fall, this
city already was losing scores of police and firefighters because it
could no longer afford the rich salaries and benefits it offered after
the Sept. 11, 2001, attacks. Now, with crime on the rise and tax
revenue sinking, this San Francisco Bay area city faces more cuts in
police and fire department budgets.
Posted by email from thehardtrade2’s posterous