Bernake is ready to step in to help the markets and prevent mortgage meltdown. He is worried that the subprime spillover will affect the rest of the economy. We are hearing he may cut the fed funds rate.
The the Fed now understands how profound the mortgage liquidity crisis is and will try to avert a catastrophic failure of the banking system.
Flying car avail for 90K. So, here it is the flying car from our future. Say hello to the Jetsons. Now all I need is 90K to get one. :)
The subprime spillover is now affecting the stock market. The liquidity crunch causes banks to fail and business to panic. The reality is that we have a twin decline in both housing and financial markets are subprime spillover casualties.
The housing market is affected by falling prices of homes. The rush to sell in both the housing market and stock market will drive down prices. We have a record supply of unsold homes and dramatic decline in people buying houses due to bank not extending credit.
I predicted that in 2007 terabyte drives would become available, also that they would be available in ordinary stores and for less than $500.
Well, here they are.
http://www.compusa.com/products/product_info.asp?pfp=BROWSE&N=200112&product_code=338299
In fact, today the 1TB drive at Office Depot is on sale for $319 down from a retail price of $399 and they work with both PC and MAC.
Step right up folks. Another prediction by hdrkid has come true. Alberto Gonzalez resigned today. He will be leaving September 16, 2007.
The debunkers laughed and laughed when I predicted it. Now they can claim it was obvious, but CNN says Gonzales aides at the highest level and other top-level officials knew nothing about the announcement in advance, Justice Department sources told CNN.
As usual the debunkers are wrong again.
A hot air balloon caught on fire. It was sad to see the small scale Hindenberg. As the fabric melted the balloon dropped like a rock...
Safety is a major issue when fabric and fire are so close. People fail to realize how dangerous they can be. Every hot air balloon is a flying fire trap.
Greenest Host uses 100% solar power. It is great to have a green web server. All the power to Greenest host.
Check out the new website about
John Bajak's Flux Cap. The website is called FluxCap. Learn how to build your very own Flux Cap with parts from Radio Shack.
Can we save energy with Compact Fluorescent Lights CFL?
Here is a test of three different light bulbs that fit into a regular light socket. The first is a regular incadescent "Edison" lightbulb, the second is a Compact Fluorescent Lights CFL "Tesla" lightbulb, and finally the third is the new technology Light Emitting Diode LED lightbulb.
All three are tested for light output and power consumtion.
The hurricane loves to smash things. Well, tomorrow it will smash the oil rigs in the gulf. Get ready for higher oil prices.
So sad for all the people who lost power and had their house smashed. MEAN DEAN we hate you.
185 mph monster Hurricane Dean is now hitting the coast of Mexico's Yucatan Peninsula. This megacane is doing serious damage to the whole globe. Mexican oil workers were evacuated from offshore oil platforms. This monster cyclone will do some damage. It seems that Mexico is going to get a double dose of Dean, first smashing the Yucantan Peninsula, going over the gulf and then hitting the Mixican Mainland.
What a terrible wind we have. And super storms will get worse with global warming. We can expect twice the normal number of hurricanes and far more cat 5 storms than before.
Even the foolish bambi deer know that winter is coming. They are eating and getting ready. You can feel the cold chill in the air as winter gets closer. I predict that things are going to be a bit chilly.
So dress warm!
This year, 2007 will have a record melting of the polar ice cap. As global temperatures go up more and more ice melts in the high arctic. This creates a major problem because we will see a rise in sea level affecting sea shores around the world.
When hurricanes hit coastal areas the damage will be worse. Also low level states such as Florida will be affected. However the worst problem is that the polar ice cap melting acts as a feedback loop. The more ice melts, the more area of water is exposed to solar radiation. Water soaks up heat like a sponge, where as snow reflects it. We could see some warm winters in the future.
I want to introduce bankers to a new breakfast cereal. It is called "credit crunch" and tastes terrible. Even flame broiled over an open flame or slowly simmered in milk, credit crunch is less substancial than snowflakes on a warm day.
We need to have a solid foundation for our credit market, not a house of straw built on a sand bar, which will float away at the first storm.
Terrible Tuesday, they call it. The market is DOWn over 200 points. As for the debunkers that make fun of my prediction, WELL.
It is time to realize that the stock market is crashing and all the debunkers can do now is say that my predictions were obvious. The same debunkers that laughed are now crying as their stock protfolios evaporate.
WAKE UP, market is crashing. I told you!
Today the price of gasoline was down to $2.59 / gallon. It was as high as $3.79 / gallon this year. It almost broke the four dollar barrier.
My prediction was that it would break $3/gal for gas. I made the prediction when gasoline was $1.87 /gallon. The debunkers laughed, and when it broke the $3/gal barrier they did the debunker flipflop and now claim oh, it will soon be over $5/gal.
Well, not so fast. It will break $4/gal in this decade, but not right away.
In sympathy following the disastrous decline of the US financial markets, European stocks recorded their largest drop in four years. We are seeing market meltdown across the board as record number of subprime mortgages enter default and banks are forced to sell foreclosed houses.
The world faces a grim economic forecast as mortgage meltdown in the US financial markets spreads like a disease to the rest of the globe. Most financial institutions have some exposure to the subprime debacle. Wall Street is now very wary of banks that loan money to people with less than stellar credit.
I predict that things will get much worse before they get any better. This is just the start of what will soon become an ugly chapter in our story.
It went DOWn only thirty one points in contrast to yesterday's 387 point drop. It has been a brutal week for traders. There is blood on the street - WALL STREET. It is almost unBEARable and that's no BULL. Right now, we are seeing a crashing market. Banks are closing like it is the great depression. George Bush is almost as popular as Herbert Hoover.
The last few weeks have been horrible with triple digit DOWn days. Soon, the stock brokers will be jumping out of windows like in 1929.
Yes, the architecture of the early 22nd century is mostly domes. Get ready to live in a dome home in the future. We see a brighter and better tomorrow coming. So get ready...
Here is a video of what people in 1939 thought the future would be like. They did not see WWII and the atom bomb. Makes you wonder.
Presidential candidate John Edwards had a few choice words for Clinton today about special interests versus the American worker. He is concerned that Clinton supports NAFTA and is pro big biz.
We are seeing the anger heat up before the candidates speak in front of the AFL-CIO. Edwards wants the US to help the workers and not big biz.
We have a bad situation with bank after bank shutting down. Today American Home Mortgage closed down and it will only get worse.
Many banks are unloading their foreclosed properties at fire sale prices. Things are getting UGLY!
Tom Tancredo says the US should hit mecca if attacked. I'm not kidding. He really said that.
Now if I make such a statement I loose my job. OH WEEEELLLL......
V2G or Vewhicle to Grid is a novel idea of using the power in plug in hybrids cars to be pump back through the powergrid.
SAY WATT?
Yes, you could use a Toyota Prius to power your house.
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