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Whirled Peas? Cliche'. Visualize Speculative Excess
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: Whirled Peas? Cliche'. Visualize Speculative Excess
- From: Leigh Meyers <the.buffalo.in.the.midst@xxxxxxxxx>
- Date: Thu, 10 Jan 2008 17:00:36 -0800
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"My favorite story of the day so far, though, is the Australian real
estate holding company that bought no fewer than 700 American shopping
malls - I have a hard time imagining a better image of speculative
excess than that one fact - using funds from the commercial paper
market. They've got $3.4 billion in loans due for repayment on
February 15, and their chance of finding a lender to roll those loans
over just now ranks down there with the proverbial snowball in
Beelzebub's back yard. So the entire company is up for sale.
I don't imagine any of my readers cherish a lifelong ambition to own
700 shopping malls, but if I'm wrong, here's your chance."
http://thearchdruidreport.blogspot.com/2008/01/future-that-wasnt-part-two.html
- Thread context:
- Re: What happened to Robert Reich?, (continued)
- Dept of VA reporting 73,846 U.S. TROOPS DEAD,
Dan Scanlan Fri 11 Jan 2008, 05:30 GMT
- Whirled Peas? Cliche'. Visualize Speculative Excess,
Leigh Meyers Fri 11 Jan 2008, 00:51 GMT
- Quote, Disingenous... Style: Rumsfeldian,
Leigh Meyers Fri 11 Jan 2008, 00:35 GMT
- free market,
Jim Devine Thu 10 Jan 2008, 23:29 GMT
- Useful comment on "Obama's Economic Advisers" from m.c.,
Louis Proyect Thu 10 Jan 2008, 23:22 GMT
- Wendell Berry On Economic Despotism In The United States,
Leigh Meyers Thu 10 Jan 2008, 16:41 GMT
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