tag:blogger.com,1999:blog-7539577136486286096.post2146222829797574556..comments2024-03-28T02:46:41.090-05:00Comments on Supply and Demand (in that order): Credit Crunch in the Non-Financial Sector? Chew on ThisCasey B. Mulliganhttp://www.blogger.com/profile/03317454408275318282noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7539577136486286096.post-32017023502993297172008-10-10T20:52:00.000-05:002008-10-10T20:52:00.000-05:00Who Says Capitalism Is Dying?Some good news:http:/...Who Says Capitalism Is Dying?<BR/>Some good news:<BR/><BR/>http://www.nytimes.com/2008/10/11/world/asia/11china.html?hp<BR/><BR/>"BEIJING — Chinese leaders are expected to allow peasants to buy or sell land-use rights for the first time, a step that could draw hundreds of millions of farmers more firmly into the city-centered market economy.<BR/>The new policy, which is being discussed this weekend by Communist Party leaders and could be announced within days, would be the biggest economic reform in many years and would mark another significant departure from the system of collective ownership and state control that China built after the 1949 revolution."<BR/><BR/>Read on.<BR/><BR/>Who says capitalism is dying?Donald Pretarihttps://www.blogger.com/profile/14493535232127084725noreply@blogger.comtag:blogger.com,1999:blog-7539577136486286096.post-44617325063351666012008-10-10T13:01:00.000-05:002008-10-10T13:01:00.000-05:00I read your article in New York Times. It is good ...I read your article in New York Times. It is good to hear a sane voice in these crazy times. I totally agree that the economy probably isn't in as bad a state as being purported. However, what worries me most is whether, the volatile reactions in Wall St. and other markets around the world might soon wipe away any positives we might have right now, if they persist. What do you think?Vivekhttps://www.blogger.com/profile/12017320492652193750noreply@blogger.comtag:blogger.com,1999:blog-7539577136486286096.post-69975019300995115812008-10-10T11:30:00.000-05:002008-10-10T11:30:00.000-05:00Where To Invest In A MeltdownI'm glad that someone...Where To Invest In A Meltdown<BR/>I'm glad that someone's prospering:<BR/><BR/>http://cityroom.blogs.nytimes.com/2008/10/09/hfo-as-the-markets-sink-one-club-introduces-the-1000-lap-dance-done-with-art/?hp<BR/><BR/>"The implosion of the financial markets seems to mark the twilight of the second gilded age. History may look back with scorn at $30,000 couches, $600-an-hour therapists, $25,000 hot chocolates and super Sweet 16 parties.<BR/><BR/>The Wall Street folks, you’d think, seem to be saying goodbye to all that.<BR/><BR/>Except, apparently, in one area: strip clubs (or “gentlemen’s clubs,” as they like to brand themselves).<BR/><BR/>“Since the market has been going down, our business has been going up — it’s unbelievable,” said Sam Zherka, the owner of the V.I.P. Club in Chelsea, who estimates that about 80 percent of his clients are Wall Street types. (You’d think the lawsuits would have dampened that, but it seems fine as long as they’re not entertaining clients on their work-related expense accounts.)<BR/><BR/>Mr. Zherka added, “A lot of guys are losing their shirts in the market, and they are coming in droves.”<BR/><BR/>Sounds like a great investment opportunity.<BR/><BR/>However, truthfully, you are correct, a lot of business is being done.<BR/><BR/>Don the libertarian DemocratDonald Pretarihttps://www.blogger.com/profile/14493535232127084725noreply@blogger.com