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A LITTLE BIT OF THIS & THAT!

June 22, 2004

Is the world into reading or what? It seems that everyone is writing or selling a book. I had to put in an order for Harry Potter’s newest book that will take at least a week: this after having already shipped 1.3 million books.

Oh yes, and then there’s Bill & Hill. She got $8 mil for her memoirs. Next year Bill gets $12 mil for his memoirs. That’s $20 mil from two people who testified under oath that they couldn’t remember anything! What memoirs!

Tuesday and Wednesday all eyes are on Alan. Will he lower rates .25 basis points or .50? The Fed has already reduced rates eleven times. There is only 1.25% left to go before the government starts paying us to borrow! I can’t wait. It’s a wild, wild market out there.

The housing BUBBLE is on the verge of explosion. Can real estate get any more expensive. I noted that the average home in San Diego now goes for more than $500,000 (average)! I also note that in 1Q 2003 we set a record for home foreclosures. The previous record was 4Q 2002. Get the picture?

Finally, there’s Venezuela. I guess I should rightly say there’s Castro’s son, Chavez. He’s supposed to grant elections in August but he’d lose so what do you think he’s going to do? I’m hearing the word stall. And then I’m hearing the world more revolt and revolution. It’s as though the people just can’t buy a break (it takes Dollars to do that and Chavez only deals in Bolivars).

PS. Dean was the latest of nine Democratic presidential hopefuls to make it official. He wants Bush out and he’s the only man for the job! Right!

Written by Ernie · Filed Under Daily Commentary 

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