Tucson pics 4 / 4

I will post pics from Thanksgiving in the next few days.

Meanwhile on the planet Mars

They've opened the most expensive, exclusive hotel EVER, the Atlantis (Dubai)




Cheapest room is about $370 a night in June. That's not too baD CONSIDERING THERE WAS NOTHING THERE IN 2000. They had to built the island...

Excellent timing, excellent name

The first four door Porsche, the Panamera!

Tucson Pics 3 / 4

There was a cycling race in Tucson. The police doesn't close down roads, cyclists have to use the right lane :-)

Armstrong didn't participate ... they test on drug (ab)use

Naomi and Lisa went on a 90 minute horse walking trip.

The worst performing REAL 'HARD asset in the world

Rhodium

$10 000 in July 2008, now 4 months later, -91.5% ... $850

Just an example how devastating those last few months were.

and ... the USA goes all in

Bush admin., Federal Reserve pledge $800 billion to loosen credit for consumers, businesses
The latest federal moves raised U.S. commitments to contain the financial crisis to nearly $7 trillion.

At this rate, the government needs a bailout: We can't afford the Citigroup deal(the government's credit is disappearing)

It's all or nothing now.

The "evil look" baby

It doesn't solve anything but it offers some relief (for me personally anyway)

Ah, the good ol' days, when the US only had a $4 trillion national debt...

Obama 2008, the aftermath

Tucson Pics 2 / 4

We went to downtown Tucson and visited the Children's museum.

Look what we made

The entrance to our resort: Hilton El Conquisatador.

Our breakfast, Jamba Juice!

There are still some jobs available

Let's meet Kimberly
ABC News
(first 20-25 seconds = commercial)

Tucson Pics 1 / 4

Now it is clear that Americans are broke and don't want to stimulate the economy we thought it was OUR duty as immigrants to boost the economy. We took a weekend long trip to Tucson, about 2 hours South of Maricopa/Phoenix.

A nice sunrise in Maricopa (+/- 6:30 AM)

An American entrepreneur

We found a nice playground and lake in the city of Tucson.

Who cares about Lehman or Bear Stearns... here comes the real deal, the MOTHER of ALL bailouts... CITIGROUP

Let's see how much of the 700 trillion dollar derivatives pie they have on their books. Me thinks that $700 billion for Citigroup won't do the trick...

Aren't we fortunate that Bernanke's subject of expertise as an economist is

The Great Depression.

"Surprise" Rate cut tomorrow?

Question of the day

Will the CEO of Goldman Sachs in the USA give back his "2007 bonus" of 106 MILLION dollars?

Who in their right mind would want to own a company that pays the CEO 106 million dollar in bonusses. Those times are gone, no shareholder will keep up with that. They will be paid a few hundred thousands a year for the next decade. Nope, the good times for Wallstreet are finally over.

I don't think Buffett timed this one well: GS

It was never my intention to make this an

economics blog...

But the changes we are going through are so life changing for each one of us that I have to report about these disasters.
They way the politicians are handling this situation is totally ... out of control.

Their actions lack any basic economics logic.

Congress is owned by corporate America. Using 700 billion, they could have given EVERY family in the US $7000. That is at least the mortgage for 3 months, now that money is going to bonusses of CEO's on Wallstreet. It is a DISGRACE!

Let's revisit the bailout list

This was the list of 2 months ago, September 16th, 1 day after Lehman Brothers collapsed.

UPDATE in italic
FED's Bailout list
Bear Stearns: check
Fannie Mae: check
Freddie Mac: check
AIG: check
Washington Mutual: check
Citigroup: insolvent, laid off 53000 employees Monday, no one knows how much they got from the Treasury, will probably be bailed out this weekend by Paulson and friends with OUR money, 6 dollar stock
General Motors: GMAC bankrupt, GM is insolvent, bailout is imminent, cash for 4-6 weeks, 2 dollar stock
Ford: insolvent, bailout combined with GM and Chrysler?,cash for operations for 4-6 months, 1 dollar stock
Airlines:

Bankrupt Iceland ... predicted ... the CARRY TRADE for dummies

Recorded in April 2007, 19 months ago!
From my favorite reporter Max Keiser:

Maricopa Weather

WaaaaaaaaaaaaaaaW

Is it time to close the National money hole?

Monthly trip

As a family, we want to take a monthly trip in Arizona. This year, we visited Sedona and Tucson. This weekend we will be going to Tucson again. We'll be staying here.

All trips are bought through priceline.com, the roulette of travel. This hotel resort was $60 a night.

Pics will be posted Sunday.