100 Basis Points to Armageddon
July 20th, 2011
They are lost without a compass. They are up the river without a paddle. At the automatic teller without a pin number. They have no theory that has not been discredited. They have no experience which does not contradict them.
In 2006, they couldn’t see the crisis coming. In 2008, they couldn’t understand it. In 2009-2011, they couldn’t fix it. Their theory told them they couldn’t spot a bubble; it was obvious to just about everyone else. Even here on the back page, we warned readers. Then, the financial elite mistook the problem for a lack of ready cash. Practically every American household knew what the real problem was: too much debt. And the
FSBO, or for sale by owner, procedures are not that difficult if you know what you’re doing. I
Sales of 18 former Equity Office buildings in Petaluma has been grabbing headlines for the past 12 months, but another Petaluma portfolio of buildings in Redwood Business Park has changed hands.