<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:georss='http://www.georss.org/georss' xmlns:gd='http://schemas.google.com/g/2005' xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-22096533</id><updated>2011-04-21T13:50:37.357-05:00</updated><title type='text'>Spantosaurios</title><subtitle type='html'>There is no way out. Warning! This is a depressing journey...</subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://theorybitch.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/22096533/posts/default?max-results=100'/><link rel='alternate' type='text/html' href='http://theorybitch.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><author><name>uterdrich</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>1</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>100</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-22096533.post-114004973337255345</id><published>2006-02-15T17:38:00.000-06:00</published><updated>2006-02-15T18:43:49.963-06:00</updated><title type='text'>The low interest trap</title><content type='html'>Farewell, Mr. G! Bon Voyage and adieu Seniore Greenspan! Thank you for this 19 years of prosperity... but prosperity?&lt;br /&gt;&lt;br /&gt;A few days ago, I visited with a dear friend who lives in Dania beach. Paul, whom I have known for just over a decade was hosting a gathering celebrating his daughter's birthday. Later that night, I was introduced to mademoiselle Volimay who had just moved to the neighborhood. Between glasses of red and white wine I learned that her new 1 bedroom apartment went for a little over a quarter of a mill. To be precise, 276k. Although, nothing outrageous these days I was somewhat surprised that a building I am familiar with and that has no special attributes would be valued that high.&lt;br /&gt;&lt;br /&gt;More wine and more fingerfood and about an hour into the conversation I also learned that she got mortgaged in approximately 250k with an already sky-high personal debt of 35k. In other words, Ms. Volimay was now the proud owner of a tiny space where to house her fabuluous butt (yes, she looked good) and a colossal IOU. When the party was over (not the Greenspanky party), I noticed madame "black hole" leaving on a brand new sedan. Make it a colossal, unpayable debt.&lt;br /&gt;&lt;br /&gt;Her story is nothing but the story of hundreds of thousands if not millions of americans who are only one paycheck away from bankruptcy. How we got to this point I don't know but I do know that something does not add up. Every day, I see this kind of waste in orders of magnitud. Have we lost our minds? Are we a nation without a tradition which relies on misplaced values that only further consumption? Are we caught in a gigantic conspiracy created by the rich for the rich?&lt;br /&gt;&lt;br /&gt;You got it. I have no clue, neither my answers matter.&lt;br /&gt;&lt;br /&gt;I will never know what are we all about. But when I cannot see the beaches or the blue ocean while walking on north-beach streets because they have been walled behind spectacular high rises that go for 1.5 million a bedroom and when I see the owners struggling for a little bit of sun (on the sand) at their ocean front properties after 2 pm -the high rises block all sun at the beaches soon after midday-, I know we have gone too far.&lt;br /&gt;&lt;br /&gt;Next time will try to cheer you up :)&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/22096533-114004973337255345?l=theorybitch.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/22096533/posts/default/114004973337255345'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/22096533/posts/default/114004973337255345'/><link rel='alternate' type='text/html' href='http://theorybitch.blogspot.com/2006/02/low-interest-trap.html' title='The low interest trap'/><author><name>uterdrich</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author></entry></feed>
