A nice phrase, but it just means
"inject inflation". That's what central banks
are doing right now in Europe in order to slow down or prevent a
major panic. Some are temporarily
halting some various trades.
.."``The more prevalent the problems in the credit market
become, the greater the chance of an economic fall-out that would
lead to a more sustained decline in equity
markets.''"..more at the links
ed: electronic promises of money vs. tangibles in hand...hmmmm
Hey, zogger, I'll bet you'll like this in the spirit of watching things fall apart: Santa Clara county (south west of S.F.) has, for a few years now, suffered from little outbreaks of West Nile disease. Well, now the foreclosure rate is sufficiently high that a serious concern has become abandoned homes with unmaintained swimming pools in the yard, breeding mosquitos like mad. "Officials" are going around taking an inventory of these things to begin cleaning them up. Fun stuff!
In Berkeley, if you have an outdoor ornamental pond that doesn't support its own fish population, the Mosquito Abatement Zone comes by every few days and puts mosquito fish in it. The raccoons eat them, so somebody has to keep replacing the fish. We pay an extra tax for this and other abatement of open water. So, I'd imagine that the South Bay has folks ready to handle this. The Fire Department has wonderful aerial photos of the whole town, I have a copy as I'm a fire communications volunteer. You can very clearly see where there's a pool. They want to know so that they can suck water from it when fighting a fire.
I'm sorry to be so lazy as to not try to find the now week-or-so old local news piece (one of the tv stations, at least). I vaguely recall mention of them using aerial shots down there, as well. Maybe that will be a satelite image search someday: "'swimming pool' AND green" :-)
Also.... I'm a little weird about the idea that our city is spending our tax money to feed raccoons who, at least in my hood, are not the kindest neighbors to have. And, come to think of it, the one's I've seen challenging me to get off of my own sidewalk so they can pass -- they look a little bit too fat and happy. The possoms have the decency to share space in a friendly way but, trust me, you don't want to run into a raccoon at 3 in the morning in a dark yard. I'd assumed that was just due to the richness of pickings in an urban environment but, you're telling me, these guys are getting fat on government subsidy! Well, enough of that. I say we should lower our taxes a tiny bit and, in exchange, you have to find a private supplier of mosquito fish (or else we slap you with a ticket). And then we can turn around and cite you for an attractive nuisance that feeds the racoons. Did I mention that the tree you just planted promises to block my bay view in 30 years? Expect notice from my lawyer. I'm not sure you can correct the design of your pond though: I was thinking of petitioning the zoning board to designate it as a structure of merit (it was designed, i hear, by the third cousin of a famous architect).
As long as the inspectors are driving to this pool or that pool, they ought to be just throwing in a lot of those mosquito dunker tablets. I mean, what's to study, stagnant water that isn't being treated will breed skeeters, fullstop. They don't need to spend one second or one penny "studying" it. Then, whomever owns the property, the bank or some get rich quick sit in an office or Ac car all day real estate mogul-it doesn't matter, whomever- send them a bill for one hundred dollars per swimming pool, per visit by the county, if the additional treatment was necessary because the filters and pumps were turned off and the water wasn't being maintained. Advertise it in the business section of the paper,and the word will get out and folks will take care of their property better then. Cheap liquid soap will work for that matter. I know car oil will too, but that's getting too grody for a swimming pool..but soap or the dunks,. cheap, works, send them a bill if they are lazy. It's like you see these expensive homes for sale, no one living there, too cheap to even mow the lawn/hire it out.
Someone on CNBC today was saying the risk now could be deflation. I have heard this before that we could be in for a Japanese style deflationary period which is also very bad for economies.
Someone on CNBC today was saying the risk now could be deflation.
That's what I'm waiting for...use my VA home loan to get a reasonably priced condo. Prices are *way* too inflated now to survive an economic downturn. Just kick myself I didn't get a downtown Phoenix condo I was looking at 5 or 6 years ago for 60k that's now selling for 360k. The hirise condo scene got all trendy and the prices reflect that.
Too bad I can't afford to move back to my homeland, SF Bay Area, without winning the lotto...I'm a pretty good pool cleaner after all the slave labor in my youth.
Inject Liquidity
A nice phrase, but it just means "inject inflation". That's what central banks are doing right now in Europe in order to slow down or prevent a major panic. Some are temporarily halting some various trades.
.."``The more prevalent the problems in the credit market become, the greater the chance of an economic fall-out that would lead to a more sustained decline in equity markets.''"..more at the links
ed: electronic promises of money vs. tangibles in hand...hmmmm