patrick.net

What would break that psychology? What would make sellers realize that they are not going to get that price?

Already seeing it.. large well known employers like Sun Micro going under in 2009 as did Tandem and Ask Computers back in 'the day'.

Its been now 9 years since the Tech Peak in 2000 and so far there isnt "the next big thing coming from Silicon Valley" or wealth from stock options some have been hoping. Eventually the news of shrinking, VC funding, job force and employers will sink in.

Well Misstrail, Your right.. many from Hong Kong who settled in early to mid 90s were escaping the take over by Communist Mainland in '97-99. They thought HK was going to loose out and become a backward city in China. It turned out the Communist Party was more capitalist and pro-business friendly than the state of California. And since costs are less many tech companies have moved jobs overseas.

LOL! it wouldn't surprise me regarding the closure of malls. As was the case back in 1989-91, we had lots of distressed small retailers, restaurants, and night clubs which eventually went under.

China's growth accelerates to 8.9 percent in 3Q

http://news.yahoo.com/s/ap/20091022/ap_on_bi_ge/as_china_economy

8.9% under rough times isnt bad, more growth and jobs in China which
has a global impact...

... certainly will make double digit sooner them than us.

It's clear... China is taking our recovery, and we are giving it to them.

thomas.wong87 says

LOL! it wouldn’t surprise me regarding the closure of malls.

Yep, and it's already happening in a big way. Sunnyvale's ambitious $750M "Santana-Row" style retail/office/residential complex is now in foreclosure, without any finished space except that parking garage.

KurtS says

thomas.wong87 says

LOL! it wouldn’t surprise me regarding the closure of malls.

Yep, and it’s already happening in a big way. Sunnyvale’s ambitious $750M “Santana-Row” style retail/office/residential complex is now in foreclosure, without any finished space except that parking garage.

Indeed I heard that as well. Man, talk about wrong timing. It would have been sold out if it was done like 3 years ago.

stocksjustgoup says

It’s clear… China is taking our recovery, and we are giving it to them.

China didnt spend money on the banksters, rather on infrastructure. thats why their GDP is 8.9% in 3rd qtr.

thomas.wong87 says

Well Misstrail, Your right.. many from Hong Kong who settled in early to mid 90s were escaping the take over by Communist Mainland in ‘97-99. They thought HK was going to loose out and become a backward city in China. It turned out the Communist Party was more capitalist and pro-business friendly than the state of California. And since costs are less many tech companies have moved jobs overseas.
LOL! it wouldn’t surprise me regarding the closure of malls. As was the case back in 1989-91, we had lots of distressed small retailers, restaurants, and night clubs which eventually went under.

Hey t.w87: :)

Yeah, Marxist politicians, some well-known financial institutions, some corporations, and voters here in the USA, their thinking shaped by the 60's radical left, are in charge and are actually outdoing the communists in China. They don't think there's anything wrong with Marxism; they think the problem is that Marxism/socialism hasn't been *administered properly* in the former USSR and China and that's why its failed to one degree or another. So, things will actually be worse here in the USA as these folks attempt to outdo the Soviets and Red Chinese, if you can imagine that....

My across-the-street-neighbors in Irvine came here from China when Mao came into power. Their father was a general in the Chinese army prior to the communist take over. He and his immediate family came here at the time of the Cultural Revolution to avoid execution.

My dad was a Vietnam Vet. He told me that the Chinese communists, allied with Vietnamese communists (Viet Cong) beheaded anyone who didn't go along with their Party line in S or N Vietnam. Anyone: old grandmas, elderly men, their children - anyone who didn't kowtow to them was executed in Vietnam. A whole lot of deaths.

This country (USA) hasn't seen anything yet. The Marxists/communists rule by death.

~Misstrial

No, that's not quite right. Our problem is that corporations, especially banks, have turned the US into a communist system in which corporations get massive welfare (the $700B for banks is just a bit of it) and don't have to compete, and are not allowed to fail.

So it's not that we have state-run corporations, but rather we have corporations running the state!

And they use a false "left vs right" divide to conquer us. While we're arguing about everything BUT their takeover of government, they are busily looting the US treasury and leaving us all with the debts.

No, that’s not quite right. Our problem is that corporations, especially banks, have turned the US into a communist system in which corporations get massive welfare (the $700B for banks is just a bit of it) and don’t have to compete, and are not allowed to fail.
So it’s not that we have state-run corporations, but rather we have corporations running the state!
And they use a false “left vs right” divide to conquer us. While we’re arguing about everything BUT their takeover of government, they are busily looting the US treasury and leaving us all with the debts.

ty Patrick, I added "some well-known financial institutions" and "some corporations" to my post above.

And you are correct, there are those on both sides of the political aisle who are contributing to this.

~Misstrial

@dontgetit

BTW, things are going, we might be having “Inshoring”. China probably would offshore work to us…

Dont Get it, explain in-shoring? Does this mean that China will have to many jobs and not enough talent? or...are you referring to a influx of people from China picking up their properties and businesses bought during this downturn?

4X says

@dontgetit

BTW, things are going, we might be having “Inshoring”. China probably would offshore work to us…

Dont Get it, explain in-shoring? Does this mean that China will have to many jobs and not enough talent? or…are you referring to a influx of people from China picking up their properties and businesses bought during this downturn?

I was just kidding. Forgot to put the sarcasm cap on. Anyways, on a serious note, with so much T-bills, I dont care if they buy real estate, but I think their corporations are buying water/mineral rights all over the world. Thats pretty scary. Down the line 20-30 yrs from now, I think the country that controls the water/mineral can very well be the dominant one.

Corporations buying water rights in Bolivia did not work out so well:

http://www.pbs.org/frontlineworld/stories/bolivia/thestory.html

Misstrial says

No, that’s not quite right. Our problem is that corporations, especially banks, have turned the US into a communist system in which corporations get massive welfare (the $700B for banks is just a bit of it) and don’t have to compete, and are not allowed to fail.

Like I said before the "massive welfare bailout to banks" was to make your personal bank account along with other corporate, government and other business entity cash balances whole. The expected return of 'your' deposit with interest revenue to the bank by borrowers didnt happen since homeowners defaulted on their loans leaving your bank balance exposed to loses.

Had banks failed, your checking and savings account balance would have disappeared, along with your employers account who had payroll and vendor obligations. Local, state, and federal governments would be unable to pay its workers and we would be far worst. Yes! to big to fail.

Where do you think Apple, Intel, GM, State of California and Ma&Pop small business keep their money to pay their bills. And no they are not covered by FDIC or any other plan.

Sorry for the long explanation.

So it’s not that we have state-run corporations, but rather we have corporations running the state!

LIke some of Obama "friends" from the valley who keep talking about Solar and Clean Coal. While ignoring Nuke plants
which isnt in their interest.

dont_getit says

@dontgetit

BTW, things are going, we might be having “Inshoring”. China probably would offshore work to us…

Dont Get it, explain in-shoring? Does this mean that China will have to many jobs and not enough talent? or…are you referring to a influx of people from China picking up their properties and businesses bought during this downturn?

We can beg! but why would they want to ? whats in it for them ?

Mr. Robinson, who was wearing a cap and name tag identifying him as a survivor of the Japanese bombing of Pearl Harbor on Dec. 7, 1941, was a seaman first class on the battleship Arizona. The ship became a watery morgue for 1,177 sailors when she was sunk in the Japanese attack that sleepy Sunday morning 50 years ago.

"The shooting war is over, but the economic war has begun," said Mr. Robinson, after meeting the President.

- circ. 1991 meeting with President George Bush remembering Pearl Harbor.

If the Chinese are moving to anywhere outside of China, you will find them in Australia which does far more export business in raw material and food stuffs. Australian economy is also expected to grow,

Australia hikes interest rates
Reserve Bank of Australia is first of G-20 central banks to raise rates as financial crisis eases.

October 6, 2009: 5:31 AM ET
SYDNEY(Reuters) -- Australia's central bank raised its key cash rate by 25 basis points to 3.25% on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.

The Australian dollar jumped to a 14-month high and interbank futures slid as investors rushed to price in at least one more hike by Christmas, and rates above 4% in a year.

Markets elsewhere in Asia also moved to factor in expectations for more hawkish central banks.

The Reserve Bank of Australia's (RBA) decision made it the first of the Group of 20 central banks to hike as the global financial crisis eases and came as a surprise to many analysts.

Markets, however, had been abuzz with speculation about a move given the strength of recent economic data.

"The RBA had widely advertised it was near to edging up rates from their extraordinary lows, and now it's done so," said Rory Robertson, interest rate strategist at Macquarie.

"It will be a gradual move from an emergency rate of 3% to a still-easy 4%," he added. "If everything goes well over time, then we could get back to a more normal 5% in the next year or two."

Corporations buying water rights in Bolivia did not work out so well:
http://www.pbs.org/frontlineworld/stories/bolivia/thestory.html

Sure, not all pays the same dividends, but doesnt mean 100% failure. You cant really compare Bolivia to US or any other developed country:

"Bolivia is the poorest country in South America. 70% of its people live below the poverty line. Nearly one child in ten dies before the age of five. The Bolivian economy, never strong, was wrecked by hyperinflation in the 1980s."

"The water warriors who ousted Bechtel took control of the water system, vowing to run it as a human right, not as a commodity. But without new investment, they have been unable to improve or expand service."

So the capitalist Yankee comes into one of the poorest South Americans helps their nation migrate
from illegal cocaine industry, employes local workers to run the plants, create a distribution system,
teaches the population in a new trade to be self sufficient in return for a 15-17% return.

Now the local lefties "Warriors", students of Che, were angry enough to instigate economic coup d'etat calling it 'human rights'. Perhaps we should pull out such foreign investments, and let them starve for a change.

Horrible evil Yankee corporations!

"The Bolivian economy, never strong, was wrecked by hyperinflation in the 1980s.”

Were they even complaining back in the 1980s when they were shipping cocaine to the US raking in millions in profits.

I am so tired talking about this crap, when is Obama going follow through with his "Change" agenda and let the markets reset?

4X says

I am so tired talking about this crap, when is Obama going follow through with his “Change” agenda and let the markets reset?

Why would you ever think Obama is going to let the markets reset? Everything they have done is just throw money at problems - they are trying to reinflate the bubble. I don't mean this as political, but if you think Obama is going to let markets reset, you have been seriously mislead. He has always said he is going to help homeowners and "keep people in their homes." That's not letting the market reset.

Perhaps it could be posed as a question--how many big companies want the credit party to end? They're going to push for market extensions as long as possible--because that's all they know. I'm also sick of this "too big to fail" argument. "Creative destruction" is a popular "free market" concept-- provided it's not your company facing the axe.

@camping

I was being sarcastic. I dont think Mcain, Palin or Clinton would have done anything differently...the only thing that would have been executed differently would have been the amounts of money thrown that the issue and where the money wound up. In this case, Obama put a lot of ral money into the middle class tax breaks where by Mccain would have lowered taxes on businesses hoping for a trickled down of peanuts.

So, actually if i look at it that way...we are actually getting our money back. LOL

Ok, I didn't get the sarcasm.