| To: MoneyPenny who wrote (26301) | 3/25/2005 10:19:15 AM | | From: MulhollandDrive | | | | Highrise condo development in the backward Fort Myers is selling out pre-development with about 90% investors/10% actual buyers. I think this is a recipe for disaster and perhaps an opportunity for me to buy a nice penthouse in a few years.
i think you are right, MP
and important to position oneself to take advantage of the opportunity....cash will be king |
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| To: MoneyPenny who wrote (26308) | 3/25/2005 10:27:28 AM | | From: zonder | | | | | I don't "admire" Trump, but neither do I condemn him as "sleazy" because several of his companies went bankrupt over time. |
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| To: MoneyPenny who wrote (26301) | 3/25/2005 10:37:20 AM | | From: Jim McMannis | | | | | Clinton/Congress provided the conduit to FL and other retirement states. Throw in low rates and the rout of FL is on. Everyone is grinning until bumper to bumper traffic and no water gives them a wake up call...but it's too late. |
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| To: redfish who wrote (26311) | 3/25/2005 10:39:21 AM | | From: MoneyPenny | | | | An old friend who has a family home in Palm Beach (grandparents, parents, and now his) calls Mar-a-Lago a club for pretenders and the desparate. I think its great when people achieve wealth and don't belittle them if they aren't
"old money" but this crowd is a little hard to take. I think of them as the Ivana- jewelled Chanel t-shirt set. (G) MP |
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| To: mishedlo who wrote (26287) | 3/25/2005 10:39:46 AM | | From: Jim McMannis | | | | RE:"is working off of a totally new economic model than any of us have ever experienced in the past." LMAO"
All real estate is, it's just magnified in retirement ares. |
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| To: russwinter who wrote (26307) | 3/25/2005 10:48:43 AM | | From: RealMuLan | | | | Yes, I agree. So I hope he will have more influence in some decision making.
Some provincial leaders have realized this development model depending on export/heavy industry development will not last. Take Zhe Jiang Province for example, for many years, both its total and per capita GDP ranked as number 4 in China, about 8% of China's total. Accompanied with this is the shortage of electricity, coal and land, as well as severe damage to its environment. It ranks as number 1 in terms of the electricity shortage, the available land available for the economic development can only sustain for another 10 years. The situation has become so bad that there is no land available for the new factory and there is no electricity for the new production. And many people there have realized that the game cannot go on much longer.
So when the central gov. started the macro-economic control from the middle of 2004, the leadership in Zhe Jiang also calls on reborn of the new development model and the revolution of the efficiency. They have made new regulation, strictly control those energy-intensive, heavy polluted industries (like cement, printing…) but encourage the industries of high efficiency and environmental friendly. And they also encourage entrepreneurs to go abroad, to buy foreign business as well as set up their own overseas.
As a result, the total industrial growth of Zhe Jiang increased 30% in 2004, but the energy consumption declined 11%. |
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| To: mishedlo who wrote (26297) | 3/25/2005 10:50:45 AM | | From: RealMuLan | | | | LOL--"OECD chief says robust US, China outlook should help Japan growth"
TOKYO : OECD Secretary General Donald Johnston said the Japanese economy should benefit from expected robust growth in the United States and China, Japan's key export markets.
Growth in the US economy, the world's largest, appeared to be "quite robust" while China, Japan's largest trading partner, was forecast to maintain growth of around 8.0-9.0 percent through to 2010, he told reporters.
"As far as the Japanese economy is concerned, consumer confidence seems to be returning to provide growth," he said, adding: "No one is predicting strong growth in Japan but certainly growth."
"I do believe that going forward the United States economy looks quite robust, and that's good news for all of us," Johnston said.
"The Chinese economy, which is very important to Japan's exports, appears also to be growing at a rate of eight to nine percent ... and people are saying that at least until 2010," Johnston said.
"It should be good news to Japan but also good news to the world," he said.
The Organisation for Economic Co-operation and Development (OECD) has forecast Japanese economic growth of around 1.5 percent for 2005 and 2006.
Official data showed that Japan's gross domestic product (GDP) grew 2.7 percent in inflation adjusted terms in 2004 after rising 1.4 percent in 2003.
Japan slipped into a mild recession in the middle of last year but crawled out in the last quarter of 2004, with GDP growing 0.1 percent from the three months to September, or an annualized 0.5 percent.
Johnston was in Japan to visit the World Exposition in the western province of Aichi and to meet government leaders.
- AFP
channelnewsasia.com |
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