Bearish

Alameda's Progressives have a history here in Alameda. In the 50's, "progress" meant surrounding The Island City w/ landfill, ranch homes, and a giant shopping plaza. These days, density is all the rage and Alameda progressives are blogging overtime for ways to "improve" Alameda and its inhabitants. After all, that 50's mentality has got to go!

Many old guard Alamedans fret w/ the threat of unrelenting, true-believing world improvers right here in A-town. Hell, it's True Believers that are the most dangerous (more-so than the bought-and-paid for shakers)... because it's conviction that drives them! Che and Mao and Bush all know they were right, and look at how they improved things for so many!

But back to Alameda's True Believers for Density, or shall we call them the Tool Believers (for Big Development?) There is no need to worry about them much anymore... at least for now. Sorry to be The Bearer, all of you well-meaning Tool Believers and your dreamy improvements for us all, but you have a major obstacle in front of you. And I offer you a solution where you can even make a BETTER difference and help more people than you ever imagined!!  read more »  

In the end, we should all get what we deserve. But leave it to "Central Planning" to make everything worse. Fleckenstein makes it short and sweet (w/ some help from the Financial Times).

You never know what's going to come out in a deposition.

John Mackey, the famous Libertarian Vegan CEO of Whole Foods, just got out-ed. The FTC, fighting Whole Foods' acquisition of Wild Oats, found out he's been posting under the pseudonym "Rahodeb" on yahoo finance chat boards for 7 years!

As Rahodeb, he paid himself many fine compliments. He also dogged his competition and, as the Feds see it, might have pumped up the value of Whole Foods. Just imagine how much content 7 years of chatting can generate.  read more »  

Somebody took Robert Schiller's history of home values and plotted it to a roller coaster ride from 1890 to the present.... LOOK OUT BELOW!!!