I was just curious the other day as I saw Michael Milken on CNBC giving a synopsis of the findings of his Milken Institute.

To be honest I have been telling people for a year or so now, "I don't live in Western New York, I just work here." I am the total opposite of the secret class of people that actually in their mind live here in some place like Spaulding Lake but commute to Boston, New York, Washington DC making the big corporate/professional bucks, live in some studio apartment there and make it back her for a long weekend every 3 weeks to see their family.

Me I work here and get out of dodge at every possible opportunity I can grab. I don't want to rant about it because for the most part I've just accepted a few things and to be honest I have no desire to delve into it.

But here is why the one place where I would like to hang out in especially at this time of year is a no go as it is 191 out of 200 cities!



This is surprising but Buffalo isn't that bad off for jobs at 69 this year.



The one item that I found interesting was the fact that on the list of small cities, they were ALL for the most part college towns is UB keeping Buffalo alive? You can make that case with Ithaca NY being #12

This article basically states that we the USA have officially become a "Third World Country" As know it appears that you may "buy" a house and live in it but we'll just assume that you actually bought it from the rightful owner and go along with it. As it's just a shared illusion that you "bought" the house. It's so true, it took someone with 1/2 a brain and a little bit of balls or a good lawyer or knowing a political figure to say " Show me the paper, motherfucker "

Man I wish I bought a house 3-4 years ago in a nice place and find out that I can get it 100% Scott Free as legally no one knows who the F owns it or whom you have to pay! Yea,that rule of law is just going to go up like flash paper really shortly. That and Real Estate prices are actually going to go up in the short term as no one will touch a Foreclosed or REO property with a 10 foot pole, so you can just make all of those For Sale signs "vanish" sort of. So all of my Ex Girlfriends working in the local Foreclosure Mill on Sweet Home Rd are going to have their hours cut I suppose.

What is even crazier is Tom Brokaw Mr USA Greatest Generation says
college grads now should look overseas for the American Dream:

Here's what he said, quote, "I wouldn't be looking just within our borders for opportunities. I would be looking to see what the chances are of getting a job in the Middle East, for example, or India or China. I'd be looking well beyond even the national borders."

Enjoy it while it lasts, but I think you may have seen Dow 14 K for a VERY, VERY, VERY Long time.

Ok I may have been reading this guy's blog too long but in practically there is no way things are going to go on as they have. I don't own Real Estate but at the same time I've had this vision with a friend of mine concerning 1930's style bank runs. We'll just have to see what banks were belligerent with giving deadbeats mortgages that never even made the first payment. Although to me that is just secondary.

What is going to F everyone is going to be $100 a barrel Oil. It could be inflation or just the devaluation of the Georgeback against every major currency that translates into higher fuel prices. At this point who really cares that Ben is droping $ out of helicopters to help his friends out at Citigroup. When people are now going to blow $100 a week in gas in the winter months, Who knows what is going to happen in 7 months when that "Summer Driving Season" kicks in. We should be sitting close to 5 when that happens. By the end of the month we'll be approximately 3.5 easy. That will be less stuff @ Target, Walmart and eating out at Crapplebees or other nasty chain.

My prediction is by the end of the Year we'll be seeing the Dow around 10K. This week is only the first wave. Adjust the 401K's to money markets. It's only going to get worse. The Financials are Fucked, banks are the fluid that keeps out economy floating.

Basically I'm pretty nervous. Except that my positions are just Silver and Gold. If you can afford it buy some silver stocks. With Gold being @ 800 an ounce the historic correlation should have it much higher than the 15 that it sits right now. The 1980 high is around 50 an ounce. We'll get there within a year...

Time for bed. It should be interesting to see what my laize fair Professor says this morning. In my opinion when the next Democratic President takes the election almost a year from now they will be running on a FDR platform. It will just be like shooting fish in a barrel. Deregulation Capitalists will be kept far away from sharp objects and Washington for decades after this mess really gains momentum.