Bubblelicious, Phase II 0
No commerce, no need for commercial real estate:
“There is a bubble bursting in much the same way as the residential market burst,” said Jon Haveman, principal at Beacon Economics, a consulting firm in San Rafael, California. “None of those towers will fill up anytime soon.”
Not to mention all the vacant store fronts in your area and mine where little businesses have lost out in Wall Street’s three-card monte.
Afterthought:
The difference between the banksters and Billy Mays was that Billy Mays was honest about being a pitchman; he didn’t call his pitches “financial innovation.”
And, ya know, if you bought something from Billy Mays, it might not have lived up to the hype, but it sure as heck didn’t just disappear–you at least had something left over for the yard sale.
