Former L.A. Community College District chancellor takes Middle East post | L.A. NOW | Los Angeles Times

No wonder we’re broke. This f-tard bails for Dubai and we have to pay him $428,750?!?!? Sometimes I get so mad I – I – no make words now. via Former L.A. Community College District chancellor takes Middle East post | L.A. NOW | Los Angeles Times.

Petrodollar Recycling, the Bubble and You: Part II

Yesterday, I commented on how we were getting a demo on how some of the money being spent on oil was coming home and speculating on the real estate market. As insightful as that was, it looks like the downturn in the Dubai real estate market is going to dwarf the rollbacks in US cities.Continue reading “Petrodollar Recycling, the Bubble and You: Part II”