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OPEC blames speculation | 64 comments (64 topical, editorial, 0 hidden)
Re: OPEC blames speculation (4.00 / 3)
Compare this to a construction site Inland Empire near LA.

Analyst sees 'ghost town' in Inland Empire | L.A. Land | Los Angeles Times

At several properties, there were a significant number of fully built homes sitting vacant along with a large number of additional homes still under construction... At one master plan community, the entire development appeared to be vacant -- with the exception of crews working on new construction, it was a ghost town.

Can such follies be allowed so easily, even cheered?

by das monde on Fri Jul 4th, 2008 at 05:02:18 AM EST
[ Parent ]
Re: OPEC blames speculation (none / 1)
I lived in the "Inland Empire" for 4 years. I don't know who cheered - everyone I hung out with thought tract developmetns were insane.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Fri Jul 4th, 2008 at 06:05:03 AM EST
[ Parent ]

OPEC blames speculation | 64 comments (64 topical, 0 editorial, 0 hidden)
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