Monday, July 05, 2010

Two reasons to be happy you are not in China...

1) No matter how hot it gets in NNY our pools are NEVER this crowded.....




2) The housing market in China seems to be hitting some potholes. China's growth has been more than just a housing story but the potential impact of a housing slowdown and the hit to their banks is something to watch. If they have to fund a bank bailout that would leave far less money to lend us to fund our deficits. Then the fun really begins....

“You’re starting to see that collapse in property and it’s going to hit the banking system,” [Kenneth Rogoff, Harvard University professor and former chief economist of the IMF] said today [in an interview with Bloomberg Television in Hong Kong]."

However, I'd note that about the only person less connected to accurate market data than an economist would be a former economist now teaching at Harvard.

3) I think this is a pretty cool piece of tech that we should be putting in all our high schools. Basically, it's a 3-d printer that creates plastic mock-ups based on your designs. They cost about $1,000 today but if HP or Canon buy this company, it could be a $200 printer in a few years.

Get out there and enjoy the heat!!

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