tag:blogger.com,1999:blog-1527840491496268397.post1009802589134135860..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: WSJ: "The World's Most Luxurious Hotel Suites"Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1527840491496268397.post-16679435291687601422013-08-26T17:03:16.330-07:002013-08-26T17:03:16.330-07:00"But most of all, he credits the Federal Rese..."But most of all, he credits the Federal Reserve for the economic stimulus, which he said has helped the wealthy most of all."CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-91225685028859990262013-08-26T17:01:48.757-07:002013-08-26T17:01:48.757-07:00Pink Elephant reopened this summer in East Hampton...Pink Elephant reopened this summer in East Hampton offering Methuselah (six-liter) bottles of Dom Pérignon for $30,000. It is not just a novelty; the club’s co-owner David Sarner said Pink Elephant had sold “a few” this season, and many more “trains” of smaller Dom Pérignon bottles for as much as $8,000. “It was a bit lean for a couple of years in the Hamptons,” Mr. Sarner said in an interview, acknowledging that the term is relative. “There’s this at least perception that we’re doing a lot better than perhaps we were, so people are freer to spend money because they’re being psychologically conditioned with the highs in the market.” <br /><br />http://www.nytimes.com/2013/08/27/nyregion/hamptons-mcmansions-herald-the-return-of-excess.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-60840675340513457252013-08-25T18:44:35.992-07:002013-08-25T18:44:35.992-07:00"saudi squander": 2.36 million results
..."saudi squander": 2.36 million results<br /><br />http://www.nationalreview.com/articles/222375/saudi-squander/jonathan-schanzer<br />http://www.economist.com/news/special-report/21580630-even-rich-arab-countries-cannot-squander-their-resources-indefinitely-haves-and<br /><br />Managed by the Ministry of Finance's "Office of Decisions and Rules," which acts like a kind of welfare office for Saudi royalty, the royal stipends in the mid-1990s ran from about $800 a month for "the lowliest member of the most remote branch of the family" to $200,000-$270,000 a month for one of the surviving sons of Abdul-Aziz Ibn Saud, the founder of modern Saudi Arabia.<br />http://diplomaticdances.blogspot.com/2011/02/how-saudi-princes-squander-their-money.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-894127322345537852013-08-25T18:32:01.698-07:002013-08-25T18:32:01.698-07:00You mean the US military maneuvering all over the ...You mean the US military maneuvering all over the Middle East to protect their oil monopoly in exchange for some "black liquidity" isn't aid enough?Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-86656182655226266102013-08-25T18:30:41.734-07:002013-08-25T18:30:41.734-07:00I'll bet someday the Saudis will be poor, no o...I'll bet someday the Saudis will be poor, no one will remember why, and we'll have to give them "aid".CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-44416926247599553392013-08-25T18:24:55.993-07:002013-08-25T18:24:55.993-07:00These are the kind of professional managers you wa...These are the kind of professional managers you want serving as stewards of scarce capital over long periods of time:<br /><br /><i>"I don't want to say we're doing it for press, but I'm not embarrassed to say it is for bragging rights," Mr. Chase said.</i><br /><br />And these are the kinds of "producers" you want owning the natural resource wealth of the world over that same long haul:<br /><br /><i>(A third suite, which a Saudi prince spent $12 million refurbishing for a six-month stay some years back, will remain in all its gilt-and-brocade glory.)</i><br /><br />A truly visionary, grand-scheme kinda group, that is.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com