Drat, if we’d read Lansner earlier today Mrs. M and I could have saved some bucks on the undercoating for the new car 🙁
O.C. Register (5/21 ’11): “Rapture: Good or bad for O.C. housing?”
We asked our panel how the end of the world as we know it might impact Orange County real estate. Even with this extreme theoretical query, there was great debate about the housing’s future post-Doomsday … Economist Mark Schneipp, California Forecast: “No change (for Orange County real estate.) The world ended in 2008 with the housing bubble exploding and 25,000 jobs lost in mortgage lending. That is worse than Armageddon. It has not come back much to date. So if it happened again, then no change. Armageddon would be better than what happened previously.”
Well, I hope all of us Doomers got our short positions squared away ahead of the rush. Here in Doom North it’s a long weekend (Vicky’s Birthday comes a week ahead of the US Memorial Day) and so far 5/21 is nothing worse than yet another rainy day on the traditional day when everyone opens their summer cottage in the country; no sign so far that Four Sierra Papa has fallen over, etc. …
UPDATE: oops! …
IceNews (5/21 ’11): “Iceland volcanic eruption ‘not linked to the end of the world’ “
There has been a lot of discussion all over the world today about the end of the world predicted in advertisements by American preacher and radio broadcaster, Harold Camping. He predicted that large earthquakes would begin all over the world at exactly 18.00, local time and that the end of civilisation would be nigh. That did not happen; although the large number of small earthquakes which heralded the start of the Grimsvotn eruption did indeed start at 18.00. … Gudrunardottir told Visir that her guests are perfectly calm and are not making any link between the eruption and the end of days. “I haven’t heard a single word about it. It’s just a beautiful day,” she said.
Meanwhile, the Mayan Apocalypse of 12/21 (’12) is just 19 months away, so we’ve sent Igor out to Home Depot to get some staging so we can start strengthening the SE-facing walls at the Castle. We’re encouraged that Geithner pushed his GSE preferred shares buys past 1/1 (’13), implying that the bond markets are still concerned with the downside risk of ’13 occurring in some sense.
Anyway, 12/21 likely won’t be as bad as 12/20 (coming up on 120 years since), which set off the Seventh Seal sequence from Revelation and doomed humanity. I guess we’re pretty well hardened-off on that stuff, but it would be nice if we could stop all this re-racking business and at least save some of the mammals. Otherwise it will just have to be gout weed versus the tiger slugs for world domination over the next million years (I’m betting on the plants).