Sweet. More doom and gloom…one investor’s prediction for economic crisis
This article in The New York Times yesterday by David Barboza is a bit scary after a few months of positive gains in the stock market, housing market, and general economy lately.
Billionaire Investor James S. Chanos, who is credited with forecasting Enron’s demise as well as many other companies in the financial fall out of recent years, predicts that China is close to collapse. Among other allegations, “He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent.” Yikes.
Can the U.S. survive financially if China collapses? Aren’t they the largest owner of U.S. debt?
Lets move on to a more happy, fluffy topic: HGTV’s Dream Home Giveaway is here again! This time, it is a desert home located in Sandia Park, New Mexico between Santa Fe and Albuquerque. Every year I spend way too much time fantasizing, researching, and trying to come up with a strategy for what I would do if I won this home. I’ll admit it, I have even gone above and beyond the daily entry and mailed in postcards to try to up my chances of being picked. 
Luckily I have kept my day job, because I haven’t won yet but it is still fun to imagine winning 2 million in cash and prizes. Nobody to date has kept their house. I’m sure once you get your tax bill for 2 million in cash and prizes, this free gift isn’t so free.
I’m still going to try. What’s the harm? I’ve been to New Mexico….its pretty cool.
This is my son Declan, age 4, running gates for the first time at Squaw Valley this past week.