Reading posts like yours is like watching Jay Leno’s street walk segments. Intellect an inch deep but the emotions and anger is a mile wide. When I was in College a professor gave me a 1930 something book about economic bubbles. It explained how and why they happen. People get emotional about the value of things rather than using their intellect.
The book chronicled several examples of economic bubbles. Some of which brought down empires like the Babylonian king’s fake gold coins (Which started the custom of biting a gold coin to see if it was real gold.) to other bubbles that lost vast territories of nations like the rise and fall of the New Orleans company. Bubbles happen when people become vested in the “belief” that something has greater value than common sense would dictate. Bubble grow when people blind refusal to see reality. We as a nation are seeing a bubble explode around us right now. This is why my neighbor can’t sell his 2 million dollar home for even $500k. This is also why there are now 19 millions vacant homes in the USA as of Dec. 2008. I am sure it is well over 20 million now if not more
I think you said that you work for a fortune 500 company and noted that they are very wisely pulling funds out of projects right now. Smart move, that’s why your company’s decision makers get paid tens of millions of dollars each year. What do you think they would do if they owned Coates stock?
FYI my partners and I are progressing along quite well on our project. But I do take time to entertain myself once in a while. I want to thank you guys for the entertaining posts. It breaks up my day and gives me something to laugh at and to ponder. But again I do feel bad for all the money many of you have lost. Good Luck with things. James
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