Thursday, May 26, 2005

American Idol

* Carrie was the right choice. Congratulations to her! Well done! Her song with Rascal Flats was great.

* GDP revised up from 3.1% to 3.5%. Hoo, things are a bit stronger than folks thought, but still in that 3-4% GDP range that is pretty much the sweet spot. I think we have to keep an eye on the jobs numbers, because if we keep seeing roarin' hot numbers month after month, that would eventually put pressure on wages. Then, the Fed would get a little more dramatic about rate hikes.

* Bo was good, too.

* Paris Hilton commercial, the extended version.

* New home sales rose in April, and median price went up 3.8%. Good grief. When the bubble busts, it won't be pretty. I think most folks who have a fixed rate mortgage locked in, make their payments, and stay in the home for a long time, will be just fine. But you have to wonder about speculators with "investment properties" who go in with very little down, interest only loans, and are losing money every month paying the mortgage and not getting enough rent back.

* Vonzell was good.

* Somebody told me that a $500K house here can get about $900/mo rent. Good grief. Can you imagine buying that as an "investment property?" So just the property taxes and such would be over $500 a month. Then any community association fees. Then, principal and interest payments every month. How much does your property have to appreciate to keep you above water on that?

* OK, Jessica put the belly in belly shirt. Hoo-hah, couldn't miss that! And Constantine was just ridiculous.

* One other thing on real estate, is the commission charged for selling and buying. So, you have to overcome that, too. What's that run, 6%? And that's on each buy and sell.

* Poor Baby Face, teaming up with Lindsey and Mikalah. Good grief.

* Anwar was drown out from Kenny G. Anthony was a little shakey on that one, too.

* I'm craving rice krispie treats. Have you tried peanut butter rice krispie treats? Oh my.

* Scott and Niko did okay, but George Benson saved that one.

* Some guy on CNBC today said he thinks the gambling stocks are overpriced. That too much optimism exists in them. Maybe that there are too many casinos at this point. They all seem pretty crowded to me. But, on the otherhand, I know I'm tired of losing money at them. Heck, everybody knows the ONLY SURE THING IS REAL ESTATE! ahahaha.

* Did you see Jasmine Trias in the audience with the flower in her hair? Ahhhhh....

* Dwayne Wade. 'Nuff said.

* OK, somebody better get some work done today... hahahah.

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