Notes

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61. Property deflation. 50% drop in prices for that areas. Builders confidence index is at new cheap. Many, many layoffs Many housing and commercial loans written on adjustable of interest terms back in 2005 to 2007 are coming up for their rate reset or coming due and payable. Many may not qualify to buy a whole new loan possibly able noticable the new higher sequel. The Austrian school of economic thought says each and each one time irrespective of how a mania with credit inflation at it's root there become a big crash.

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The first known involving Military Air Power was a student in China around 200 BC when General Han Hsin used somebody kite to calculate the distance between his army as well as the opposing elements. Chinese forces used kites best registered agents to signals and may have used them as bomb carriers.The explorer Marco Polo, when in Cathay inside of 14th century told of seafarers tying unwilling folks to large tet here d kites. When they flew well it indicated a successful voyage. Man carrying kites were also used in Japan on 19th one.

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