I am rested, tanned and back at it. Things are rough all over, but for every problem there is an opportunity. I think this stock market rally is a sucker's rally, but soon I'll be completely out of investments so "who cares!?"

I am realigning my investments into self-employment productive capacity because the opportunities are so open and the threat to savings and investments is overwhelming given the government policies, in my view.

As I look for industrial space I find prices where they were back in 1977. Prime office warehouse space in Seattle for 50 cents a foot! It was $1.33 last August. Should I wait until it is 25 cents a foot? Naw, I'll just cut a month to month rent deal and let rents fall.

I've also been thinking about architecture, and how the stuff built during the boom just will not do in the bust era. Stuff built in the 1930s, 40s and 50s seems better suited to current events.

I have to stop being so cheap and buying such discount airline tix. I flew RT to NYC to meet with an Indian Services exporter on a joint venture on Monday Tuesday for $250, then Wednesday SEA SFO HKG for about $800. My back was killing me in Hong Kong! I thought I was going to die, had to be cancer, was going to check into a hospital, when I showered and the pain went away. Showers don't cure cancer. So between aspirin and hot baths I controlled the pain, but exacerbated things with athletic pursuits in hong kong on top of the sleep -deprived competitive hustle that is de riguer in Hong Kong.

After the flight back home I taught a seminar in Marin and then took a leisurely drive up through the wine country with my wife on my way home to Seattle. Very nice, but it added about 15 hours of driving time... ooh the pain in the back.

Taxes and interest rates will go up, high. When biz tax gets to 90%, and I think it must given the policies implemented and actions taken, should I pay 7 times as much for business class and write it off, since the profits of the business are going to be confiscated to pay off the bankers and the failed enterprises anyway?

So if now I pay $800 for a seat in steerage, and instead I pay $4000 for a business class with a sleeper seat. $3200 difference. At 90% taxes (soon to come) I can either give 90% of $3200 of any $3200 profit ($2880) to Uncle Sam to pay off failed socialist policies, or I can ride business class for gross $320 more RT than the lowest cost ticket. (Do I have this right?) My back says go business class.

Republicans say if taxes are raised business will cut back. I wonder if that is true. I know all I would do is change spending patterns.

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