The Harlow Block gets a Facelift

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The Harlow Block, located at Glisan and NW 8th at the Northern end of the Park Blocks has sat shuttered and abandoned for as long as we can remember. It is a stark reminder that urban renewal occurs in fits and starts and can leave some buildings frozen in time.

We detected signs of life today outside of this once proud structure in the form of wooden artforms gracing the plywood which one normally encounters on a stroll up Glisan.

What does it mean?

Stay tuned and Stay Fresh!

72 Hour Call for June 24, 2011

Today’s Call: 10 year US Treasury Bond yield to fall (price to rise). Currently 2.87%.

Rationale: Even though there will soon be a heightened risk of default by the US, moves such as releasing oil from the strategic reserve will give reason to believe that the US will make good on its obligations.  With the debt ceiling talks stuck on taxes, soon demand for Treasuries will overwhelm supply.  US Banks still reinvest in Treasuries and will likely continue to be obligated to do so.

Result of Call for June 21, 2011: US Dollar Index to fall.  Was 74.61, Currently 75.63. Bad Call.

Calls to Date: Good Calls: 31, Bad Calls: 26, Batting .544

Key Indicators for Friday, June 24, 2011

Copper Price per Lb: $4.10
Oil Price per Barrel:  $91.16 A FAILURE TO INFLATE

Corn Price per Bushel:  $6.70 MONETARY POLICY IS NOT WORKING
10 Yr US Treasury Bond:  2.87%
FED Target Rate:  0.08% UH OH!

Gold Price Per Ounce:  $1,502 BENEFITING FROM PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.25%
Unemployment Rate:  9.1%
Inflation Rate (CPI):  0.2%
Dow Jones Industrial Average:  11,935
M1 Monetary Base:  $1,895,400,000,000 RED ALERT!!!
M2 Monetary Base:  $9,086,900,000,000 YIKES!!!

*See FED Perceived Economic Effect Rate Chart at bottom of blog.  This rate is the FED Target rate with a 39 month lag, representing the time it takes for the FED Target rate changes to affect the real economy.  This is a 39 months head start that the FED member banks have on the rest of us on using the new money that is created.