Conversation 596-018

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housing start year this year will clearly be two million on a on an annual basis and that's a hell of a strong housing right market's floundering again today and i i called up the market let's see at noon it was down eight points i called two of my friends both of them said well they're now wild when there's about tight money which i

Interesting.

I saw that little blurb last night and asked about it in this morning's meeting.

And that's just the kind of little item that sends Wall Street into a tizzy.

But the argument is that it's going to tighten up the money that it has.

Although it's an article that he has tightened it up since August 15th.

But he's now more concerned with inflation than expansion.

And it just turns out...

I wouldn't be concerned about the market.

I just think that's one of those things that, I mean, we've got to remember that the market, more when it goes down, more when we have to go up.

Well, the reflection, it's just one of those things.

It just hasn't done it.

We've had a bit of burns and all these people in here yelling around about where we're going.

I mean, at least where the market helped was the day after COVID-19 went roaring through the dial dust.

That's my point is I don't think there's a hell of a lot of difference between what's going on in 1878 and 1868.

It's still a damn high.

And one day it's going to take off.

But it's only going to take it off, actually.

They're good numbers.

We've got a few good numbers.

Well, we've got a few good numbers, but they're not as good as they want our old people to be.

Those are a pretty low volume.

Yesterday it was like 10 million or something.

This city was a very low volume.

Today it's 6 million shares, which is nothing.

The, uh, I thought there was a person speaking to you on the phone.

I wouldn't want to keep that motion.

Ed Rumsfeld is trying to reach you on the phone.

Would you try to take it, Rumsfeld?

Oh, you let me know about Rumsfeld, so I might take it later.

All right.

Yeah.

Yes.

Drought.

No problem.

Absolutely.

For a certain purpose and so there, you know what I mean?

It's for life, you know what I mean?

You can forget your name and have a lot of other names.

Right?

Nice beaches.

Good, how about the other ball?

Too bad.

I don't know why.

Oh, it's so good.

I just must, I just think the fact that he raised such a thing indicates that we ought to, ought to press him.

I think, I just think.

Yeah.

That, uh, we just, he's, two years of handling this work ought, ought to give a lot.

To keep his time and give us some terribly prestigious support and some that.

I frankly think we ought to press him on the job when we do that.

And I'm following up with Sarah.

I'd be glad to.

But I really feel that the point is that I think that right now the coordination, that's the point that we need.

I heard the length of time it works out.

And also, this is something that the history ought to take.

Well, what I had to come here to do on the phone.

All right, fine, I'll pay the code.

Okay.

Yeah.

The Baker thing would be a good one.

Now, if we don't, we could get a holler.

Hello there.

I just think the Mulligan thing is, you know, he's thought of him originally as a top man, so he's mediocre.

He's not mediocre.

So he's the dean of a law school.

And so that's a hell of a thing, John.

Everybody else says a dean's a big thing, right?

But he was a dean before he was a good Catholic law school.

And I said, well, that isn't such a good thing.

We're not doing it for that reason because he's already on the court, on a certain court.

Would it be out of the way at all to not let me in?