Monday, July 28, 2008


Oh no! Not Crocs and Heelys!

Recently I signed up for Dr. Housing Bubble's posts to be emailed to me. They're great and I feel like I'm learning about housing and economics in general. His post today was Part XVI in Lessons from the Great Depression: Items that Sold in the Credit Bubble. Before the Great Depression it was crossword puzzle books and before "whatever we're going to call what we're in the midst of right now", Crocs and Heelys were selling like hotcakes! Crocs publicly traded stock actually sold for $75/share! I hope to Mother Earth you sold at that price because today it's back down to $4.95 for CROX. Yikes. Also Heelys (those shoes with the wheels that the kids love) went from a high of almost $39 to $4.50 for a share of HLYS. I have really enjoyed his post, this one wasn't terrible but the one that gave me chills was this post on IndyMac's bank foreclosure. Gyah! I was shocked. That post is not for the faint of heart.

Okay, off to work so I can graduate and then wade out into this failing economy of ours. I wonder if Europe is hiring?

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