
So on a national road in the vicinity of Montsaraz in the Alentejo region of southern Portugal...who did I run into? Well, not literally run into because our VW van (courtesy of Avis)...would have received the short end of the deal...since Miguel and his familia are very very big...and very very thick...hmmm...kind of like some of my Portuguese relatives...but anyway....Miguel is obrigado muito bem......So we stopped and I gave Miguel a little sugar...and he...or could have Miguel been a she? (o Jesus!)...and I am pleased to report that Miguel...sans his outer layer of bark...is doing very well, thank-you!
...Why is Miguel so red? That is a good question...and is an indication that the cork was just harvested...or at least in the last 6 months...and they paint a number for the year (my Miguel had the number 9 on its huge trunk)...and so for another 9 years Miguel will have the time to regrow a new layer of cork (.75-2" thick)...and be ready for another harvest...very cool stuff...
...On a beautiful day we have entered Southern Portugal...the Alentejo and then further south to the Algarve...where we are now closer to Morocco than to Lisbon...and enjoyed our time at a walled city...where Christians and Muslims slugged it out over several centuries...and then arriving later at the Algarve in Praia do Carvoeiro for the night...
All is well...and I am seeing the manifestations of faith and business and life and entrepreneurs all over the region...and it renews in me the strength of the ordinary people...prevailing against the odds..taking chances and working hard...either in a small business or a fishing boat or a restaurant....whether in New York or a small rural village in Portugal...and it confirms in me once again that our destinies lie in our own hands and not the government...and rulers and politicians...
It is up to us! So have a wonderful day and smile as you pass into it
Ciao!
Well, Portugal has entered the modern era...it is perhaps an inconvenient truth...and yet something that must come to light...in this lovely old nation of merely 10 million citizens...about 1/4 the size of California...or the San Joaquin Valley come harvest time...but anyway, in addition to modern highways (yes, far better than most of the roads in the US), vino verde, nice grocery stores, shopping centers and malls, great cell reception, vino verde...ummm...well yes, all of that, Portugal has found its environmental voice... 

...I really don't know where the French and the American relationship went astray...because it really has been my experience in a few visits to France that we have more common interests than differences...and that we have many reasons to want to get along...OK now don't go getting your coullotes in a bunch...because I know there are some legitimate points of disagreement...but all in all I actually enjoy the French a great deal...and here are just a few reasons why:


Or full the full version you can check it out at 

...Boy is there a lot going on in the world!...and I had the opportunity to travel to Oxford University, which was quite nice...there is an awful lot to like about the Brits...first there is the public transportation system...reliable and inexpensive...and then there are the lovely towns and buildings...walking around ChristChurch College in Oxford was just incredible in the fall with the flowers still in bloom and the lawns perfectly striped...and then there is...ummm...there is....ummm....ehhh....oh yeah....they have the Beatles...well I guess not really...they only have Paul and Ringo...and I think Ringo lives in El Lay to avoid taxes....but as I was saying...everytime I travel to England it helps me understand how the whole Colonial thing got going here a couple of hundred years ago...I mean, they still cannot make a salad!...toilets?...they use 8 gallons to flush and make more noise than a Oster blender grinding on ball bearings...so much for going green...
...Well maybe not...sorry...but I have to tell you I am really concerned about just a couple of things...well, maybe a couple of hundred things in this economy...let's start with the lack of small business capital access and a looming tax increase that will crush thousands of entrepreneurs...the exact thing our Prez and Congress need to be helping right now...but the only stimulus package that appears to be heading down the pike is similar to the one I have just experienced at the doctor this morning....ouch!...and that employment remains tepid at the best...consumer confidence stinks......and what of the GE dumping NBC?...what does that tell you about their view of the future of mainstream entertainment for the next five years?...does GE need cash that bad to sell one of their jewels at this time when deals are so depressed?...makes one think that GE may be wanting to build more cash than they were thinking a year or so ago...and they already have lots of cash....
...which I think is the real wild card in this whole economy...and while so far the banks, REIT's, developers and government have been content to "kick the can down the road" there is only so much road to walk down before you hit a river, wall or pile of...ummm....manure....and while commercial real estate doesn't touch the homeowner's and ordinary consumer in quite the same way as residential real estate...it still is a much bigger thing than most of us think...and makes me glad that I am not over-invested in the stock market at this point...no more than 20% of my liquidity are in stocks...and I am sleeping better because of it...



