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Lowering rates for new buyers (what they Fed wants to do) doesn't stop foreclosure-driven oversupply. Inducing demand won’t solve it alone.... |
People who could make payments before their adjustable-rate mortgages renewed higher HAVE to be renewed at the same or lower interest rate |
The key to economic recovery resides primarily (but not entirely) in stabilizing housing values |
That 10% of home owners are in arrears or foreclosure makes me sense a deep, protracted recession, not unlike UK - http://tinyurl.com/63rx5e |
I laugh when Bush & some economists allude to economic recovery some time mid-2009. It's not going to happen that quickly - mid-2010 at best |
The only large retailer growing revenues & holding profits right now is Wal-Mart. I don’t see retail brands getting their own bailout. |
It’s now the case for many big corporations. I'm wondering what firms are *not* too big to fail. I think you'll find them in retail. |
“America has become a nation of borrowers” used to be Pat Buchanan’s refrain about leveraged consumers... |
I saw some sort of mini-rescue coming yesterday. Message from Bush to Obama: the unions voted for you, it's now your problem to solve. |
The big-3 auto OEM get a bailout, with Congressional and White House (i.e. no Bush veto) agreement - http://tinyurl.com/big3dole |
I like the cleaner look of Firefox 3 already... the URL text field has more usable drop-down reminders that the previous version |
With so little manufacturing margin for those working the oil sands, some exploration & development will likely have to be cut back |
The break-even is roughly $30 a barrel to extract oil from tar sands and process it to a refined grade... |
$40 oil will have quite an impact on the province of Alberta & the companies that extract oil from the tar sands, and that process bitumen |
$1 a gallon gas *IS* a tax cut for most families. With gas so much cheaper than 6 mo ago, any tax cuts from Obama could be less aggressive. |
Per CNBC, Shell’s CEO thinks $1 a gallon gas could be here in 3 months (citation n/a on CNBC web site as of now) |
If you’re the slightest interested in that clown called OJ Simpson, he just got 9+ years - http://tinyurl.com/OJbye |
Pres Bush is too busy looking to drill in Alaska, and expropriating natural parks for oil and mineral resources. I kid you not. |
I expect the big-3 will get a bailout, with conditions, and that Pres Bush will _not_ veto the bailout bill. |
I don’t think House members ought to be predisposed pro/con a bailout – until the end of the hearings – but they are entitled to be leaning... |
