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Sort of like what my Sis, who is a Flipper, says about Florida. They might WISH there was a bottom, but until the excesses are soaked up by people that can pay moving in, or torn down, net of what more gets built in the meantime, the problem remains. Dec of 2008 if the economy doesn't...

If any more funds go bankrupt or there is a crash monday, or housing numbers are so bad they can't even find a way spin them, I'll predict a rate cut.

"Brookstreet managed $571.6 million in 3,644 accounts, according to a Securities and Exchange Commission report. The report said 75 percent were individual investors who did not qualify as "high net worth," which means they had investable assets of less than $750,000." The disease is...

Maybe they don't realize that lots of boomers are retiring early as they get booted from their jobs by the strong economy. I think that could easily continue a couple years, by which time the big flood of boomers will be looking to sell. EVERYONE was told they could buy a nice home, and...

They'll be able to call a bottom again Monday and Tuesday. I'm sure they will find some way to put a positive spin on what are really abysmal numbers compared to last year's. They avoid mentioning last year's numbers, let alone 2 yrs ago.

There are still others that track it. The M3 number was just a calculation, and the raw data still exists. The Fed didn't WANT to publish it because they are pumping money and credit in like crazy to keep the economy rolling, IMO. Or maybe its because they didn't want to have to explain it or...

yup, YOU buy the dip, LOL

They are expanding 10 to 14% more money and credit each year to keep the economy alive. until our trading partners try to SPEND the money inflation stays somewhat tame. quite a fence walk.

As long as they leave out hundreds of billions of spending and money stolen from SS, you can come up with anything you like. the spending vs revenue deficit this yr is $450 billion if you added the money stolen from SS, you'd have a more realistic $600 billion deficit this yr they tell...

per Robert McHugh email

You people are being silly. Housing starts and permits were absolutely PITIFUL. They will talk tough and do nothing, IMO. If you want to do something about cost of living, move someplace where its reasonable. Those prices posted were absolutely wild compared to what we pay in the...

A falling dollar will artificially lift overseas profits of US transnational corporations and in turn lift equity prices while the US domestic economy stagnates or declines. Among the objections against globalization, including income inequality and abuse of workers' rights and the...

immediate outflow of foreign-currency reserves, as local currency and other assets were exchanged into dollars to meet their collateral requirements. This would not only quicken the pace of the crisis, it would also deepen its impact by putting further downward pressure on the exchange rate and...

The policy of using interest-rate cuts to pump up demand has been tested to destruction since 1994. But all policies carry costs. The costs in this case included most obviously the dangers of pushing down long-term interest rates as well as short-term to a level that might be unsustainable, and...

took place over a three-to-six-month period, followed by a period of stabilization that lasted about three months and a recovery period that took place over a three-to-12-month period. But were these real recoveries, or were they merely the stabilization of uneven currency devaluation? Could...

Inflation targeting becomes labor targeting In the United States, the Fed has served notice that it is prepared to move toward inflation targeting to prevent deflation, as suggested by then board member Ben Bernanke, now Fed chairman. Prices of assets can only go up but are never allowed to...

network of hedging blurs the all-important dividing line between debtor and creditor, and allows an economy to borrow from itself, not just against its future, but against its current and less sophisticated debt, not for productive investment to generate real wealth, but for financial...

In the days of industrial capitalism, wealth was created by the creation of productive hard assets, while in finance capitalism, wealth is created only by earnings. Whereas wealth is increased by more production in industrial capitalism, earnings in finance capitalism increase only money income...

in theory up to $120 billion of new bank money in the form of recycled bank loans from new deposits from borrowers. The Brady Commission investigation of the 1987 crash showed that on October 19, 1987, portfolio insurance trades in S&P 500 Index futures and New York Exchange stocks that...

Jun 14, 2007 Page 1 of 5 THE INTEREST RATE CONUNDRUM, Part 2 How currency devaluation destroys wealth By Henry C K Liu (For Part 1, see Economics of denial) In today's financial world, a liquidity boom produces rising nominal or face value in return on investment (ROI) with an...