Florida suspends withdrawals from state investment fund

[Mvic]

Another article to throw on the heap

Consumer data raise fears for US growth
By Daniel Pimlott in New York

Published: November 30 2007 18:29 | Last updated: November 30 2007 18:29

US personal consumption remained flat last month and incomes fell in real terms, in a worrying indication for economic growth in the final quarter of the year, according to government figures out on Friday.


http://www.ft.com/cms/s/0/571b4b0c-9f6d-11dc-8031-0000779fd2ac.html?nclick_check=1

 

[Hook N. Sinker]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHuQBrj16908&refer=home

Dec. 3 (Bloomberg) -- Montana and Connecticut state-run investment pools hold debt tainted by the subprime mortgage collapse whose ratings were cut or put under review by Moody's Investors Service, the latest examples of downgraded holdings leaving local-government investors vulnerable to losses.

 

[Daal]

expect dennis kucinich introduce a bill to ban downgrades soon

 

[FerdinandAlx]

wait until it hits Western Europe which so far has been fairly immune despite the very high % of ARMs relative the US (this is a big reason to short the Euro and go long the $, for all our problems with the defalting RE bubble theirs will be far far worse, Russian and Saudi money keeping things propted up so far in the UK but if oil prices fale watch out below).

The widespread availability of mortgages has made the lower price segment dissapear in the Dutch real estate market. A flat the size of a walk in closet has an asking price of 190,000 euros, and that's before prices get bid up by people with an interest rate only mortgage. A 30% discount to current prices is needed to normalize the market and reintroduce the lower price segment.

 

[flytiger]

Quote from Mvic:

Just a bit of Sunday morning reading Fly. Your tenacity with the mushrooming naked short/wall street fraud stories is truly impressive and adds real value as you often post things that are not available from media sources or before they are available from media sources, and analysis bourne of years of experience. I for one have appreicated your dogged contribution to ET despite having taken a lot of flack. Seems like people are more receptive to your truth telling theses days doesn't it, wonder why?

Thank you. I 'm just the type of person that, if I"m fucked, I fight back. And if you're on the other side of the street getting fucked, I"m there for that too.

A lot of these guys say they're traders - fine. But my dog won't shit where she eats. People are crapping on our markets; someone has to speak up. CDO's anyone?????? Cdo's pale vs naked shorting. Why do you think they fight so hard?