Forget about a rate cut !

[sobemark]

ALAN at it again !


13:33 Greenspan says subprime is not a small issue - Reuters

13:32 Greenspan says a risk subprime woes will spill over to other sectors - Reuters

 

[Comanche]

if the glove fits, you have to aquit!

 

[S2007S]

Quote from sobemark:

ALAN at it again !


13:33 Greenspan says subprime is not a small issue - Reuters

13:32 Greenspan says a risk subprime woes will spill over to other sectors - Reuters

why mention something many already know is happening.

Of course its going to spill over into other sectors.

Wait till it impacts consumer spending.

 

[apex_trader]

Quote from TheDudeofLife:

This is why a lot of people support illegal immigrants. They need fresh bodies ,willing to live in cockroach invested apartments, to perform all the services at the Wa Mart like "everday low prices". The descendants of immigrants from centuries ago, have wisened up to the ill effects on society that inflation causes. California would likely cease to operate were all the 1st generation illegals magically transported back to were they came from.

Yeah...that's how it works out here...right. It's a renters market...you can get nice places (3bdrm homes) in the $1000-2000/month range with an average income in the $50-60k/range. If you're not a family and don't need a big house you can get into luxury apartments for $850/month

 

[Covertibility]

Wow what a nonevent day. yoy on PPI 2.5% and core at 1.8% same as January.The usual bogus bloomberg article was a good one. Such an entertaining site.

 

[olwisepieeye]

I live in Boca Raton, FL and already see many of the 50 yr mortgage signs littering the street. It is the new weapon of choice for the brokers it seems.

Not sure about the other parts of the country but it has already started affecting the retail consumer here. It's not hard to go out to most stores and see how much the "door swings" are down.

I can also say that Circuit City will get absolutely worked by BestBuy in sales this quarter.

 

[traderdragon2]

There is evidence that they cost us more in free govt services , than they save us in cheap labor.

Add together the free ER healthcare which costs 10X than a regular doc visit, the lost tax revenue they dont pay, the schools they put all their kids in, and they are a net drain on us.

Quote from TheDudeofLife:

This is why a lot of people support illegal immigrants. They need fresh bodies ,willing to live in cockroach invested apartments, to perform all the services at the Wa Mart like "everday low prices". The descendants of immigrants from centuries ago, have wisened up to the ill effects on society that inflation causes. California would likely cease to operate were all the 1st generation illegals magically transported back to were they came from.

 

[sobemark]

Quote from Covertibility:

Wow what a nonevent day. yoy on PPI 2.5% and core at 1.8% same as January.The usual bogus bloomberg article was a good one. Such an entertaining site.

market waiting for CPI ...

something tells me they want 140 close on SPY tomorrow for oe ..before all hell breaks loose next week .. IMHO of course

 

[traderdragon2]

Take a close look at this graph and tell me what is wrong

Anyone who understands mean reversion will scream SHORT, especially after interest rate hikes, tightening lending standards, the crashing subprime market, and the record breaking foreclosure rates and housing supply.

 

[TheDudeofLife]

Quote from traderdragon2:

There is evidence that they cost us more in free govt services , than they save us in cheap labor.

Add together the free ER healthcare which costs 10X than a regular doc visit, the lost tax revenue they dont pay, the schools they put all their kids in, and they are a net drain on us.

They are a net drain on you and the average tax paying citizen. They are a true bargain for folks who have many domestic servants. The "Real Housewives of Orange County" would be amiss without them.