Tchaikofsky Posted August 17, 2004 Report Share Posted August 17, 2004 Doesn't look like oil wants to cooperate. Can you provide a current quote? CBS MarketWatch U.S. stocks trade higher but oil price fears cap gains Tuesday August 17, 11:22 am ET By Mark Cotton NEW YORK (CBS.MW) - U.S. stocks gained ground but were off their best levels Tuesday as positive inflation and housing data failed to dispel unease over the current strength of oil prices, with crude continuing to trade above $46 per barrel. . . . An unexpected dip in headline retail inflation for July eased investor fears that rising inflation could further undermine slowing U.S. economic growth. Consumer prices fell 0.1 percent in July, the first decline since November 2003. Excluding food and energy costs, the core CPI rose 0.1 percent, below economist expectations of a 0.2 percent rise. The retail inflation data for July reinforces the "Fed view that much of the spring rise in inflation was "transitory," according to Ian Sheperdson, chief U.S. economist at High Frequency Economics. "But good CPI numbers alone will not stop rates rising slowly," Sheperdson warned. Sheperdson said August CPI data is not likely to be as rosy due to the recent jump in oil prices. Link to comment Share on other sites More sharing options...
Bungster Posted August 17, 2004 Report Share Posted August 17, 2004 Partial claims. In certain cases, the FHA "advances" -- that is, pays -- the arrears owed by a delinquent borrower to bring the loan account current. In exchange, the borrowers sign a promissory note secured by the property to repay FHA when they sell the house or pay off the mortgage. (Since you seem unable to afford this house we have decided to lend you more money???!!! WTF) AROUND THE OFFICE AT FHA, THIS IS KNOWN AS THE ARGENTINE STRATEGY How ironic to think that Argentina's name was derived from the Latin root for "silver." If only they had had a silver-backed currency...... The housing bubble will be the biggest bubble of all. Bung Link to comment Share on other sites More sharing options...
machinehead Posted August 17, 2004 Report Share Posted August 17, 2004 AMAT earnings + Gurgle auction ====> trouble tonight? Link to comment Share on other sites More sharing options...
soup Posted August 17, 2004 Report Share Posted August 17, 2004 Hithat: Agree 100%. Why do the prudent always have to subsidise the reckless? Link to comment Share on other sites More sharing options...
soup Posted August 17, 2004 Report Share Posted August 17, 2004 bung: No doubt. That is why they are fighting so hard to expand the bubble. Link to comment Share on other sites More sharing options...
soup Posted August 17, 2004 Report Share Posted August 17, 2004 When I see the housing starts all I can think of is unsold/unwanted/unaffordable inventory. Link to comment Share on other sites More sharing options...
HiHat Posted August 17, 2004 Report Share Posted August 17, 2004 soup...........SOCIALISM Link to comment Share on other sites More sharing options...
Bungster Posted August 17, 2004 Report Share Posted August 17, 2004 Just heard this on public radio: Administration top priority for economy is not inflation, not jobs - it is terrorism. Let inflation rip. Bung Link to comment Share on other sites More sharing options...
Bungster Posted August 17, 2004 Report Share Posted August 17, 2004 Just heard this on public radio: Administration top priority for economy is not inflation, not jobs - it is terrorism. Let inflation rip. Bung Do you think the markets will like this? Link to comment Share on other sites More sharing options...
Guest Posted August 17, 2004 Report Share Posted August 17, 2004 Just heard this on public radio: Administration top priority for economy is not inflation, not jobs - it is terrorism. Let inflation rip. Bung Do you think the markets will like this? What the administration is saying is: "Just focus on your fear of terror. Whether you're working two jobs to make ends meet or looking for work, you don't have time to worry about a collapsing dollar, ballooning oil prices or the prospect of a major bursting of the housing bubble. Just keep looking for suspicious Arabs in your neighborhoods and we'll handle everything else." Link to comment Share on other sites More sharing options...
Guest Posted August 17, 2004 Report Share Posted August 17, 2004 Very interesting!!! Big boys are dumping AMAT http://thomson.finance.lycos.com/lycos/iwa...ker?ticker=amat Link to comment Share on other sites More sharing options...
brian4 Posted August 17, 2004 Report Share Posted August 17, 2004 Opening now to the top of the Hour..Helmets on..Buckle up! Link to comment Share on other sites More sharing options...
flockofsheeples Posted August 17, 2004 Report Share Posted August 17, 2004 da chairthrower makes headlines. Chiron asked to develop bird flu vaccine Link to comment Share on other sites More sharing options...
Captain's Log Posted August 17, 2004 Report Share Posted August 17, 2004 Anybody have a feel for when this ABC correction wave will be over ? Since it is scam week, I have friday to re-load. It should also have worked off the Dover Sole indices by then. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted August 17, 2004 Report Share Posted August 17, 2004 Just heard this on public radio: Administration top priority for economy is not inflation, not jobs - it is terrorism. Let inflation rip. Bung saw some of the cnn interview w/ bush sunday night. it one sentence he says, we are safer than we were 4 yrs ago, then the next line he says we are on terror alert. Link to comment Share on other sites More sharing options...
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