Rounder Posted November 19, 2008 Report Share Posted November 19, 2008 October housing starts were at a seasonally adjusted annual rate of 791,000, which is 4.5% below the revised September estimate and 38.0% below the year-ago level Liesman. "Their is no way housing starts can continue this precipitous decline..." Haines. "Why would u start a house? I don't get it." Classic, Liesman had no idea how to answer that...... Of course nobody failed to mention that building permits were down 12% as well which signals housing starts will not see a recovery anytime soon. Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 Euro poppin' Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 GBP new high fur da move off da bottom... Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 Just need bonds to let loose now.... Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 gold poppin a bit more....that wedgie has super explosive potential.... Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 gold flying 747 Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 Bonds still stubbornly holding on thus far..... Link to comment Share on other sites More sharing options...
phatbubble Posted November 19, 2008 Report Share Posted November 19, 2008 From a purely psychological point of view, the most bearish thing I could think of for 2009 would be to not test the 2002 lows now. Just leave that dangling participle out there, for the collective consciousness to begin gnawing on the moment the rally runs out of gas... Link to comment Share on other sites More sharing options...
stevieo Posted November 19, 2008 Report Share Posted November 19, 2008 "Record injections of liquidity have driven the overnight lending rate between banks to less than half the 1 percent target set by officials last month. The gap is shifting investors' focus toward the amount of money in the banking system as a better gauge of Fed intentions, something San Francisco Fed President Janet Yellen last month called ``a kind of quantitative easing.'' ``There has been a policy shift, but the Fed is not transparently announcing what it is doing and why,'' said former St. Louis Fed President William Poole, now a senior fellow at the Cato Institute in Washington. ``Monetary policy works best when the markets understand what the central bank is doing.'' " http://www.bloomberg.com/apps/news?pid=206...&refer=home Gloomberg is catching on, some factual incorrections but close. Here's a better post on the quantitative easing theme and the links in the article to a Fed white paper Divorcing Money from Monetary Policy and Bernanke's speech Link to comment Share on other sites More sharing options...
Rounder Posted November 19, 2008 Report Share Posted November 19, 2008 Bucky takin it to the chin... 86.74 last Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 bullz need one more trip above ES 860, NQ 1160 to shut the trap door here... back below 845 now would be trouble... Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 Gold clears 750...this may turn out to be a good day Link to comment Share on other sites More sharing options...
DrStool Posted November 19, 2008 Report Share Posted November 19, 2008 Whoa- check this guy out. http://bearschat.wallstreetexaminer.com/bb...;snsa=A#M766656 (I'm actually a little afraid of posting that YouTube here. Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 19, 2008 Report Share Posted November 19, 2008 now need a bond slaughter to start real soon... Link to comment Share on other sites More sharing options...
Rounder Posted November 19, 2008 Report Share Posted November 19, 2008 NY Times reports the Treasury Department's inspector general will review a quiet change in tax policy that stands to give banks a windfall of billions of dollars, a top official said on Tuesday. The formal review is intended to address mounting concerns from Congressional leaders and independent tax lawyers about the process that led the department to announce the obscure tax break, which allows banks much greater leeway to use tax losses from banks they acquire. The initiation of the review was described by a spokesman for the Treasury's inspector general. On Sept. 30, a day before Congress passed the Treasury Department's $700 billion bailout package to aid struggling financial cos, the department unexpectedly tweaked the rules and said that a bank was entitled to use all the losses related to troubled loans in a bank that it was purchasing, thus reducing its tax bill. The break, which can be applied to deals made years ago, before the financial crisis began, will hand banks at least $110 billion, according to Robert Willens, an independent tax and accounting anal cyst. Link to comment Share on other sites More sharing options...
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