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Another Tale From The Crypt


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. . . We want to know. Who gets paid...and who gets stiffed?

 

Every debt is eventually settled, one way or the other. It is paid by the borrower. Or - if his luck runs out - the lender must make up the difference. Either way, like a night janitor in an empty schoolroom, death cleans the slate.

 

How is it then that Americans think they can slide into paradise...owing the rest of the world $2.5 trillion, net? Do they think their heirs can add to their borrowings at the rate of another $2 or $3 billion every day, forever? . . .

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It turns out that not only is the Matrix quite real ... it's an acronym to boot:

 

Matrix is short for Multistate Anti-Terrorism Information Exchange.

 

Fishy in Florida

 

We already 'took care' of the futures this morning. What can we do for YOU today?  :D

Matrix :lol:

 

Bureaucrats could not find their own fat asses :lol:

 

Gov can only slow down Honest law abiding citizens

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MoGauge stabilization

 

App Index: +1.1%

Purch Index: +6.9%

Refi: -2.4%

Mortgage Applications Up as Americans Buy

Wed August 6, 2003 07:35 AM ET

By Dan Wilchins

NEW YORK (Reuters) - Americans lined up to buy homes in near-record numbers last week, rushing to take advantage of mortgage rates that are still low but have surged over the last few weeks and could rise further, a report said on Wednesday.

. . .

The rise in purchase applications last week more than offset the fall in applications to refinance, lifting total mortgage applications by 1.1 percent, the group said. Its index of overall mortgage applications rose to 983.2, the second lowest level of the year.

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MoGauge stabilization

 

App Index: +1.1%

Purch Index: +6.9%

Refi: -2.4%

 

purchase rise is fence-sitters getting nudged by the rate jump - boneheads havent figured out that when rates go up prices eventually settle lower. i strongly suspect that that purchase # will stabilize much lower in thecoming months.

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Crude prices have jumped up into the downside gap from March:

 

Crude on the Rampage

 

This is quite ugly. Oil supplies were not supposed to be tightening up now, after the momentous events of this spring. Have the Saudis suddenly become uncooperative about being our compliant 'swing producer'?

 

Crude oil smells something, and I wanna know what it is.

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Gladiator,

You'll be happy to know that Richard Russell posted the Ron Paul "Honest Money Act" speech on his website last night, perhaps he is a closet Stoolie? :D

Thanks for the feedback, TMH. Keep spreading the word, everyone. E Pluribus Unum - we can and will overcome.

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