Posted on July 3rd, 2009 in Implode-Explode Fed News
"Call me a clown Barney, but, in my opinion, a borrower has income which makes repayments likely. The amount of the income and the amount of the loan walked hand-in-hand together. Think of it like you and Liberace at the beach."
Posted on July 3rd, 2009 in Implode-Explode Fed News
"Here's the video to go along with yesterday's item about the Chinese wanting to exchange lots more U.S. dollars for gold. Skip directly to 3:20 to hear about their future buying plans."
Posted on July 3rd, 2009 in Implode-Explode Fed News
" Today's disappointing jobs number is certain to trigger a serious push for a second stimulus bill."
Posted on July 2nd, 2009 in Implode-Explode Fed News
Von NotHaus, Innis, and others. Simple and powerful presentation -- click through for video.
Posted on July 2nd, 2009 in Implode-Explode Fed News
Writes NY Times business columnist David Leonhardt: “it’s hard not to look back on the last six months and worry that the administration is still underestimating the severity of the situation…. The problems are too big. So it would make sense for everyone — the administration and the rest of us — to have a sober view of what might lie ahead.”
Posted on July 2nd, 2009 in Implode-Explode Fed News
" Lordie, is the media incapable of doing anything more than writing up official remarks?"
Posted on July 2nd, 2009 in Implode-Explode Fed News
Those same banks are now going t''o help you … as long as you come alone to the negotiation. Don’t hire anyone to help you… and they’ll help you.
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The government says we must protect homeowners from “scammers,” because homeowners can’t tell whether a given firm is a “scammer” or not. So, the banks and the government say they are all “scammers,” and you can tell because they charge a fee or retainer in advance of the work being completed… which is exactly the way all attorneys charge for every single case they take on.
Posted on July 2nd, 2009 in Implode-Explode Fed News
"Top Federal Reserve officials said on Tuesday the central bank should not rush to raise interest rates or remove other accommodative policies as soon as the U.S. economy climbs out of recession."
Posted on July 2nd, 2009 in Implode-Explode Fed News
" Corporate bonds and asset-backed securities recovered to levels last seen before the financial world fell apart in September, and the thawing credit markets enabled more borrowers to raise cash."
Posted on July 2nd, 2009 in Implode-Explode Fed News
" “American International Group Inc., the insurer bailed out by the U.S., has an “excellent chance” of repaying the government, outgoing Chief Executive Officer Edward Liddy said today at the company’s annual meeting. AIG plans to reduce its debt under a Federal Reserve credit line by $25 billion by handing over stakes in two non-U.S. life insurance units, the insurer said last week. The New York-based company has tapped about $40 billion from the line."
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