Just Say Whoa!

Just thinking recovery won’t make it happen: "Everybody’s talking recovery, but nobody’s talking about what will drive it."

All bubbles are based on "perception of reality", rather than actual reality itself.

The current "recovery" bubble in the equity markets is no different..

High End Home Market Still Has Further to Fall

"The bigger they come, the harder they fall--one and all."
--Jimmy Cliff

Guess who's still screwing homeowners?

Aside from Bonnie & Clyde and a few other small-time bank robbers, when has it been any different?

I mean AFTER Republicans deregulated banking.

Mean Street's Evan Newmark thinks TARP architect Hank Paulson is a national hero. Really.

Right up there in the Hall of Heros!

With Alan Greenspan, Phil & Wendy Gramm & Ronald Raygun!!!

Chief Architects of the George W. Bush Depression..

A little-noticed addendum to the FHA's home-loan program will let first-time home buyers use their $8,000 tax credit for downpayments or closing costs, effectively reincarnating zero-down loans. Those critters, of course, were blamed for sparking this whole mess in the first place.

NO MONEY DOWN???

Now my kittenz can be rich, 2!!!

GM Drives Hummer to China

>HUMMER WAS A HIGHLY PROFITABLE BRAND FOR GM...UNTIL THE HIGH GASOLINE PRICES KILLED IT!

Actually, the EV1 was a VERY popular car--until GM/Republicans/Bush Administration/Enron killed it and opened a Hummer plant.

Essentially, by crushing the EV1, GM crushed itself.
www.ev1.org/

Two Hedge Funds Close Shop

Bernie Madoof wept.

Las Vegas Sands (LVS -6.2%) says it is looking to restart its $12B Macau casino/resort project. "There are obviously improving conditions in the capital and financial markets and we intend to take advantage of that."

12 Billion?

That's a lot of people bad at math.

I know...maybe they will have special promotional deals for Homeowners?

Wall Street Breakfast: Must-Know News

>The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game

Oh yeah!

Most people done left the Republican party almost 30 years ago when the St. Reagan Administration initiative Garn-St. Germain Depository Institutions Act of 1982 made ARM loans legal and loosened down payment requirements paving the way to NO MONEY DOWN loans.

Yeah, that's the day when keen observers like you left the Republican party shellgame...

en.wikipedia.org/wiki/...

James Hamilton: 'Do recently rising oil prices signal a resurgence of economic growth?'

Do falling tax rates signal economic growth?

The tax rates fell quite a bit during the last 8 years.

Wheeeeeeeeeeeeeeeere's our economic growth?

Another CON-servative urban myth falls hard...

The Fed has bought over $480B in mortgage-backed securities since last fall, and is now underwater on its portfolio by around 1%. Meanwhile the purchases, which were meant to keep mortgage rates low, have had only a fleeting impact.

>underwater on its portfolio by around 1%

Nothing more than statistical "noise".

Sounds like they "got it right".

China, Don't Believe Turbo Tax Tim

At least "Turbo Tax Tim" didn't give China a SPYPLANE like Little Boots did....

China, Don't Believe Turbo Tax Tim

>In fact, I suspect...

Speculation? Opinion?

Of who?

A loser who voted for McCain!

Give it up for someone who wanted to "double down" on the diasterous Bush policies because American needs more failure, not less!

Clueless, they continue onward through the Fog....

Geithner's Obeisance to Chinese Officials Reveals U.S. Weakness

>Well said! Whether its bowing to the Saudi King or to the Chinese, the US government officials are acting like they need to borrow a lot more money

I take it you've just woken up from a long 100 year nappie?

Where were you when BUSH APOLOGIZED to China because they TOOK OUR SPYPLANE and our Military personell hostage?????

March 31, 2001: US Spy Plane Crashes in China; Chinese Strip Plane of Sensitive Equipment
April 4-5, 2001: Powell Expresses ‘Regret’ Over US Spy Plane Crash
April 6-7, 2001: US, China Still in Dispute Over Spy Plane Collision and Crew Detention
April 8, 2001: US Refuses to Apologize for Collision of Spy Plane with Chinese Fighter

Then...

"Chinese officials approve the letter from US officials expressing regret over the incident, and early that morning, the crew members are released into American custody". [CNN, 4/2001]

April 11, 2001: China Returns Crew of Downed US Spy Plane, Keeps Plane

Wall Street Breakfast: Must-Know News

Blaming Obama for "wanting" to take over failed capitalistic endeavors is like blaming the fireman who show up at an arson to put out the fire.

If the building ("private industry") wasn't already burning down to the ground, there would be no need to put out the fire.