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  • Wall Street Breakfast: Must-Know News [View article]
    "Mortgage apps rise"

    Yes, and Fannie/Freddie and FHA are underwriting everything.

    Pretty soon, the government will be backing most mortgages.

    The employment picture had better improve quickly or the country will really, REALLY, be bankrupt.

    Geithner - what a muppet, I doubt the Asians see him as anything more either. If they believe he cares about the dollar and our debt we might have a chance.
    Nov 12 10:12 am |Rating: +1 -1 |Link to Comment
  • Closing Update for Wednesday, August 12: The Fed's Relative Optimism Is Catching [View article]
    The FED said everything is o.k.? Phew! That's a relief, just when I was thinking a jobless recovery was pie in the sky.

    If Ben and the boys say things are looking up, by golly I guess I should too! Wait, isn't this kind of like a confidence game where they want us to believe things are getting better? Isn't Bernanke up for reappointment to the FED?

    I'm just being a negative thinker, sorry, will stop it right now.

    Less bad than expected bad but still bad earnings from Macy's is a bullish sign! They're going to cut costs by cutting hours and firing employees, like every other company in the nation.

    Good thing those consumers are going to be patriotic and go out there and spend money they don't have or go into debt to do so. Wait...that either won't happen or will make our problems worse...savings rate and unemployment are both up...hmmm...

    I'd better go watch reruns of the FED meetings and press conference...
    Aug 12 18:22 pm |Rating: +4 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Isn't a person at their most manic right before their breakdown?

    How are you Fred? "I'm great! God! Never felt better!".

    "Didn't you just declare bankruptcy and get out of the hospital from that overdose/alcohol poisoning?" you ask. "Oh that, yeah, well, just needed to learn my limit that's all, and my Mom and Dad cashed out one of their retirment accounts to pay my bills and buy me a case of scotch, everything is just GREAT!" sniff...tweak nose...sniff.

    Good Lord, we've gone mad.

    Rally.

    Recovery.

    Based on what?

    Really people, where is sanity?
    Aug 12 10:31 am |Rating: +5 -2 |Link to Comment
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