abhtiw

Sad statistic of the day: Only one mortgage was modified under the Hope for Homeowners program approved last summer. Lawmakers had hoped the program would help up to 400,000 homeowners.

wow ...more than winning a lottery, who was the lucky guy ??

The Dollar's Point of No Return

guess what....in the last chart, dollar purchasing power, the dollar went up from 1929-32 by about 25%.


On Feb 12 11:08 AM ScottyEconomist wrote:

> A few things,
>
> 1) Has this guy been watching the news? Look at the charts, the dollar
> is up and the Pound/Euro are down.
>
> 2) Yes the US has been forking out tons of of bailout money and buying
> up toxic assets, but so has Asia and Europe.
>
> Sorry John Lee, but you must not have been watching the news today
> on the BOE

Dow is down 178 to 7970, its lowest point in 10 days and only the second time since 2003 it has broken through 8000.

twice closed below 8k (20 nov 08 and 20 jan 09, just 10 days back)....and IIRC 4-5 time has gone below 8k in past 4 months ....you need to be fired