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  • EPA says it expects to decide whether to boost the allowable ethanol level in fuel to 15% from 10% by mid-2010. At current consumption and mix levels, hitting the legally mandated consumption level of 15B gallons by 2012 is a mathematical impossibility.   [View news story]
    blow up an engine..someone has to make a new one...that is Government Job creation in their eyes...
    Dec 1, 2009. 04:24 PM | Likes Like |Link to Comment
  • GM November U.S. sales: -2.2% to 151,427 vehicles, vs. estimate of +5.8%. Sales for Chevrolet, Buick, GMC and Cadillac up 6%. Car sales -1.3% to 58,036; light trucks -2.1% to 92,640. (PR)   [View news story]
    Fox just announced in 5 minutes GM will make a big announcement...hmmmmm.... bankruptcy maybe....they will never pay the taxpayers money back...not with sales like this....
    Dec 1, 2009. 04:21 PM | Likes Like |Link to Comment
  • October Construction Spending (.pdf): up fractionally, $0.4B to $910.8B/year vs. consensus of -0.5%, and 14.4% below the year-ago estimate. September estimate revised down to $910.4B from $940.3B. For the first 10 months, spending was $794B, 12.6% below the same period in 2008.   [View news story]
    Thats a pretty big September revison down..but then again..that is normal.....hide the truth...we are not out of the recession until the revisions are going up..not down...IMHO
    Dec 1, 2009. 10:13 AM | Likes Like |Link to Comment
  • And now for some real zombies: A number of terminally ill banks are being passed over by buyers even if the government eats the losses, because the banks have such poor prospects for success even with all new capital.   [View news story]
    Its to bad we in the general public can´t know their we can protect ourselves...
    Nov 30, 2009. 01:09 PM | Likes Like |Link to Comment
  • If Dubai World's "standstill" is just that, and any damage is contained to some U.K. banks, then dominoes don't have to start tumbling. Todd Harrison sketches the somewhat worse scenario: a default leading to a flight to dollar safety, killing the dollar carry trade and causing a pile-up at the asset off-ramp as everyone gets out at once.   [View news story]
    I agree the rush to the Dollar is not a SAFE is so safe about it....I would rush to gold and silver for safety
    Nov 28, 2009. 07:49 AM | 1 Like Like |Link to Comment
  • Views on Dubai are coming together: The Roubini crowd thinks it could be the first of many sovereign defaults - or it could be just another CRE bust, or a one-of-a-kind event.   [View news story]
    If you look at the pictures there are STILL cranes everywhere down who is going to pay to finish all that empty space??????
    Nov 27, 2009. 11:21 AM | 1 Like Like |Link to Comment
  • When Congress mandated in 2007 a more-than-doubling of ethanol use by 2012 to 15B gallons, it wasn't counting on a sharp drop in fuel demand. At the current maximum allowable blend, 10%, updated projections make 15B gallons all but a mathematical impossibility.   [View news story]
    Theu won't allow Brazil to import their ethonal that they can make cheaper....its a prop up the farmers game..not a environment game
    Nov 27, 2009. 08:56 AM | 1 Like Like |Link to Comment
  • The White House is considering a bipartisan panel to tackle the swelling U.S. deficit, with the hope of bringing Republicans and Democrats together to make tough decisions about how to cut costs or raise revenue in areas including Social Security, Medicare and taxes.   [View news story]
    Bi partisian..what a joke.....he only wants the Republicans there to blame it on them...why doesn´t he come up with an idea or two.......telepromper please..
    Nov 25, 2009. 02:14 PM | 1 Like Like |Link to Comment
  • A lawyer for employees of AIG's (AIG -1.3%) Financial Products unit - the CDS-selling division that was the source of the company's meltdown - threatens "instant litigation" and mass departures in March if promised bonuses aren't paid.   [View news story]
    management said because they got us into this..they are the only ones to get us out....its truly a joke...jail is what they should be getting..not bonuses
    Nov 25, 2009. 02:10 PM | 1 Like Like |Link to Comment
  • GM's deal to sell Saab to Koenigsegg fell apart on "risks and uncertainties" as financing issues delayed the completion of the deal. GM's board meets today to discuss what's next, though it reportedly favors scrapping the brand. The breakdown reflects a similar collapse in the carmaker's plans to sell Saturn.   [View news story]
    how are they going to pay us back if they don´t have any cars to sell????
    Nov 24, 2009. 01:06 PM | Likes Like |Link to Comment
  • Redbook Chain Store Sales: +2.8% vs. +2% last week. Redbook now sees November sales +4.8% compared to October, noting seasonal goods are in demand.   [View news story]
    Yes then sales taxes should be going up right....NOT
    Nov 24, 2009. 09:28 AM | Likes Like |Link to Comment
  • Q3 GDP (2nd estimate): +2.8% vs. +2.7% expected, +3.5% 1st estimate, -1.2% in Q2. GDP price index +0.5% vs. +0.8% expected and +0.8% in Q2. Personal consumption +2.9% vs. +3.2% expected and +3.4% advanced.   [View news story]
    Is it just me or is this a pretty big downside revision...from 3.5%..which every politican said was the end of the 2.8%..which is below breakeven....3% is breakeven I thought...
    Nov 24, 2009. 09:09 AM | Likes Like |Link to Comment
  • 23% of all U.S. homeowners with mortgages - 10.7M - now owe more to the bank than their house is worth, according to a report from First American CoreLogic this morning. More than 5.3M of those mortgages are at least 20% higher then the home's value. Noting the close correlation between negative equity and foreclosures, firm calls the trend "an outstanding risk hanging over the mortgage market."   [View news story]
    Let alone if you have to Refinance...or sell...the appraisal is not your friend
    Nov 24, 2009. 08:12 AM | 1 Like Like |Link to Comment
  • After today's upside surprise in existing home sales, Case-Shiller prices come out tomorrow, and Bespoke wonders which of the 20 cities will be the first to turn positive Y/Y.   [View news story]
    Denver...I think Denver
    Nov 23, 2009. 02:40 PM | Likes Like |Link to Comment
  • With support for Treasury Secretary Tim Geithner waning, JPMorgan (JPM) CEO Jamie Dimon is emerging as a potential successor, sources say. Dimon has recently been making frequent visits to Capitol Hill, and earlier this month published an op-ed that urged the government to allow large institutions that take big risks to collapse. Dimon appears to have an advocate in bank analyst Dick Bove.   [View news story]
    I think this last year everyone learned how connected Wall Street is with the Politicians......very much perp walks yet
    Nov 23, 2009. 09:01 AM | 1 Like Like |Link to Comment