Taxpayers will lose more than $400M supporting Fannie Mae (FNM) and Freddie Mac (FRE), says AEI's Peter Wallison, a former Treasury lawyer. “It turns out it was impossible to regulate them. They were too powerful.” The backstop does mean that the GSEs' debt is as good as Treasury notes, he says. [View news story]
We have lost 714 billion on Iraq....not including lives lost.....
The economy is like a shark it has to keep moving ( read create nonfarm payroll growth) to survive by that time economic growth should ( hopefully) be self generating....Banks will about 85% of their way writing down losses for the great deleveraging.....Budget deficit could be 1.1 trillion in 2010 and 825 billion in 2011...various areas will make up the difference in 2011....( Just my speculation)
On Dec 31 09:00 AM Tony Petroski wrote:
> Bbro: "We definitely have headwinds....and job growth will probably > be modest by other recovery standards but there should ( with a little > Luck) be enough to prevent a double dip....." > > The stimulus was timed to promote government employment in 2010. > The double-dip comes in 2011.
We definitely have headwinds....and job growth will probably be modest by other recovery standards but there should ( with a little Luck) be enough to prevent a double dip.....
On Dec 31 08:50 AM Papaswamp wrote:
> I hope you are correct, but with the sharp increase in State Unemployment > Insurance tax to employers starting Jan 1 (in 33 states), I believe > the jobs will not come. Increased home defaults and a recent rise > in credit card defaults signal a long term stagnation at best.<br/>
Understood...if somehow you can look at a 12 week moving average of NSA numbers over the last 6 years...you would see there is sharpness to these numbers every year and we are not seeing that this year.....basically firings are getting fewer and fewer and hirings will push jobs numbers into the positive column...
On Dec 31 08:40 AM Papaswamp wrote:
> For a short week it is terrible number, plus the emergency extended > > +191,669 to 4,448,914 compared to 1,567,930 last year.
Public transparency of valuations ( which I would be surprised if the financial firms would support) would help to diminish some of the risk.....I think a lot of firms would not want the margins to decrease.....
Government debt service toGdp is 2.84%...the all time high was 1st qtr 1991 at 5.24%.....Debt levels are high...but debt service levels are managable....especially with deleveraging of consumers and an increased savings rate....
On Dec 31 05:54 AM Leftfield wrote:
> bbro: From where I stand, I would check the GDP methodology. Which > includes the need to account for the ludicrous debt levels dumped > onto public balance sheets.
Rasmussen uses likely voter methodology way too early in an election cycle....
On Dec 30 02:18 PM optionsgirl wrote:
> I check Rasmussen whenever I want to see how Obama is doing. I'd > say he's headed toward a one term presidency, and take solace in > the fact that anything done now can still be undone. That's change > I can believe in.
The government's decision to roll the dice on subsidized housing by keeping Fannie Mae (FNM) and Freddie Mac (FRE) afloat is becoming an epic disaster for taxpayers, Peter Wallison of the American Enterprise Institute writes. "The decade-long congressional failure to more closely regulate these two GSEs will rank for U.S. taxpayers as one of the worst policy disasters in our history." [View news story]
Taxpayers will lose more than $400M supporting Fannie Mae (FNM) and Freddie Mac (FRE), says AEI's Peter Wallison, a former Treasury lawyer. “It turns out it was impossible to regulate them. They were too powerful.” The backstop does mean that the GSEs' debt is as good as Treasury notes, he says. [View news story]
Initial Jobless Claims: -22K to 432K vs. 455K expected - the lowest since July 2008. Continuing claims -57K to 4,981,000. [View news story]
On Dec 31 09:00 AM Tony Petroski wrote:
> Bbro: "We definitely have headwinds....and job growth will probably
> be modest by other recovery standards but there should ( with a little
> Luck) be enough to prevent a double dip....."
>
> The stimulus was timed to promote government employment in 2010.
> The double-dip comes in 2011.
Initial Jobless Claims: -22K to 432K vs. 455K expected - the lowest since July 2008. Continuing claims -57K to 4,981,000. [View news story]
On Dec 31 08:50 AM Papaswamp wrote:
> I hope you are correct, but with the sharp increase in State Unemployment
> Insurance tax to employers starting Jan 1 (in 33 states), I believe
> the jobs will not come. Increased home defaults and a recent rise
> in credit card defaults signal a long term stagnation at best.<br/>
Initial Jobless Claims: -22K to 432K vs. 455K expected - the lowest since July 2008. Continuing claims -57K to 4,981,000. [View news story]
On Dec 31 08:40 AM Papaswamp wrote:
> For a short week it is terrible number, plus the emergency extended
>
> +191,669 to 4,448,914 compared to 1,567,930 last year.
Initial Jobless Claims: -22K to 432K vs. 455K expected - the lowest since July 2008. Continuing claims -57K to 4,981,000. [View news story]
NSA down 22% year over year....
Why I'm Still Distrustful of This Rally [View article]
On Dec 31 07:59 AM davidreid59 wrote:
> Maybe you should learn to spell before criticizing the writer
Why I'm Still Distrustful of This Rally [View article]
Those Evil Synthetic CDOs [View article]
A Decade of Asset Bubbles [View article]
1st qtr 1991 at 5.24%.....Debt levels are high...but debt service levels are managable....especially with deleveraging of consumers and an increased savings rate....
On Dec 31 05:54 AM Leftfield wrote:
> bbro: From where I stand, I would check the GDP methodology. Which
> includes the need to account for the ludicrous debt levels dumped
> onto public balance sheets.
Watch Small Business for Employment Trends. The Outlook Is Bleak [View article]
A Decade of Asset Bubbles [View article]
S&P 500 to GDP December 2009 7.9%
Historical median in a low inflation environment (under 4% year over year) 9.4%
Obama vs. Reagan After One Year [View article]
On Dec 30 02:18 PM optionsgirl wrote:
> I check Rasmussen whenever I want to see how Obama is doing. I'd
> say he's headed toward a one term presidency, and take solace in
> the fact that anything done now can still be undone. That's change
> I can believe in.
The government's decision to roll the dice on subsidized housing by keeping Fannie Mae (FNM) and Freddie Mac (FRE) afloat is becoming an epic disaster for taxpayers, Peter Wallison of the American Enterprise Institute writes. "The decade-long congressional failure to more closely regulate these two GSEs will rank for U.S. taxpayers as one of the worst policy disasters in our history." [View news story]
Obama vs. Reagan After One Year [View article]
Dec. Chicago PMI: 60 vs. 55.5 expected, 56.1 prior. Employment index 51.2 vs. 41.9 prior. New orders 63.5 vs. 62.8. [View news story]