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Papaswamp

Papaswamp
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  • Obama details budget plan; debt payments seen tripling [View news story]
    Debt for the fiscal year is already over $600B as debt ceiling fight actually dragged last FY into this one. So if they keep that snow ball rolling it could be interesting.
    Mar 5 07:38 AM | Likes Like |Link to Comment
  • GDP at 2.4% [View news story]
    Yep looks awesome...rally on...
    http://bit.ly/1hIcKmi
    Feb 28 09:35 AM | 4 Likes Like |Link to Comment
  • Budget deficit falls at sharpest pace since WW2 [View news story]
    Easy to do when the debt ceiling battle causes the treasury to have to jiggle the numbers into the next budget year. This fiscal year... Debt has already risen over $600B.
    Feb 28 08:48 AM | Likes Like |Link to Comment
  • New Home Sales [View news story]
    My point was fewer are making enough to afford a home. Homeownership rates are bearing this out. We are going to run into the Irish situation of too many homes and not enough people able to own them.
    http://1.usa.gov/1o8iqHX
    Feb 27 07:28 AM | Likes Like |Link to Comment
  • New Home Sales [View news story]
    Meh...I don't think so. Prices out of whack with employment.
    http://bit.ly/1kgJuED
    Feb 26 10:17 AM | 3 Likes Like |Link to Comment
  • New Home Sales [View news story]
    Some perspective.
    http://bit.ly/1kgIeBu
    Feb 26 10:14 AM | Likes Like |Link to Comment
  • New Home Sales [View news story]
    SA has the number wrong. Should read 468K
    Feb 26 10:08 AM | Likes Like |Link to Comment
  • Existing Home Sales Miss Expectations And Continue To Decline [View article]
    Notice a massive problem?
    http://bit.ly/1gVRU4a

    This is the influence of fed and govt intervention that has caused markets to artificially rise in relation to the employment situation.
    Feb 22 08:21 AM | Likes Like |Link to Comment
  • Existing Home Sales Miss Expectations And Continue To Decline [View article]
    Unfortunately we will see the re-emergence of sub-primes again in one last desperate attempt to hold up the housing market.... Only to have a repeat occur.
    Feb 22 08:16 AM | 1 Like Like |Link to Comment
  • Existing Home Sales Miss Expectations And Continue To Decline [View article]
    Home prices were never allowed to fully correct and have been propped up by forced low interest rates and government backed loans.
    http://bit.ly/1gVQ1V4

    The real problem is the labor force participation rate of the meat of the workforce ( and household creators) 25-54yr old group has been degrading and though lagging, the home ownership rate is trying to catch down to it:

    http://bit.ly/1cqglVU

    As long as participation rate declines the housing market will go with it.
    Feb 22 08:13 AM | 1 Like Like |Link to Comment
  • Jobless Claims drops 3K to 336K [View news story]
    Yep all is well...
    http://bit.ly/1fC3NZ6
    Feb 20 09:22 AM | Likes Like |Link to Comment
  • The Housing Market Is In Big Trouble [View article]
    Problem is 2 fold...
    Prices never really corrected v starts/permits (Fed and govt intervention):
    http://bit.ly/1cqgk4m

    The biggy is home ownership rate must catch down to participation rate for the 'meat' of the workforce (25-54yr olds):

    http://bit.ly/1cqglVU

    If this demographic continues to decline, so will home ownership rates.
    Feb 19 10:58 AM | Likes Like |Link to Comment
  • U.S. payrolls up 113K, unemployment rate at 6.6% [View news story]
    The number of unemployed rose by almost 900,000 M/M ( NSA) and participation rate degraded again. Just because people are no longer counted doesn't make it a pretty picture.
    Feb 7 08:55 AM | 15 Likes Like |Link to Comment
  • Jobless claims down 20K to 331K [View news story]
    I know 'there is no recession' as you claim since +300,000 new claims a week is the new positive. But if the Fed et al weren't sitting on interest rates, what do you think the economy would look like? If all was indeed well, why must so much intervention be needed?
    Feb 6 08:54 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Challenger job cuts rise to +45,000 for January. +11.6% Y/Y (vs -5% prev.).
    Feb 6 07:46 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
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