whidbey

Wall Street Breakfast: Must-Know News

Will, Murdoch maybe, but someone ought to run the paper. Even its liberal bent is not consistent. One wonders if there is some kind of internal torment tearing the paper apart. The might be economies of scale to joint operations with the WSJ, but the WSJ has become its own version of death warmed over. The FT seems to be replacing the Journal on just plain old fashioned covered and commentary. Once the decline starts, it just cascades to hell.

Housing Market Tracker - Subprime Outlook

The Harris Bank joy at the increase in refins and new loans at lower rates depends on what Harris and others are able to borrow at. The assumption that US bond,savings and CD holders will go for 3% or 2% rates is a dream. There are overseas alternatives being offered. The big con just moves around, nothing changes much but the names of the crooks. The US banks will be short of loanable funds. They deserve it!