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Venice Surf Report 05/29/08 This Is What We Now Own
2008-05-29 17:07:00 Wow - looks really, really good. Peaky, waist to chest high swell that is breaking up and down the beach and absolutely perfect conditions to go with it. Brilliant sunshine, light offshores, sheet glass surface; it's about as good as Venice gets at this size.4-5 out on either side, street parking still available but hey - if you gotta pay the $3 to get in the pay lot believe me, it will be worth it.What are you waiting for? Go already!OK, so as you may know, the Fed has been accepting non-liquid securities that no rational person would touch as collateral for loans consisting of U.S. Treasuries. The resason why is that banks need to use leverage to make money; if they pledge $100 worth of securities with someone they can use that to borrow $1000, for a 10 to 1 leverage ratio.And that is what has kept the economy going for a long time. But that has all changed in the last year as banks and dealers are requiring higher levels of collateral, or, to put it another way, you might be abl...
Trichet and others are playing Russian Roulette.
2008-03-06 23:13:00 He can be as stubborn as he likes but the longer he holds out, the more the damage is going to be done to his member countries. I have stated many times that: -Western Europe can potentially be... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
It?s The Principal, Stupid! Fed Chair Bernanke Wants Lenders To Slash Their
2008-03-05 22:51:00 Want to know just how bad the mortgage / housing / credit / banking / securities / oil / crisis has become? Okay. When was the last time you heard a high ranking government official actually call for lenders to slash the amount of their loans…NOT the interest, the principal! That is exactly what Federal Reserve ...
Bank of America Buys The United States - Or Close To It!
2008-01-12 19:14:00 If the announced planned merger of Bank of America and Countrywide Financial Corp goes through, BofA will be involved in about one in every four mortgage loans in the United States. One in four! Now one way to look at this is, this is a good thing. It will probably rescue Countrywide -described by the New York ...
The Federal Reserve Has A Movement
2007-12-19 12:15:00 The Fed Moved! Freaking amazing when you think about it. The first few words to appear in the first paragraph of an updated New York Times posting are :” The Federal Reserve moved…” Now this may seem like a fairly benign statement until you consider this: Had the Federal Reserve moved say, six or seven ...
Thursday Poll - Will the Fed Lower Rates?
2007-09-13 16:52:00 Next Tuesday the Federal Reserve Open Market Committee will meet to discuss the economy. It is widely anticipated that they will make a change to the Fed Funds Rate. What do you think they will do?
The Federation ft. Snoop Dogg "Happy I Met U"
2007-09-13 06:43:00 New video from the Federation Camp "Happy I Met U" ft. Snoop Dogg - Get A Bar!! nfeeds.com
The Federal Reserve Cannot Solve The Problem: They Throw Gasoline on the Fi
2007-09-12 20:07:00 There are many different opinions regarding the Federal Reserve. Generally, people seem like the Fed when things are going smoothly, but when the going gets tough, people look to the Fed and its current Chairman, Ben Bernanke to solve all the problem. A recent article in The Gold Prices Newsletter has suggested that the Fed has ...
By: Product Reviews
Will the Fed be Proactive (50bp) or Reactive (25bp) on September 18th?
2007-09-12 16:24:00 Will the Fed be Proactive (50bp) or Reactive (25bp) on September 18th? The biggest debate in the currency markets at the moment surrounds what the Federal Reserve will do on September 18th. We expect the upcoming interest rate decision to create a great volatility in the financial markets because with less than a week to go, ...
Open Thread: HP'ers let Ben Bernanke and the Fed know what's on your mind
2007-09-12 12:51:00 And advice for Ben for Monday? Cut 1/2?Cut 1/4?Hold?Raise 1/4?Quit? HP's advice: Hold steady, and send this message to failed flippers, housing gamblers, reckless lenders, stupid builders, ramen eating realtors, immoral mortgage brokers and brain-dead bankers: We're done with bubbles. You made your bed, now sleep in it.Fed Treads Moral HazardWall Street has a dream: that the Federal Reserve will rescue financial markets with a sharp cut in interest rates.Behind that dream lurks a problem, something financial people call moral hazard.Moral hazard is an old economic concept with its roots in the insurance business. The idea goes like this: If you protect someone too well against an unwanted outcome, that person may behave recklessly. Someone who buys extensive liability insurance for his car may drive too fast because he feels financially protected.
By: Housing PANIC
The Federal Reserve: Putting out a fire with Gasoline!
2007-09-09 14:46:00 The Federal Reserves answer to the problem caused by too much money in the system is to print more money. Further dilution of the once almighty dollar continues with it dropping two cents over the last three weeks for a loss of 2.4%
By: Gold Prices
Good or Bad for Saint Louis MO Real Estate - If the Fed Changes the Federal
2007-09-07 00:00:00 The Federal Reserve?s Open Market Committee (FOMC) meets September 18 and Wall Street?s financial wizards are in a quandry on what to expect as far as a change in the Fed Funds Rate (FFR). Will the Federal Reserve leave the...
Who will win the FedEx Cup, does anyone even care?
2007-09-05 21:48:00 People seem to not give two craps about this new FedEx Cup playoff system, especially some of the world?s top golfers. With Tiger Woods skipping the first event, and Phil Mickelson will most likely miss the third tournament (edit: He will miss the the BMW Championship). The one problem is that the FedEx Cup race or ...
The federal government and hot buttered popcorn. Something smells. [Effect
2007-09-04 17:29:00 The argument about whether bloggers never do real reporting is not very interesting to us, but suffice it to say there are numerous instances where they do the same thing as journalists, even in the tiny public health blogosphere. A case in point is my colleague. Dr. David Michaels at The Pump Handle (TPH), who has been dogging the story of flavoring workers lung (aka popcorn workers lung) from the outset, and has even broken a few stories. Today’s post at TPH may be the most significant entry yet. But first, some background. Read the rest of this post… | Read the comments on this post… Original post by http://feeds.feedburner.com/~r/-ScienceblogsCombinedFeed/~3/152-180814/the_federal_government_a-nd_hot.php
Investors Eye The Federal Reserve Remarks
2007-09-02 18:00:00 Investors Eye The Federal Reserve Remarks. Federal Reserve Chairman Ben Bernanke assures investors the central bank will intervene to ease the credit crunch but says the Fed will not bail out investors embroiled in the subprime market.
Why are the Feds talking Mortgage Meltdown Bailout? Because the stench of
2007-09-01 08:07:00 Hey, what's that stench? Oh, it's just the REIC doing their thing.Tax breaks for buying a home. No cap-gains tax on home sale proceeds. No oversight of mortgage brokers, realtors or lenders. And a corrupt REIC allowed to spin out of control by a corrupt Congress.The realtors and home builders made this mess. Congress went along for the ride. And if there's a move in Congress for a REIC bailout, you'll know why.Top 10 Political Action Committees 2006#1. National Association of RealtorsAccording to OpenSecrets, the NAR PAC spent $3,752,005 in the 2006 campaign: 49% to Democrats and 51% to Republicans. They raised $1,716,960 in contributions of $200 or more. The Realtors Political Action Committee (RPAC) is one of the largest trade association PACs, dating to 1943. Issues of interest range from accessibility to wireless 411 directory.#3. National Association of Home BuildersAccording to OpenSecrets, the National Association of Home Builders PAC spent $2,900,500 in the 2006 campaign...
By: Housing PANIC
eNergy STOCKS: Soothing comments from the Fed and the White House aimed at
2007-08-31 22:14:00 ... gave a boost to oil and gas stocks Friday.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
Should the Feds Define Efficiency Metrics?
2007-08-31 02:40:00 Data Center Knowledge – An IT research firm is calling on the governments of the U.S. and Canada to take a leadership role to stem power usage by data center operators in North America. Info-Tech Research Group cited findings from the recent EPA report on data center power usage trends, and said current momentum on green… read more
?The FedEX Thingy?
2007-08-29 16:47:00 That is how Ernie Els describes the inaugural FedEx Cup on the PGA Tour. I have to agree with the Big Easy. This hasn?t got me fired up, either. The whole idea of the FedEx Cup was, ala Nascar, to generate more interest in PGA Tour events in the latter part of the year. The ...
By: Golf School Blog
Inquiry of the Greens to the federal state government: Why Dr. Pier may con
2007-08-29 10:42:00 . .eine extremely entitled question not only regarding the staatsanwaltschaftlichen determinations, but also regarding the way like the management of the hospital with coworkers and/or the work council deals… read you the following article of the WDR: http://www.wdr.de/themen/panora-ma/kriminalitaet10/wegberg_klin-ik/index.jhtml?rubrikenstyle=pa-norama
By: el-blog.com
Despite all the Talk, Will the Fed Cut Rates in September?
2007-08-28 14:25:00 This is a guest article from Tim Greene, he is one of the authors at The Real Estate Field Guide. The credit liquidity crisis has pushed the political dynamics into interesting territory. The markets have been expecting, often even demanding a cut in the Fed Rate for most of this year. It wasn’t needed and the ...
By: Investing Notes
the most beautiful Land of the Federal Republic of the world
2007-08-28 10:44:00 here I wanted to show you simply times, Schleswig Holstein is how beautiful! We have here everything, meadows, forests, beach - mountains and hill naturally also if as in the south Republik.dafür is not also as high from there ´Weg to the beach the stop something further. I will publish here (more or less regelmýssig) further pictures from the “most beautiful Land of the Federal Republic of the world ”! On my motorcycle routes over the villages me reliably or other one runs before the Camera
By: el-blog.com
The Fed and Puritanical Ethics
2007-08-27 15:19:00 A week ago, the Wall Street Journal explained a Puritanical financial concept underlying the Fed's hesitancy to drop interest rates - no bailing out players who bend the rules: Wall Street has a dream: that the Federal Reserve will rescue financial markets with a sharp cut in interest rates. Behind that dream lurks a problem, something financial people call moral hazard. Moral hazard is an old economic concept with its roots in the insurance business. The idea goes like this: If you protect someone too well against an unwanted outcome, that person may behave recklessly. Someone who buys extensive liability insurance for his car may drive too fast because he feels financially protected. The August 25 Economist pipes in further with "Does America need a recession?", implying a little bloodletting will be just the ticket...Mark Thoma at Economist's View counters with sane reasoning why the economy doesn't necessarily need to get worse to get better and most of his commenters agre...
The Federal Government?s new $84 million internet porn filter was cracked i
2007-08-26 02:12:00 Yes, this grinning 16 year old student Tom Wood basking in that adult only ambiance is the successful individual. Tom cracked the Federal Government’s new $84 million internet porn filter in 30 minutes and he recently showed the Herald Sun how to deactivate the filter with just a medley of mouse clicks. His technique ensures ...
By: Nerd with Swag
All cars to have side airbags: new regulation from the federal government
2007-08-24 12:34:00 A new regulation on cars mandates that all new vehicles are to have side airbags; this will be forced in as a new regulation by the federal government. Not only will side airbags become standard, but also how much area the bags will have to cover if they are deployed. The reason for the law for ...
By: Product Reviews
Google procures s to the Federal Bureau of Criminal Investigations
2007-08-24 10:39:00 This is a warning to all users of the search machine Google (supposed 99% all reader of this side): Internet after the term the Gentrifizierung can bring the bent reader in the prison. So happened the city sociologist and professor on the Humbolduniversität Dr. Andrej H. these three weeks ago ago one arrested, because it under the suspicion stand to be member of the militant group (mg).To the prehistory:the mg already commits according to Wikipedia according to 2001 notices; it concerns arson attacks, the goals is however different actually always. Since it concerns politically motivated acts, are naturally also claims of responsibility publish. And the problem lies exactly there: The sociologist Andrej H. is according to the Federal Bureau of Criminal Investigations intellectually able of texts like the claims of responsibility the mg to write - it is thus not times accused that it made it actual. Additionally use it - for the memory: he is a city sociologist - terms and key words...
By: el-blog.com
Is Countrywide's Leader Trying to Persuade the Feds?
2007-08-23 19:32:00 In an exclusive interview on CNBC today, Countrywide's CEO Angelo Mozilo mentioned a few things that may have been intended to help persuade the Federal Reserve to cut rates.Mozilo mentioned that he thought the US economy was headed into recession and that more liquidity was needed to stabilize the markets. Two things that clearly are aimed at the decision the Federal Reserve needs to make about further cuts in the Discount Rate and even a cut in the Federal Funds Rate at their meeting next month.So, let's analyze why he made these comments and is he afraid that Countrywide is still in danger even with the B of A investment of $2B. The comment he made about the economy going into recession may not be that far from a reality down the road, but why did he mention it? More than likely, he wants the Feds to cut rates no later than their next meeting, preferably earlier, and help further bailout Countrywide. The reason is that that Fed's goals are to r...
James Dean, Spoilt Child, Jim Cramer & The Fed
2007-08-23 01:51:00 FT.com reports today: “…..the 3-month T-bill rate is now at 3.6 per cent - 1.65 per cent below the Fed Funds rate. Over the last 25 years, such huge disparities have always been followed by Fed rate cuts. Confidence could dive again if hopes for a cut in the Fed Funds rate are not fulfilled. The game ...
Are the FEDS in bed with the timber interests in the Northwest?
2007-08-22 16:36:00 The Federal Government's current draft "recovery plan" appears destined to turn back the clock on recent progress on behalf of spotted owls in old growth northwestern forests.read more
By: Communati.com
Wall Street thinks the Federal Reserve is running short of time.
2007-08-22 14:15:00 After another day of restless anxiety in the world?s credit markets, most lenders and investors remained fearful of all but the very safest Treasury securities, and new figures showed that the rate of foreclosures in the housing market in July was almost double that of a year ago. Analysts now say that the central bank?s move ...
Did the Feds Already Bailout Countrywide?
2007-08-22 06:48:00 Interestingly enough, the Federal Reserve Board cut the Discount Rate last Friday in an effort to increase liquidity in the crumbling financial markets. This rate has no effect on mortgages, but it allows banks, including lending institutions, access to "borrowed" money. Additionally, the Feds extended the borrowing period of these funds to thirty days.While that helped the markets overall, the most interesting part is the potential hidden reasoning behind that move. As I have said before, I highly doubt the Feds would let Countrywide go under, though a bankruptcy trip would not be out the question. The reasoning is that the mass panic and media frenzy that would ensue would destroy the markets, no matter how healthy they may be still.So, did the Fed cut the Discount rate to bailout Countrywide? While they would never come right out and say that, it may be a more likely scenario than you think. Richard Bove, a well respected analyst...
Understanding the Move That The Fed Made Last Week
2007-08-21 03:43:00 If you’re still confused about what the Fed did last week to supposedly “buy the economy some time” from going into a recession, then check out this article from Kiplinger’s Online. Kiplinger’s does a good job of answering the most frequently asked questions that may be on your mind about what the Fed actually ...
By: Money Crashers
Deciphering the Fed as Markets Rally, BDI Still Strong, Crazy Commuting Sta
2007-08-20 21:59:00 August 20, 2007 by Addison Wiggin & Ian Mathias We call BS on the Fed? the chart that proves they’ve already cut the fed funds rate Markets love the juice, rebound worldwide? why is gold tracking the financials? India suffers its worst sell-off since its 7% decline a year ago; why this is a buying opportunity What credit ...
The Big Picture: Catching up with the Fed?s Thinking
2007-08-20 15:24:00 The WSJ has what appears to be an “All Fed, All the Time” edition out this morning. A combination of articles does a very good job explaining how the financial system came to this point in time, what the Fed’s role is in resolving this as well as past crises, and what risks still face ...
The ?Bernanke Put? and the Federal Reserve bail-out in progress; official F
2007-08-20 12:26:00 On Friday, 10 August 2007, things were starting to look bad. The media was talking about a liquidity crunch, hedge funds were starting to fail, bankruptcies were beginning to boom, and the whole credit bubble was trying to purge. Then the Federal Reserve and others opened their floodgates to flood more liquidity into the system. ...
Will the Fed’s move save stocks?
2007-08-20 06:42:00 Hello Ramki Can you describe (or direct to some easy site) which expains how a currency is evaluated against another? Why will dollar depreciate according to you? Regards On 8/19/07, Ramki wrote: > > > Yes It may save Stocks and credit market in S.Term. But it will not > save the US Dollar’s decline. ...
What's the Fed's Next Move?
2007-08-20 04:34:00 The Federal Reserve may have thrown Wall Street a bone Friday by lowering the rate it charges banks, but if this week's housing market data and corporate headlines portend more gloom, it may have to toss another.So far, Wall Street, beset by fears that credit problems in mortgage and corporate lending will cripple the economy, has been stubbornly signaling to the central bank that it wants a bailout -- ideally, by way of a cut in the benchmark fed funds rate.With the Fed's next meeting not scheduled until Sept. 18, investors may stay jittery over the coming weeks as they watch the central bank to see if it will lower rates before that point.Stocks got a boost Friday, thanks to the cut in Fed's discount rate, but few market participants are breathing a sigh of relief yet. Many on Wall Street are still in panic mode; even when the Fed started injecting large amounts of cash into the banking system through repurchase agreements two weeks ago, the Dow Jones industrial average continu...
By: Jim Cramer Blog
Will the Fed’s move save stocks?
2007-08-18 03:42:00 http://articles.moneycentral.ms-n.com/Investing/Dispatch/WhyThe-FedCutItsDiscountRate.aspx Will the Fed’s move save stocks? The central bank wanted to shore up the credit markets and prove to Wall Street and Main Street that it understands the seriousness of the credit crunch. But the markets still face risks in the weeks ahead.
Why the Fed?s rate cut did not come as a surprise
2007-08-17 19:43:00 Since hitting a peak on July 16, the meltdown in global stock markets has taken place with lightning speed. Given the fact that more than 10% has already been wiped off investors? scoreboards, the question invariably is how low can we go. Has the Fed come to the rescue of markets with today's cut of the discount window rate from 6.25% to 5.75%?
Tell us ‘Can the Fed fix the credit crunch?’
2007-08-17 17:06:00 The Fed cut its discount rate today. (That's not the Fed funds rate! You should have paid attention in economics class.) It's an attempt to temper a global liquidity crunch that's hurt, among other things, the mortgage game and the housing market. Do you think the Fed's actions and words will cool the crisis? Most definitely Probably Perhaps Not a chance
From the Federal Reserve Open Market Committee
2007-08-17 14:58:00 To promote the restoration of orderly conditions in financial markets, the Federal Reserve Board approved temporary changes to its primary credit discount window facility. The Board approved a 50 basis point reduction in the primary credit rate to 5-3/4 percent, to narrow the spread between the primary credit rate and the Federal Open Market Committee’s ...
Rent to Own Business: what the federal legislation (H.R. 1767) would do
2007-08-15 15:07:00 Countryside Rentals Mike Tissot has invited Rep. Zack Space who is a freshman (D-Ohio) to visit one of there stores so that they can continue their discussion on the rent to own business industry?s federal legislation. Zack Space spent this valuable time at Mike Tissot?s Logan, Ohio store on August the 13th which was 2 ...
By: Product Reviews
Is The Federal Reserve Criminal?
2007-08-13 20:01:00 In the USA, The Federal Reserve controls the money supply and sets interest rates. However, it is run by unelected individuals and can ?create? money for its own aims. As Thomas Jefferson said, ?I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies.? Read Full Story Well the Federal ...
By: Product Reviews
The Federal Reserve: The Greatest Scam In History?
2007-08-13 18:16:00 The Federal Reserve was created in 1913-1914 in order to bring stability to the economy and yet almost every major crash, including the great depression, can be attributed to the Federal Reserve. We are going to take a look at the history of the Fed and what prominent historical figures have said about the organisation. Firstly
By: Gold Prices
“scold for the federal state government ”…
2007-08-11 11:34:00 … only high-praised, then in the criticism: The conversion of the Roland mountain he appraisal for the reorientation of the tourism to Schleswig-Holstein prepares headaches: off: http://www.ln-online.de/lokales-/2188051 “the policy does not interfere into a range, from that it anything understands much too much ”, said Jürgen owner man with view of the tourism. He asks himself, as the federal state government comes to prescribe for the baths a marketing without at the basis information to have caught up before. It reminded forced upon ” Ostseecard of those the municipalities by the country “, with their introduction “several thousand euro in the Sund was sunk ”. For co-operation unsatisfactory from view of the Touristiker Martin Riedel had a concrete example: “in the group of controls on regional level the IHK is represented - however one of us ”, he criticized not. The chairmen of the CDU circle tag parliamentary group, Ulrich Rüder summarized the consequences resulting from it,...
By: el-blog.com
Is the Fed Doing Enough?
2007-08-10 18:00:00 CNBC - Bulls make money, bears make money, but hogs get slaughtered ‘ The subprime issue speaks this concept loudly! I say, ‘Let the hogs get slaughtered’ and give Bill Fleckenstein (MSN/NBC) some credit for predicting this subprime mess long ago!” - Source: www.cnbc.com How To Go On A Free Vacation ...
States try to fix immigration problems that the federal government refuses
2007-08-07 03:38:00 There are a number of untruths in the story that follows. Lazy reporters just regurgitate what others have said and the really sad part os that so many people believe them.Many opponents said illegal immigrants took jobs from U.S. workers. But employers from Arizona to Texas argued that thousands jobs were going begging through a lack of takers.Many people refuse to work for the much lower than legal wages some companies pay illegal workers. HereÂ’s a shocker for you, Americans did those jobs forever before the invasion form Mexico started. And they would again as well if paid a reasonable legal wage. Last month the U.S. Senate voted overwhelmingly to provide an additional $3 billion in emergency spending to beef up border security after lawmakers failed to enact broader immigration reforms championed by President George W. Bush.Oh please. Does anyone, anyone at all, really believe that Bush intends for a single second to beef up border security? Not for a second folks. In a test ca...
A HousingPANIC message to Ben Bernanke, William Poole and the Federal Reser
2007-08-06 07:33:00 Raise the discount rate to the moonThank you-HousingPANIC
By: Housing PANIC
The Fed's William Poole correctly says the mortgage lenders and homebuilder
2007-08-05 12:09:00 Damn, this is getting interesting... So interesting that if you work for an Alt-A "Liar's Loan" lender, or a homebuilder targeting people with low incomes and bad credit, and you haven't been laid off yet, you might want to start packing up Monday, and take the plants home now... Doesn't sound like the Fed is gonna be bailing you out..."This year?s markets punished mostly bad actors and/or poor lending practices. The market?s punishment of unsound financial arrangements has been swift, harsh and without prejudice?-William Poole, President Federal Reserve Bank of St. Louis, July 2007
By: Housing PANIC
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