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alstry (35.96)

September 2008

Recs

12

Why 30-50% Unemployment Coming

September 30, 2008 – Comments (13)

When I was telling you guys six months ago we were facing something unprecedented....few understood or believed.  I doubt there are many in the country who have spent as much time analyzing and/or undertand this issue as Alstry.  Once our nation realizes how dependant our economy became on easy credit...and how it infected practically every aspect of commerce..then and only then will they realize how dire the outcome will be once credit is removed and we are forced by the bankers to pay back the debt as they receive government handouts.  [more]

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33

The KEY little Secret

September 30, 2008 – Comments (12)

Shhhhh.  We don't have a credit crisis.......but please keep it to yourself.  [more]

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15

Oh Goooody.....Its Crashing!!!!

September 30, 2008 – Comments (2)

Let's See How the Media Spins this Mess:  [more]

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13

Buffett and the USA...we have all the $$$$ you need

September 29, 2008 – Comments (4)

All this bickering over the bailout bill is NONSENSE(aside from the fact that the plan and bill as voted is nonsense as well).  Poo Poo Pelosi...Dump Dodd....F*^k Frank...Punt Paulson....Bump Bush.....and Maul McCain  [more]

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8

More and more of America shutting down

September 29, 2008 – Comments (0)

Bill Heard Enterprises Inc., one of the largest Chevrolet dealers in the U.S., filed for Chapter 11 bankruptcy protection in a Decatur, Ala., court after shutting down last week amid a prolonged downturn in the U.S. auto industry.  [more]

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15

Don't Panic!!!!!!!!

September 29, 2008 – Comments (3)

My suggestion is go and buy a few cases of bottled water.  [more]

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15

10,000 more to the wolves

September 29, 2008 – Comments (3)

11:19 a.m.    [C] Citi CFO: headcount to decline by roughly 10,000 in Q3

Sure we are going to save the "system" .... just not the economy or the people.

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20

Financial Bailout=Economic Collapse

September 28, 2008 – Comments (14)

Get ready for dramtically rising interest rates and tighter credit leading to a dramatic slowdown in the economy.  Yes Demon...I still think its deflation....but it still can go the other way.  [more]

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15

RUN for Cover

September 28, 2008 – Comments (14)

SEC. 132. SUSPENSION OF MARK-TO-MARKET ACCOUNTING.
(a) AUTHORITY.—The Securities and Exchange Commission shall have the authority under securities laws (as such term is defined under section 3(a)(47) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(47)) to suspend, by rule, regulation, or oder, the application of Statement Number 157 of the Financial Accounting Standards Board for any issuer (as such term is defined in section 3(a)(8) of such Act) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.  [more]

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9

It is NOT about Mainstreet

September 28, 2008 – Comments (2)

If another Politician says this banking welfare plan is about Mainstreet.......vote him or her out of office and call their bluff!!!!!!!!!!!!!!!!!!!!  [more]

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15

Biggest MELTDOWN in American History

September 28, 2008 – Comments (6)

WASHINGTON (CNN) -- Billionaire Warren Buffett told congressional negotiators that if they can't agree on a proposed financial bailout, the nation will face "its biggest financial meltdown in American history," two sources familiar with the talks said.   [more]

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17

The Bailout is NONSENSE!!!!!

September 28, 2008 – Comments (7)

The issue is that revenues are evaporating.  I have been warning you about this for months.  Our politicans have the problem bass ackwards.  Banks are not making loans not because they don't have liquidity.....it is because they are few qualified or wanting to borrow money.  [more]

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12

What Happened to America???? and its leaders

September 27, 2008 – Comments (2)

We were once a nation founded on principals.  Our leaders put country first and concepts like life, liberty and the persuit of happiness actually meant something.....to its people.    [more]

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12

Alert.....Municipal Meltdown!!!

September 26, 2008 – Comments (8)

This is something I have been warning about that none of our politicians are addressing....yet  [more]

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7

Alstry's Deal or No Deal

September 26, 2008 – Comments (6)

VP babe Palin says if we don't do a deal we will go into the Great Depression.  Paulson says it will be armegeddon.  Bush says it will be grave.  That pretty much rounds the bases....no deal we are hosed.  [more]

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14

Everything is INSOLVENT....not illiquid

September 26, 2008 – Comments (1)

We are bein told a lie.......  [more]

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7

The USA for the Economy

September 25, 2008 – Comments (0)

Don't give $700 million to the banks and we go into financial armegeddon.  That is what we are told.  The banks will not have any money to buy our treasuries and the whole government collapses.....and the economy with it.  Remember Auction Rate Securities and what happened when the banks backed off????  [more]

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14

Shrink or Die

September 25, 2008 – Comments (2)

First, let's get one point clear....we have too many fricken homes in America.  [more]

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12

The Truth....It's Bush's and Govt's Fault...among others

September 25, 2008 – Comments (1)

Everyone talks about subprime and mortgages being the issue....it is only a small part of the problem.  [more]

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11

What the President forgot to say

September 25, 2008 – Comments (6)

President George W. Bush on Wednesday warned Americans and legislators reluctant to pass a historic financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed business and "a long and painful recession."  [more]

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13

McCain Throws in the Towel!!!!!!

September 24, 2008 – Comments (1)

I have been joking with my Republican buddies for some time that by the time of the election...more Republicans will vote for Obama than McCain due to the economic stresses facing the nation.  [more]

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20

Everybody Talking Like Alstry

September 24, 2008 – Comments (12)

Cramer is now talking about 20-30% umeployment.  [more]

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10

Should FBI investigate Public Homebuilders

September 24, 2008 – Comments (1)

So finally the FBI is investigating AIG, LEH, Fannie and Freddie for fraud.  [more]

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13

Paulson threatening USA???

September 23, 2008 – Comments (9)

Sept. 23 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said it would be ``a grave mistake'' for Congress to delay or curtail the $700 billion he requested to buy troubled assets to stabilize the financial system.   [more]

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30

Paulson should PAY America $40MM Dollars

September 23, 2008 – Comments (9)

King Czar Henry Paulson made $40 million dollars as CEO of Goldman Sachs the year he became Treasury Secretary.  Much of that gain was as a direct result of selling this crappy toxic debt which is destroying our nation.  [more]

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18

Housing heading for Disaster

September 23, 2008 – Comments (5)

"I barely have money to survive," he said.   [more]

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10

Paulson and Palin both like to charge the innocent rape victims

September 22, 2008 – Comments (2)

Paulson wants to rape innocent taxpayers by forcing them to pay for Goldman reaping incredible profits from selling toxic debt.  [more]

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17

Didn't Paulson Create this Crisis????

September 22, 2008 – Comments (8)

Last year, Goldman Sachs paid out $11.7bn (£6.7bn) to its 22,425 employees - around 3,000 of whom are in London.  [more]

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6

Intentional Destruction of Amerika

September 21, 2008 – Comments (1)

Published: February 11, 2000

The Federal Reserve chairman, Alan Greenspan, urged Congress today to encourage the growth of complex financial contracts known as derivatives before the United States share of that market and associated benefits are lost to other countries.   [more]

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15

Paulson says SQUEAL my little sheeple

September 21, 2008 – Comments (6)

Paulson was CEO of Goldman Sachs.  GS was one of the key players in creating this mess while Paulson presided.  GS new exactly how bad things were and you can bet Paulson knew as well.  All along Paulson says all is fine while Alstry, Denninger, Mish, Roubini and others were warning about how bad things really are.   [more]

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15

WARNING!!!! New Tax Rate 100%

September 21, 2008 – Comments (1)

Why do we need to rescue banks?  [more]

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9

Everything is TOXIC right now

September 20, 2008 – Comments (3)

Many individuals can't meet basic needs without borrowing.  [more]

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14

Lord Z...Prepare to go Broke

September 20, 2008 – Comments (13)

It is pretty funny....some people get upset at my posts for simply warning them about what is going to happen.  First, Alstry it is not too serious because our government tells us all is fine.  Then Alstry even if it is serious we should drink wine.  [more]

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9

Is Paulson about to ???? YOU

September 20, 2008 – Comments (6)

"I am convinced that this bold approach will cost American families far less than the alternative -- a continuing series of financial-institution failures and frozen credit markets unable to fund economic expansion," Mr. Paulson said at a morning press conference.  [more]

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8

A Deal with the Devil????

September 19, 2008 – Comments (3)

Save the Financial System in exchange for destroying the economy????????  [more]

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16

WARNING!!!! Bend Over

September 18, 2008 – Comments (6)

You are about to get the hot injection from Wall Street.  [more]

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10

An accounting lesson

September 18, 2008 – Comments (2)

You will soon find out what a company whose debt exceeds is assets and has little prospects of making an economic profit is really worth.  Some people will call this deleveraging.....others will call it bankruptcy.......now the question is how many thousands of companies will deleverage and declare bankruptcy.  [more]

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9

Thanks Private Equity Funds

September 17, 2008 – Comments (1)

Over the past five years.....Private Equity funds have purchased thousands of businesses using incredible amounts of leverage.  Companies that once had sound balance sheets are now indebted up to the eyeballs.  [more]

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11

You have been WARNED!!!!!!!

September 17, 2008 – Comments (5)

For months I have been pointing out that the books of many of America's most important companies did not reflect the underlying fundamentals.  No where was this more evident than the publicly traded HBs.  As management lied to you about the value of the assets on the books, the dumped their shares on the open market as Wall Street played along with the charade.  [more]

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9

More Downward Pressure

September 17, 2008 – Comments (1)

NEW YORK (MarketWatch) -- One of the original and largest money market funds has put a seven-day freeze on investor redemptions after the net asset value of its shares fell below $1, in a rare instance in the fund industry of what is called "breaking the buck."   [more]

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11

Are Americans About to Loose Everything????

September 16, 2008 – Comments (10)

Last week our government took over our two largest mortgage companies in the country.  Tonight our government took over our largest insurance company.  Next we might expect our government to take over our largest auto companies and our largest airlines.  You think the airlines and autos are in any different financial condition vs. AIG or FNM nor any less important to our economy?  Then who knows what is next?  [more]

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13

ALERT: Is anything safe????

September 16, 2008 – Comments (5)

NEW YORK (MarketWatch) -- One of the first and largest money market funds has put a seven-day freeze on redemptions after the net asset value of its shares fell below $1. Primary Fund a $62 billion fund managed by money market fund inventor The Reserve, said Tuesday afternoon that its $785 million holding of Lehman Brothers Holdings debt has been valued at zero. As of 4 p.m., the value of the fund's share is 97 cents. The Reserve said that redemption requests received before 3 p.m. Tuesday will be paid out at $1 a share.  [more]

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15

Best Buy running dry????

September 16, 2008 – Comments (1)

Is Wall Street finally waking up to the BS accounting that will wipe out most of America's retirement accounts????  [more]

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9

How to SOLVE the Housing Crisis-Step One

September 15, 2008 – Comments (3)

Force Public Homebuilders to STOP building homes and dumping them at a loss destroying value for millions of homeowners around where they build.    [more]

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10

When Few Pay Taxes

September 15, 2008 – Comments (1)

Corporate CEO's lying.  Millions in bonuses going to executives destroying companies.  Government officials lying.  The Media lying.  Pretty soon people catch on and trust starts breaking down.  Heck, if they can screw the public and not have any consquences....why should I have to do my part.  [more]

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13

Why did the Toll Brothers just SOLD millions of shares????

September 15, 2008 – Comments (2)

Here is some analysis that other CAPs players don't tell you.  [more]

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10

Why 50% unemployment

September 15, 2008 – Comments (0)

First of all, I am not saying we have 50% unemployment right now.  I am saying using tradtional calculation methodolgies......we COULD reach 50% unemployment.  [more]

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11

Heart Failure

September 15, 2008 – Comments (5)

Roubini:   [more]

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13

So Much for those 70 year charts......

September 14, 2008 – Comments (13)

WASHINGTON (CNN) -- The U.S. credit squeeze has brought on a "once-in-a-century" financial crisis that is likely to claim more big firms before it eases, former Federal Reserve chief Alan Greenspan said Sunday.  [more]

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15

$85 BILLION bad bank?????

September 14, 2008 – Comments (5)

From the WSJ:   [more]

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12

The worst EVER !!!!!!!!!

September 13, 2008 – Comments (3)

Up to 30 more airlines will go bankrupt before Christmas, the chief executive of British Airways warned yesterday, as the biggest rescue of stranded passengers in travel industry history began.  [more]

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11

Crisis Alert !!!!!!

September 13, 2008 – Comments (9)

Timothy F. Geithner, the president of the New York Federal Reserve, called a 6 p.m. meeting so that bank officials could review their financial exposures to Lehman Brothers and work out contingency plans over the possibility that the government would need to orchestrate an orderly liquidation of the firm on Monday, according to people briefed on the meeting.   [more]

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12

How do you fix a banking SOLVENCY crisis????

September 12, 2008 – Comments (4)

Here is the problem:  [more]

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8

One HUGE Ghost Town

September 12, 2008 – Comments (2)

“‘The guy who parties the hardest will have the biggest hangover,’ he said. ‘We estimate 67,000 homes were built in Arizona that didn’t have population living in them. Basically, we built a ghost town.’”  [more]

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11

Amazing Week of Destruction

September 12, 2008 – Comments (7)

In one week, we saw the equity of Fannie, Freddie, Lehman, and WaMu pretty much get destroyed.  We watched these four financial companies, which once had a combined equity value of over $200 Billion recently, pretty much wipe out shareholders.  $200 Billion dollars of equity gone.  [more]

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14

The BS is getting outta hand

September 11, 2008 – Comments (5)

CEO's saying they see the light at the end of the tunnel and then dumping millions of shares at the same time.  [more]

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14

Executives Fleecing America

September 11, 2008 – Comments (4)

Again, the SEC is letting corporate executives make billions and say whatever in the heck they want to as the American public watches their retirements evaporate.  [more]

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20

If this doesn't flag WARNING.....nothing will!!!!!!!!!

September 10, 2008 – Comments (9)

Berkshire Hathaway subsidary in Kansas to stop insuring bank deposits above FDIC limit   [more]

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17

Strange Times

September 10, 2008 – Comments (7)

Think about this for a second......NOBODY KNOWS what to believe any more in the financial markets.  [more]

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7

$1 Golf Course Too Expensive!!!! and some people see a housing turnaround????

September 09, 2008 – Comments (0)

The sounds of 'fore' on a local golf course may soon be silenced due to a foreclosure of sorts. Like many homeowners facing foreclosure, the owners of Wild Wings Golf Course near Woodland say they can't pay their bills and plan to walk away from the property. The closure would mean homeowners who bought homes with a golf course view may soon be seeing brown instead of lush green fairways.  [more]

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11

War Alert.....Housing Stimulous????

September 08, 2008 – Comments (1)

WASHINGTON (Reuters) - President George W. Bush on Monday froze a lucrative civilian nuclear pact with Russia, the first big penalty imposed on Moscow after its war with Georgia but one that can be reversed.   [more]

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11

Has America Become Enron????

September 08, 2008 – Comments (4)

Integrity in our financial markets is what distinguished America from the rest of the world.  [more]

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10

Demon....It is now time for Deflation

September 07, 2008 – Comments (6)

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."   [more]

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10

Is Fannie and Freddie a Nookliar WARNING SHOT????

September 07, 2008 – Comments (3)

The government’s planned takeover of Fannie Mae and Freddie Mac, expected to be announced on Sunday, came together after advisers poring over the companies’ books for the Treasury Department concluded that Freddie’s accounting methods had overstated its capital cushion, according to regulatory officials briefed on the matter.  [more]

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14

FloridaBuilder....The Implications of Fannie and Freddie

September 06, 2008 – Comments (6)

Just a few weeks ago Paulson was saying no intervention was needed and Fannie's CEO was bragging about how well capitalized they were.  [more]

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6

The WORST finanical CRISIS EVER!!!!!!

September 06, 2008 – Comments (7)

Let's get something clear, this is NOT you typical ordinary recession.  This is the Worst Fincanical Crisis since the great depression that is shutting our economy down.  We are now at the point where the revenues for our Auto Industry is insufficient to service its hundreds of billions of debt.  Almost 10% of ALL mortgages in America are delinquent.....never in our nations history have we even come close to contemplating these numbers.  It has become so bad that we are putting $5 Trillion dollar Fannie and Freddie into effectively bankruptcy.  [more]

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16

Palin: Censor or you are FIRED!!!!!

September 05, 2008 – Comments (28)

WASILLA -- Back in 1996, when she first became mayor, Sarah Palin asked the city librarian if she would be all right with censoring library books should she be asked to do so.

According to news coverage at the time, the librarian said she would definitely not be all right with it. A few months later, the librarian, Mary Ellen Emmons, got a letter from Palin telling her she was going to be fired. The censorship issue was not mentioned as a reason for the firing. The letter just said the new mayor felt Emmons didn't fully support her and had to go.   [more]

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7

Imagine the number of FORECLOSURES NOW

September 05, 2008 – Comments (1)

With 6.1% unemployment....that is another half a million people looking for work......  [more]

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8

Thanks President Bush

September 05, 2008 – Comments (7)

As long as banks are lending money to families without concern for ablitity to repay.....it is easy for one spouse to stay at home.    [more]

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7

Bob Toll's Dirty Little Secret????

September 05, 2008 – Comments (0)

Bob Toll dumped 1.5 million shares a few weeks ago.  Was Bob Toll dumping houses cheap just to make revenues look strong this quarter?????  [more]

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10

Sure Mr. McCain...the economy is just fine

September 04, 2008 – Comments (0)

“‘July was absolutely awful,’ said Steve Doyle, president of the San Diego division of Brookfield Homes. ‘It was the worst month I’ve ever seen.’  [more]

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12

Did someone SCREAM "FIRE"

September 04, 2008 – Comments (11)

"Financial Tsunami"  [more]

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9

More HOV nonsense and stupid hombuilder analysis

September 03, 2008 – Comments (4)

Let's get one point clear......home prices are falling around America.  Home prices are falling for a variety of reasons including skyrocketing foreclosures, rising unemployment, falling wages, increasing non housing related costs, tightening credit standards all resulting in too much supply and too little demand.  [more]

Recs

8

Should SEC investigate into HOV's financials????

September 03, 2008 – Comments (2)

From today's earnings release:   [more]

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8

Republican's Obvious Bait and Switch for Lieberman

September 03, 2008 – Comments (13)

Nominate someone that appeals the the far right who you know will get thrown off the ticket.  Within 24 hours anyone could have found out simply by reading the local paper that this "pro life" women got on a 10 hour commerical flight while in labor with a high risk pregnancy and belonged to an organization that wanted to serparate Alaska from the rest of the US as the slogan for the campaign is Country First.  [more]

Recs

7

Costco Real Same Store Sales Negative

September 03, 2008 – Comments (2)

Costco reported that its domestic same store sales was up 9%.  Adjusting for a 40% increase in gas prices, the company reported sales were up only 6%.  [more]

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11

Perky Palin vs. Wacko Brother in Law

September 02, 2008 – Comments (10)

Let's take a poll:  [more]

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8

Retail Ghost Towns.......Boo!!!!

September 02, 2008 – Comments (2)

The vast sea of empty parking spaces at the South Coast Home Furnishings Centre tells a story about our local economy better than any graph or chart.   [more]

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16

Dog the Wag????

September 01, 2008 – Comments (8)

We have a financial system in severe crisis where the loans are defaulting at record rates and the collateral is crashing in value.    [more]

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10

The Last Labor Day???? Time to Get it Right!!!!!

September 01, 2008 – Comments (2)

The Tory leader went on: "I think it's extraordinary that the chancellor said it, because – remember – a chancellor of the exchequer has got to think not only 'I must tell the truth at all times' but also 'I must use my words carefully, so that I don't actually create a situation that's even worse, that creates a crisis of confidence'."  [more]

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9

The Cancer Is Spreading

September 01, 2008 – Comments (1)

“People here worry that they won’t have enough money to last through the month,” he said.   [more]

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10

This is Pretty Funny.....

September 01, 2008 – Comments (6)

The amazing part is it apprears to be true if you read the local Alaska newspaper.  [more]

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