Keyword: eeyore

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  • 3 Cheers for Obama’s defeat-no cheer from the RINO victory - ALAN KEYES

    01/20/2010 9:50:36 AM PST · by EternalVigilance · 506 replies · 5,593+ views
    Loyal to Liberty ^ | January 20, 2010 | Alan Keyes
    Loyal to Liberty Wednesday, January 20, 2010Alan Keyes  I can't help but look at Scott Brown's win in Massachusetts in the context of the larger strategy clearly being implemented by the RINO (Republican-In-Name-Only) clique that currently controls the GOP. Sean Hannity is the clique's bellwether media tool. It was no coincidence that he featured Mitt Romney on his program last night to revel in the Scott Brown victory. Scott Brown in Massachusetts is the advance guard for Mitt Romney in the White House (or vice-versa). He becomes the poster child for the RINO clique's archetypal GOP candidate who: Has no...
  • Poll Says Obama Holds Slight Lead Over McCain(43% D's 33% R's McCain down 5% nationally)

    10/21/2008 9:54:29 PM PDT · by Hones · 30 replies · 1,090+ views
    The Pittsburgh Channel ^ | 10-21-08 | Franklin and Marshall College
    WASHINGTON -- Democrat Barack Obama leads Republican John McCain in the U.S. presidential race by 5 percentage points, according to a survey conducted in October of likely voters. Read The Full Survey Watch the report from WTAE-TV Washington Bureau reporter Sally Kidd Obama is leading McCain 50 percent to 45 percent, the October 2008 Franklin and Marshall College Poll found.
  • Existing Home Sales Drop to 4-Year Low

    05/25/2007 1:01:40 PM PDT · by GodGunsGuts · 35 replies · 1,155+ views
    AP (via Newsmax) ^ | May 25, 2007
    Existing Home Sales Drop to 4-Year Low MoneyNews Friday, May 25, 2007 WASHINGTON -- Sales of existing homes fell by a larger-than-expected amount in April while the median price of a home sold during the month fell for a ninth straight month as the troubles in the subprime mortgage market acted as a further drag on housing. The National Association of Realtors reported Friday that sales of existing homes fell by 2.6 percent last month to a seasonally adjusted annual rate of 5.99 million units. That was the slowest sales pace since June 2003. The median price of a home...
  • Is John Kerry the new Joe Btfsplk?

    05/26/2007 12:02:35 PM PDT · by UnklGene · 16 replies · 948+ views
    ESR.com ^ | June 6, 2004 | Paul M. Weyrich
    Is John Kerry the new Joe Btfsplk? (June 6, 2004) Paul M. Weyrich June 6, 2004 Senator Zell Miller, (D-GA) made an interesting point when he addressed a meeting I chaired earlier this month. He asked the audience if they remembered the comic strip "Li'l Abner"? Less than half did. He went on to explain that there was a character, Joe Btfsplk, who always had a rain cloud above his head. No matter how sunny the rest of the strip was, Joe never escaped the rain cloud. That character in today's politics, said Sen. Miller, is John Kerry. Miller went...
  • GREENSPAN SEES A SINKING DOLLAR

    12/12/2006 8:40:21 AM PST · by GodGunsGuts · 43 replies · 1,265+ views
    Houston Chronicle ^ | December 12, 2006
    Dec. 11, 2006 Greenspan sees a sinking dollar Bloomberg News Former Federal Reserve Chairman Alan Greenspan said the dollar will probably keep falling because it's unlikely that international fund managers will continue to increase their allocations to the U.S. currency. Russia and other oil-producing currencies are shifting their assets out of dollars toward the euro and yen, a Bank for International Settlements quarterly report showed Monday. Greenspan said the dollar, heading for its fourth annual decline in the past five years, will probably keep falling until the U.S. current-account deficit diminishes. "It's imprudent to hold everything in one currency," Greenspan...
  • An Economic Pillar on the Verge of Collapse

    12/07/2006 8:52:46 AM PST · by GodGunsGuts · 180 replies · 3,675+ views
    Washington Post ^ | December 6, 2006 | Steven Pearlstein
    An Economic Pillar on the Verge of Collapse By Steven Pearlstein Wednesday, December 6, 2006; D01 It's been more than a year since we've heard from those who denied there was a housing bubble. Since then, the industry boosters, along with the "soft-landing" crowd over at the Federal Reserve, have coalesced around the idea that maybe the market got a bit frothy after all, but now the correction is almost complete, the unsold inventory's been worked off and the worst is behind us. But just when you're feeling hopeful again, you get reports like yesterday's Wall Street Journal piece reporting...
  • Toll Brothers hit by housing slowdown (fourth-quarter net income plunged 44 per cent)

    12/05/2006 8:21:40 AM PST · by GodGunsGuts · 147 replies · 2,004+ views
    Financial Times (via MSNBC) ^ | December 5, 2006 | Daniel Pimlott
    Toll Brothers hit by housing slowdown By Daniel Pimlott in New York Financial Times Dec 5, 2006 Toll Brothers said fourth-quarter net income plunged 44 per cent as the the largest builder of luxury homes in the US felt the full force of the downturn in the housing market....
  • Plunging dollar will set world markets reeling

    12/04/2006 8:24:00 AM PST · by GodGunsGuts · 32 replies · 1,545+ views
    Guardian Ulimited ^ | December 3, 2006 | Heather Stewart
    Plunging dollar will set world markets reeling Heather Stewart, economics correspondent Sunday December 3, 2006 The Observer The slowdown in the US economy, which has sent the dollar into freefall over the past fortnight, will have devastating knock-on effects in markets around the world, analysts warn. As the US slows, and consumers in the world's biggest economy feel the buying power of the dollar in their pocket declining, global growth will be hit hard, economists say. The greenback took yet another turn for the worse on Friday, after a survey of the US manufacturing sector showed output declining for the...
  • Dollar woes poised to carry over into next year (Greenback is down about 50% vs. euro)

    11/29/2006 8:46:56 AM PST · by GodGunsGuts · 316 replies · 3,409+ views
    MarketWatch ^ | Novermber 29, 2006 | Wanfeng Zhou
    Dollar woes poised to carry over into next year Greenback is down about 50% vs. euro in past five years; down 6% vs. yen By Wanfeng Zhou, MarketWatch Nov 28, 2006 NEW YORK (MarketWatch) -- After a precipitous slide in the last week that caught many traders off guard, the dollar is vulnerable to further losses and may continue to weaken against major rivals heading into 2007, analysts said Tuesday. "Sentiment for the dollar has been deteriorating steadily over recent weeks," said Mitul Kotecha, head of global foreign-exchange strategy at French investment bank Calyon. The decline was not prompted by...
  • Home Sales Observe Largest Decline Since 1996 (California

    10/14/2006 4:38:05 PM PDT · by finnman69 · 105 replies · 1,719+ views
    CBS 2 news ^ | 10/14/06
    (CBS) IRVINE The unsold inventory of new homes in Orange County is at the highest level since 1996, according to an economic forecast released Friday in Irvine. Through August, sales of existing homes in Orange County were off 29 percent compared to the same period a year ago, the largest year-over-year decline, according to the UCLA Anderson Forecast: Orange County Economic Outlook for 2007. The rate of sales over the last five months have been "brutally low," with Southern California home sales falling to their lowest level in nine years last month, according to the forecast.
  • 'The US housing bubble will disappear'

    10/14/2006 9:48:44 AM PDT · by GodGunsGuts · 474 replies · 5,401+ views
    in2perspective ^ | September 11, 2006 | Laurie Osborne
    'The US housing bubble will disappear' By Laurie Osborne, Editor Published 11th Sep 2006 That the US housing bubble will disappear someday is a certainty. That it will blow up catastrophically is a fair bet, warns The Daily Reckoning's Bill Bonner. Observing recent statistics, Bonner calls the evidence "formidable". The total value of residential property in developed countries rose by more than $30 trillion, to $70 trillion, over the past five years – eclipsing the combined GDPs of those nations. Consumer spending and residential construction have accounted for 90 percent of the total growth in the American GDP over the...
  • The Shifting Calculus of Buying a House

    10/13/2006 8:25:22 PM PDT · by ex-Texan · 22 replies · 562+ views
    AP/ Yahoooo ^ | 10/13/2006 | James R. Hagerty and Anjali Athavaley
    Report Predicts Price Declines In 100 U.S. Cities Over Next Few Years . . . Home buyers have another reason to sit on their hands. In the latest news from the slumping U.S. housing market, a report released this week says that median house prices are likely to decline more than 10% over the next few years in 20 metro areas, including Las Vegas, Tucson, Ariz., and Washington, D.C. The report, by Moody's Economy.com Inc., a research firm in West Chester, Pa., also says that the slump won't end quickly. Indeed, according to the report, prices may keep falling until...
  • Another Post-Bubble Shakeout (Morgan Stanley on the bursting real estate bubble)

    10/10/2006 2:25:14 PM PDT · by GodGunsGuts · 452 replies · 4,232+ views
    Morgan Stanley ^ | Aug 25, 2006 | Stephan Roach
    US: Another Post-Bubble Shakeout Stephen Roach (New York) Five and a half years ago the equity bubble popped. Within six months, the US economy went into mild recession, and the global economy was quick to follow. Today, America’s housing bubble is finally bursting. Is the die cast for another bubble-induced downturn in the US and global economy? All asset bubbles are alike. Sure, there are obvious differences between equities -- a financial asset -- and homes -- a tangible asset. But to me, the Shiller definition says it all: A bubble is an outgrowth of powerful amplification mechanisms -- both...
  • Tick. Tick. Beware the mortgage time-bomb

    10/11/2006 6:04:07 AM PDT · by Hydroshock · 56 replies · 1,742+ views
    CNN.com ^ | 10-9-06 | Jeanne Sahadi
    NEW YORK (CNNMoney.com) -- Mortgage rates have been trending down, but that won't do much to benefit those who signed up for low-teaser-rate adjustable-rate mortgages in the past few years. An ARM charges an initial discounted rate for a period of time, after which it adjusts to market levels. When some types of ARMs with teaser rates of 2 percent or less reset, the rates are likely to jump to more than 6 percent - and even as high as 9 percent. Home for sale profiles Help! Young and Ballanco The Orlando-based couple thought they were in a bubble. Are...
  • Risks of recession continuing to rise: Economy is slowing, showing warning flags

    10/09/2006 4:05:45 PM PDT · by GodGunsGuts · 329 replies · 3,785+ views
    Dallas Morning News via Chicago Tribune ^ | October 9, 2006 | Will Deener
    Risks of recession continuing to rise Economy is slowing, showing warning flags By Will Deener Dallas Morning News Published October 9, 2006 Excerpt: A recent Merrill Lynch economic report said that as much as half of the nation's economic growth is related to housing sales, construction and spending from home equity loans. "The worry here is that a housing decline will have a disproportionate impact on the American consumer," said Gordon B. Fowler, chief investment officer at Glenmede Trust Co., a Philadelphia money management firm. "Prices went up so much in recent years that now as they come down, it...
  • Condos Going Cheap: Bidders Get Great Deals on 31 Units at Hub Auction

    10/08/2006 4:00:38 PM PDT · by ex-Texan · 128 replies · 3,387+ views
    Boston Herald ^ | 10/8/2006 | Brett Arends
    Just how weak is the Boston real estate market? We got an idea yesterday. And if you’re looking to sell your home in the near future, the news isn’t good. Brand-new luxury condos downtown saw hundreds of thousands of dollars wiped off their value in the Hub’s first public real estate auction in a decade. The 31 condos up for sale in the Folio building on Broad Street sold on average for 30 percent below their asking prices. Some barely fetched their minimums. Even the building’s marketing boss couldn’t hide what happened. “I think the buyers got a better value...
  • Regulators Crack Down on "Exotic" Mortgages

    09/30/2006 9:03:57 AM PDT · by ex-Texan · 16 replies · 914+ views
    Maret Watch ^ | 9/29/2006 | Rex Nutting & Robert Schroeder,
    Lenders must consider borrowers' ability to pay the full cost of the loan WASHINGTON (MarketWatch) -- Cracking down on exotic mortgages that have exploded in popularity in recent years, U.S. regulators told banks Friday that they've got to make sure that borrowers can actually pay back the full amount of the mortgage. Exotic products, such as interest-only or payment option adjustable rate mortgages, allow borrowers to trade lower initial payments for higher payments later. But such products have raised red flags at the Federal Reserve and other banking regulators as more institutions offer them and they become available to a...
  • Frauds Pump Air into Real Estate Bubble

    09/29/2006 1:10:22 PM PDT · by ex-Texan · 46 replies · 1,605+ views
    Oregon Live ^ | 9/27/2006 | S. Renee Mitchell
    It seems like every month, I'm running into people passing out a slick new business card that announces them as a real estate agent or mortgage broker. Who wouldn't want to get a piece of the action? On certain Portland streets, housing prices are doubling in a matter of months. And when there's this kind of temptation to make quick money, greed can't be far behind.Insiders call it land flipping. Silent second. Straw buyers. Foreclosure fraud. Equity skimming. Air loans. If there's a thought to do it, there's a scheme attached to it."It's the fastest-growing white collar crime in the...
  • Housing slump could pinch consumer spending

    09/28/2006 9:31:53 AM PDT · by Hydroshock · 47 replies · 669+ views
    msnbc.com ^ | 9-27-06 | John W. Schoen
    One of the many benefits of the now-cooling housing boom — both to consumers and the U.S. economy — was the huge pile of cash extracted in the form of home equity loans and “cash-out” mortgage refinancings. But with home prices flattening, and that multibillion-dollar piggy bank drying up, can consumers continue the shopping spree that accounts for more than two-thirds of the U.S. economy? There was fresh evidence of the housing slump this week, as separate government reports showed prices of both new and existing homes fell year-over year in August. For existing homes, it was the first year-over-year...
  • Adjustable Rate Shell Game Can Take Hefty Toll

    09/27/2006 4:18:39 PM PDT · by ex-Texan · 54 replies · 1,544+ views
    NorthJersey.com ^ | 9/27/2006 | Heather Haddon
    Gerard Herard was able to finally purchase a home in 2003 through a $225,070 mortgage from Security Atlantic Mortgage. His payments on the quaint Totowa Avenue house in Paterson were a reasonable $1,300 a month. But Herard's payments have since increased to $2,200 a month and the mortgage has grown, not shrunk, to roughly $300,000. Herard is not entirely sure why his situation changed so dramatically and is struggling to deal with the increase. "I'm trying to climb a steep ladder," said Herard, 53. In recent years, lenders have lured scores of homeowners to untraditional mortgages with changing terms. Many...