Hello ACF Mike, <<US Social Security So-Called Crisis is solved - patriotic Americans are eating themselves into an early grave>>
... give new twist to "give me liberty or give me death". This variation is "give me freedom from taxes by giving me death"
Today a newsletter in my in-tray noted the following:
"FNM collapsed 4 percent to another new low after regulators said that they had found instances of forged signatures on accounting ledgers as well as altered database records related to earnings"
So, first AIG, then GM, and now, FNM. Can GE be far behind in the parade of the uglies? Be patient, the show just got started :0)
Another note,
"Homebuilders were busted for 2 to 4 percent across the board, with the vast majority making new lows for the move. TOL was hit the hardest, as it was clipped for nearly 5 percent. The catalyst for today’s selling wasn’t the bond market (it’s still receiving a flight to “quality” bid due to GM’s woes). This time it was a press release from the National Association Of Realtors (NAR), which pointed out that 44 percent of the “vacation homes” purchased in 2004 in the US were within 25 miles of the buyers primary residence. In other words, these were not “vacation homes”, they were speculations"
This is going to be good, and better than 2000 rehearsal.
Maestro Uncle Spankie Al Greensputin ("MUSAG") recently said there is no bubble in housing and advised folks to take up adjustable rate mortgages.
All hail Al.
We will soon learn the full and rough meaning of COLLAPSE.
Are you ready?
Chugs, Jay |
