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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (3487)	12/16/2003 8:31:50 PM
From: mishedlo	Respond to of 110194

A good analysis of inflation, deflation and the FED cifunds.com

To: russwinter who wrote (3487)	12/16/2003 8:36:04 PM
From: mishedlo	Respond to of 110194

full article here: realtor.org AMERICAN DREAM DOWNPAYMENT ACT HEADS TO PRESIDENT <WASHINGTON (December 9, 2003) – Approximately 80,000 low-income families will receive millions in grants over the next two years to help them pay downpayment and closing costs on their first home under legislation backed by the National Association of Realtors®. The American Dream Downpayment Act, H.R. 1276/S. 811, passed its final hurdle in Congress today and now heads to President Bush for his signature. The bill, which was one of NAR's top priorities this year, was introduced by U.S. Sen. Wayne Allard (R-Colo.) and U.S. Rep. Katherine Harris (R-Fla.) and quickly gathered bipartisan support. President Bush and U.S. Housing and Urban Development (HUD) Secretary Mel Martinez first proposed the idea for the legislation earlier this year as part of the administration's commitment to help low-income and minority families achieve the American dream of the homeownership. "Realtors® commend Congress and the administration for their tremendous leadership and dedication to helping more families achieve the American dream of homeownership through the American Dream Downpayment Act," said NAR President Walt McDonald, broker-owner of Walt McDonald Real Estate in Riverside, Calif. "This is a major victory for thousands of American families. Although our homeownership rate is at a record high, one out of seven American families still faces critical housing needs. The American Dream Downpayment Act works by reducing two of the biggest hurdles to homeownership – downpayment and closing costs – for 40,000 families a year. This bill alone will create thousands of housing opportunities while simultaneously helping sustain the housing market, which has been the pillar of our economy.">

To: russwinter who wrote (3487)	12/16/2003 9:01:26 PM
From: mishedlo	Respond to of 110194

Natural Gas financialsense.com

To: russwinter who wrote (3487)	12/16/2003 9:06:55 PM
From: mishedlo	Respond to of 110194

mises.org One of the more confused propositions in the realm of currencies and exchange rates is the belief that the value of a currency is measured or determined by the exchange rate. For example, the dollar has fallen about 13 percent against the euro in this year and has lost about a third of its value against the euro since mid-2001. This makes some people believe that the value of the dollar has fallen and the value of the euro has risen. From observing the exchange rate, people do make inferences about the value of each currency. I respectfully challenge that view. The exchange rate is a measure of the relative value of these two currencies, not the value of the dollar or the euro per se. We cannot a priori rule out either that both the value of dollar and the euro has risen lately but the euro a bit more, or that both has lost in value but the euro less, or that one of them has kept its value and only the other changed. I believe both have lost value since mid-2001, as we shall see below, only the euro has lost less. It is not possible to determine the change in the value of a currency between two dates by looking at the change in the exchange rate. Similarly, it is not possible to infer the future value of a currency from an estimate of the future exchange rate, indeed, not even if one knew what the future exchange rate was. Instead, it runs the other way around. It is the value of one currency in relation to another currency that is the fundamental determinant of the exchange rate. One has to start by assessing the future value of the currencies that one wants to estimate the future exchange rate of.

To: russwinter who wrote (3487)	12/17/2003 7:40:31 AM
From: austrieconomist	Read Replies (1) \| Respond to of 110194

I'll see your Reuters News Release and raise you another Russell's Remarks: The chart below was shown a week ago, but the downside has continued since then. This is a chart of the retail group, and you can see that it gave a "triple bottom sell signal" (breaking below three O's) at 89, and then continued lower. The Retail Holders index has not yet broken below its (blue) rising trendline, but it's getting very close.