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

To: Ramsey Su who wrote (24941)	1/19/2005 11:41:37 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

More junk bond borrowing "opportunities" to go along with GM. A Federal budget freeze ought to up the ante even more. stateline.org That old familiar refrain of the artificial economy : expediency and eat your young: The problem for many states is that they’ve already dipped into reserve funds and tapped tobacco settlement money to fill previous budget gaps. Unlike the federal government, all states except Vermont require balanced budgets. “A lot of state didn’t make structural changes, but relied on one-time fixes,” said Jason Mercier, budget analyst for the Evergreen Freedom Foundation in Olympia, Wash., a group that advocates for limited government.

To: Ramsey Su who wrote (24941)	1/19/2005 11:51:11 AM
From: John Vosilla	Respond to of 110194

<Then they said GMAC should earn $2.5 billion, down from $2.9 billion this yr. So they make a jillion cars just to make $300 million while GMAC earns the lion's share.> Financial engineering at its finest. We will eventually find that a similar high percentage of the profitability in the housing industry today is attributable to the carry trade and easy monetary policy.