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To: Bucky Katt who wrote (24577)	6/24/2005 4:55:59 PM
From: Joe Smith	Respond to of 48461

TAGS really bounced back today. Shoulda pulled the trigger...

To: Bucky Katt who wrote (24577)	6/24/2005 4:56:13 PM
From: BW	Respond to of 48461

HSR - nice news, I still have a good bit of it. Hi-Shear Awarded $3.5 million Recovery Sequencer Contract Friday June 24, 3:39 pm ET TORRANCE, Calif.--(BUSINESS WIRE)--June 24, 2005--Hi-Shear Technology Corporation (AMEX:HSR - News) today announced that it has been awarded a $3.5 million contract by the U.S. Department of the Navy, Mechanicsburg, PA, to manufacture, test and deliver analog recovery sequencers. Deliveries are expected to begin in March 2006. The analog recovery sequencer produced by the Company is fitted on the pilot's seat of an advanced fighter aircraft and controls the ejection process for the pilot from the time the ejection "button" is hit to the deployment of chutes and chute release on landing. The recovery sequencer is used on the, F-15, F-16, F-22, F-117, and A10 fighter aircrafts, including the B-1 and B-2.

To: Bucky Katt who wrote (24577)	6/24/2005 5:02:40 PM
From: herry iball	Read Replies (2) \| Respond to of 48461

Stupid Comments by the FED (and others too) and Mortgage Debt has grown from 15% to 68% of GDP (From MISH) I will start off with one comment that is so blatantly stupid that it was instantaneously perceived as being completely stupid by practically everyone. I intended to do a blog on this one item alone but by the time I passed the comment around, three other blogs were already reporting on in. In case you missed it however, here it is: Federal Reserve Bank of Dallas President Richard Fisher said to CNBC TV on Wednesday "Where would the world be if Americans did not live out their proclivity to consume everything that looks good, feels good, sounds good, tastes good? We provide a service for the rest of the world. If we were running a current account surplus or trade surplus, what would happen to economic growth worldwide and what would be the economic consequences? So I think we are doing our duty there". Wow, that is stunning! We provide a service to the world by consuming everything that "looks good, feels good, sounds good, and tastes good". Damn. That is quite a "service", and to get paid for it too. It's a tough job and since no one else wants it, I guess the US will just have to bear the sacrifice and pay it alone. . . Could the April job numbers possibly have been more horrid? I was stuck in gloomy woe on those numbers, saying woe woe woe, until I saw this analysis from Wachovia's chief economist John Silvia who had this bit of wisdom to offer: "Wages and unit labor costs rising and unemployment rates falling suggests we are running out of workers." Wow. We are running out of workers. That is staggering. I think this is a national disaster. Then again, if we are running out of workers why are we threatening China with 27.5% tariffs on grounds that they are stealing all of our jobs? OK Mr. Silvia I now have the dreaded CD (Conundrum Disease) on top of Spring Fever. This could be serious. Here is my question: How can China be stealing our jobs when we are running out of workers to fill them? Then again, that comment seems so blatantly stupid I must award it the silver medal. CNBC was quite interesting on Friday. I hope everyone had a chance to catch the pearls of wisdom from a real estate investment club in LA in which members shared their investment strategies reminiscent of the stock euphoria of 2000. Said one club member "I am using negative amortization loans, and yes it adds $10 thousand to my loan, but the properties are appreciating $100-150 thousand." Another comment was "I quit my job that I had for thirty years and I am investing in real estate full-time. I am not just investing, I am investing smart." Gee, after a 20 year run up in housing prices that have gone parabolic in the last couple years, I am sure relieved to know that he is "investing smart". I have another question: Does negative amortization with leverage sound remotely like margin? . . Full article here: globaleconomicanalysis.blogspot.com Also, Mortgage Debt has grown from 15% to 68% of GDP globaleconomicanalysis.blogspot.com