Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (40909)	11/10/2005 9:05:53 AM
From: shades	Read Replies (1) \| Respond to of 116555

The dudes with most of our money got suckered: Message 21211887 They have lots of green paper, they may even collect lots of shiny metal. But it seems we still have lots of the black stuff that makes tanks go and makes economies really function. When you show me a car that goes on GOLD, or GOLD based fertilizer that grows my food - I will get with your program, until then let the asians have all of it they want - and you and me focus on what really is in NEED in the world and has REAL demand by everyday human beings like coconut. treehugger.com Sunballs make your energy grow.

To: Square_Dealings who wrote (40909)	11/10/2005 10:17:38 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Trade gap hits record after Katrina Record oil prices in the aftermath of Hurricane Katrina and a drop in overall exports helped push the U.S. trade deficit to a record $66.1 billion in September, shattering the previous high of $60.4 billion set in February, the government said on Thursday. The record trade gap was much wider than a mid-point forecast of $61.0 billion made by Wall Street economists. The Commerce Department said the deficit widened 11.4 percent from August, the largest month-to-month jump since June 2004. U.S. crude oil prices hit a record $70.85 per barrel following Katrina, which slammed into the U.S. Gulf Coast on August 29, shuttering much of the region's oil-producing and refining capacity. Oil import prices averaged a record $57.32 per barrel in September, helping push the trade deficit with OPEC countries to a record $9.1 billion, as U.S. exports to the oil-producing countries plummeted. The quantity of U.S. crude oil imports fell to the lowest level since February 2003, the Commerce Department said. Despite the disruption to U.S. exports and U.S. Gulf Coast ports caused by Hurricane Katrina, and later Hurricane Rita, overall imports jumped 2.4 percent in September to a record $171.3 billion, led by the record value of petroleum imports. Imports of food, animal feed and beverages and industrial supplies and materials also hit records and imports of services were near all-time highs, the Commerce Department said. U.S. exports tumbled 2.6 percent to $105.2 billion, the biggest setback since the September 2001 attacks on the United States. In addition to the Gulf port problems, a strike at aircraft maker Boeing took a big bite out of commercial aircraft exports, which fell $2.4 billion to $925 million. However, exports of autos and auto parts, as well as consumer goods, hit records. The politically sensitive trade deficit with China hit a record $20.1 billion in September, as imports from that country rose to a record $23.3 billion. Washington and Beijing reached a deal this week to rein in China's surging clothing and textile exports to the United States through 2008. news.yahoo.com

To: Square_Dealings who wrote (40909)	11/10/2005 10:23:07 AM
From: mishedlo	Respond to of 116555

No Federal Reserve official could ever publicly admit it, though everyone in the financial world seems to believe that it's true: the Fed is going to raise rates until it's taken the heat out of the housing market. money.cnn.com

To: Square_Dealings who wrote (40909)	11/10/2005 10:35:39 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

"William Lyon Homes today reported that net income for the third quarter decreased 15%. Consolidated operating revenue decreased 21%. General William Lyon, Chairman and CEO, stated: 'The Company's net income was down approximately 15% as a result of reduced closings and lower gross margins...." # Homes closed of 650, down 25% from 864 in the third quarter of 2004 # Operating revenue from home sales of $358.8 million, down 24% from $474.3 million in the third quarter of 2004 # Operating revenue from lots, land and other sales of $17.6 million as compared to $0.6 million in the third quarter of 2004 # Consolidated operating revenue of $376.3 million, down 21% from $475.0 million in the third quarter of 2004 # Homebuilding gross margin of $89.7 million, down 29% from $125.7 million in the third quarter of 2004 # Homebuilding gross margin percentage of 25.0%, down 150 basis points from 26.5% in the third quarter of 2004 # Lots, land and other gross margin of $7.5 million as compared to $(0.2) million in the third quarter of 2004 # Net income of $38.1 million, down 15% from $44.9 million in the third quarter of 2004 # Diluted earnings per share of $4.39, down 3% from $4.51 in the third quarter of 2004 (based on weighted average shares outstanding of 8,677,410 in the 2005 period as compared to 9,965,762 in the 2004 period) biz.yahoo.com Am I mistaken or does it look like they are dumping land? Mish

To: Square_Dealings who wrote (40909)	11/10/2005 10:44:17 AM
From: mishedlo	Respond to of 116555

Chirac says France ´still in preliminary stage´ of restoring order in riot areas Thursday, November 10, 2005 3:19:32 PM afxpress.com Chirac says France 'still in preliminary stage' of restoring order in riot areas PARIS (AFX) - French President Jacques Chirac said the authorities are "still in the preliminary stage of re-establishing law and order" in the towns and cities across France that have seen 14 consecutive nights of rioting Speaking to the press for the first time since the outbreak of violence on October 27, Chirac said that re-imposing the rule of law in these areas was "an absolute priority" but also a "goal yet to be achieved." He said there was "a time for action" to re-establish law and order, and after that a time for "reflection" on the causes of the crisis When asked about Interior Minister Nicolas Sarkozy's proposal to expel from France any non-nationals convicted for involvement in the rioting, the president said "one must respect the law, all of the law." Earlier today, the police said that there had been a "significant ebb" in the level of violence last night, particularly in the Paris area, where the riots were first triggered following the deaths by electrocution a fortnight ago of two teenagers in an EDF sub-station while fleeing from a police identity check The police said that 482 cars had been set on fire overnight and 203 arrests, down from 617 burnt vehicles and 280 arrests the previous night