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

To: Jim McMannis who wrote (45266)	1/26/2006 12:12:24 PM
From: mishedlo	Respond to of 116555

National Foreclosures Increase in Every Quarter of 2005 According to RealtyTrac(TM) U.S. Foreclosure Market Report Nearly 847,000 Properties Enter Foreclosure During the Year National Foreclosures Increase in Every Quarter of 2005 According to RealtyTrac(TM) U.S. Foreclosure Market Report IRVINE, Calif., Jan. 23 /PRNewswire/ -- RealtyTrac(TM) (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, today released year-end data from its 2005 U.S. Foreclosure Market Report, which showed that 846,982 properties nationwide entered some stage of foreclosure in 2005, and a 25 percent increase in the number of new foreclosures from the first quarter to the fourth quarter. RealtyTrac publishes the largest national database of pre-foreclosure and foreclosure properties, with more than 550,000 properties in nearly 2,000 counties across the country, and is the foreclosure data provider to MSN House & Home, Yahoo! Real Estate, AOL Real Estate and HomeGain.com. "Overall U.S. foreclosure numbers climbed steadily over the course of the year, with more new foreclosures reported in every quarter," said James J. Saccacio, chief executive officer of RealtyTrac. "This trend appears to be moving the real estate foreclosure market back to its historic levels." Saccacio noted that the number of 2005 foreclosures needed to be kept in context. "Even with almost 850,000 properties entering some stage of foreclosure across the country over the course of the year, this represents less than 1 percent of all U.S. households. And the increase in U.S. foreclosures from Q3 to Q4 was just below 5 percent." sev.prnewswire.com

To: Jim McMannis who wrote (45266)	1/26/2006 1:35:16 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Natural-gas futures drop to lowest level in eight months Thursday, January 26, 2006 3:32:46 PM afxpress.com SAN FRANCISCO (AFX) -- February natural gas dropped to its lowest level since May 31, down 51 cents, or 6%, at $7.95 per million British thermal units after trading as low as $7.53. Analysts blamed the decline on mild weather in parts of the U.S. as well as expectations that a weekly report, due out shortly from the Energy Department will reveal a smaller-than-usual decline in domestic inventories. Fimat USA expects to see a decline of 58 billion cubic feet for the week ended Jan. 20, noting that the figure would be "hardly supportive -- in fact it will expand the annual surplus."

To: Jim McMannis who wrote (45266)	1/26/2006 1:38:48 PM
From: mishedlo	Respond to of 116555

marketwatch.com{1BFE1BA7-4EE1-419D-9EE6-9FA18BDD19BA}&siteid=bigcharts&dist=bigcharts Pimco managing director Gross: Bond market 'fully priced' (AZ) By Jonathan Burton SAN FRANCISCO (MarketWatch) -- Bill Gross, managing director of bond giant Pimco, said Thursday that the U.S. bond market's recent weakness is due in part to foreign central banks and institutions distancing themselves from a "fully priced" market for both Treasurys and the U.S. dollar, and they are "looking elsewhere" for investments. "That combination points them in other directions," Gross said in a MarketWatch interview. "It points them to gold, to assets that are oil-related, and perhaps to other foreign bond markets. The U.S. Treasury market at the moment is selling off as a reflection of that." In midday trading Thursday, the benchmark 10-year Treasury was down 12/32 at 99-25/32 with a yield of 4.519%. The 2-year note was down 2/32 at 99-25/32 with a yield of 4.495%

To: Jim McMannis who wrote (45266)	1/26/2006 1:54:04 PM
From: mishedlo	Read Replies (4) \| Respond to of 116555

Bush says no bailout for F and GM forbes.com President Bush is offering no encouragement to any U.S. automobile companies that might be thinking about turning to the federal government for a financial bailout. "I think it's very important for the market to function," he said in an interview in the Thursday editions of The Wall Street Journal. Asked whether he had talked with the chairmen of Ford and General Motors, the president said: "Not about their balance sheets. And I haven't been asked by any automobile manufacturer about a bailout." Together, the two companies plan to cut about 60,000 jobs over the next few years and there is concern on Wall Street that one or both could wind up seeking bankruptcy protection. That, in turn, has raised the prospect of one or both seeking government assistance as Chrysler did in 1979 when it won $1.5 billion in loan guarantees. "I have been very reluctant," Bush said, cutting off his sentence. "I'm mindful of the past where at one point in time, a predecessor of mine was faced with that same dilemma. I would hope I wouldn't be asked to make that decision." Bush suggested his sympathies are more with the workers than the corporations, saying his administration would focus on retraining laid-off employees. He also called on GM, Ford and others to be careful about backing away from fully meeting pension obligations. "That's not how the market works and that's not corporate responsibility as I see it," he said. "I'm very firm on seeing to it that this government hold people to account."