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: NOW who wrote (45556)	1/31/2006 1:45:30 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

During the battle of Tora Bora in December 2001, when al Qaeda leaders were pinned down by U.S. forces, Tabarak sacrificed himself to engineer their escape. He headed toward the Pakistani border while making calls on Osama bin Laden's satellite phone as bin Laden and the others fled in the other direction. Tabarak was captured and taken to the U.S. Navy base at Guantanamo Bay, Cuba, where he was classified as such a high-value prisoner that the Pentagon repeatedly denied requests by the International Committee of the Red Cross to see him. Then, after spending almost three years at the base, he was suddenly released. Today, the al Qaeda loyalist known locally as the "emir" of Guantanamo walks the streets of his old neighborhood near Casablanca, more or less a free man. In a decision that neither the Pentagon nor Moroccan officials will explain publicly, Tabarak was transferred to Morocco in August 2004 and released from police custody four months later. washingtonpost.com

To: NOW who wrote (45556)	1/31/2006 1:56:28 PM
From: mishedlo	Respond to of 116555

Sales of Pleasure Boats Buoyed by Soaring Home Values Buyers flock to the L.A. Boat Show. California purchases rose about 8% last year to $540 million. As his 3-year-old son grabbed the helm of an 18-foot sports cruiser, David Yates checked out the power boat's plush white leather seats. Yates didn't know whether he'd buy this particular boat, which had a list price of $21,000, but he was pretty sure of one thing: He wouldn't be at the Los Angeles Boat Show if not for the housing market. "We couldn't have afforded to come here before, but now that my house has doubled in value, we have an opportunity to take out a second mortgage," said the 48-year-old Burbank resident, who is a manager for a cabinet manufacturer. "At least we're in reach of being able to buy a boat." latimes.com

To: NOW who wrote (45556)	1/31/2006 3:13:09 PM
From: mishedlo	Respond to of 116555

For immediate release The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 4-1/2 percent. Although recent economic data have been uneven, the expansion in economic activity appears solid. Core inflation has stayed relatively low in recent months and longer-term inflation expectations remain contained. Nevertheless, possible increases in resource utilization as well as elevated energy prices have the potential to add to inflation pressures. The Committee judges that some further policy firming may be needed to keep the risks to the attainment of both sustainable economic growth and price stability roughly in balance. In any event, the Committee will respond to changes in economic prospects as needed to foster these objectives. Voting for the FOMC monetary policy action were: Alan Greenspan, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Roger W. Ferguson, Jr.; Jack Guynn; Donald L. Kohn; Jeffrey M. Lacker; Mark W. Olson; Sandra Pianalto; and Janet L. Yellen. In a related action, the Board of Governors unanimously approved a 25-basis-point increase in the discount rate to 5-1/2 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Kansas City, Dallas, and San Francisco. federalreserve.gov