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

To: russwinter who wrote (66835)	7/26/2006 1:27:44 AM
From: shades	Respond to of 110194

At our local country wide - there used to be a couple long term guys that knew more than how to send a check through fedex to the corporate hq (which you do when making a deposit at one of thier branches) - those guys left last year - what is left now are newly hired young kids that are just learning the fedex procedure - I wonder what the long term trend of CFC's workforce is - IE - length of employment of its labor force - getting shorter or longer or staying basically unchanged. IBM did this in the middle 90's - cut out a lot of long term folks who had certain expectation and replaced them with new employees (who in many cases were OLDER than the employee they replaced but with far less expectations and experience) - if it works for companies russ - why not do this with voting populations too - why does an incumbent senator want a stuffy old russ winter who wants entitlements that the politco can't deliver - better to replace russ winter with Chico Gonzales who is happy just to have a box down by the river and grateful to the politico who kept the borders open for him and his 15 kids. He will teach his kids and grandkids to reward this incumbent politicans at the polls. In the south we used to have generations of southeners that voted Democrat no matter any other reason because they hated what the republicans did during the war - civil war that is - hehe. A grandchild voting democrat because of socialization by grandpa - these trends are still not broken in some areas.

To: russwinter who wrote (66835)	7/26/2006 3:02:31 AM
From: shades	Read Replies (1) \| Respond to of 110194

Countrywide Analyst video.msn.com Not enough data to determine if CFC has more risky ARMs than indymac or washington mutual? huh? He says they have not SEEN any significant credit quality problems in the market? HUH? He says unemployment rate would have to fall apart before whole subprime ALT-A industry collapses - but since unemployment is at 4.5% everything is A-OK - Humpty Dumpty in no danger of breaking! Non Performing Asset number at 28 basis points - he expects it to go up to mid 30's. Says it takes very LONG time for credit to play out and too many thinking in the short term that are betting against it. Huh?