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


To: John Vosilla who wrote (78689)2/8/2007 10:00:55 AM
From: tdl4138  Read Replies (1) | Respond to of 110194
 
< given how strong the real economy is >

Strong for who?

Anyone involved with real estate/construction doesn't see a strong economy. Same for anyone involved in the automotive sector. If I worked for a major airline I wouldn't feel all that secure. Sure, mega yachts are selling...but the local marinas/boat dealers are hurting big time and there's a lot more of them than there are mega yacht brokers.

Talked to anyone in the restaurant business in Fla lately? Seems other than Friday and Saturday nights the people are just not coming out and spending like they did.

Strong economy? I'm sure some sectors are doing well. What I'm seeing is a gradual slow down in many sectors that is starting to gather some steam.

I'm tracking RE in areas like KC and its getting progressively worse by the week. They consider themselves to have a "stable" economy....but a real shortage of buyers no matter what NAR says.

Just my thoughts....



To: John Vosilla who wrote (78689)2/8/2007 10:08:32 AM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
Horrible news out today.

6 out of 9.
Morning's headlines from bloomberg:

-HSBC's Geoghegan to Shake Up Management, Policies to Resolve Bad Mortgages

-Stocks in U.S. Decline; Citigroup, JPMorgan Lead Financial Companies Lower

-U.S. Retailers' January Sales Climb on Gift-Card Spending, Colder Weather

-Kodak to Cut as Many as 5,000 More Jobs to Finish restructuring This Year

-Trichet Signals ECB Will Raise Key Rate in March to Stem Inflation Threat

-PepsiCo Profit Rises 61 Percent on Demand for Frito-Lay Snacks, Tax Gain

-Toll Brothers Revenue Declines 19 Percent as Customers Cancel Home Orders

-Iraq Car Bombings Kill 22, Wound More Than 60 Amid Baghdad Security Effort

-Iranian Leader Khamenei Warns U.S. That Any Attack Will Prompt Retaliation

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