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


To: NOW who wrote (89772)11/5/2008 9:38:26 PM
From: mishedlo3 Recommendations  Respond to of 116555
 
Banks Hoard Cash; Credit Card Bond Sales at Zero
globaleconomicanalysis.blogspot.com
Although LIBOR Plunged For 17 Consecutive Days it is not a sign of a huge increase in willingness to lend. Inquiring minds note that Libor's Biggest Drop Fails to Spur Loans.
Mish



To: NOW who wrote (89772)11/6/2008 5:04:07 AM
From: Broken_Clock1 Recommendation  Read Replies (2) | Respond to of 116555
 
that would be nice except that we live in a completely controlled one party state ruled by dems for 50 years...

a state:

totally dependent on outside energy sources
a state totally dependent upon the largesse of outsiders
a state with the highest number of gov't workers per capita

and the largesse of outsiders is rapidly declining.

real estate prices are now declining about 4 times faster than they went up in the boom. Waikoloa Resort condos now selling(er, being offered at) way below developer prices in 2002

Oct tourism down 20% YOY and next year looks worse.

What does the Most Glorious Welfare State of Hawaii do next year when tax revenues plummet further?