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economy: The Worst Is Yet To Come - What Will You Do About It? - 12/14/08 01:28 PM
***WARNING*** Not for the faint of heart. The housing market has imploded and the economy, built on credit only in recent years, has tumbled down on top of it. The elected officials (please never use the word "leaders") have done the equivalent, and please excuse the comparison, of a wife-beater apologizing for beating his wife again.
The US economy is in a downward spiral and injections of trillions of un-backed dollars is only giving the appearance of rescue. Nothing is being rescued but, once again, we are letting these elected officials pretend to be economists and business people who have something … (12 comments)

economy: Interest Rates Shooting Up Sharply - Why? - 01/23/08 04:15 PM
Interest rates shot up from.75% to 1.25% on PRICING. This means opening rates tomorrow could be as high as 6% at PAR. Why? Simple: The DOW shot up nearly 300 points in a late rally.
Folks, you can't eat your cake and have it too. When the mortgage people tell you: No, the rates aren't going to drop just because the Feds changed the target rate, thank you very much, you better LISTEN! I had at least 10 phone calls today asking how the rates are today. I said, worse than yesterday. Of course they said, "But the Feds dropped the rate … (10 comments)

 
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Ken "Yes You Can" Cook

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