The economy, is it good or bad. (Page 76/181)
madcurl OCT 20, 04:02 PM

quote
Originally posted by Phranc:

The people looooooosing their homes, you know the ones they couldn't afford to begin with, due to not understanding what it is they signed their name to is about 15 of the housing market. A 1% cropping isn't a big deal to the big picture. And just because they bought their house at the peak of the market and now lost 5-10% of its worth unless they are trying to flip that house they still have many years of value growth in their home. Remember not all home market regions are going down. Some are stagnant and other are going up.




I think in CA it's the Sacramento areas that being hit really hard. Southern CA too such as San Bernadeno and Ventura counties. In SF areas, the prices slowed, but are starting to go up.
84Bill OCT 24, 07:24 AM
Iraq war's creeping costs
Even at $415 billion, the war's pricetag doesn't threaten to derail the economy. But it's making a stealthy appearance in mortgage rates, fuel prices and other indicators.
By Steve Hargreaves, CNNMoney.com staff writer
October 23 2007: 6:01 PM EDT

The Iraq war may be funded largely with Uncle Sam's borrowed cash, but don't think American consumers will escape without taking a hit in the wallet.

From steeper mortgage payments to higher fuel prices, the cost of the war is already starting to sink in.

Bank woes bring out the bears
Futures point to weak open as uncertainty over Merrill Lynch's subprime hit grows; overseas markets slump
LONDON (CNNMoney.com) -- U.S. stock futures were weaker Wednesday, as investors grew uncertain ahead of Merrill Lynch's earnings.

Concerns that Merrill (Charts, Fortune 500) may suffer a bigger loss than initially estimated due to risky mortgage bets weighed on sentiment. Merrill is due to report its results before the market open.


Staring into Countrywide's abyss
Giant mortgage lender's third-quarter results will offer a view into the depth of the problems facing lenders, housing industry and the economy as a whole.
Pyrthian OCT 24, 08:52 AM
is it the cost of the war or the cost of the reconstruction?

while I know war aint cheap - I know the soldeirs would be getting paid either way. and the equipment would be used in training if not fighting in the field.

and, arent we getting any $$$ out of the oil? or is that infrastructure still broken?
84Bill OCT 25, 12:14 AM
Merrill's $3.4 billion balance sheet bomb
In three short weeks, the Wall Street giant's losses grew from $4.5 billion to nearly $8 billion. Fortune's Peter Eavis shows what went wrong.
84Bill OCT 25, 06:44 PM
Oil hits new record over $90
Crude surges more than $3 after report suggests OPEC isn't likely to boost production and Middle East violence flares.
madcurl OCT 26, 08:13 PM

quote
Originally posted by madcurl:


LFC still holding onto past gains @ 96.03. China index stock FXI at $202.94...wow! Not bad if you got in under $100 bucks in three months flat or even @131 per share. A few bucks lost @109.71 RIMM (somebody rated it over-rated). CSCO still holding @32.79





Geesz, this is crazy! Now EMC has reached a all-time high since 9/11 & AAPL has shot through the roof. The 4-horsemen are ridn' strong.
84fiero123 OCT 30, 08:40 AM
Ya we are doing just so well. The dollar is dropping like a rock, the housing prices are dropping in over 75% of the Markets, the feds are dropping interest rates to spur investments.

US Stock Futures Dip, Suggest Lower Open



Tuesday October 30, 8:25 AM EDT

NEW YORK (AP) — U.S. stock futures fell Tuesday, indicating a lower start to the regular session, as the Federal Reserve prepares to start a two-day meeting on interest rates.
Wall Street has been calling for a rate cut following the Fed's half-point reduction in September, and investors widely expect the central bank to deliver a quarter-point cut a the meeting's conclusion on Wednesday. But inflation remains a threat, with oil prices near record highs and the dollar in sharp decline, and there is no certainty the Fed will lower interest rates.
The price of commodities from crude oil to corn has risen as the dollar has lost ground to other currencies, adding to the appeal of raw materials as an investment. But higher commodity prices spell inflation in other areas, from gas prices to food prices. However, those arguing for lower interest rates say such a stimulant is needed to prevent a housing slump and credit market troubles from hurting economic growth.


United States Steel Corp. on Tuesday said third-quarter earnings dropped nearly 36 percent as concerns about the economy's strength affected its major markets, leading the steelmaker's results to miss Wall Street expecatations.
Dow Jones industrial average futures lost 35.00, or 0.30 percent, to 13,872.00. Standard & Poor's 500 index futures fell 5.40, or 0.35 percent, to 1,541.60. Nasdaq 100 index futures fell 9.00, or 0.41 percent, to 2,206.50.
The Dow rose about 64 points on Monday, while broader stock

http://money.excite.com/jsp...ews_id=ap-d8sji6gg2&

Home Prices Fall in August for 8th Month



Tuesday October 30, 9:01 AM EDT

NEW YORK (AP) — U.S. home prices fell nationwide in August for the eighth consecutive month, according to the S&P/Case-Shiller index released Tuesday.
And things could get worse, said Yale economist Robert Shiller, who helped create the index.
"There is really no positive news in today's report," said Shiller, chief economist for MacroMarkets LLC which collaborated with S&P on the indicator.
Home prices as measured by the index have fallen by more every month since the beginning of the year. August is the 21st month of decelerating returns.
An index of 10 U.S. cities fell 5 percent in August from a year ago. That was the biggest drop since June 1991. The lowest ever was a decline of 6.3 percent in April 1991.
A broader index of 20 cities fell 4.4 percent in August over last year, with 15 of 20 cities reporting that prices fell.
Housing prices have been a key worry for consumers, and the effect of the slowdown alongside the summer's steep decline in credit availability, has many worried that the economy will go into recession.
Many economists expect the Federal Reserve will cut rates again at the end of a two-day meeting that starts Tuesday, after a bigger-than-expected half-point cut last month.

http://money.excite.com/jsp...ews_id=ap-d8sjinf00&

P&G 1Q Profit Rises, Warns on Costs



Tuesday October 30, 8:49 AM EDT

CINCINNATI (AP) — Consumer products maker Procter & Gamble Co. said Tuesday its first-quarter profit rose 14 percent, but said rising commodity, energy and product investment costs will hurt its second-quarter margins.
Its shares sank more than 3 percent in premarket trading

http://money.excite.com/jsp...ews_id=ap-d8sjihl00&

And even companies with profits are saying the economy is killing them.

But ya we are doing great.

Housing prices have dropped over the last 8 months, so we are in great shape. The biggest investment for the majority of all Americans is their home.

People here can say what ever they like the American economy is going down the toilet. Sure some are still doing OK, some will always be doing OK. But right now most of America is doing shitty.

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Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

aceman OCT 30, 09:34 AM
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[This message has been edited by aceman (edited 10-30-2007).]

84fiero123 OCT 30, 09:47 AM
Some on Wall Street fear the economy could slip into recession if no action is taken. The Conference Board said its gauge of consumer sentiment fell to its lowest level in two years in October, coming in at 95.6 following a revised 99.5 in September. Analysts had expected a reading of 99.5 for this month.
Merrill Lynch & Co. Chairman and Chief Executive Stan O'Neal on Tuesday retired as expected after the stock brokerage last week posted the biggest quarterly loss in its 93-year history last week. Alberto Cribiore, a director since 2003, was named as interim non-executive chairman.

http://money.excite.com/jsp...ews_id=ap-d8sjjsog0&

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Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

84fiero123 OCT 30, 09:54 AM
CDOs, or collateralized debt obligations, are complex instruments that combine slices of different kinds of risk. It was Merrill's bet on CDOs, and the subprime mortgages underpinning many of them, that proved to be O'Neal's downfall.
Analysts have said this week that whoever replaces O'Neal may have to write down another $4 billion worth of bad investments in the fourth quarter.
Merrill Lynch said that co-presidents and chief operating officers Ahmass Fakahany and Gregory Fleming will continue in those positions. Fleming will lead Merrill's front office, such as its brokerage and investment banking sides. Fakahany, a close confidant of O'Neal, will lead back-office functions such as finance and human resources.
It was not known how much O'Neal would receive as an exit package, though there have been some reports it would be nearly $200 million. He was paid roughly $48 million salary in 2006, and had $160 million in stock and retirement benefits, according to James Reda, founder of compensation consultancy James F. Reda & Associates.

http://money.excite.com/jsp...ews_id=ap-d8sjjn780&

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Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.