US unemployment figures at their highest since 1983, yet the market got excited because it was the smallest loss of jobs in a month since the decline began! The casino is rigged.
Fannie Mae and Freddie Mac lost $100 billion between them even with almost $100 billion in federal bailouts. Still over the past few months Fannie Mae as much as 266% in August and Freddie Mac climbed 300%.
The fundamentals of the US markets are screwed, the next couple of months will be interesting.
Right, time to cast off the sack cloth and wash off the ashes, got work to do!!
Good morning Akaroa from actual Akaroa, if this takes off it will be much more interesting than most of the comments of Mr Ure and a whole lot easier to skim through.
Perhaps Mr Farrer could host a daily greeting post for those of us who don’t get out much. Goodnight Johnboy, Goognight Mary-Ellen then again, perhaps not. Cheers
The old law and the Boscawen amendment would have done what differently Nick?
The crown alleged the mother “whacked him around the head a few times”. If this was an aberration for a normally good parent and if the whacking was deemed to be a type of smacking then it is possible it could be found to be not an offence according to the wording of the referendum.
Nothing Cerium, as I have said before, that is the point.
It was Sue Bradford who contended the law was to stop child abuse. Why couldnt she have just admitted from the outset that this was more about social engineering and pushing the Greens crazy social agenda than stopping child abuse?
Check out what’s coming down the line at the Federal Housing Authority. The mortgage insurance on them has gone from $85 billion to $287 billion. I smell AIG II.
I especially liked this comment:
See, it turns out that the FHA, prompted of course by Congress, gave out a bazillion loans to people who were on the very edge of being able to pay them back. As long as our economy kept booming, they’d probably — probably — be okay. But if the economy wavered even a little bit, they’d be hosed and all those loans would come back to the FHA so fast you’d think they were attached by rubber bands. That’s exactly what’s happening now and the FHA is watching their cash reserves dry up like a shallow mudpuddle in the middle of Death Valley in July
Man-o-man. I’ve been battening down the hatches for the last 2 years and I still wonder if it’s enough.
Ooooh, someone’s stolen phool’s precious biscuit. What is it today, phool? You’ve been strangely quiet. Is it the referendum to smack, not hit, children? Is it the impending destruction of MMP? Is it Van Jones?
Haha agreed Hurf.
I sometimes engage with philu against my better instincts in the forlorn hope we may be able to make him see sense, unfortunately this is never successful and his hazy communist rants continue
Then telll us why you cant raise a child yourself and need other kiwis to pay for it, when many of us (myself included) who were raised by solo parents who just hardened up and worked hard to provide for us, isntead of being bitter, lazy and blaming everyone else
Hmmmm apart from Philu’s personal attack shit in his last post I reckon the rest is pretty accurate. Hate to say it but the US economy and market has no clothes. It is only a matter of time before it implodes, or worse.