nnuut's Account Talk

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nnuut- That job was detailed as the 'less desirable jobs out there, 'The Honey Dipper'. They say what makes that job so bad is the last 6' of hose. :confused:

Geaux
 
And I thought I had a dirty job.:sick:
13:50, 10 more minutes and the the minutes of the Honey Dippers last meeting comes out. Comon Ben wash those hands and help us out!:nuts:
 
Fed expects slower economic growth

Federal Reserve expects slower economic growth and bump-up in unemployment next year due to housing slump and credit crunch.


November 20 2007: 2:07 PM EST

WASHINGTON (AP) -- The Federal Reserve reported Tuesday that it expects slower economic growth and a slight bump up in unemployment next year due to the housing slump and a credit crunch. The board also said, however, that it thinks inflation will remain moderate.
The fresh assessment of the country's future economic performance was issued by the Fed in the first of its quarterly reports to the nation.
On the growth side, the Fed said it believes that business growth will slow next year, with the gross domestic product (GDP) coming in between 1.8 percent and 2.5 percent. That would be weaker than how the Fed expects the economy to perform this year and would mark a downgrade to a previous projection released in the summer.
The downgrade was due to a number of factors, including "the tightened terms and reduced availability of subprime and jumbo mortgages, weaker-than-expected housing data and rising oil prices," the Fed explained.
The credit crunch has both made it more costly and more difficult for people and companies to borrow money. The worst carnage has taken place in the market for "subprime" home loans - those made to people with spotty credit histories. Credit problems started there and have spread to more creditworthy borrowers including those that are looking for home loans of more than $417,000, so-called jumbo loans.
The overriding worry is that these housing and credit problems will make people less inclined to spend, putting a damper on economic growth.
That concern is on the Fed's radar, too.
Fed pushes openness, ups forecast frequency

Small businesses still can get credit - Fed
 
Nnuut,

Try and relax. You must know there are better days ahead. The economy is fine, productivity is fine, wages are fine, inflation is fine, exports are fine, taxes remain low, hedge funds are full, soverign funds are full, and everyone and his sister is negative. The dollar is really not a problem - it's helping with the trade deficit and keeping folks employed. Buy'em low and even lower if possible and never sell if possible. I forgot to mention profits for the majority of companies are fine and many have stock buybacks in progress. I just can not be bearish - I've played this game so many times in the past.
 
Funny thing about this last minute MYSTERY SPIKE, WHO is doing all of this buying or selling right at the end of the day!!!!!! Hedgie Fundies, DIP BUYERS?:nuts::nuts: Bet they sell in the morning if it's up.:cool:
 
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