[$tinkle]

where will the money look to go next? Real Estate, Stocks, or Bonds?

mortuaries & cadaver processing; everyone's going to eat a gun by summer's end

 

[dante]

.223 ammunition.

 

[Defenestrated]

2000lb gbus

 

[N8 v2.0]

good news...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aoW6m2Vc0GSU&refer=worldwide

The dollar headed for the biggest two-day gain against the euro since 2005 after Federal Reserve Chairman Ben S. Bernanke said economic risks have faded, spurring traders to boost wagers interest rates will rise.

 

[jimmydean]

Things is tough all over.

2007 Street of dreams still for sale

The street was supposed to be the stuff of dreams.

Along South Grasle Road outside Oregon City, six supersize Street of Dreams homes built in 2007 back up to ribbons of Doug fir and a glazed Mount Hood peak.

The builders came to attract future customers, and they were optimistic about selling the show houses that stretched to $3 million. Normally, two or three homes sell during the show and most are sold within a year.

But nine months after the Street of Dreams show, none has sold.

 

[N8 v2.0]

i got out of the market in May.. but dabbled a bit with drilling stocks for a bit..

Looks like L'opie was right..

 

[Samirol]

holy **** n8 is back

 

[Secret Squirrel]

i got out of the market in May.. but dabbled a bit with drilling stocks for a bit..

Looks like L'opie was right..

Drilling stocks???!?!?!?!?

Sonofa....


I was drilling socks....

 

[N8 v2.0]

Drilling stocks???!?!?!?!?

Sonofa....


I was drilling socks....

not profitable but satisyfing?

 

[Secret Squirrel]

not profitable but satisyfing?

Indeed....

 

[narlus]

mortuaries & cadaver processing; everyone's going to eat a gun by summer's end

$tinkle wins the crystal ball award.

 

[narlus]

Lehman makes move to turn unsold debt to cash: report
Fri Apr 11, 2008 6:27am EDT

NEW YORK (Reuters) - Lehman Brothers Holdings Inc repackaged unsold debt and used the Federal Reserve's new borrowing facility to convert loans that investors mostly rejected into cash to finance its business, the Wall Street Journal reported.

According to the Journal, Lehman transferred $2.8 billion in loans that included some risky leveraged buyout debt into a new investment entity called Freedom.

Freedom then issued debt securities backed by the loans, and $2.26 billion of the securities got investment-grade credit rankings from Moody's and Standard & Poor's, according to the report.

The bank used some of those securities as collateral for a low-interest, short-term cash loan from the Federal Reserve, the Journal said, citing people familiar with the matter.

The move was meant as a test to see what the Federal Reserve would accept, and the size of the loan was not material, the Journal added, citing a person familiar with the matter.

Lehman representatives and the Federal Reserve could not be reached immediately for comment.

how this work out for those guys?

 

[N8 v2.0]

didnt!


The WSJ says L'Opie is right..


http://finance.yahoo.com/banking-budgeting/article/105935/Economists-Expect-U.S.-Crisis-to-Deepen

The U.S. economy has sunk into a recession and government action is critical to stem the damage, according to economists in the latest Wall Street Journal forecasting survey.

 

[Westy]

The fundamentals of the economy are sound.

We are great importers.

 

[stoney]

Recession? Yes.
Reasoning being the Fed? No.
This is the collapse of a massive credit bubble. Too many businesses and people living on credit.