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Things are great, just ask the Fed..      4-Nov-09 02:50 pm    
Things are so great, they're leaving the Fed funds rate at ZERO percent and buying 1.2 trillion in ABS and Fannie and Freddie debt.

The Fed statement was, as usual, absurd. You don't go from selling 17 million cars to selling 9 million, then go to 10 and call that growth. You're still down 7 million cars.

The simple fact is, the economy is neither stabalizing or growing. All deficit spending is doing is making fat people fatter.

Last week, FHA raised it's minimum FICO lending score to 640 from 600. This is because FHA is bankrupt. The economy is going to tank again.

I had a friend today that told me she started crying when gasoline hit $3. It costs her $95 a week to drive to work. Just gas. She drives a Camry. Imagine paying 5 grand a year to drive to work. JUST GAS. The car is another 4 grand.
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msch8864

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  Subject Author Rating Time of Post (ET)  
 
Things are great, just ask the Fed..
msch8864 Not rated 4-Nov-09 02:50 pm  
 
Wow, $95 a week is $19 a day, say 6.3 gallons. ...
mister_flic... Rate it 4-Nov-09 02:55 pm  
 
There are a lot of people that drive that muc...
msch8864 Rate it 4-Nov-09 02:58 pm  
 
Yes there are. I work with dozens of pe...
miquinn27 Rate it 4-Nov-09 04:06 pm  
 
Oil went up another dollar after the announcement....
msch8864 Rate it 4-Nov-09 02:56 pm  
 
To stay on point.. Things are really great.. ...
davehard8 Rate it 4-Nov-09 03:45 pm  
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Abercrombie & Fitch Co. (ANF)

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