Headlines...

NEW -> Contingent Buyer Assistance Program
<p><a title="Permanent Link: Fed cut no help for mortgages" rel="bookmark" href="http://mortgage.freedomblogging.com/2007/10/31/fed-cut-no-help-for-mortgages/">Fed cut no help for mortgages</a></p>

<p>http://mortgage.freedomblogging.com/2007/10/31/fed-cut-no-help-for-mortgages/</p>
 
<a href="http://news.yahoo.com/s/ap/20071101/ap_on_bi_ge/fed_markets">The Fed injects liquidity</a> and <a href="http://finance.yahoo.com/marketupdate/update">Wall Street take a dump</a>. Is the Street getting religion?
 
Ramones ex-manager, stars' realtor murdered, police say

<p><a href="http://www.cnn.com/2007/SHOWBIZ/11/01/stein.obit/index.html">http://www.cnn.com/2007/SHOWBIZ/11/01/stein.obit/index.html</a></p>

<p> </p>
 
<p>Another video involving Peter Schiff, Tony Little/Tom Adkins, and Charles Paine</p>

<p><a href="http://www.europac.net/Schiff-FBN-10-30-07_lg.asp">www.europac.net/Schiff-FBN-10-30-07_lg.asp</a></p>
 
<p>Foreclosures almost doubled from '06: report</p>

<p><a href="http://www.reuters.com/article/businessNews/idUSN0162601520071101">http://www.reuters.com/article/businessNews/idUSN0162601520071101</a></p>
 
<p>More happy news:</p>

<p class="textBodyBlack">"Large U.S. banks and brokerages will suffer additional writedowns of more than $10 billion in the fourth quarter as deteriorating credit trends continue to undercut the value of subprime mortgages and related securities, a Deutsche Bank analyst said."</p>

<p><a href="http://www.cnbc.com/id/21594328">www.cnbc.com/id/21594328</a></p>
 
Fed Pumps $41B Into US Financial System


Thursday November 1, 5:15 pm ET


By Jeannine Aversa, AP Economics Writer


WASHINGTON (AP) - The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.


The action comes one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate for the second time in six weeks to protect the economy from the ill effects of collapse in the housing market, aggravated by the credit troubles.


The cash injection also came as Wall Street took a nosedive Thursday. The Dow Jones industrials were down more than 260 points in afternoon trading.


The Fed on Wednesday ordered its key rate, called the federal funds rate, to be lowered by one-quarter percentage point to 4.50 percent. That followed up on a bolder, half-percentage point cut in September. Those two rate reductions might be sufficient to help the economy make its way safely through trouble spots, Fed policymakers indicated.
 
<p>Smart people of this blog. . . what the heck does this mean? Sounds bad . . .but how bad?</p>

<p><a href="http://ml-implode.com/info/citi-1.pdf">ml-implode.com/info/citi-1.pdf</a></p>
 
<p>How do these people (other than Schiff) live with themselves? I mean how many rose-color glasses can one put on?</p>

<p><a href="http://www.europac.net/Schiff-FBN-10-31-07_lg.asp">www.europac.net/Schiff-FBN-10-31-07_lg.asp</a></p>
 
IC, sounds like B of A has finally "gotten it". I'm wondering if they aren't anticipating homeowners trying to pull any equity out of their homes during the upcoming months....then intentionally defaulting with the cash in their pockets. Hmmm.
 
<p>Was on the exercise bike this morning, TV had a nice B oa A ad about come get a fixed rate loan here from someone you can trust if you need to refi out of an interest only or neg am loan, or if you just want to pull some equity out of your house.</p>

<p>So, the game continues...</p>
 
<p><em>NSR - The GDP of +3.9% is using a PCE deflator of 0.8%. What a joke.</em> </p>

<p>That's partly my point. Those headlines don't belong together, at all. I'm beginning to wonder how much the Fed is drinking their own kool-aid on the economy, state of the dollar and inflation.</p>
 
NSR - I doubt if the Fed believes the price inflation rate is 08%. I think they just count on the American people to not care and to not understand. I did not see him yesterday, but consider what Kudlow must have been saying on national tv yesterday, "GDP is 3.9%! GDP is 3.9%! The greatest story that has never been told." And then top it off with today's employment figures. People believe that nonsense. I hear relatively intelligent people tell me that corporate balance sheets are healthy.
 
<p>Bet now on the real-estate rebound


In the midst of the mortgage mess, it may seem early, but that's the best time to beat Wall Street to the profits. I found two home builders worth a look.</p>

<p> <a href="http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BetNowOnTheRealEstateRebound.aspx">http://articles.moneycentral.msn.com/Investing/SimpleStrategies/BetNowOnTheRealEstateRebound.aspx</a></p>
 
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