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Economy - Economics USA

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www.pacinlaw.org/

This is THE MOST POWERFUL expose I have ever heard on the Federal Reserve ->it will blow you away<-[ED] containing an amazing sermon given in Sept 2003 by Pastor Rod Parsley at Breakthrough Church in Columbus Ohio. This powerful presentation by Pasto

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Michael Shedlock / Mish

Repeating what I said last month, virtually no one can possibly believe this data. The data is so bad, I doubt those at the BLS even believe it. But that is what their model says so that is what they report.

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Associated Press

The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks. The Fed said it was boosting the amount of emergency reserves it supplies to U.S. banks

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CNN Money

General Motors Corp. reported a large first-quarter loss Wednesday, a net loss of $3.3 billion, or $5.74 per share. That was much wider than the $42 million, or 7 cents a share, loss from continuing operations it reported in the same period last year

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MrMortgage.ml-implode.com

Due to the sheer exotic nature of many ALT-A loans, such as the Pay Option ARM, the crisis will likely be that much more devastating. -Best, Mr Mortgage

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Michael Shedlock / Mish

Mish has included a print out of the CME Futures market for home prices in major markets across the country. The current betting on the Las Vegas market is for it to fall 46.3% from its peak in August 2006, and to hit bottom in November 2010.

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Personal Experience

A group of traders from around the country, united by a common determination to bring the illegalities committed by the Fed and the Treasury to light, converged on NYC on Friday, April 25 2008 to protest. Watch the fun!

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Charleston Post & Courier

But maybe not in the way you think. Check out the 2 companies coming to South Carolina... "Get ready for the incoming tsunami of trade...I want children in Orangeburg County to know that when they finish high school or college, they can stay at

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MrMortgage.ml-implode.com

What does this mean? It means the ’Months Supply’ figures released by NAR each month with the Existing Home Sales figures, which the press and market love to get so hot and bothered over, are highly suspect

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Bloomberg.com

``I don't think we're anywhere near a bottom in housing,'' Broad told Bloomberg TV at the Milken Institute Conference. ``We're going to have a big inventory of unsold, unoccupied homes that's going to take three or four years

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Bloomberg

The Japanese, who own $586.6 billion, or 12% of US government debt, had their worst quarter in Treasuries this decade, losing 7% in the first 3 months of the year as the dollar fell to the lowest since 1995 versus the yen. Foreign investors recoil fr

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Michael Shedlock / Mish

The median price for an existing home in Monterey county was -46.22% when compared to the peak price two years ago. The High Desert was -37.09%, and Sacramento was -34.48%.

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online.wsj.com

I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food. You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs oper

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American Conservative

Headlines notwithstanding, this was not a "bailout" in the most widely understood sense of the word. Bear Stearns lasted barely a full trading day between the Fed’s action and the announcement of the acquisition by JPMorgan at $2 (later rai

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Wall Street Journal

I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food. No, this is not a drill. You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from th

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Rawstory.com

The price of oil is likely to hit 150 dollars (Canadian, US) a barrel by 2010 and soar to 225 dollars a barrel by 2012 as supply becomes increasingly tight, a Canadian bank said Thursday.

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thelibertyadvisor.com/declare