Brace yourself for this shocker
Bob Morris @ Apr 21st 2007 12:08 - Category: Anti-war ;
Democrats break their promise to voters to end Iraq war.
Archive for April 21st, 2007
Bond fund manager on US real estate
Bob Morris @ Apr 21st 2007 08:08 - Category: Credit crisis ;
Tighter lending standards and increased regulation will change the housing outlook for some years to come. As past marginal buyers are forced to sell their home to prevent foreclosures, so too will future marginal buyers be restricted from buying them.
This is from Bill Gross of PIMCO, they manage over $667 billion in fixed income assets. His conclusion is, the Fed will be forced to drop interest rates substantially to make homes affordable again. If they don’t, home prices will drop 20%. Either way, home prices have peaked and prices will be lower for the next three years. This from a guy who runs huge amounts of money and to whom interest rates are of crucial importance.
Corruption in the World Bank
Bob Morris @ Apr 21st 2007 00:15 - Category: Unfiled ;
Craig Murray says corruption in the World Bank is pervasive and massive, and that Wolfowitz genuinely tried to end some of it, but only in non-Western areas.
How convenient for Wolfie and pals to focus on such corruption. Sounds like the whole place is a den of thieves, doesn’t it?
Murray’s primary point is that those in the World Bank wanting Wolfowitz gone are doing so “from the worst of motives.”
Our capitalist system appears rotten to the core.
[tags]Wolfowitz, World Bank[/tags]
Ethanol more polluting than gasoline?
Bob Morris @ Apr 21st 2007 00:08 - Category: Renewable energy ;
