2008-10-29

Readings (new one)

Fed cuts the funds rate by 50 bps to 1%
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/10/fed-cuts-funds-rate-by-50-bps-to-1.html
In case you want to see the statement.

Pssssst - Here's a Tip for You
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/10/pssssst-heres-tip-for-you.html

Countrywide Holds Record Inventory of Foreclosures for Sale
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/10/countrywide-holds-record-inventory-of.html
19,618 Homes Offered For Sale on Countrywide Financial's Website
Total REO Asking Price: $3,308,329,521
(As of October 17, 2008)

Important Support Level on the Monthly Gold Chart
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/10/significant-support-on-monthly-gold.html
Fork technical analysis ;)

White House: "Banks Need To Stop Hoarding Money"
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/435073583/white-house-banks-need-to-stop-hoarding.html

The Detroit Death March Continues
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/10/detroit-death-march-continues.html

The new Pickens Plan is cash
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/10/new-pickens-plan-is-cash.html

The Fed Starts Buying Commercial Paper
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/435076814/fed-starts-buying-commercial-paper.html

WSJ: GM may get $5 Billion Government loan
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/434030670/wsj-gm-may-get-5-billion-loan.html


EU:
Iceland vs. USA Economic Analysis
from FedUp! by Doug Eberhardt
http://youcanmakeadifference.org/fedup/archives/31

IMF to Bail Out Ukraine
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/432775974/imf-to-bail-out-ukraine.html
As long as I know Bulgaria will get some money too.

Cliff Diving: Volvo truck sales plunge 99.7%
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/432012532/cliff-diving-volvo-truck-sales-plunge.html

BofE Report: Britian Banks May Need More Capital
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/434149320/bofe-report-britian-banks-may-need-more.html

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