And the Road More Traveled.... Yep... Let's cut rates to 1% like Japan... it's worked so well for them... Kept them right out of 10 years of no growth.
don't worry we will figure out how to cut rates to Negative 3%... But only to people who make over a Million a year.
I just think they are Cowards...
Let me rate you on an academic level.
F
Rate cuts got us here, so obviously the cure is more rate cuts.... What a dope.
I'm just too optimistic about. peoples ability.
Thursday, January 10, 2008
Uncle Ben
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After hour - American Express is cutting its EPS.
I think those idiot should re-consider why they buy call today...
Tough day, but not unexpected. Tough to hear noise about 1450-1470.
The earnings are sucking, and The warnings from the Regional banks are Dire.
Did I post this:
COLUMBUS, Ohio (AP)--Regional bank holding company Huntington Bancshares Inc. (HBAN) said Thursday it expects to report a fourth-quarter loss of $239 million stemming mostly from its connection with a company that makes subprime loans. Its stock fell nearly 10% to its lowest price since 2001 before recovering somewhat.
The loss is expected to be 65 cents a share for the quarter ended Dec. 31, much greater than the loss of 21 cents a share expected by analysts surveyed by Thomson Financial.
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