Tuesday, August 11, 2009

Daily Pfenning 8/11/2009

http://www.dailypfennig.com/

"...This week alone the Treasury will auction $37 Billion of 3-year Notes, $23 Billion of 10-year notes, and $15 Billion of 30-year bonds... Even using "new math" that brings this week's issuance to $75 Billion! That sound? That sound you hear is foreigners choking on all this issuance! Does anyone know how to apply the Heimlich maneuver?..."

"...
report on the Bloomie this morning from Zillow... "Almost one-quarter of U.S. mortgage holders owed more than their homes were worth in the second quarter and that figure may rise to as much as 30 percent by mid-2010 as job losses and foreclosures climb." ..."

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