"Fannie Mae will allow homeowners facing foreclosure to stay in their homes and rent them for as long as a year, as part of the government's latest effort to help troubled borrowers, while keeping more foreclosed properties from hitting the housing market."
FNM lost $20B in qtr, may need BILLIONS more of taxpayer money. The FHA has stepped in where subprime lenders who got us in this mess left off and are seeing 20% default rates....DIF is now the losses are being transferred to TAXPAYERS!
Only when revisions to prior data favor the in crowd are they mentioned....fact is one thing stands out WORK WEEK UNCHANGED AT 33.0 RECORD LOW, and you combine with farce of productivity number released and what you see is NO REASON for hiring....
"OH this is a LAGGING INDICATOR....." give me a break. That's all I got to say....loss of 190K jobs...well it's getting marginally better BUT you need 125,000 jobs CREATED just to keep pace!!!!!!!!!!!!!!!!!!
SPX tagged 1065 R and what a ramp job yesterday...geeeee....in front of such rosey data......bagholder Fri
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Yesterdays no volume pump leads to todays boffo volume dump, pass the toilet paper round and round ;)
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