- advertisements -
What Would Tony Montana Do?
BOGOTA, Colombia -- Walid Makled, the alleged Venezuelan drug kingpin at the center of a U.S. extradition battle, raised the stakes over the weekend, telling a television station that he was willing to share information about his ties to Venezuelan officials, Colombian guerrillas and Middle Eastern terrorist groups with U.S. prosecutors.
Props! Hedge Fund Director Donates $5 Million.
On Tuesday April 5, 2011, 8:23 am
LOS ANGELES (AP) -- KB Home's fiscal first-quarter loss widened, as the homebuilder delivered fewer homes and net orders declined.
But the Los Angeles company said it is encouraged by higher traffic at the beginning of spring selling season.
The company lost $114.5 million, or $1.49 a share, for the three months ended Feb. 28. That compares with a loss of $54.7 million, or 71 cents a share, a year ago.
The quarter included a $45.1 million charge.
Analysts expected a loss of 25 cents a share.
Revenue dropped 25 percent to $196.9 million from $264 million, missing Wall Street's $225 million estimate.
Net orders fell to 1,302 from 1,913, while homes delivered dropped 28 percent to 949.
KB Home builds homes to order for entry level, move-up buyers and seniors in 12 states.
Yea, housing is rocking and rolling ain't it. These are ugly numbers for real.
everyday i look at zerohedge, and everyday i am further convinced that the singer of suicidal tendencies really isn't crazy. Institution.
word of the day: transitory. as in:
"I think the increase in inflation will be transitory," Bernanke said
Getting in BB head: can anybody imagine what does he realy think about "public" he's talking to?
Level of hypocricy, disrespect, negligence, unconcern and abuse of public interests... which goes on and on and on
Hey, Tyler....you want to put something up on that line ---How about KBH---talk about a revenue miss and earnings drop...fucking 25% think the double dip is HERE....
Looks like they are going to push Gold back to test that 1415 area today, might open up a buying opp.
Breaking News June 2012 - While Inflation has steady risen to 7.5% per month, Federal Chairman Bernanke restated the commitment to manage inflation. Bernanke promised to act if and when inflation gets out of control.
Breaking News Oct 2013 - Inflation has dramatically increased to 17.2% per month. The Fed was asked what action is proposes to enact. Bernanke re-iterated that higher inflation is transitory and will have no significant impact on the economy. With mandatory pricing controls on selected goods and services there is no reason to aggressively address inflation yet. Gold: $2239 Silver 61.23 Oil 139.22.
Breaking News Feb 2015 - Inflation continues to rise despite the rising unemployment, as large number of jobs have been lost. After the collapse of Airline and Auto industries, to the fed increased its efforts to purchase debt, both gov't and private in order to preserve low interest rates to stimulate job growth. "With the loss of so many jobs now is not the time to get tough on inflation" Bernanke told reporters. Gold: $32,105 Silver $922.55 Oil $291.63.
Breaking News September 2015 - Texas, Vermont and Wyoming begin the process of sucession from the United States. The three governors of these states will all have press conferences today to make the announcement. All three states have begun the process to issue state currencies so they can purchase and sell goods. Bernanke has announced his retirement today. "I will be retiring in order to spend time with my family overseas." Bernanke told reporters. Benanke's family left the United states some 18 months ago in order to flee the violence in the United States. "My job is nearly done, as states make there order transistion into seperate sovergn nations. The functions of the Federal reserve will no longer be required", Benanke commented. Gold: N/A in USD Silver: N/A in USD Oil: N/A in USD Copper: $6.2 Million Aluminum: $4.2 Million.
I read Hussman's article yesterday!
I propose Hussman for Fed Chairman!
Impeach "Bubbles" Bernanke NOW!
When inflation was running high, Ben conveniently leaves out energy and housing in his statistics. Too volatile.
Now, he uses housing as an example to show that inflation is under control and frequently avoids using food or energy in his statistics.
He cherry picks sectors to fit his world view model. Which is why economists are considered lower life forms than lawyers. These guys should know 3rd grade math, but make up complicated algos and formulas that tell them what they want to hear.
And to combat corrective deflationary pressures on assets and credit they juice base prices to force price inflation up the manufacturing channel right into peoples wallets- so the FED gets your savings into the money velocity by stealing.
The world is fucked up because wackos like economists drive the system.
Of course current inflation is more than "transitory." it's a punch in the face, finally they cut some spending and adjusted the budget, it's a start but surely not a long-term fix.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.