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The U.S. Marshals Service offers the following asset for auction:
A Yellow 2001 Lamborghini Diablo 6.0 VT 2 Door Coupe, 4WD
Odometer Reading: 4639
Engine: 6.0L, V 12 FI DOHC 48V
Standard Specifications Include:
Transmission – 5 speed manual
Brakes – 4-wheel disc
ABS – 4 wheel ABS
Manual Air Conditioning
Remote Keyless Entry
Minor scratches on bottom of front bumper and rear bumper.
Originally posted by DaddyBare
Looks like I'm not the only one who thinks the markets are overblown...
Ahead of the market's open, Dow Jones industrial average futures fell 45, or 0.5 percent, to 9,919. Standard & Poor's 500 index futures fell 5.60, or 0.5 percent, to 1,084.20, while Nasdaq 100 index futures fell 4.75, or 0.3 percent, to 1,743.75.
Earnings reports from banks have been of particular focus for the market this week. Investors want to see signs that credit losses are stabilizing, which would indicate that consumers and businesses are having an easier time paying off their debts. It doesn't look like that's happening... if anything it's getting worse!!!
BOA had to set aside more than $11 billion to offset bad loans.GE too took a big hit from their finance division driving profits way down. The unit saw its profit fall 87 percent during the quarter.
So much for signs of a recovery...
The Federal Reserve should raise interest rates now or the US economy will be faced with another bubble, Barron's warned in its cover story; but analysts told CNBC this will not happen.
"It's time to raise the rates, Ben," ran the headline on the front cover above a picture of Federal Reserve Chairman Ben Bernanke.
The magazine is not alone in promoting this idea.
"I think that the US central bank should begin raising rates in December, I believe that the economy is strong enough for that," Dariusz Kowalczyk, chief investment strategist at SJS Markets Limited told CNBC.
Famed corporate raider Carl Icahn said he offered to underwrite a $6 billion loan to CIT Group, complaining that horse-trading between the troubled lender and its largest creditors was harming other bondholders.
The National Association of Home Builders said Monday this month's housing market index, which tracks industry confidence, slipped by one point to 18, the first dip since June when the reading fell to 15. (Index readings below 50 indicate negative sentiment about the market.)
Builders also are feeling less positive about the likelihood of sales between now and the next six months and said home-shopper foot traffic has softened since September.
The dimmed outlook comes as the federal tax credit that covers 10 percent of a home price up to $8,000 for first-time buyers is set to expire. To qualify, homebuyers must complete their transactions by Nov. 30.
Originally posted by Hx3_1963
Hx3 checking in...
New USD low on the 19th...
75.117 and barely hold above at the moment...12:39pm est...
So, is there going to be total doom and panic sex this week or what?