Page 29 - Basis Point News Today

Washington. >> i dont think theyre calculus on this stuff is as rational as your question suggests, of course. but, again, if you actually get out of this beltway, and i try to do it as much as possible, and talk to people, the question i consistently get is why doesnt washington really care about the problems that we face? and when you mention recent housing numbers hupp up 7%, retp 5% over the past year -- >> chrysler mentioning a record sales number. >> its an economy that is slowly improving...

So a big, liberal narrative has been about this 25-1 out spending. and a lot of this focus has been on walker and who the cosponsor come frs. but i feel like this is sort of the narrative. it sort of makes it seem like walker has no legitimate basis point. its an astroturf movement. but walker clearly has a real social base. and hes tapping with real resentments against unions. so when people nonunionize workers and middle class people see union privilege, see things like health care, pensions, ...

Would do away with medicare and go to a voucher system. it would make draconian cuts in the social security and medicare programs, and president obama is not going to go along with that. what he is going to go along with are reasonable cuts that put this countrys financial house back in order. this isnt kicking the can down the road. if the republicans had passed a reasonable bill out of the house for reasonable cuts. >> come on, dick. >> and not try to make this a political point to be scored, ...

>> shepard: some business news now we begin with home sales. sales of previously occupied homes fell 5% last month actually better than the analysts were thinking. they warned that home sales will likely continue to fall after a home buyers tax credit expires. thats bad for folks who want to sell but good for those looking to. the average interest rate on a 30-year loan was down one basis point according to lender freddie mac 54.56%. on the job hunt this evening. a sharp increase in the number o...

It takes the consumer to say im going to wait to do what im planning on doing and that is a concern. >> it gets confusing but there is this contradiction we hear the number come out and we get the percentage. 9.8% unemployment but then what were looking at is number of jobs and might be fewer people looking. what should we be focused on when we look at that number? >> that number moves around a bit. you do want it to ultimately move down but youre right. month-to-month, especially given what the...

Containment box. one, it makes it more basis point. those ice crystals lighter than water, and so that could have caused a problem with the box floating. but also it clogged up the top of it where the pipe was supposed to be connected to begin siphoning the oil to the surface. so bp had to lift the box back off of the leak and move it some 600 feet or so away, set it back down, and now it is just waiting there for them to come up with some type of solution. as you said, they say its going to be ...

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What is your response to what he was saying. >> i agree with him. in 1979 when the printing presses went down for a while we saw the basis point go up and it cost us money down the run. there was a technical default in 1979. lets look at happened in japan this january, they went from a double a rating to a double a minus and that sent ripple affects through the financial markets that got the yen to go down and at the same time interest rates went up, so that could be a possibility also for the u...

>> i agree with him. in 1979 when the printing presses went down for a while we saw the basis point go up and it cost us money down the run. there was a technical default in 1979. lets look at happened in japan this january, they went from a double a rating to a double a minus and that sent ripple affects through the financial markets that got the yen to go down and at the same time interest rates went up, so that could be a possibility also for the united states. martha: just a couple of months...