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[quote=asianautica]CNBC is as balance as you can get with regards to MSM. Name me another station that invite a equally smart and equally opinionated panel and let them discuss. You can pick and chose who you want to listen to. CNN is almost as bad as Fox, but on the other end of the spectrum.

Specifically about Kudlow & Company, most of the time, they always have 2 vs 2 or 3 vs 3 for bears vs bulls, dems vs reps, etc. You can’t get more balance than that on any MSM. The hosts, from Erin, to Kudlow, all know their stuff. Whether you agree with them or not, they’re much more knowledgeable than any other MSM I’ve seen.[/quote]

Only Ron Insana was talking about deflation a year ago, while Kudlow was quaking about how great economy was doing. So, NO Kudlow doesn’t know as much as Rich or Sdude or most posters here.

The Fast Money guys are only ones who talk straight. Caruso and Francis bash union workers all day long stating they make $73/hr (most of that is for retiree pensions and benefits). Meanwhile GE is sinking, getting Govt help and these ladies are not volunteering pay cuts for themselves.

Bloomberg is where to get real stories, esp Night Talk with Mike Schneider.

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Heard from grapevine that USPS is going to start layoffs in San Diego, those with less than 5 years who are not covered by union.

This is from labor union, so probably not urban legend.

First-Ever Layoffs Loom at Postal Service
“But Postmaster General John Potter, after reporting losses of $2.3 billion in the fiscal year ending September 30, informed the unions that 16,000 craft employees (out of approximately 600,000) are not protected by contractual, seniority-based no-layoff clauses.”

http://www.labornotes.org/node/1947

[equalizer]

Heard from grapevine that USPS is going to start layoffs in San Diego, those with less than 5 years who are not covered by union.

This is from labor union, so probably not urban legend.

First-Ever Layoffs Loom at Postal Service
“But Postmaster General John Potter, after reporting losses of $2.3 billion in the fiscal year ending September 30, informed the unions that 16,000 craft employees (out of approximately 600,000) are not protected by contractual, seniority-based no-layoff clauses.”

http://www.labornotes.org/node/1947

[equalizer]

Heard from grapevine that USPS is going to start layoffs in San Diego, those with less than 5 years who are not covered by union.

This is from labor union, so probably not urban legend.

First-Ever Layoffs Loom at Postal Service
“But Postmaster General John Potter, after reporting losses of $2.3 billion in the fiscal year ending September 30, informed the unions that 16,000 craft employees (out of approximately 600,000) are not protected by contractual, seniority-based no-layoff clauses.”

http://www.labornotes.org/node/1947

[equalizer]

Heard from grapevine that USPS is going to start layoffs in San Diego, those with less than 5 years who are not covered by union.

This is from labor union, so probably not urban legend.

First-Ever Layoffs Loom at Postal Service
“But Postmaster General John Potter, after reporting losses of $2.3 billion in the fiscal year ending September 30, informed the unions that 16,000 craft employees (out of approximately 600,000) are not protected by contractual, seniority-based no-layoff clauses.”

http://www.labornotes.org/node/1947

[equalizer]

Heard from grapevine that USPS is going to start layoffs in San Diego, those with less than 5 years who are not covered by union.

This is from labor union, so probably not urban legend.

First-Ever Layoffs Loom at Postal Service
“But Postmaster General John Potter, after reporting losses of $2.3 billion in the fiscal year ending September 30, informed the unions that 16,000 craft employees (out of approximately 600,000) are not protected by contractual, seniority-based no-layoff clauses.”

http://www.labornotes.org/node/1947

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[quote=sdrealtor]If gas stays under $2/gallon they can do whatever they like on top of that.[/quote]

Yep, in that case I wouldn’t mind if they spent that 20-40 cents on speeding up new freeway lanes, such as the I-15, 163 to 56. (plenty of unemployed people who would love to work) Traffic would be reduced, pollution would go down.

[equalizer]

[quote=sdrealtor]If gas stays under $2/gallon they can do whatever they like on top of that.[/quote]

Yep, in that case I wouldn’t mind if they spent that 20-40 cents on speeding up new freeway lanes, such as the I-15, 163 to 56. (plenty of unemployed people who would love to work) Traffic would be reduced, pollution would go down.

[equalizer]

[quote=sdrealtor]If gas stays under $2/gallon they can do whatever they like on top of that.[/quote]

Yep, in that case I wouldn’t mind if they spent that 20-40 cents on speeding up new freeway lanes, such as the I-15, 163 to 56. (plenty of unemployed people who would love to work) Traffic would be reduced, pollution would go down.

[equalizer]

[quote=sdrealtor]If gas stays under $2/gallon they can do whatever they like on top of that.[/quote]

Yep, in that case I wouldn’t mind if they spent that 20-40 cents on speeding up new freeway lanes, such as the I-15, 163 to 56. (plenty of unemployed people who would love to work) Traffic would be reduced, pollution would go down.

[equalizer]

[quote=sdrealtor]If gas stays under $2/gallon they can do whatever they like on top of that.[/quote]

Yep, in that case I wouldn’t mind if they spent that 20-40 cents on speeding up new freeway lanes, such as the I-15, 163 to 56. (plenty of unemployed people who would love to work) Traffic would be reduced, pollution would go down.

[equalizer]

Fed action may not directly affect 10 year bond, but $800B action decreased spread between 10 year note and mortgage rates.

From WSJ:
“Last week, debt issued by Fannie Mae was yielding around 1.8 percentage points more than Treasury bonds of the same maturity. That compared to a 0.7 percentage point “spread” over Treasury bonds in September.”

The spread was cut, thus lower mortgage rates.

[equalizer]

Fed action may not directly affect 10 year bond, but $800B action decreased spread between 10 year note and mortgage rates.

From WSJ:
“Last week, debt issued by Fannie Mae was yielding around 1.8 percentage points more than Treasury bonds of the same maturity. That compared to a 0.7 percentage point “spread” over Treasury bonds in September.”

The spread was cut, thus lower mortgage rates.

[equalizer]

Fed action may not directly affect 10 year bond, but $800B action decreased spread between 10 year note and mortgage rates.

From WSJ:
“Last week, debt issued by Fannie Mae was yielding around 1.8 percentage points more than Treasury bonds of the same maturity. That compared to a 0.7 percentage point “spread” over Treasury bonds in September.”

The spread was cut, thus lower mortgage rates.

[equalizer]

Fed action may not directly affect 10 year bond, but $800B action decreased spread between 10 year note and mortgage rates.

From WSJ:
“Last week, debt issued by Fannie Mae was yielding around 1.8 percentage points more than Treasury bonds of the same maturity. That compared to a 0.7 percentage point “spread” over Treasury bonds in September.”

The spread was cut, thus lower mortgage rates.

[Author]

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