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... only support post-birth human rights.
Of course. I am well aware of that. But I don't think McClintock will be our next governor. :(
(Actually, the liberals will not even support property right as a fundamental human right.)
Bap33
sorry, I just found that link and posted here. Don't have much details nor an expert on the topic.
It's Thursday, so it must be H.4.1 time. Big news is that the Fed sold $28 billion of Treasuries (only $560 billion to go). Some cash came off the street this week, but a lot went out the door with repos ($21 billion). "Discount window to non-depositories" (aka Primary dealer credit facility) is down by $5 billion but the depositories took $3 billion of that back at the discount window. Oh, and the great Treasury swap meet (aka TSLF) is proving popular; the account hit the half way mark at $100 billion.
OO will get on me if I don't mention the H.3 data too. So, bottom line, non-borrowed reserves almost hit $100 bilion, which, surprise!, is what TAF currently stands at. Someone help me out here, but doesn't his mean the vault would be empty if not for the Fed's generosity? Doesn't exactly make one sleep well at night.
OK, 2 weeks ago the Fed held $629B Treasury. 2 weeks later, they are down to $560B. Roughly we are looking at a burn rate of $69Bx2 = $138B per month.
We shall be able to blow through that $560B by end of summer.
Btw, I have to applaud Newsom for what he did yesterday.
Chinese Consulate and their CIA-equivalent has been extremely active in organizing the SF Parade to show hand. I have received at least 6 emails from different sources urging people of Chinese ethnicity to go. The Consulate rounded up buses departing from South Bay from as far as San Jose, they also bus'd a lot of people from Arizona and LA as well. I am not sure what the turn out is, I think it is around 5000-8000 people, which far outnumbered the pro-Tibetans.
If the torch were to pass through this crowd, there would be almost no risk of protester violence because, frankly, there were way too many Chinese out there. However, that would have provided a very good venue for the Chinese government to leverage this media opportunity to broadcast the patriotism of their people on OUR LAND, which I don't like. The Chinese consulate started planning this since 2 weeks ago so this is a major effort for them.
Newsom must have seen through all this. So his last-minute diversion was brilliant. If I were in his shoes, I would have done exactly the same, while saving face for the Chinese government, he didn't give them anything back either.
Chinese Consulate and their CIA-equivalent has been extremely active in organizing the SF Parade to show hand.
They have a culinary institute too?
sorry, show down. Yeah, if they advertised free gourmet food I would have gone.
I couldn't find the press release on the Fed site, but this would be welcome news (unless it means that they've run out of "acceptable collateral") :
Wall Street bond dealers bid for less than the $50 billion of Treasuries that the Federal Reserve offered at an auction today, a sign that strains in credit markets may be easing.
The New York Fed's third weekly auction under the new Term Securities Lending Facility drew $34 billion in bids for the available securities, for a bid-to-cover ratio of 0.68, the central bank said on its Web site today. The two previous auctions of $75 billion and $25 billion had bid-to-cover ratios of more than 1.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aW6E8UIovljk
Claire and others,
Did you notice that there is 25 new listings in Mountain View since last Friday, but the total listings barely has budget from ~160? Me thinks the local realtors are heavily pruning old/expired/unsold listings to keep the total from rising.
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A reader named John sent me a bunch of data on foreclosures, which I posted here:
http://patrick.net/housing/contrib/foreclosures_percent.html">http://patrick.net/housing/contrib/foreclosures_percent.html
The data says that there are 74 houses in some stage of foreclosure in Palo Alto, or 55% of all the houses for sale.
Another reader, named Carl, object that:
I forwarded the objection to John, who replied:
#housing