40 Years In The Desert: Economic Update

08 January 2008

Merrill Lynch saying that a recession in the US "has arrived", to which I say, "what took you so long"?

Countrywide Financialis hit by rumors of bankruptcy, and they have admitted that they fabricated documents in a foreclosure suit., so their stock is tanking.

Morgan Stanley has downgraded Ambac Financial and MBIA, two of the largest bond insurers because of concerns about mounting losses.

New home contracts fall, the National Association of Realtors' has upped their estimate for year over year losses, and KB Home's losses shoot skyward.

About/Contact

Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US

I reserve the right to reprint any email correspondence on my blog.

If you want to keep your correspondence private, please tell me.

A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).

I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)

I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.

What is 40 Years in the Desert?

This blog is a place to put my stream of consciousness thoughts about life, politics, technology, and cats.

It's a posting ground for my more-or-less annual personal newsletter, 40 Years in the Desert.(PDF's available at link)

I find that if I wait until year's end I miss stuff from earlier in the year.

40 Years is put out the old fashioned way, it's printed out on ledger sized paper with 4 pages and mailed to people, total circulation of about 100.

I'm just not the holiday card kind of guy. A warning, if you comment here, I may use it in my paper publication.

You will get credit, and if I can get your postal adress, you will get at least the issue where you are quoted (probably a lot more, I rarely trim my list).

If someone actually wants to pay for an issue...I don't know, I guess a buck, but you can get the PDF's free.

I intend to post at least a couple of times a week,

40 Years In The Desert

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08 January 2008

Economic Update

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