Fed attempts to jumpstart economy through increased sales of U.S.-made....

http://www.mortgage101.com/partner-scripts/story.asp?ID=38468

<snip>
Mortgages have had a good run: early in the week5.875 percent, briefly to 5.625 percent on Wednesday, then 5.75 percentyesterday and today.

New economic data did not change marketperceptions. Housing is still screaming-strong, reflecting U.S. populationgrowth (about 300,000 people/month), not economic acceleration of the kind thatwould disturb the Fed; CPI was flat in October; and the trend for fewerunemployment claims continued.

The mid-week mortgage low coincided with new U.S.-imposedrestrictions on China's exports. This threat of protectionism caused panickedselling of the dollar in currency markets, though bonds benefited from buyingby foreign central banks that were trying to keep their currencies fromappreciating versus the dollar.

Other forces may be at work. Textiles were theobject of the new restrictions on China, specifically to stop the expansion ofChina's exports of brassieres to the United States, which tripled in 2003. Itis possible that the dollar fell because of the threat to American civilizationposed by a looming shortage of brassieres, a development the baby boomers consideredprogressive and pleasant in the 1960s, perhaps a mixed blessing for them today.A spokesman from China's Commerce Ministry (who evidently suffered ahumorectomy at the hands of the Red Guards) decried the American policy as abreach of "discrimination and transparency," delivering his complainta few hours before the annual Victoria's Secret show.

Govt is selling off something else?

time for a poll
one for men and one for women.
same question: who here is concerned about a shortage of brassiers?
i couldn't resist -- i'm sure there is serious information there -- but i coouldn't get past the bra shortage.
short bras comes to mind as well... time for me to stop.

I an concerned about the bra shortage, I can't hardly stand it now.

to deal with this terrible bra shortage

Don't ban breasts, just bras. I'll give up my Fruit of the Looms for the duration as well. Just doing my bit for my country.

:evilgrin:

and Iraq over the last 2.5 years and our economy is still in massive trouble? (Enough money to keep all of us in debt for the next 20 years.)


The manufacturing sector has shed jobs for 39 straight months and now accounts for about 11 percent of U.S. non-farm jobs, down from 15 percent in the mid-1990s.
http://msnbc.com/news/993774.asp?0cv=CB20

(How long until we're down to single digit percent of manufacturing jobs? Any there's no stopping it, with GOP Shit-For-Brains at the helm! No country can survive with such low manufacturing output!

And look at the dozens of reports coming from Time, Newsweek, MSGOP, CBS... 'Where are all the high paying jobs?' 'Where are the full-time jobs.'

And look at the fact that thousands of people aren't even counted as unemployed because they're past the time period of benefits.

And look at if you do find a full time job the benefits are gone.

But Sheeple are Sheeple. Reagon won by ignoring the problems so the Dems. got something to learn with that. America was set on course by Clinton but we won't hear that on GOP Whore Think Tanks.