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This rant is from the multiple political ideologies that live inside my head. They need a place to come out and play. (In a politically offensive way) Entry into this space is not advised!
Saturday, February 16, 2008
Considering the stories listed below, I have to wonder about the future of Rail projects and Coal to liquid. I've been worrying about how the credit chaos would ultimately affect big ticket projects.
Well, here we go: Municipal Market Is Beset By Wave of Auction-Bond Failures
The Port Authority was forced to pay a rate of 20 per cent after the sale of $100m bonds failed at an auction on Tuesday.
Along a different track:
Looks like energy stocks have the best chance of success in the current market.
Here are a some graphs showing that as the fed lowers its rates, the real world rates keep going up:
Failure of Borrowing Costs to Fall
How SubPrime Really Works: An amusing little power point presentation.
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