Traders Cooperative

[Painterguy1]

Hoenig is killing the market...

14:56 Hoenig says global growth, demand for U.S. goods has helped mitigate impact of housing decline on economy

14:55 Fed's Hoening says impact of housing on economy wider than merely 6% share of GDP; says not seen decline in U.S. housing prices now being seen since early 1990s


14:52 Fed's Hoenig says US in realignment of supply and demand in housing - Reuters

14:51 Fed's Hoenig says U.S. economic outlook uncertain - DJ


15:07 Fed's Hoenig says overall sees "a good outlook" - Bloomberg

15:06 Hoenig says dollar's decline could add to inflationary pressures


15:06 Fed's Hoenig says aware housing market could worsen further


15:04 Hoenig says expects current quarter GDP to be somewhat slower that 2%; says mortgage resets could bring down real economy; says credit conditions could worsen

15:02 Hoenig says over next year expect GDP to grow around 2%