Halliburton stock jumps as operations flourish

Halliburton Co. saw a double-digit jump in its stock price this morning after its third quarter earnings beat Wall Street expectations and CEO Dave Lesar expressed confidence in the company’s ability to weather the current economic crisis.

Sigh.

they knew, and as early as early 2007 or 2006. As laid out in this piece (entitled "Perfect Storm in Default") by a mortgage default professional in response to a Wall St. Journal article:

Some "money" quotes, and a trend:

"In the movie the “The Perfect Storm” three storm systems converged to create the storm of the century which had a horrendous impact on the east coast of the United States and Canada. What does it mean when we have 16 major economic indicators pointing to problems with the housing industry and the national economy. It means “The Perfect Storm in Mortgage Default” is not only possible but extremely likely." Read more…

Great diary over at the House of Orange which goes to explaining why BushGonzoCo was so anxious to sack US Attorney Lam before she got close to investigating US Rep. Jerry Lewis. Yes, military contractors, looting, war profiteering, hedge funds and the trend to shifting ownership of these companies overseas out of US regulatory/investigative range is involved, but I guarantee this is the most coherent story involving those terms you are likely to read today. Read more…