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A new normal? That’s what one financial services guru says America consumers can expect now that the housing market has collapsed and people are losing their jobs in droves. “The worst is yet to come," adds Howard Davidowitz, chairman of Davidowitz & Associates. He thinks that the once lofty American's standard of living is undergoing a "permanent change" – with key financial assets gone that aren’t coming back; such as . . . -- An $8 trillion negative wealth effect from declining home values. -- A $10 trillion negative wealth effect from weakened capital markets. -- A $14 trillion consumer …

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President Obama – who only weeks ago warned of the greatest financial meltdown since the Great Depression if his $1.1 trillion stimulus package wasn’t passed by Congress - now says that he sees a “glimmer of hope” that the financial trauma is ending and that things could be stabilizing. Call me a cynic – and many have – but how do we go from financial meltdown to financial “glimmers” in a period of seven weeks? Especially since most of the money in the President’s stimulus plan isn’t supposed to kick in until 2010? It smells funny to me. Get elected …

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Is there a stimulus package on the way for those who use Linux and Open Source Software? You bet there is but it might not come from where you'd expect. Too many wasted stimulus dollars have already rained down upon those who wasted their own money but this time it'll be different. Sure, it will. I hear you. But this time it will be different. Let's say for a moment that Vivek Kundra, the new Federal CIO and Open Source Software proponent, manages to shake this whole FBI investigation and bribery scandal that is taking place in his former office …

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Charlie Payne, sounding a lot like Revolutionary War pamphleteer Thomas Paine, says that we're in the 2009 version of “these are the times that try men’s souls”. Of course, the historical Paine once also said that those who want to reap the benefits of this great nation must bear the fatigue of supporting it. So it goes in the stock market these days. It’s volatile, moving up one day and down the next, worn down by $1 trillion in new taxes and a $9.3 national deficit, and waylaid by frightened consumers who figure the best strategy right now is to …

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Boy. What does a tech outfit have to do to get some love on Wall Street? Intel announces a $7 billion effort to upgrade a pair of chip manufacturing centers in the U.S. and Intel’s stock price actually drops by over 3% in Tuesday trading (to $14..44 per share). I’ll get directly to what Intel is doing in a moment but the overall stock market was down 300 points at noon-time trading, presumably because of the market’s reaction to U.S. Treasury Secretary Tim Geithner’s speech on the bailout this morning, and from President Obama’s press conference last night, pretty much …

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The End.