This is an article describing the changing dynamics in the Phoenix housing market ...From Craig Anderson at the Arizona Republic: Real-estate investors, who once fueled a run-up in home values, now helping stabilize market (ht JG) For decades to come, participants in the Valley's housing economy are sure to remember 2009 as the Year of the Investor. ... […]
This was lawsuit was filed on March 15th. Here are some details from the bank and see Morgenson's story in the NY Times for more ...From the Federal Home Loan Bank of San Francisco: Statement Regarding PLRMBS Litigation Today the Federal Home Loan Bank of San Francisco (Bank) filed complaints in the Superior Court of California, County of San Francisco, […]
Last week I reviewed some possible upside surprises for my economic outlook for sluggish and choppy growth in 2010. The most likely upside surprise appears to be coming from consumer spending and the lack of an increase in the saving rate. I still think the saving rate will continue to rise - although maybe not as fast as I originally expected. Before I comm […]
I almost called this “EBRI Says Workers Are “Clueless” About Retirement Needs” but then that would have given the whole thing away too soon. The issue we are discussing today comes to us from MacroMaven’s Stephanie Pomboy, via Alan Abelson in Barron’s. The subject: Our vastly underfunded public and private retirement syste […]
March 20, 2010 By John Mauldin O Canada The Threat to Muddle Through Back to 1971 The fault, dear Brutus, is not in our stars GDP = C + I + G + Net Exports An Optimistic New Venture, San Diego, and New York If the Chinese allowed the renminbi to rise, would that make the USA better off? That is the contention [...] […]
On Wednesday, I posted my disgust with the kindle fanboys trashing of Michael Lewis’ new book, The Big Short. I was surprised to hear from a number of literary agents who wrote to thank me for that. They have apparently been having all manner of issues with Amazon reviewers over the years, and the kindle kooks [...] […]
How about this for a new and ingenious real estate money machine? Every time a house sells during the next 99 years, 1 percent of the price goes back to the original developer or is shared among investor partners. Ka-ching! […]
Lowe’s Cos. Inc., which operates 20 home-improvement stores in the Raleigh-Durham area, plans to expand its operations in Canada by adding its first store in Saskatchewan early next year. (LOW) […]
China's commerce minister cautioned the U.S. against citing the Chinese currency as a reason for imposing trade sanctions, as both nations intensify their verbal sparring on the yuan exchange rate. […]
Bernanke called for action on financial-services firms that are "too big to fail," describing the problem as "pernicious" and an "insidious" barrier to competition. […]