Note: any number under 50 indicates that more builders view sales conditions as poor than good. Click on graph for larger image in new window.This graph shows the builder confidence index from the National Association of Home Builders (NAHB).The housing market index (HMI) was at 15 in March. This is a decrease from 17 in February.The record low was 8 set in […]
From Reuters: Capital One Credit Card Defaults Fall, but BofA's Rise Capital One said the annualized net charge-off rate — debts the company believes it will never collect — for U.S. credit cards fell to 10.19 percent in February from 10.41 percent in January. ...However, Bank of America said its defaults rate rose in February, up from 13.25 percent in […]
From the Fed: Industrial production and Capacity Utilization Industrial production edged up 0.1 percent in February following a gain of 0.9 percent in January. Production was likely held down somewhat by winter storms in the Northeast. Manufacturing decreased 0.2 percent in February, with mixed results among its major industries. The output of mines rose 2.0 […]
Chinese Premier Wen in no uncertain terms has told the US that they will not be pressured into revaluing the yuan and when the moment does come, it will be under China’s terms. He said “I do not think the renminbi is undervalued…We are opposed to countries pointing fingers at each other or taking strong [...] […]
Why is the White House allowing soon to be retired Senator Dodd to drive the entire financial reform discussion? The Consumer Protection legislation and the derivative reforms are the sort of things that the President should be leading on — not following someone like Dodd. Why is the White House AWOL on these important issues? Can someone [...] […]
Be sure to see the 60 Minutes piece with Michael Lewis, discussing his new book “The Big Short: Inside the Doomsday Machine.” Fascinating stuff . . . Video here. […]
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! […]
Dex One Corp. provided stockholders and analysts a glimpse into the company’s future Monday when the firm unveiled a new Web site aimed at serving customers in the wedding market. (DEXO) […]
Shares of Inspire Pharmaceuticals dropped Monday morning after the company announced that Azasite – Inspire’s drug candidate for red, inflamed eyelids – did not meet primary targets in a mid-stage clinical trial. […]
Output at U.S. factories, mines and utilities grew 0.1% in February as harsh winter weather slowed the recovery in manufacturing and other industries. A gauge of home-builder confidence fell. […]
China's finance ministry changed the accounting for some government spending this year in a way that allowed it to report a planned budget deficit below 3% of GDP. […]
The latest status of the consumer financial protection agency, I.R.S. audits of the wealthy increase and other consumer-focused items from Monday's Times. […]