From HotelNewsNow.com: STR: New Orleans tops weekly numbersOverall the industry’s occupancy ended the week with a 4.6-percent increase to 57.7 percent, ADR dropped 1.9 percent to US$97.80, and RevPAR was up 2.6 percent to US$56.44.The following graph shows the occupancy rate by week since 2000, and the rolling 52 week average occupancy rate. Click on graph f […]
The Fed's favorite house price indicator from First American CoreLogic’s LoanPerformance ...From LoanPerformance: January Home Price Index Shows Narrowing Annual Decline National home prices, including distressed sales, declined by 0.7 percent in January 2010 compared to January 2009, according to First American CoreLogic and its LoanPerformance Home Pr […]
From Binyamin Appelbaum and David Cho at the WaPo: Small banks lag in repaying Treasury for bailout funds [H]undreds of community banks have yet to return their bailouts. More than 10 percent of the 700 banks that got federal bailouts and are still holding the money even failed to pay the government a quarterly dividend in February. The list of 82 delinquent […]
Here’s a laugher: “In a detailed review of the causes of the financial crisis, former Federal Reserve Chairman Alan Greenspan acknowledged a range of regulatory failures but strongly disputed the widely held view that the Fed left interest rates too low for too long.” Oh, it gets even worse: “In Mr. Greenspan’s 48-page review o […]
Amusing Cartoon — I suspect the worst of the Greek scare is behind us, and push comes to shove, the ECB and the EU wont let the European Union spin a part: > […]
The US$ is at the high of the day vs the euro coincident with Greek CDS at the wides of the morning by 20 bps to 307 bps following the news this morning. This level is a 2 week high. In sympathy, CDS is wider in Spain, Portugal, Italy and Ireland. Bond yields are higher [...] […]
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! […]
Papandreou said Greece isn't seeking financial aid from either the EU or the IMF even as the country struggles to fix its finances. Germany, meanwhile, signaled it might support a joint EU-IMF bailout. […]
Greenspan acknowledged a range of regulatory failures in a review of the causes of the financial crisis, but disputed the view that the Fed left interest rates too low for too long. […]
The latest on the health care overhaul, the risks associated with various ways to pay online and other consumer-focused items from Thursday's Times. […]