Jan - 5th
The next investment bubble: U.S. Treasuries
Posted at 10:39 am | Filed Under Politics, The Economy
The bubble in Treasuries looks ready to pop, sending prices on government debt sharply lower. But just about every other corner of the bond market beckons — and could provide competitive returns with stocks, even if the equity markets have a strong 2009. (Video)
Jan - 5th
The U.S. Economy may be worse a year from now
Posted at 12:22 am | Filed Under Politics, The Economy, Real Estate
That is what Martin Feldstein said on CNBC.
I think we’ll be lucky if by this time next year we see the economy having hit the bottom and starting up, and that’s still going to leave us at a very low level of economic activity even if the turn has come at that point,” Feldstein said […]
Jan - 5th
Trying to increase home ownership among Hispanics backfires
Posted at 12:07 am | Filed Under Politics, The Economy, Real Estate
The Wall Street Journal has a good article showing how the move by several minority groups to increase home ownership among Hispanic didn’t really work and ended up hurting the same people they were trying to help.
For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success. Between 2000 […]
Dec - 23rd
More horrible numbers for the housing market
Posted at 11:14 am | Filed Under Politics, Bailout News, The Economy, Real Estate
The National Association of Realtors (NAR) just released November esisting-home sales numbers and they are just horrible. We are now seeing the NAR becoming more pessimistic in their statements. Why are the cheerleaders of housing becoming more pessimistic?
Quite simple. The NAR has changed their strategy and are now trying to paint an even worse housing […]
Dec - 20th
No H.O.P.E. for homeowners
Posted at 7:12 am | Filed Under Politics, Bailout News, The Economy, Real Estate
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Visit msnbc.com for Breaking News, World News, and News about the Economy
Dec - 18th
Barney Frank On Bailouts, Welfare
Posted at 7:14 am | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
Watch CBS Videos Online
(CBS) Barney Frank has been called the “smartest guy in Congress,” which is lucky for us since he works on some of the thorniest issues around.
The 14-term, 68-year-old Harvard-educated Democratic congressman from Massachusetts is chairman of the House Financial Services Committee, which means his portfolio includes banks, housing and now the auto […]
Dec - 15th
A Second Mortgage Disaster On The Horizon?
Posted at 7:36 am | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
(CBS) When it comes to bailouts of American business, Barney Frank and the Congress may be just getting started. Nearly two trillion tax dollars have been shoveled into the hole that Wall Street dug and people wonder where the bottom is.
As correspondent Scott Pelley reports, it turns out the abyss is deeper than most people […]
Dec - 11th
Why bother with appraisals?
Posted at 12:58 am | Filed Under Politics, Bailout News, The Economy, Real Estate
You know, home appraisals are so overrated that Fannie and Freddie decided they are not needed in order to approve borrowers when they refinance.
Can this mess get any worse? You bet it can.
This from Bloomberg:
Dec. 10 (Bloomberg) — Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the U.S. government, are considering forgoing […]
Dec - 2nd
Paulson Explains the Financial Crisis
Posted at 5:52 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
Dec - 2nd
Less available credit? I hope so
Posted at 7:58 am | Filed Under Politics, The Economy, Real Estate
Nothing could be better news to my ears that seeing credit card companies cutting the credit they provide to American consumers. Obviously, the average American consumer has not been responsible managing credit so this is definitely good news.
According to Yahoo Finance:
(Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines […]
