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When there is financial failure, it comes as a result of illiquidity. Now, truly, these parties are insolvent, because they took the risk of not being able to pay cash when it was due. ... read more »
In the famous word of Red Foxx, it looks like “this is the big one” for the European Union. The EU looks to be collapsing. Listen carefully and one can almost make out faint screams of “look... read more »
More lies from the discredited, conflicted and data manipulating NAR which for some stunning reason continues to move the market, even more paradoxically after the existing home sales number came at... read more »
By many measures, the U.S. economy has come a long way since the depths of the most recent recession; since bottoming out in early 2009, most equity indexes have climbed sharply higher and... read more »
Lately the news on the economy has continued to deteriorate. GDP growth has slowed to a snail’s pace, new orders have fallen off as manufacturing is on the decline, and we’ve seen a surge of poor... read more »
While the quant funds are desperately seeking modelers for a "deranged middle east dictator" algo, the US economy continues to prolapse. From the release: "Sales of new single-family... read more »
Commercial and industrial loans appear to be on the rise again. For the first time since the Great Recession slammed the economy, lending is increasing, according to Federal Reserve data. Banks are... read more »
In case you didn't see Gretchen Morgenson's must-read article in the NY Times:Mortgage Giants Leave Legal Bills to the TaxpayersAn excerpt:The bulk of those expenditures - $132 million - went to... read more »
This week the NASDAQ Composite and the Small Cap Russell 2000 Index closed at levels not achieved since January 2008. The S&P 500 is flirting with prices that were held back in September of... read more »
After posting an all time low rate of 4.17% in the week ended November 11, the 30 Year Freddie Mac Fixed-Rate Mortgage has surged by 22 bps to 4.39%, the highest average rate since August 19, before... read more »
