Commercial Real Estate: More Trouble Ahead
“Between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms. Nearly half are at...
What is the Cyclically Adjusted S&P500 P/E Ratio ?
Warning: Wonkiness ahead: Chris Turner took a look at Yale’s Bob Shiller “cyclically adjusted price to earnings ratio”...
UoM confidence touch light but not shocking like Tuesday
Following the very weak Conference Board Consumer Confidence figure on Tuesday and the 4 month low in the ABC confidence poll, the final...
Justin Mamis On New Short Selling Rules
Here is my quote of the day: “Those so-called adults who fuss about short sales are really silly. What competent grown-up would...
Existing Home Sales losing the little mo it had
Existing Home Sales totaled 5.05mm annualized which was 450k below expectations and down from 5.44mm in Dec. It’s at the lowest...
Economic data
Feb Chicago PMI was a better than expected 62.6 up from 61.5 in Jan and vs the consensus of 59.7. It is now at the highest level since...
Chicago PMI confirms mfr’g leading the incipient recovery
Feb Chicago PMI was a better than expected 62.6 up from 61.5 in Jan and vs the consensus of 59.7. It is now at the highest level since...
Underwater Home-Owers: Demand Principal Reductions
The FDIC is proposing a test program of principle reduction for negative equity homeowners. But why is the FDIC required? An intriguing...
Q4 Real GDP revised higher but nominal left unchanged
Real Q4 GDP was revised to a better than expected 5.9% from the initial reading of 5.7%. Nominal GDP however was left unch at 6.3%....