Prof Nouriel Roubini is “Dr. Doom” in NYT Magazine
I had lunch with Nouriel on Friday at Mercer Kitchen in Soho, not too far from his NYU offices. We chatted about many things (he gave me...
Fannie and Freddie: Worth Negative $50 Billion Each
Fascinating piece in Barron’s this week on our favorite junk paper: Phoney and Fraudy. A few interesting factoids about the GSEs,...
Home Equity Frenzy !
Today’s must read MSM piece is a page one NYT article on how second mortgages — "the borrowing of last resort, to be...
Down 97%: Tax Trouble Coming For States & Cities
Here’s something you may not have considered: The massive losses taken by Wall Street Banks and Brokers is going to wipe out their...
The Battle Over the Bottom in Financials
Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . . Note: I have a great deal of respect...
Greenspan’s Housing Bottom: Agree or Disagree?
Last night, we looked at yet another Greenspan housing bottom call. This morning, the WSJ forum asked the following question: Do you...
July 2008 U.S. Foreclosures
Household per Property with Foreclosure Activity Source: RealtyTrac > One in every 464 U.S. households — 272,171 U.S. properties...
Greenspan Calls a Housing Bottom (Again)
> "If they are too big to fail, make them smaller," former Nixon Treasury Secretary George Shultz said. > That quote was...