I am otherwise jammed up, so I didn’t get a chance to take apart the Housing Starts data — but damn! if these two charts (via...
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Seiders seems to be rather reasonable, he is looking for modest starts tomorrow. click for video Note that he actually is looking for...
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I came across an interesting Fed paper the other day from 2005. It looked at how much subsidy was built into shareholder’s equity...
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map courtesy of Zillow Real Estate Market Reports > Check out that map above; its from RE website Zillow.com. I haven’t...
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“The system is completely broken. It’s amazing that the system ever worked at all.” -Marc L. Weinberg, Acting Executive...
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Click for video Source:International Herald Tribunehttp://www.iht.com/multimedia/audioslideshow/2008/08/12/business/archive/index.html
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An article in the weekend WSJ got me thinking about Real Estate related frauds of all kinds. Titled FBI Probes Unusual Incentives for...
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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...
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Fascinating piece in Barron’s this week on our favorite junk paper: Phoney and Fraudy. A few interesting factoids about the GSEs,...
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Today’s must read MSM piece is a page one NYT article on how second mortgages — "the borrowing of last resort, to be...
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