Strategic Defaults in Florida
Interesting Miami Herald look at the rising trend of strategic defaults in Florida. Thanks to the eroding “social stigma of...
Early Morning Look
From a major NY Trading Desk 10/27: Central banker judgment is the ultimate regulatory loophole Only time will tell how effective the new...
Durable Goods about in line
Sept Durable Goods was about in line with expectations both headline and ex transports. Orders rose by 1% and were up .9% ex transports....
Shiller Says It’s More Than Stimulus Driving Home Prices
VERY DISAPPOINTING THAT BLOOMBERG STOPPED EMBEDDABLE VIDEO AT YOUTUBE. I WILL MOSTLY AVOID NONEMBEDS IN THE FUTURE . . . Robert Shiller,...
Entering the Holiday Shopping Season (Beware Surveys!)
With Halloween upon us, we are about to enter the prime US Holiday shopping season. So far, advertising has been subdued. Even without...
The Future of the Stock Market and the World Economy
Interesting event tonight at the NY Historical Society: > The Future of the Stock Market and the World Economy Wednesday, October 28...
Home Prices Through August 2009
Nice interactive chart in the NYT, in an article that is surprisingly realistic: “Even as new figures show house prices have risen...
American Bankers Association Protest in Chicago
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Former Chair of Citigroup: Restore Glass-Steagall
This is pretty amazing: > Volcker’s Advice To the Editor: Re “Volcker’s Voice, Often Heeded, Fails to Sell a Bank Strategy”...
Tuesday Reading
Quite a few interesting reads today: • New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers (Bloomberg) • Bill in works to...