Consumer Confidence
August Consumer Confidence from the Conference Board was a better than expected 54.1 vs the consensus of 47.9 and up from 47.4 in July....
S&P/Case Shiller Home Price Index
The June S&P/CaseShiller 20 city Home Price Index fell 15.44% y/o/y, better than the expected fall of 16.4%. The index rose 1.4%...
The Recession Is Over! Or Is It?
Excerpt: The Recession Is Over! Or Is It? Forget the unemployment rate remains north of 9% and foreclosures are near all-time highs; the...
C/SPAN Washington Journal
I am doing a live interview on C/Span Washington Journal program this morning, from 9:00am to 10:00am. You should be able to stream it...
It all comes down to home prices
When home prices stop going down, the worst of the credit crisis will have ended as banks can confidently quantify their exposure,...
Court: Fed Must Make Loan Info Public
“When an unprecedented amount of taxpayer dollars were lent to financial institutions in unprecedented ways and the Federal Reserve...
Tsunami of Foreclosures to Hit US
A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent, David...
Armey: It Was All Government’s Fault
Dick Armey on CNBC this AM blaming the Government and Federal Reserve for all of the causes of the subprime crisis. Of course, it was all...
Bernanke Wins Reappointment
The majors all have the story that Ben will be reappointed by Obama: Obama will make the announcement tomorrow on Martha’s Vineyard,...