Posts under ‘Credit Crises’

Foreclosure activity slows further as the banks opt for short-sales and extend and pretend. A true real estate bottom will not occur until inventory corrects.

Besieged on all sides by debt, taxes and a failed leadership the pillar of American economic strength and prosperity is eroding to the detriment of the nation.

JP Morgan’s big loss and continued Euro Zone jitters spooked the markets to begin the week. Commodities fall further. California has a new fiscal crisis.

Spain nationalizes its 8th bank. FHA loans are going south, will we have to bail them out as well? Import prices fall to just .5% annualized in April.

Fannie Mae turns its first post crisis profit, a real step towards repayment of the 116.2 billion it owes the taxpayer, Freddie Mac owes another 72.3 billion.

April ISM services misses big at 53.5. HSBC Bank gets charged with money laundering again. Not the only ones as Wachovia and Zions Bank have also been charged.

Mixed economic data and a big miss in the ADP employment report continues to cast a shadow over the economy. Treasury ignores SIGTARP, more business as usual.

An interesting piece from the mainstream media on debt and credit. Illustrating the need for a new economic paradigm and questioning China’s ascendance.

From the very good Blog by Charles Hugh Smith, of two minds. Modern investing offers the promise that investors who “do their homework” and use data more intelligently than the herd can gain a valuable edge. But what if the underlying data available to the investing public is fundamentally flawed? The federal government agencies that [...]

April ISM Manufacturing Index gains 1.4 points to 54.8. Data from CoreLogic shows that the expected foreclosure boom is a no show through the 1st quarter.