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Posts under ‘Daily Market Comment’

KPIG Radio – The Profit Motive October 22

CPI remains muted. Mortgage activity increases as rates fall. Ocwen gets caught backdating letters and abusing its mortgage clients.

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KPIG Radio – The Profit Motive October 21

Existing home sales jump. Mortgage credit standrds to be lowered? Bankster FOREX rigging fines 41 billion? I’ll believe it when I see it.

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KPIG Radio – The Profit Motive October 20

IBM misses big. CoreLogic notes that mortgage credit is very tight. What about debt and income? The Fed borrows way more than the deficit.

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KPIG Radio – The Profit Motive October 17

Markets made strong gains on Friday but negative since Monday. Housing permits and starts came in mixed. California unemployment rate 7.2%.

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KPIG Radio – The Profit Motive October 16

Foreclosure activity gains, 1st time in 3-years. Philly Fed and NAHB fall. Industrial production jumps. Unemployment hits a 14-year low.

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KPIG Radio – The Profit Motive October 15

Markets plunged, PPI slips again, Empire state manufacturing craters, retail sales slip. Beige book more of the same but cracks appear.

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KPIG Radio – The Profit Motive October 14

Bay area home sales strong from a year ago but weak for the month. Fear index hits a very high 1.53. Shale oil companies fake reserve data.

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KPIG Radio – The Profit Motive October 13

Energy prices fall and so does the inflation measuring PPI and CPI. True inflation/deflation is a monetary issue, price is a symptom.

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KPIG Radio – The Profit Motive October 10

Import and export prices fall further into the red. Barclays setteles another LIBOR suit. Major averages fall hard for the week.

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KPIG Radio – The Profit Motive October 9

Wholesale trade misses big as inventories jump and sales fall. HELOC originations surge. Freebies to buy a new house, 2007 Deja-Vu.

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