ADP shows solid job growth and a nice trend. Mortgage activity and GDP forecasts slip. Census reports a big diversion between house prices and property taxes.
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KPIG Radio / The Profit Motive March 30
ADP shows solid job growth and a nice trend. Mortgage activity and GDP forecasts slip. Census reports a big diversion between house prices and property taxes.
Could Declining House Values Spark The Next Taxpayer Rebellion?
Despite a fall in real estate values of 31% between 2006 and 2009, property taxes increased 27% during the same period. The next tax payer rebellion?
Reggie Middelton on Real Estate and the NAR
Mr. Middelton offers his insights on real estate and the credit crisis. Laying out the connections and illustrating why a real estate recovery is years away.
KPIG Radio / The Profit Motive March 29 Audio
The Profit Motive March 29
KPIG Radio / The Profit Motive March 29
Despite mixed retail sales data and additional confirmation of real estates double dip. Stocks moved higher in early trade and enter the final hour with decent gains. The January Case/Schiller housing price indexes show declines across the board both monthly and annually with the real, or inflation adjusted, indexes hitting a new post bubble low. [...]
Mortgage Brokers Go Free While Mortgage Customer Goes to Jail
The loan docs were fudged and Mr. Engle did benefit from the cash out. Not all the fudging was his. Why aren’t the banksters in jail too? No justice, no peace.
On Way Out, Barofsky Has Harsh Words for Treasury and About Tarp
SIGTARP Neil Barofsky’s thoughts on the Treasury, bailout programs and the banks. Missed opportunities, lack of planning, favoritism and political influence.
US muni bond demand slips into big freeze
Disappearing demand for Muni’s as state and local finance continues to deteriorate compliments of the real estate and financial crisis.
KPIG Radio March 28 Audio
Manufacturing is starting to slip. Income is tepid again after the one off tax cut. Another slow week for the FDIC, this makes 5. Pending home sales are weak.
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. 
