Earnings strong but revenues weak, FHFA reports higher home prices. Fed chair admits stimulus helps the 1%, promotes inequality.
Posts Tagged ‘Economics’
CPI remains muted. Mortgage activity increases as rates fall. Ocwen gets caught backdating letters and abusing its mortgage clients.
Existing home sales jump. Mortgage credit standrds to be lowered? Bankster FOREX rigging fines 41 billion? I’ll believe it when I see it.
IBM misses big. CoreLogic notes that mortgage credit is very tight. What about debt and income? The Fed borrows way more than the deficit.
Markets made strong gains on Friday but negative since Monday. Housing permits and starts came in mixed. California unemployment rate 7.2%.
Foreclosure activity gains, 1st time in 3-years. Philly Fed and NAHB fall. Industrial production jumps. Unemployment hits a 14-year low.
Markets plunged, PPI slips again, Empire state manufacturing craters, retail sales slip. Beige book more of the same but cracks appear.
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.
Energy prices fall and so does the inflation measuring PPI and CPI. True inflation/deflation is a monetary issue, price is a symptom.
Import and export prices fall further into the red. Barclays setteles another LIBOR suit. Major averages fall hard for the week.