Posts Tagged ‘KPIG’

Is Facebook on its way to doing a face plant? JP Morgans 2 billion loss trader caused similar problems in the past. FNC home price index +.5% in March.

Earned income falls to just 51.8% of the total over the last 50-years yet consumer debt increases 1,932% during the same period, the 2008 crash in a nutshell.

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.

April CPI unchanged and 2.3% annualized. March TIC reports is +36.2 billion, Chines buy more Treasury’s. NAHB hits a 5-year high but is still deeply negative.

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.

European election losses spook the markets, could it happen here? Consumer credit jumps 21.4 billion in March, its largest gain since 2001, almost a new high.

Stocks struggled to begin the week as the French and Greek election results spooked the markets. There is little economic data today, consumer credit comes out after the close, and expectations are for credit use to expand further. Yet another former housing bear, Lewis Ranieri, has joined the crowd calling for a housing bottom this [...]