Thanks to Barry Ritholtz I found this analysis from Vladimir Klyuev at the IMF, What Goes Up Must Come Down? House Price Dynamics in the United States. While I have been of the opinion we have a good ways to go, I think these charts are pretty telling. I don’t see anything here to...
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I apologize ahead of time if this post is a bit intemperate. Buried around a truism, the New York Times has produced a misleading and rather silly piece on the value of “predictions.” The thrust of the piece is that predicting the markets and the economy, especially in the short term, is fraught with...
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Durable goods cam in better than expected, though it may only be due to a temporary bump: Miller Tabak’s Peter Boockvar notes that “the Govt stimulus package has a depreciation tax credit that expires by year end — so companies have to now use it or lose it. That could have had an impact...
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You may remember the website we discussed back in January. Dale Franks just discovered their program, because they now are on Television. He asks the obvious question: So, should the mortgage companies get off scott-free from facing the results of their poor business decisions when it comes to the loans—loans they shouldn’t have made...
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One of the few disappointing aspects to our year, which has been pretty spectacular if you ask me, has been the relatively strong performance of REIT’s. That seems to have started to reverse, and I expect that will continue. Goldman Sach’s seems to agree with me on that. Download article as PDF
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Heavier hitters than myself are slowly lining up to put out estimates of the total losses from the credit crisis more in line with my thinking. Welcome aboard! Using far more “off the cuff” methods than Nouriel Roubini, the IMF, Jeremy Grantham, John Hussman, UBS, John Paulson or Goldman Sachs, I have been expecting...
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