Lance on Jul 09 2008 | Filed under: Housing Market, Politics, economy, real estate
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 in the [...]
Lance on May 13 2008 | Filed under: Housing Market, Politics, Valuation, economy, monetary policy
From the New York Times:
Earlier this year, Mr. Bush derided a modest plan to provide $4 billion to states and localities to buy foreclosed properties, saying that buying up empty homes helps only “the lenders or the speculators.” Actually, it protects entire neighborhoods and local economies from the effects of foreclosures by preventing a greater [...]
Lance on Feb 24 2008 | Filed under: Housing Market, Latest data, Politics, Risk, economy, indexes, real estate, today's links
We should start out with some humor:
A robber in a ski mask blamed the bank for what he was about to do, The Associated Press reported Feb. 22.
“You took my house, now I’m going to take your money!” the assailant hollered. Talk about a reverse mortgage!
The FBI plans to review the bank’s foreclosure records for [...]
Lance on Jan 21 2008 | Filed under: Developing Markets, Economic Indicators, Economics, Emerging Markets, Federal Reserve, Government policy, International Equities, Market Data, Politics, Risk, monetary policy, today's links
It seems world markets see the stimulus plan in the US as evidence for panic, not joy.
Stock markets around the world plummeted Monday, prompted by pessimism about U.S. President George W. Bush’s plans to boost the U.S. economy.
Share prices in Asia, Europe and the Americas all plunged by significant amounts; Wall Street only avoided joining [...]
Lance on Jan 15 2008 | Filed under: Economics, Federal Reserve, Government policy, Housing Market, Politics
Barry Ritholtz, Andrew Ross Sorkin, Dottie Herman, Noah Rosenblatt and Nouriel Roubini debate the housing market and its impact on the economy.
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Hat tip: Barry Ritholtz
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Lance on Jan 15 2008 | Filed under: Baton Rouge News, Louisiana, Politics
The most prominent Indian American politician in American history has now been sworn in as governor:
Bobby Jindal took the oath of office as Louisiana’s 55th governor at noon today, becoming the state’s first non-white governor since Reconstruction. Jindal, a 36-year-old Republican and Baton Rouge native, won the October 2007 primary outright against 11 opponents with [...]
Lance on Jan 15 2008 | Filed under: Economics, Politics
Alea notices that a widely cited paper claiming that Democratic Presidents are better than Republican presidents for the stock market doesn’t hold water:
This paper shows that the statistical tests applied by the authors of the study were wrong, and that, once corrected, the difference in stock market returns under different presidential regimes is not meaningful.
The [...]
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