Posted 12 hours ago

The International Herald Tribune reports Californians leading the way to consumer bust.As it did when the housing bubble began to burst, California is leading the way in the next leg: a consumer bust.

Tags: bonds budget deficit economics economy housing housing bubble inflation tax taxes

Posted 22 hours ago

I have come across an interesting difference of opinion between the Fed and the ECB in regards to various Swap-O-Rama-Programs. Let's start with the Fed.On May 13th Bernanke said Fed to Boost Loans to

Tags: bernanke bonds central bank euro fed federal reserve housing the fed treasuries

Posted 1 day ago

The Federal Reserve bank of New York Has Dynamic Maps of Nonprime Mortgage Conditions for the United States. The maps offer a switch between Alt-A and Subprime. Here is one such map showing the percen

Tags: arms federal reserve

Posted 1 day ago

Inquiring minds have been pondering Volcker's latest statements regarding stagflation, the CPI, regulation of banks, and even the need for an administrator to watch over the Fed.Let's see where Volcke

Tags: deflation economy fed federal reserve foreclosures housing inflation interest rates money supply oil peak oil real estate stagflation the fed

Posted 2 days ago

Bloomberg is reporting Foreclosures Climb 65% as Loan Workouts Fall Short.U.S. foreclosure filings climbed 65 percent and bank seizures more than doubled in April from a year earlier as mortgage indu

Tags: foreclosures pipeline

Posted 2 days ago

The BLS has released the April Consumer Price Index (CPI). Let's take a look.The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in April, before seasonal adjustment, the Bu

Tags: gas housing oil petroleum

Posted 2 days ago

The BBC is reporting Oil hits new high on Iran fears.Oil prices have hit a record just shy of $127 a barrel after Iran said it was studying a plan to cut crude output. President Mahmoud Ahmadinejad sa

Tags: crude oil output petroleum refinery

Posted 3 days ago

Discarded containers have been stacking up at ports. They are cheaper to build new than to return to their country of origin, so they have been piling up up by the thousands.Now a Detroit condo projec

Tags: foreclosures housing

Posted 3 days ago

Bloomberg is reporting Libor Poised for Shake-Up as Credibility Is Doubted.The benchmark interest rate for $62 trillion of credit derivatives and mortgages for 6 million U.S. homeowners faces its bigg

Tags: currencies economy fed fed funds federal reserve the fed

Posted 3 days ago

The Wall Street Journal is reporting Democrats Face Rescue Backlash.Democrats may be risking a backlash at the polls in November by pushing hard to use taxpayer money to rescue homeowners who can no l

Tags: economy housing