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bbro

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  • 11 Long-Term Trends Ruining the U.S. Economy [View article]
    Aggie...
    Oct 5, 2010. 03:05 PM | Likes Like |Link to Comment
  • 11 Long-Term Trends Ruining the U.S. Economy [View article]
    # 12 Longhorns fell out of the Top 25....
    Oct 5, 2010. 02:53 PM | Likes Like |Link to Comment
  • Texas - which isn't one of the 23 states where GMAC Mortgage and BofA (BAC) moved to suspend foreclosures related to the "robo-signing" practice - asks 27 loan servicers (including BofA and JPMorgan Chase (JPM)) to halt foreclosures, foreclosure sales and evictions. Texas foreclosures don't require a court order, but the attorney general's scrutiny could have a huge impact on borrowers and lenders.  [View news story]
    3.25 million mortgages in Texas....368,000 mortgages with negative equity....
    Oct 5, 2010. 02:04 PM | Likes Like |Link to Comment
  • Demand for New Homes Is Far Below Previous Lows [View article]
    Me...I am into staycations....
    Oct 5, 2010. 01:40 PM | 2 Likes Like |Link to Comment
  • Demand for New Homes Is Far Below Previous Lows [View article]
    Well now upside is another story......
    Oct 5, 2010. 01:40 PM | 1 Like Like |Link to Comment
  • A sinking dollar (-1.1% against euro, -0.5% against pound, -0.4% against Swiss franc, -0.2% against yen) has metals riding high: Copper touched a 26-month high of $3.745 a pound, and tin climbed to a record. Gold +1.8% to $1,340.60. Meanwhile, North American aluminum shipments rose 7.9% M/M in August, and were 10.9% above last year's total.  [View news story]
    Dollar Index 10/05/09 76.64

    Dollar Index today 77.83
    Oct 5, 2010. 01:33 PM | Likes Like |Link to Comment
  • A sinking dollar (-1.1% against euro, -0.5% against pound, -0.4% against Swiss franc, -0.2% against yen) has metals riding high: Copper touched a 26-month high of $3.745 a pound, and tin climbed to a record. Gold +1.8% to $1,340.60. Meanwhile, North American aluminum shipments rose 7.9% M/M in August, and were 10.9% above last year's total.  [View news story]
    Euro on October 5 2009 1.4647....
    Oct 5, 2010. 01:31 PM | Likes Like |Link to Comment
  • Mortgages: One in Five Borrowers Will Default [View article]
    "The logical conclusion is that once the homeowner is delinquent, the homeowner won't/can't cure and defaults/foreclosure is inevitable. "

    Once delinquent for 60+ days someone will walk away from
    positive equity????
    Oct 5, 2010. 11:43 AM | Likes Like |Link to Comment
  • Demand for New Homes Is Far Below Previous Lows [View article]
    Here are the numbers for everywhere...

    www.corelogic.com/Abou...
    Oct 5, 2010. 11:38 AM | 2 Likes Like |Link to Comment
  • The financial sector remains the "Achilles’ heel of the global recovery," according to a new IMF study, and prompt action is essential to alleviate regulatory uncertainty, which is acting as a drag on credit and economic growth. The report projects that writedowns from the credit crisis totaled $2.2T but nearly $4T of bank debt will need to be rolled over in the next 24 months.  [View news story]
    ????.....you are set in your opinions aren't you....here is some homework...

    www2.fdic.gov/SDI/SOB/
    Oct 5, 2010. 11:34 AM | 2 Likes Like |Link to Comment
  • The financial sector remains the "Achilles’ heel of the global recovery," according to a new IMF study, and prompt action is essential to alleviate regulatory uncertainty, which is acting as a drag on credit and economic growth. The report projects that writedowns from the credit crisis totaled $2.2T but nearly $4T of bank debt will need to be rolled over in the next 24 months.  [View news story]
    Couldn't it possibly be because there is increased capital??? did you know
    the equity to assets ratio for commercial banks is the highest
    since the late 1930's???
    Oct 5, 2010. 10:44 AM | 3 Likes Like |Link to Comment
  • Sep. ISM Non-Manufacturing Index: 53.2 vs. 52 expected and 51.5 prior (>50 denotes expansion). Prices index fell to 60.1 from 60.3. Employment rose to 50.2 from 48.2. New orders rose to 54.9 from 52.4.  [View news story]
    Weakness in fishing and hunting....
    Oct 5, 2010. 10:38 AM | 2 Likes Like |Link to Comment
  • Demand for New Homes Is Far Below Previous Lows [View article]
    "This could be good news if banks would stop sitting on inventory and just put it all out there"

    Did you know there are 5 million homes with negative equity of 25% or greater....75% of these homes are located in 7 states that make up
    31% of the populace...so it is not like the excess inventory is evenly
    placed...Vegas condo anybody??? anybody???
    Oct 5, 2010. 10:32 AM | 4 Likes Like |Link to Comment
  • Sep. ISM Non-Manufacturing Index: 53.2 vs. 52 expected and 51.5 prior (>50 denotes expansion). Prices index fell to 60.1 from 60.3. Employment rose to 50.2 from 48.2. New orders rose to 54.9 from 52.4.  [View news story]
    very nice move in new export orders...

    The six industries reporting an increase in new export orders in September — listed in order — are: Professional, Scientific & Technical Services; Information; Retail Trade; Other Services; Accommodation & Food Services; and Finance & Insurance. The two industries reporting a decrease in export orders in September are: Agriculture, Forestry, Fishing & Hunting; and Wholesale Trade.
    Oct 5, 2010. 10:18 AM | 3 Likes Like |Link to Comment
  • The financial sector remains the "Achilles’ heel of the global recovery," according to a new IMF study, and prompt action is essential to alleviate regulatory uncertainty, which is acting as a drag on credit and economic growth. The report projects that writedowns from the credit crisis totaled $2.2T but nearly $4T of bank debt will need to be rolled over in the next 24 months.  [View news story]
    Bank debt....In June Bank of America issued a 10 year bond to yield
    5.67%...with a spread of 248 to treasuries....that bond trades today
    at 4.75...245 spread to treasuries....
    Oct 5, 2010. 10:07 AM | 5 Likes Like |Link to Comment
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