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October 2008 - Around The Web



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  • Case Shiller Analysis October 2008 Release
    Published Wed, Oct 29 2008 10:34 AM by feeds.feedburner.com
    Inquiring minds are considering the for October 2008. New York, October 28, 2008 – Data through August 2008, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, shows continued...
  • Treasury Handouts Focus on Strongest Banks, Forcing Weaker to Fail or Sell
    Published Wed, Oct 29 2008 10:33 AM by feedproxy.google.com
    This Bloomberg article treats as a news item the fact that the Treasury is focusing its equity infusion efforts on strong banks, leaving the rest to find their own exit strategy. But this approach is not surprise; in fact, it is in a conference call to...
  • Credit Card Lenders Clamp Down Hard
    Published Wed, Oct 29 2008 10:33 AM by feedproxy.google.com
    Consumers are in a newly austere mood, and those who have lived beyond or at the edge of their means may be forced to retrench whether they want to or not. The New York Times reports that credit card issuers are cutting back on their lines of credit and...
  • Pocketful of Multipliers (II): Options for Stimulus Packages
    Published Wed, Oct 29 2008 10:33 AM by www.econbrowser.com
    As the debate over the nature and size of a stimulus package wends its way through the Congress , , , I thought it would be useful to bring numbers into the debate, especially as we are considering fiscal stimulus in a time when the Bush Administration...
  • White House Tells Banks to Stop Hoarding Money
    Published Tue, Oct 28 2008 1:42 PM by news.yahoo.com
    An impatient White House is serving notice on banks receiving billions of dollars in federal help to quit hoarding the money and start making more loans.
  • Consumer Confidence Plunges to Record Low
    Published Tue, Oct 28 2008 12:22 PM by feedproxy.google.com
    chart via , Bloomberg > The Conference Board reported Consumer Confidence Index for October hit a record low of 38. Is there any connection between weak consumer confidence readings and bullish reversals in the stock market? To decide, have a look...
  • Phoenix and Las Vegas home prices fall 31%
    Published Tue, Oct 28 2008 12:22 PM by themessthatgreenspanmade.blogspot.com
    The August for the S&P Case-Shiller Home Price Index shows the 10-City and 20-City Composite Home Price Indices at new record annual declines of 17.7 percent and 16.6 percent, respectively. Price indices for all 20 cities are shown below. To aid in...
  • More Improvement in Money Market Conditions
    Published Tue, Oct 28 2008 12:22 PM by feedproxy.google.com
    While none of the changes in interest rates were dramatic, and both interbank rates and stress levels remain elevated, improvement continues and all the metrics moved in the right direction. From : Money-market rates in London declined as cash injections...
  • America Underwater: Growing Number of Homeowners “Upside Down” on Mortgages
    Published Tue, Oct 28 2008 10:21 AM by loanworkout.org
    With falling housing prices in nearly every market, the questions that homeowners are asking have shifted. Rather than asking “what is my home worth?”, they are now asking “Is my home worth it?” The problems are affecting the entire country, with nearly...
  • Iceland Central Bank: 18% Rate!
    Published Tue, Oct 28 2008 10:20 AM by feedproxy.google.com
    Gee, do you think they are trying to attract some capital? Iceland's central bank unexpectedly raised the benchmark interest rate to 18 percent, the highest in at least seven years, after the island reached an aid agreement with the International...
  • Vikram Pandit Rejects CitiSachs?
    Published Tue, Oct 28 2008 10:19 AM by Seeking Alpha
    submits: Yesterday's news is that Goldman Sachs (GS) approached Citigroup (C) last month to propose a merger. Citigroup CEO Vikram Pandit rejected the idea from Goldman Sachs CEO Lloyd Blankfein, , citing people it didn't identify. The deal, which...
  • Ain't Globalization Grand?
    Published Tue, Oct 28 2008 10:18 AM by Seeking Alpha
    submits: Two familiar names from the US deleveraging debacle are spreading their joy to little ol’ New Zealand. Where the wise virgins (OK, maybe not so wise; those yields were probably a clue) have taken it in the privates over the last year or so with...
  • Moyers: James K. Galbraith on Finacial Crises
    Published Tue, Oct 28 2008 10:17 AM by feedproxy.google.com
    Bill Moyers talks about the economic future with with James K. Galbraith, Lloyd Bentsen, Jr. Chair in Government/Business Relations at the LBJ School of Public Affairs at the University of Texas at Austin. Galbraith is the author of six books, the most...
  • IMF Nuclear Option: "Print Money"
    Published Tue, Oct 28 2008 10:17 AM by feeds.feedburner.com
    Eastern Europe, Latin America, and parts of Asia are in a massive currency contagion. Talk has surfaced that the . The International Monetary Fund may soon lack the money to bail out an ever growing list of countries crumbling across Eastern Europe, Latin...
  • The Great Panic of 1873
    Published Mon, Oct 27 2008 1:42 PM by feedproxy.google.com
    Here's something you probably haven't yet read: The New York Times article on The Great Panic of 1873, as written by Roger Babson. Fascinating stuff > Source: Roger W. Babson, the Well Known Statistician, Tells of the Business Epochs That Followed...
  • Remember When the ABX and CMBX Were In Vogue?
    Published Mon, Oct 27 2008 11:53 AM by mrmortgage.ml-implode.com
    You don’t hear much about the ABX and CMBX indices any longer. The last ruckus over these came about six months ago when the spinners tried to tell us that they really did not portray the true value of the market bla bla bla. Well, it looks as though...
  • Let’s Use Fannie to Clean Up the Mess It Made
    Published Mon, Oct 27 2008 11:53 AM by loanworkout.org
    Earlier this week, James Lockhart, the director of the Federal Housing Finance Agency and the government conservator of Fannie Mae and Freddie Mac, said that the two companies need to begin writing down the principal on mortgages they hold or acquire...
  • Insurers Line Up for the Government Bailout
    Published Mon, Oct 27 2008 10:53 AM by dealbook.blogs.nytimes.com
    The chase for a piece of the Treasury Department’s $700 billion bailout program intensified Friday as the government considered extending it to include insurance companies as well as banks, and the auto industry stepped up efforts to secure a share of...
  • Credit remains crunched
    Published Mon, Oct 27 2008 10:53 AM by rss.cnn.com
    With financial institutions and individual investors worried that a worldwide economic slowdown will pose a risk to their investments, lending remained constricted and U.S. Treasurys rose.
  • Will Equity Markets Gain Traction as TARP Begins Implementation?
    Published Mon, Oct 27 2008 10:46 AM by Seeking Alpha
    submits: In recent weeks there has been plenty of talk about the Treasury's TARP initiative, but little progress on its actual implementation. On Friday we got news that PNC Financial (PNC) was the first bank to get a capital infusion from the TARP...
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