May 2008

The Telegraph reported Friday that sales in the Spanish property market have plunged and many British vaction home investors will find themselves under water."In the clearest sign yet that the boom is over, the developers said the combined…

As the downturn takes hold in the U.S., the obvious dilemma for investors is knowing which sectors to avoid. Financial stocks are a sector obviously fraught with risk as they have already sustained enormous losses with many more to come as…

First the banks won't refinance, then they won't restructure mortgages, now they're pulling out all stops in this mortgage mess. They are pulling existing home equity lines of credit. That's right, in a feeble attempt to save their sorry…

I happened upon an article at "The Moderate Voice" about "Conspicuous Consumption" originally posted on UPenn's Wharton Business School's website. It's a great piece of research which explains nicely in part why Blacks and Hispanics tend…

The U.S. has been spending more than it earns for years. This deficit spending is measured as the current account deficit. The graph here is a depiction of where we were and what we have come to. We had a slight surplus in after the last…

The U.S. has been flashing red regarding recession for some time despite the naysayers.First, let me define recession because you usually hear that it's two consecutive quarters of a decline in real GDP. Not exactly. The National Bureau…

Recent news out of the UK has been very negative. There is so much data piling up suggesting that the UK is quickly moving toward a US-style housing collapse that I am going to use this blog entry to post recent news stories without…

As the epicenter of the credit crisis has clearly moved to Europe, British Banks are at the center of new developments. However, doubts still exist about how they are valuing their assets and accounting for loan losses. Yester day the…

The list below is the largest collection of links related to the present credit crisis on the web. I have been amending this list since May 2008. But, as the list is pretty large now, I have taken care to break it up into different…

The inflation genie may be out of the bottle for a while. The headlines are being made by food and energy prices spiking higher. The Fed and many economists ignore food and energy when looking to underlying inflationary trends, relying…