May 2009

I wrote a note regarding the Q1 2009 GDP report which mentioned that the price deflator showed a large pick up in actual inflation. While I don't think we are off to the races immediately, I do see inflation as a medium-term threat and this…

With the stress test results coming out, it is a wonderful thing for Citigroup that it has been able to sell its Japanese brokerage unit to Sumitomo Mitsui, and at a good price of $7.8 billion. Here's an excerpt of the FT story:…

Australian real estate values rise House and flat prices in Australia increased in value by 1.6% in the first three months of the year, according to RP Data-Rismark, helped by a scarcity of supply, lower interest rates and incentives to…

I have grown pretty frustrated with FeedBurner, the RSS Feed Service now owned by Google.  Often, my posts have not  gone out immediately. There are significant 'outages' where the service is just plain broken.  And their Feed count…

This video seems to be making the rounds. I saw it over at Calculated Risk first. The video shows new homes in Victorville, CA, just south of LA, being destroyed because it costs more for the banks to keep them up than to demolish them.…