Obama’s mortgage relief and housing plan
The details on Obama' new mortgage relief plan are out. The key parts are the following:
Author
7783 posts 575 comments
Links: 2009-03-04
Treasury Loan-Modification Guidelines - Real Time Economics
The unfortunate uselessness of most 'state of the art' academic monetary economics - Willem Buiter
New York Tenants Could Benefit From Foreclosure - NY Times
Property:…
The EU promises to bail out eurozone members
About a week ago I reported on an Austrian story that the EU was gearing up for a bailout of any eurozone members which found themselves in difficulty (see my post, "EU planning 200 billion euro package for Eastern Europe". This report is…
ADP Report: 697,000 jobs gone in February
The widely followed ADP Employer Services jobs report shows that 697,000 jobs were lost last month, suggesting a very large unemployment number when the government data is released on Friday. I have indicated in the past that seasonal…
Cramdowns are coming your way
Below is an interview with an expert on the issue of mortgage cramdowns. Basically, this issue is all about debt forgiveness for borrowers and writedowns for lenders. Lenders do not like cramdowns for that reason. See below for a view on…
Links: 2009-03-03
U.S. SEC charges Sunwest Management with fraud - Reuters
FT.com - Ukraine risks unrest as ills worsen
China built enormous stake in US equities just before crash - Telegraph
Moody’s: US Credit Card Debt Indicators Continue to…
Jeff Bezos of Amazon on Charlie Rose
Bezos talks to Charlie Rose about internet retailing, the new Kindle 2, and more.
Obama’s mistake
The following is a translation of an article by Dr. Artur P. Schmidt, a well-known economist and economic journalist in Switzerland. Schmidt is also a keynote-speaker, who speaks regularly about new media, technology, future trends and…
Geithner to shortsellers: take your profits and go home
Oppenheimer has a research note out today that calls Tim Geithner an "evil genius." The genius moniker comes from the steady creep up the capital structure, giving Geithner access to huge pools of money as the Treasury dials for dollars.…
Fleckenstein: Protect yourself from Financial Armageddon with gold
Bill Fleckenstein is a well-known money manager and write over at MSN Money. He has been fairly bearish on the medium-term outlook for U.S. equities and technology stocks in particular for some time. His viewpoint stems from what he sees…