A Home Price Firewall

In the Washington Post today, Martin Feldstein gives is view on housing. His view is that a downward spiral is likely unless we act to prevent it. Hisplan is essentially a government bailout. Martin Feldstein is the President of the…

Chart of the day: UK CPI inflation

The UK government came up with a new inflation data series in the 1990s to replace the RPI for tracking consumer price inflation. Many people believe this series, the CPI, understates the inflation actually experienced by consumers in the…

Fifth Third to raise $2 billion

and cut dividend. Regionals across the country are now suffering. The second leg down for financials has truly begun. I warned on Fifth Third this past Thursday in What's happening at Fifth Third? See new story here. Update: 9:19 EDT…

Structured Credit downgrades

This via the FT blog FT Alphaville:The latest downgrades from S&P - testament to the fact that the structured finance unwind isn’t yet unwound: 330 U.S. CDOs put on credit watch negative80 second lien RMBS cut to ‘D’65 Alt-A RMBS…

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