The Dollar

The U.S. Dollar (USD) seems to have stabilized against most major floating currencies. This includes the British Pound, The Euro, The Canadian, Aussie and New Zealand Dollar, the Swiss Franc and the Japanese Yen. However, many market…

New Writedown Risk: Alt-A

The bloggers over at Calculated Risk have reported on a story making the rounds in the Internet. This story involves S&P's downgrade of Alt-A Residential Mortgage Backed Securities (RMBSs). The crux of the matter is that S&P…

UK housing prices down a record

MarketWatch is reporting today that Nationwide has said that UK home prices are down a record amount.House prices fell for the seventh consecutive month, dropping 2.5% from April, and were 4.4% lower than they were in May 2007, Nationwide…

Case-Shiller shows home price plunge

The S and P/Case-Shiller Home Price Index for the U.S. housing market came out yesterday and the news was not good. MarketWatch said: Home prices in 20 major U.S. metropolitan areas have dropped a record 14.4% in the past year, Standard…

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