Strategic Default

From Global Economic Intersection Guest author: Keith Jurow is the author of the MVP Housing Market Report. This article was posted at Minyanville with the title “There Is No Housing Bottom in Sight” At the end of June 2011,…

Lender Processing Services releases a monthly data set which gives a better view into how the mortgage market is doing overall. I have taken a look at the most recent publication and have a few charts to share with you below on the data…

Early in the year, I posted a few times on a coming wave of mortgage defaults generally and the economic effect of living in defaulted accommodation specifically. My conclusion at the time was that, while the consumer spending due to the…

Stephanie Pomboy, president of Macromavens LLC (and a college classmate of mine), talked to Pimm Fox on Bloomberg TV's "Taking Stock" about the Federal Reserve's efforts to boost the U.S. economy by lowering interest rates and…

If you haven't read Monday at the Treasury: an overlong exegesis, Steve Waldman's review of his meeting at Treasury with Tim Geithner, do so. It's a great piece. Steve's piece certainly showed how Tim Geithner and I agree on public policy.…

It would seem so from the statistics compiled by the New York Times. The article leads in by suggesting the rich are 'losing their home but given the talk about strategic default earlier in the year (see here), you should wonder whether…

According to the Federal Reserve, money market fund holdings of households has declined by about $380 billion since the end of 2008. (According to AMG, all money market mutual funds—institutional and retail—have posted net outflows of about…

This morning David Rosenberg noted: We also received the U.S. consumer credit data for April yesterday afternoon and the $1.0bln rise in total outstanding should be viewed in the context of the sharp revision in March (to now show a…

I still see this phenomenon as a major risk to US growth due to the credit writedowns associated with it. However, the vast majority of house price losses are behind us. If house prices double-dip as they appear to be doing now, the losses…

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