| Don't miss a single post; subscribe to my feed! |  |
How strange. Just yesterday I wrote and said not to get too excited over home prices rising, and the next day a report comes out saying sales of new homes dropped drastically. Then the Commerce Department comes out with a report saying that new home sales dropped 3.6% in September, the first decrease since March, [...]
It was reported that home prices had gone up for three months in a row, after being in a decline for so long. Actually, home prices had been up in some areas and not in many others, but they seem to be going up in most major American cities, at least for now. Home prices [...]
If you’re older than 21, you probably remember Super Bowl XXXIV in 2000, when no less than 14 internet companies had commercials during the game. Some people thought that was the peak of the Dot Com Era; instead, it was actually the end, or drastic demise, of the dot com era. By the end of [...]
The latest news is that Connecticut Senator Christopher J. Dodd, Democrat, proposed Monday that there be a freeze on the interest rates and fees on existing credit card balances until the new credit card law takes effect. This follows a proposal by the House to move the new regulations up from February to December 1st. [...]
Back in July, I wrote a post on the impending problems coming regarding commercial real estate. Well, it seems it’s ready to start showing its anger, and man, did it start off near the top. Capmark Financial Group, one of the nation’s largest commercial real estate lenders, which also used to be known as GMAC [...]
On Thursday, the “Pay czar” of the United States (I didn’t even know we had such a thing) decided to slash the salaries of those bank executives from banks that the administration gave bailouts to. These slashes were drastic, and were in response to bonuses that had to be paid out to brokers who, somehow, [...]
My goodness! We had been sitting on 98 bank closures for close to 3 weeks, and I started wondering if maybe we were just going to limp over the 100 mark, if we actually reached it. It seems this one wasn’t even going to be close, as 7 banks were closed on the same day, [...]
