Archive for June, 2009:

House Price Crash Rate Finally Beginning To Ease

{ Posted on Jun 30 2009 by Henry Blodget }
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Categories : All, Clusterstock
Good news! The rate of the price decline in the housing crash has finally begun to ease. Bad news! Prices are still falling 18% year over year. Specifically, in April, according to the Case Shiller index, the rate of decline in nationwide ...Read More »

The Bush-Obama Administration

{ Posted on Jun 30 2009 by John Carney }
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Perhaps the most striking thing about the allegedly historic election of Barack Obama has been the continuity of the current administration's policies--especially the policies related to the financial sector--with those of its predecessor. Despite campaign rhetoric about hope and change, there's ...Read More »

Slow Economy Hurts Godawful “Mixed Use” Development

{ Posted on Jun 30 2009 by Joe Weisenthal }
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The bad economy does, in fact, have its share of upsides... Take the town of Jenks, Oklahoma (pop, 14,123) where developers had planned to build a lovely new complex called Village on Main described by some marketing genius as: ...the newest addition ...Read More »

Cramer: The Housing Market Bottoms TODAY

{ Posted on Jun 30 2009 by Joe Weisenthal }
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Today is "Cramer's Bottom" the day he's been saying for a long time would mark the nadir of the housing market. From a September article in New York Magazine; "In fact, I’ll call the precise date of the housing-market turnaround. It ...Read More »

Next Segment Of The Housing Market To Crash: $1+ Million McMansions

{ Posted on Jun 30 2009 by Henry Blodget }
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The new hallucination for most strapped McMansion owners is that they'll "rent the house for a year and then sell when the market comes back."  The happy theory here is that, yes, prices are temporarily depressed, but when the green shoots ...Read More »

Strangely, CATO missed the AZ, IN, and MS budget crises

{ Posted on Jun 30 2009 by Ken Houghton }
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Categories : All, Angry Bear
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Job Seekers Screwed As Businesses Refuse To Hire The Unemployed

{ Posted on Jun 30 2009 by Joe Weisenthal }
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As if finding a job weren't difficult enough in this environment, the WSJ report on the trend of businesses who will only hire people currently employed, in part on the belief that anyone while still has a job must be ...Read More »

Green Shoots Club Still Overexuberant About Uptick In Housing Starts

{ Posted on Jun 30 2009 by Henry Blodget }
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The economy has stopped surprising people on the upside, which is why the stock market has stopped going up.  But that hasn't stopped the "green shoots" crowd from going bananas about every little uptick. Last week, for example, it was housing ...Read More »

Now JPMorgan Bankers Are Set For A Raise

{ Posted on Jun 30 2009 by Joe Weisenthal }
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Now that JPMorgan (JPM) has repaid TARP and Wall Street is booming again, it's pay-hike time. After all, Citigroup (C) gave its employees broad-based salary hikes, and the house of Dimon has to compete for talent. NYPost: While the final composition ...Read More »

Tax Hikes, Coming Soon!

{ Posted on Jun 30 2009 by Joe Weisenthal }
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Every politician (except Michael Dukakis) has campaigned on some version of "no new taxes" and most ended up breaking that promise. It's how we do things in America, and as voters we've come to accept how it works.  We're masochists. We ...Read More »
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