From DataQuick : A total of 18,946 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in July. That was down 20.6 percent from 23,871 in June, and down 21.4 percent from 24,104 for July 2009, according to MDA DataQuick of…
From Minneapolis Fed President Narayana Kocherlakota: Inside the FOMC The FOMC’s decision has had a larger impact on financial markets than I would have anticipated . My own interpretation is that the FOMC action led investors to believe that the economic situation in the United States was worse than they,…
This morning the Census Bureau released the ” Quarterly Starts and Completions by Purpose and Design ” report for Q2 2010. Click on graph for larger image in new window. This graph shows the NSA quarterly starts intent for four categories since 1975: single family built for sale, owner built…
Today, let’s do something a little different. I’m going to list 48 things I’ve learned about myself and the world around me that I only discovered thanks to frugality. 1. I really like sun tea. 2. The patience and effort in teaching yourself something new is incredibly rewarding when…
From the Fed: Industrial production and Capacity Utilization Industrial production rose 1.0 percent in July after having edged down 0.1 percent in June, and manufacturing output moved up 1.1 percent in July after having fallen 0.5 percent in June. A large contributor to the jump in manufacturing output in July…
Click on graph for larger image in new window. Total housing starts were at 546 thousand (SAAR) in July, up 1.7% from the revised June rate of 537 thousand (revised down from 549 thousand), and up 14% from the all time record low in April 2009 of 477 thousand…
Fairholme Capital’s Top 5 Holdings in June Worth .9B – cbl
By citybizlist StaffMIAMI — Fairholme Capital Management LLC’s top five holdings in June were worth…
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Liberty Energy Enters Into Equity Financing Agreement for Up to ,000,000
HOUSTON — Liberty Energy Corp. announces…
Obama’s invasion of Poland
Private equity mogul equates president’s plan to raise taxes on the rich with the beginning of World War II
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Blackstone chairman Steve Schwarzman: ‘US President Barack Obama is like Hitler’
The billionaire head of the private equity giant which owns Center…
If we don’t start, it’s certain we can’t arrive. – Zig Ziglar One of the biggest themes of The Simple Dollar is goals. I find goal-setting – figuring out a specific goal, writing it down, coming up with a specific plan to get there, and following that plan –…
From the Fed: July 2010 Senior Loan Officer Opinion Survey on Bank Lending Practices The July survey indicated that, on net, banks had eased standards and terms over the previous three months on loans in some categories, particularly those categories affected by competitive pressures from other banks or from nonbank…