From California AG Jerry Brown: Brown Orders Mortgage Foreclosure Consultants to Post $100,000 Bond or Face Prosecution (ht Matt at O.C. Register ) Threatening possible criminal and civil prosecution, Attorney General Edmund G. Brown Jr. today ordered 386 mortgage foreclosure … Read More
From the FOMC : Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out . Conditions in financial markets have improved further in recent weeks. Household spending has continued to show signs … Read More
From the Treasury : … One of the most significant changes in the world of finance in recent decades has been the explosive growth and rapid innovation in the markets for credit default swaps (CDS) and other OTC derivatives. These … Read More
From CB Richard Ellis: U.S. Retail Cap Rates Average US retail capitalization rates increased 55 basis points in the 2nd quarter of 2009 to 8.12% … As some owners were unable to hold on, cap rates continued the upward march … Read More
Saturday I posted a description of the differences between the Current Population Survey (CPS: commonly called the household survey), and the Current Employment Statistics (CES: payroll survey). The CPS gives the total number of people employed (and unemployed), and the … Read More
Every other Sunday, The Simple Dollar reviews a personal finance book. Lately, there have been a ton of good books targeting people in their twenties with a burgeoning interest in personal finance, from Dara Duguay’s revised Please Send Money (targeting … Read More
Wise men said before “A rising tide lifts all boats” Not these submarines by Soylent Green is People From the FDIC: Stearns Bank, National Association, St. Cloud, Minnesota, Assumes All of the Deposits of First State Bank, Sarasota, Florida First … Read More
A reader asked me if I could break down my ideas into a handful of principles. After some careful thought, I came up with a list of fourteen basic “rules” that summarize my money and life philosophy. I’ll be presenting … Read More
Yesterday, I stumbled across a brilliant presentation on Netflix’s corporate culture, via Jason Kottke’s website . The presentation did a brilliant job of outlining how Netflix has used an atypical corporate culture to build a very successful business. Here’s that … Read More
This is the eleventh of twelve parts of a “book club” reading and discussion of Dave Ramsey’s The Total Money Makeover , where this book on debt reduction is teased apart and looked at in detail. This entry covers the … Read More