Tomrrow, starting at 10 AM ET, Fed Chairman Ben Bernanke will report to the Senate Banking Committee: The Semiannual Monetary Policy Report to the Congress David Wessel at the WSJ has a preview: The View From Bernanke’s Perch at the Fed Neil Irwin at the WaPo has some comments: Why…
The Obama Administration released the June Housing Scorecard today. The graphs are a little hard to read, but they do provide a list of sources. On modifications they provide a graph showing 2.95 million total modifications for Hope Now, HAMP, and FHA loss mitigation (page 3). There are also private…
This past weekend, my family and I travelled to Chicago to visit one of my first cousins and her two children. We stayed at their house and enjoyed a few activities in the Chicagoland area. I had originally planned on doing a Chicago-themed follow up to last year’s article,…
From Treasury: HAMP Servicer Performance Report Through June 2010 Click on table for larger image in new window. About 389 thousand modifications are now “permanent” – up from 347 thousand last month – and 521 thousand trial modifications have been cancelled – up sharply from 430 thousand last month. According…
Click on graph for larger image in new window. This graph shows the high and low unemployment rates for each state (and D.C.) since 1976. The red bar is the current unemployment rate (sorted by the current unemployment rate). Sixteen states and D.C. now have double digit unemployment rates.…
Along my financial journey in life , I made a great number of mistakes. In this ten part series which runs from July 19 to July 30, I’m going to focus on ten of my worst mistakes and the difficulties and successes I’ve had in overcoming those mistakes. I…
Click on graph for larger image in new window. Total housing starts were at 549 thousand (SAAR) in June, down 5% from the revised May rate of 578,000 (revised down from 593 thousand), and up 15% from the all time record low in April 2009 of 477 thousand (the…
A little music to go along with the Sovereign Debt series …
Read more here – Merle Hazard: Greek Debt Song
Earlier I mentioned I wasn’t sure if the unemployment benefit extension would pass – it looks like it will pass tomorrow. The WSJ reports Senate Set to Extend Jobless Benefits On Tuesday, Democrats are likely to get the 60 votes they need to extend the benefits through November. … The…
Private sector needs a stimulus
To get the U.S. economy back up to speed, we need to concentrate on the private sector. There is a very simple reason for this, and it’s not politics. It’s economics.
Read more on Everett Herald
Planetarium at Morehead State Exceeds Expectations
A planetarium…