From Bloomberg By Ye Xie March 8 — China will limit the yuan’s appreciation to 4 percent over the next 12 months because of a “super cautious” outlook on the global economy, said New York University Professor Nouriel Roubini. … Read More
I think the Fed deserves praise for the successful completion of the short-term liquidity facilities. As NY Fed Executive VP Brian Sack noted today: With the wind-down of these short-term liquidity facilities, it is a good time to look back … Read More
More than 1 million U.S. households have lost their homes to foreclosure since the end of 2008, new figures from Irvine-based Realty Trac show. About a fifth of those foreclosures occurred in California alone, according to figures from MDA DataQuick, … Read More
From Brian Sack, Executive Vice President, Federal Reserve Bank of New York: Preparing for a Smooth (Eventual) Exit . Excerpts on MBS: The Federal Reserve is approaching the scheduled end of its large-scale asset purchases. We have bought $169 billion … Read More
If you thought Snowmageddon distorted the employment figures in February, just wait until March. (ht JH) The BLS could report a March headline number of 200,000 net payroll jobs, and that could be viewed as a weak report. The March … Read More
2010 has seen a ton of books released already that I’d love to read, from The Politician by Andrew Young to The Immortal Life of Henrietta Lacks by Rebecca Skloot. (I happen to be passionate about books, of course – … Read More
Homeowners who are in over their heads but have been unsuccessful at getting a loan modification may get some different help from Uncle Sam — $1,500 to move if they sell for less than they paid for the house, reports … Read More
My two year old daughter is showing a tremendous nascent interest in making music. She sings constantly . She uses her hands as percussion all the time on her knees, on the table, and anywhere else she can use them. … Read More
The expected market time for foreclosures in Orange County is ”a mind numbing 1.14 months, a deep seller’s market,” says Steve Thomas of Altera Real Estate in his bi-weekly analysis of local real estate. Foreclosures make up 33% of the housing inventory in … Read More
You may notice a few changes on our blog over the next week or so. I realize that there are a few missing links and contributors, but this is still a work in progress. Just didn’t want anyone thinking we … Read More