CalculatedRisk @ April 30, 2011 # Comments Off
Some key numbers for the U.S. economy are: 1) the current number of excess housing units, 2) how many new households are being formed each year, and 3) how many housing units are being added to the housing stock each year (at a record low this year).
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larrygreenberg @ April 30, 2011 # Comments Off
April was a volatile month. The dollar plunged across the board. Most stocks markets improved, and G7 ten-year sovereign debt yields fell. A rise in three-month euribor deposit rates as the ECB entered a tightening cycle put added str…
CalculatedRisk @ April 30, 2011 # Comments Off
Below is a summary of economic data last week mostly in graphs (I’ll add some thoughts on the economy later):
• New Home Sales in March at 300 Thousand SAAR, Record low for March
The Census Bureau reported New Home Sales in March were at a seasonal…
CalculatedRisk @ April 30, 2011 # Comments Off
Note: this is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Apr 29, 2011.
Changes and comments from surferdude808:
The FDIC got back to closing banks this and released its enforc…
CalculatedRisk @ April 30, 2011 # Comments Off
Jim was just assigned this REO – in a pretty nice neighborhood – but it is a real “stinker”. I looked at an REO in the early ’80s with a similar issue, but this one has been sitting closed up and vacant for 30 months. Oh my …
Earlier:
• Consum…
CalculatedRisk @ April 29, 2011 # Comments Off
Shotgun’s signal sounds
Five finance fatalities
Bereaving bankers.
by Soylent Green is People
From the FDIC: Premier American Bank, National Association, Miami, Florida, Acquires All the Deposits of Two Florida Banks, First National Bank of Central F…
larrygreenberg @ April 29, 2011 # Comments Off
A number of European centers will be closed Monday for May Day. Then Japan closes Tuesday for Constitution Day, Wednesday for Greenery Day and Thursday for Children’s Day as the Golden Week holidays continue. It will be a fairly busy …
CalculatedRisk @ April 29, 2011 # Comments Off
LPS Applied Analytics released their March Mortgage Performance data. From LPS:
• Delinquencies ended the quarter 12% lower than the end of last year, over 500,000 loans have left the delinquent pool over the last three months.
• New problem loan r…
CalculatedRisk @ April 29, 2011 # Comments Off
The BEA released the underlying detail data today for the Q1 Advance GDP report. Here is a look at office, mall and lodging investment:
Click on graph for larger image in new graph gallery.
This graph shows investment in offices, malls and lodging …
larrygreenberg @ April 29, 2011 # Comments Off
Answering the above question starts with Fed policy. At Wednesday’s press conference, Fed Chairman Bernanke showcased an impressive mastery of many policy issues and a blatant disregard for the weakening dollar that left financial market pa…