The Crack of Doom – Week of June 18, 2007

It’s hard to believe, but summer starts this week and that means I’m up to my ears in rehearsals with the choir that supports the Royal Nova Scotia International Tattoo. Doomers visiting Halifax might just catch a glimpse of me waaaaay up in the back. I’ll be in and out until July 8th, but will be here to follow warm weather RE adventures as much as possible until then.

Please continue to drop your finds in the Reply box. The last few weeks have been amazing, and I’m sure there will be lots more surprises in store before the summer ends.

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17 Comments for this entry

  1. jan-martin feddersen says:
    June 18, 2007 at 2:37 AM

    The market’s game of musical chairs
    /Fleckenstein

    http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/TheMarketsGameOfMusicalChairs.aspx

    good luck John!

  2. jan-martin feddersen says:
    June 18, 2007 at 2:50 AM

    Wall Street Analysts More Bearish Than Ever; More Accurate, Too

    http://www.bloomberg.com/apps/news?pid=20601109&sid=aj9Stdj50pUo&refer=home

  3. jan-martin feddersen says:
    June 18, 2007 at 3:05 AM

    Dilbert! :-)

    http://tinyurl.com/29yskm

  4. jan-martin feddersen says:
    June 18, 2007 at 8:30 AM

    China Isn’t a Manipulator, U.S. Congress Is: Caroline Baum

    http://www.bloomberg.com/apps/news?pid=20601039&sid=agnIfmHbnjVg&refer=home

  5. NVmike says:
    June 18, 2007 at 8:07 PM

    Approx HALF of Las Vegas’ 24K listings are vacant.

    Speculation spurs spike in Nevada foreclosures

    “Of the 24,000 listings on (the Greater Las Vegas Association of Realtors Web site) 50 percent are vacant – up from 40 percent,” Bice said in an e-mail this week.

  6. jan-martin feddersen says:
    June 18, 2007 at 10:31 PM

    Owners of million-dollar homes expect values to keep growing: study

    http://www.marketwatch.com/news/story/owners-million-dollar-homes-expect-values/story.aspx?guid=%7BE7E31ABF%2D54B3%2D4B76%2D9BE1%2D1D7E07A4AC78%7D

  7. jan-martin feddersen says:
    June 18, 2007 at 11:30 PM

    Home Foreclosures Hit Fresh High
    And May Continue to Increase

    http://www.realestatejournal.com/buysell/mortgages/20070618-paletta.html

  8. jan-martin feddersen says:
    June 19, 2007 at 6:35 AM

    Banc of America Securities cuts REIT target prices

    http://www.marketwatch.com/news/story/banc-america-securities-cuts-reit/story.aspx?guid=%7BE25D0068%2DA395%2D4F85%2DA6A0%2D4E3136D04747%7D

  9. jan-martin feddersen says:
    June 19, 2007 at 10:21 PM

    Some Lenders Dislike Plan to Save Bear Stearns Fund

    http://www.nytimes.com/2007/06/20/business/20mortgage.html?_r=1&ref=business&oref=slogin

  10. jan-martin feddersen says:
    June 20, 2007 at 2:20 AM

    Toxic Waste Hitting New Lows / Rafter

    http://rebalancing.blogspot.com/2007/06/toxic-waste-hitting-new-lows-mortgage.html

  11. jan-martin feddersen says:
    June 20, 2007 at 9:27 PM

    Specter of Spanish housing slump fades — for now

    http://www.marketwatch.com/news/story/foundations-spanish-property-market-look/story.aspx?guid=%7B893FB1D8%2D63DD%2D4EC2%2DA40A%2DE40B85927958%7D

  12. jan-martin feddersen says:
    June 20, 2007 at 9:31 PM

    Five Things You Need to Know: The Horror… The Horror…; Coal Mine? What Coal Mine?; Mortgage Applications Fall; Wal-Mart Financial Services; Inflastagdeflation

    including some good comments on Bear Stearns

    http://www.minyanville.com/articles/index.php?a=13158

  13. jan-martin feddersen says:
    June 20, 2007 at 9:36 PM

    Anatomy of a Closed-End Muni Fund

    unbelievable!

    http://www.minyanville.com/articles/Nuveen-Merrill-Blackrock-Putnam-Munis/index/a/13159

  14. jan-martin feddersen says:
    June 20, 2007 at 9:42 PM

    Time to Give Up the House?

    A new study finds that, in a shift from the past, subprime borrowers are paying their credit cards before their mortgages

    http://www.businessweek.com/bwdaily/dnflash/content/jun2007/db20070620_271294.htm?chan=top+news_top+news+index_businessweek+exclusives

  15. jan-martin feddersen says:
    June 21, 2007 at 4:55 AM

    The Short Case on Freddie Mac

    http://financial.seekingalpha.com/article/39013?source=i_email&u=7518

  16. jan-martin feddersen says:
    June 21, 2007 at 7:23 AM

    Ritchie Funds File Bankruptcy After $700 Million Loss

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aCCx6FTls8mg&refer=home

  17. John M. says:
    June 21, 2007 at 7:45 AM

    Jan-Martin (comment #16) -

    “This is like deja vu all over again.” This has much the same feel as early January when Aaron was just starting up Implode-O-Meter and he and Crispy were all over Mortgage Lenders Network. In fact, seeing ML (for “Merrill Lynch”) in stories yesterday I kept reading “Mortgage Lenders” instead.

    Now we’ve got a totally separate special purpose vehicle unwinding in a messy fashion. Correct me if I’m wrong, but the players in these SPVs are so intimately tangled up, it wouldn’t take many more reports like this to start an irreversible counter-party chain reaction.

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