Archive for October 2nd, 2009

Foreign Cenbank Holdings of US Obligations Weekly Update — to September 30, 2009

  • Published: October 2nd, 2009
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NEW YORK (Dow Jones)–U.S. stocks marked their worst decline in about three months as a disappointing report on manufacturing early Thursday led to a broad sell-off for many of the companies that helped pace a surging third quarter in stocks, including JPMorgan, Caterpillar and American Express. – WSJ1 With Dow 10K receding like a toy helium balloon and equity investors looking over their shoulders at what well may have been the most astounding Bear Rally in Wall Street history, you’d think that the debt markets would be flooded with refugees from the capital markets, but they didn’t include this gang,…
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Do we want to fill empty houses or keep people in their homes?

In it’s attempt to stabilize the housing market, there is an 800 pound gorilla in the room that government is not adequately addressing. What is not being addressed is the answer to this question:  "What should be our priority? Do we want to fill empty houses with "homeowners" or keep people in their homes?" It is critical to answer this question because we cannot do both. There are estimates that there is a shadow inventory of seven million units out there- that’s a lot of homes to fill.  During the boom the housing industry cranked out  more than enough homes…
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