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IMF Gold Assets Fall 16.85 Tons as Russia Adds to its Holdings
BRIC countries snapping up whatever the IMF and the Western cartel of central banks sells off.
``The International Monetary Fund’s gold reserves fell by 16.85 metric tons in July as Russia added 16.2 tons to its holdings, according to figures from the Washington-based lender.''
U.S. Consumers Pulling Back on Spending in August
Good charts. 2010 is basically tied with 2009, which means spending is even weaker, taking inflation into account.
Tony Blair regrets 'Freedom of Information' law (01Sept10)
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"Tony Blair is on record now at regretting bringing in the freedom of information act. I don't see his point, he had his expenses claims shredded before the act came in to power, and the Labour government went overtime shredding embarrassing documents just before the act came into law (VERY well documented of the mass shredding in Whitehall)."
Romer Calls for More Stimulus
"U.S. Council of Economic Advisers Chairman Christina Romer, in her final speech before stepping down, called on the country to stomach new stimulus measures to lift the lackluster economy, even in the face of growing fears about the nation’s deficit."
London Luxury-Home Prices Rise by the Least Since January
"Prices of houses and apartments costing more than 1 million pounds ($1.55 million) rose 16 percent in August from a year earlier, the London-based real estate adviser said in an e- mailed report today. They fell 0.1 percent from July, the second straight decline after 15 months of gains."
London Luxury-Home Prices Rise by the Least Since January
"Prices of houses and apartments costing more than 1 million pounds ($1.55 million) rose 16 percent in August from a year earlier, the London-based real estate adviser said in an e- mailed report today. They fell 0.1 percent from July, the second straight decline after 15 months of gains."
Housing market still hairy
"Included among the photographs for a listing of a four-bedroom, four-bath house in a relatively desirable area was a close-up of an open toilet choked with what appeared to be a tangle of dark hair. A large tangle. Imagine a trichotillomaniac Morticia Addams who won't flush."
Warning of Housing Bubble Overblown, Say Economists
Canada could be heading into a rapid drop in housing prices according to a report issued by the Canadian Centre for Policy Alternatives on Tuesday. :
But while the CCPA is raising an alarm, others are not so concerned. Ted Tsiakopoulos, a regional economist with the Canadian Housing and Mortgage Corporation, says that with Canada’s steady labour market and relative lack of speculative housing purchases, there is little indication that high prices reflect a housing bubble.
Pending Sales of U.S. Existing Homes Probably Dropped in July
"The number of contracts to buy U.S. previously owned homes probably fell for a third straight month in July, signaling housing will be depressed for the rest of the year."
Pending Sales of U.S. Existing Homes Probably Dropped in July
"The number of contracts to buy U.S. previously owned homes probably fell for a third straight month in July, signaling housing will be depressed for the rest of the year."
Mortgage crisis gets worse with 36,500 now in arrears
"Three-quarters of those in arrears have not paid their mortgage for six months or longer. The rate that people are going into arrears is now accelerating, with expectations that the mortgage mess is set to spiral further out of control in the coming months."
Neighborhood groups are where the battle to save Flint can be won
"If foreclosure is unavoidable, the neighborhood group aims to ease the pain of such a personal disaster to the family and keep the property from rapidly falling into disrepair."
Blame For Lehman Bankruptcy Lies With Richard Fuld
"Richard Fuld, who pocketed $484 million in compensation between 2000 and 2008 when Lehman Brothers collapsed, must be a masochist or a narcissist. Why else would the former Wall Street CEO continue to insist that it was the federal government’s fault that the once venerable Wall Street firm is no more when few believe him?"
U.K. House Prices Decline Most in Six Months, Nationwide Says
"U.K. house prices fell the most in six months in August as increased supply of property gave buyers more bargaining power, Nationwide Building Society said.
U.K. House Prices Decline Most in Six Months, Nationwide Says
"U.K. house prices fell the most in six months in August as increased supply of property gave buyers more bargaining power, Nationwide Building Society said.
Foreclosures' heavy toll on health
Almost a third of those dealing with home foreclosure threats reported that their mental and emotional health had worsened during the past two years, compared with only 16 percent of those in stable housing.
"This is really about the stress that one feels," Witt said. The stress also increased the likelihood of developing hypertension and a host of other health conditions, and increases visits to emergency departments.
Wall Street Insiders Want Out, Selling $100 Million in Stock
"Officers and directors of Goldman Sachs, J.P. Morgan, Citigroup, and Wells Fargo have sold about $100 million worth of stock so far this year, amid relatively small buying activity, according to public stock filings with the U.S. Securities and Exchange Commission that have been analyzed by the research firm InsiderScore."
Hovnanian Enterprises Has Quarterly Loss Bigger Than Estimated by Analysts
"Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, reported a loss that was bigger than expected as sales fell following the expiration of a homebuyer tax credit."
Hovnanian Enterprises Has Quarterly Loss Bigger Than Estimated by Analysts
"Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, reported a loss that was bigger than expected as sales fell following the expiration of a homebuyer tax credit."
Loan Mod Profiles: In Trial Limbo
"Based on stories from hundreds of homeowners, we're showing what it has been like to seek a mortgage modification through the government's program. Earlier, we detailed what 373 homeowners told us about their experiences. To put a face on those numbers, we're also profiling homeowners who represent common situations. This is the fourth of five."
