Archive for August, 2007
« Previous Entries“Bernanke to Home Builders… WE HEAR YOU!”
Friday, August 31st, 2007The Annual Kansas City Federal Reserve “Boondogle” trip to Jackson Hole, Wyoming has sent more ripples through the finance commnity. This time however, the ripple are good…
Federal Reserve Bank Chairman Dr. Ben Bernanke told the group that “…The Federal Reserve must take the effects of recent financial market disruptions into account in setting monetary policy [...]
“Don’t Rush To The Stock Market, Just Yet…”
Thursday, August 30th, 2007With all this talk about the “Crashing” real estate market, many “so called” real estate investors are rushing into things like S&P Futures, and mutual funds.
But before you run out on real estate and plunge into the stock market, you may want to take a look at some of the latest data. Especially if you [...]
“Not So Surprise Winners In Mortgage Meltdown…”
Thursday, August 30th, 2007As to have been expected, rental rates for apartments are rising very quickly right now as massive numbers of “would be”, as well as newly “former” home owners are exiting the single family housing game.
The combination of a surge in demand (for rental housing) coupled with a lack of new supply (of apartments) is already [...]
“Now Come the BAILOUTS…”
Thursday, August 23rd, 2007We knew they were coming, and now comes word that the first major BAILOUT from the Subprime fiasco is for none other than COUNTRYWIDE MORTGAGE.
This morning Bank of America (B of A) paid just over $2.0 Billion into Countrywide Mortgage to keep the company afloat after Countrywide BURNED THROUGH it’s entire $11.0 Billion lines of [...]
“Surprise Winners In Sub-Prime FIASCO: John Edwards…??”
Friday, August 17th, 2007YES!
It turns out that one of the Big Winners in the Sub-prime Mortgage Meltdown is none other than Presidential Candidate (D) John Edwards.
It seems that former Senator, and Multi-millionaire Trial Lawyer John Edwards is also a very savvy investor…
Specifically, Senator Edwards owns a significant stake in Fortress Investment Group LLC, a national SUB-PRIME LENDER, with [...]
“Fed Will Have To Step Up Its Game…”
Thursday, August 16th, 2007I have been in the Boston area for the past 24 hours while more turmoil wreaks havoc across both US and world financial markets…
The 2nd best part of the trip was my decision to let the HERTZ rental car clerk convince me to rent a Shelby convertable mustang to drive from the airport in Providence, [...]
Just Another “Bad Day” at the Office…
Wednesday, August 15th, 2007
Stock brokers and stock market investors & day traders can look for another “topsy-turvy” day on Wall Street…
As discussed at last Saturday’s DC-REIA meeting, the US Financial (Capital) Markets are now 100% Global and respond, as well as influence what happens in overseas markets.
Last night, unfortunately, was YET ANOTHER bad DAY in overseas financial markets [...]
“WSJ… Collapse of Mortgage & Housing Markets DRAGS DOWN DOW JONES…”
Tuesday, August 14th, 2007The stock market (as evidenced by the Dow Jones Industrial Average) DROPPED 207 Points today.
The Wall Street Journal (WSJ) is reporting that Poor Earnings At Wall Mart & Home Depot Were The Causes For the HUGE Drop.
Bottom Line: When people stop buying homes they stop buying STUFF related to homes, and when Consumers [...]
“Wall Street Journal Discloses Bush’s SECRET Plan To Manage The Market Meltdown…”
Monday, August 13th, 2007The Wall Street Journal Disclosed today a Secret Bush Administration Plan to manage the Financial Market Crisis such as caused last week by the meltdown of the Sub-prime mortgage market, and that this plan has swung into action…
According to the Journal, when Henry M. Paulson, Jr. the former Chairman and CEO of investment banking powerhouse, [...]
“600+ Real Estate Investors Head To DC-REIA August Meeting – Hundreds Turned Away…”
Saturday, August 11th, 2007What they are saying about today’s meeting…
Bowie, MD – Several hundred people were turned away at the door of the DC-Real Estate Investors’ Association (DC-REIA) meeting held in Bowie, MD on August 11th, after the room overflowed its capacity. Many late comers who fought their way in simply chose to sit on the floor, [...]
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