Five Financial Reads
Calculated Risk: FDIC Lists 416 Problem Banks MyBudget360: California Lowering Tax Brackets (That is, Higher Taxes) The Street: Market Has Likely Topped Jesse’s Café: Fed Officials Unemployment Rate at 16% ZeroHedge: The new Bull Market Fallacy
Unemployed and Housing: Keeping the Unemployed in Their Home. What about Renters? Subsidizing Housing Causes Further Pain.
As the housing crisis deepens, there seems to be at least some sense of growing stability in the financial markets. How real and sustainable this is will be a question answered in the next few months. Yet on the ground the unemployment situation is now having dire consequences on people who took out traditional prime [...]
Five Financial Reads
New York Times: A Cul-de-Sac of Lost Dreams, and New Ones Calculated Risk: “Dramatic” Decrease in Cure Rates for Delinquent Mortgage Loans Bloomberg: Meredith Whitney Predicts More Than 300 Bank Failures MyBudget360: S&P 500 Over Priced: With 97% of Companies Reporting Q2 Earnings the PE Ratio is Now at 129. The Most Over Hyped Market [...]