Money and Financial Lifestyle

Earlier this week, the inspector general for the Troubled Asset Relief Program, a.k.a the bank bailout fund, released his report on the 2008 rescue of the American International Group (AIG), the insurer. The gist of the report is that government officials made no serious attempt to extract concessions from bankers, even though these bankers received huge benefits from the rescue. And more than money was lost

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Nov. 19, 2009: "The Big Squander" by Paul Krugman

By February, 2010 we will have begun the second wave of home mortgage resets, which will continue through 2011.

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Nov. 9, 2009: Mortgage Rate Resets - the second wave begins

If you are intrigued by stock market technical indicators, Anthony Mirhaydari points out that we may be seeing a market top, as indicated by shrinking breadth in the NASDAQ Index, weakening volume, weakness in small caps, investor complacency, and relative strength in the big Dow Jones Industrials: Stocks flash warning signs

Originally posted here: 
Nov 11, 2009: Stocks flash warning signs

If you are intrigued by stock market technical indicators, Anthony Mirhaydari points out that we may be seeing a market top, as indicated by shrinking breadth in the NASDAQ Index, weakening volume, weakness in small caps, investor complacency, and relative strength in the big Dow Jones Industrials: Stocks flash warning signs

Originally posted here: 
Nov 11, 2009: Stocks flash warning signs

“And let’s be honest about it. Hybrid ARMs were never made based on the assumption that the borrowers would be able to make the payment once the loan reset. They were designed as two or three year bullets …

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Nov 16, 2009: Second wave of mortgage defaults coming…

In 1966, we built factories, produced and exported goods. The U.S. was the largest creditor nation in the world.

Originally posted here:
Zero Hour…

If you’re an analytical type, like me, and you are interested in the financial markets, again like me, you can’t get enough of charts and graphs and analyses.

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Calculated RISK and dshort.com

Comparing the Case-Shiller housing index with the unemployment rate for past real estate bubbles shows housing prices declined for a few years after the unemployment rate peaked. This suggests that housing prices will not bottom (in real terms) until well after the unemployment rate peaks

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Housing Prices and the Unemployment Rate