Money and Financial Lifestyle

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

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

If you’re increasingly anxious that a great new bull market has started, and is leaving you behind, this is the article to read… and reread. It’s short, easy to understand, and best of all, the source (Bob Janjuah) accurately predicted the market top two years ago

Originally posted here: 
Nov 11, 2009: New Crisis Ahead?

“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 …

Continued here:
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…

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

Original post: 
Housing Prices and the Unemployment Rate

By Niall Ferguson On Wednesday last week, yields on 10-year US Treasuries — generally seen as the benchmark for long-term interest rates — rose above 3.73%. Once upon a time that would have been considered rather low

Read the original:
History lesson for economists in thrall to Keynes

The DJIA rose 54.40 points, .75% to close Friday at 77278.38 The Nasdaq Composite gained 25.77 points, 1.80% to finish the week at 1457.27 The S & P 500 rose 11.99, 1.58% to 768.54 The 10-Year Treasury yield fell 0.263 percentage points to 2.626% Crude oil rose $4.81, 10.4% to $51.06 The markets had a second consecutive week of gains and are showing signs that we may have the first monthly gain in stocks since August.

Go here to see the original:
The Week in Review

From The New York Times : John McCain and Richard C.

Continued here:
Let ‘em fail

President Obama keeps reminding us that it’s not his fault. Again today at a police acadamy graduation in Ohio, he said, “We inherited a big mess.” It seems to be his favorite line. It is, after all, George Bush’s recession, right?

Here is the original post:
Who’s big mess?

From Fox News: The Dow Jones Industrial Average has fallen faster under President Obama than under any new president in at least 90 years, according to a review conducted by Bloomberg. Bloomberg reports that since Inauguration Day, the Dow has fallen 20 percent, leading at least one investor to dub this the “Obama bear market.” The Dow has also dropped 31 percent since Election Day

Go here to see the original: 
Obama–already setting records