AUGUST 9, 2011, 12:02 AM ET
Report: Housing Pain Persists, but Less Pervasive
By Nick Timiraos
The pace of home-value declines eased during the spring, but worries over the economy and high levels of foreclosures mean that the housing bottom is as elusive as ever.
Tuesday, August 9, 2011
CNNMoney: Housing recovery slips out of sight
Housing recovery slips out of sight
By Les Christie August 9, 2011: 1:58 PM ET
NEW YORK (CNNMoney) -- Any glimmer of hope that the housing market will stage a recovery in the upcoming months has vanished, thanks to the recent spate of bad economic news that has been making headlines over the past several weeks.
By Les Christie August 9, 2011: 1:58 PM ET
NEW YORK (CNNMoney) -- Any glimmer of hope that the housing market will stage a recovery in the upcoming months has vanished, thanks to the recent spate of bad economic news that has been making headlines over the past several weeks.
Monday, August 8, 2011
BNP: Daily Interest Rate Strategy (US)
With Treasury debt downgraded from AAA status over the week-end, the response from the market was to unleash a massive rally in the rates market
Sunday, August 7, 2011
PIMCO Comments
Implications for investors
Anticipate volatility over the short term but in the long term, the outlook for bond returns as "bonds mature" remains positive. Overtime we will have the advantage of higher spread margins over risk assets.
Anticipate volatility over the short term but in the long term, the outlook for bond returns as "bonds mature" remains positive. Overtime we will have the advantage of higher spread margins over risk assets.
PIMCO Client Letter
7 August 2011
Dear Valued PIMCO Client:
As you know, S&P announced Friday evening that it was downgrading the US sovereign credit rating from AAA to AA+, and it assigned a negative outlook to this new rating. This once- unthinkable step has naturally raised many questions among our client base – including: what has happened so far; what is PIMCO planning to do; and what, if anything, do I need to do?
Dear Valued PIMCO Client:
As you know, S&P announced Friday evening that it was downgrading the US sovereign credit rating from AAA to AA+, and it assigned a negative outlook to this new rating. This once- unthinkable step has naturally raised many questions among our client base – including: what has happened so far; what is PIMCO planning to do; and what, if anything, do I need to do?
Thursday, August 4, 2011
Goldman poaches Deutsche Bank property chief
Goldman poaches Deutsche Bank property chief
By James Wallace Paul Norman - Thursday, August 04, 2011 15:25
Goldman Sachs has poached Fabrizio Grena, a director in Deutsche Bank’s special situations team, as the wider team restructuring at the German bank continues, CoStar News can reveal.
http://www.costar.co.uk/en/assets/news/2011/August/Goldman-poaches-Deutsche-Banks-director-Fabrizio-Grena-/
By James Wallace Paul Norman - Thursday, August 04, 2011 15:25
Goldman Sachs has poached Fabrizio Grena, a director in Deutsche Bank’s special situations team, as the wider team restructuring at the German bank continues, CoStar News can reveal.
http://www.costar.co.uk/en/assets/news/2011/August/Goldman-poaches-Deutsche-Banks-director-Fabrizio-Grena-/
Friday, July 29, 2011
CNNMoney: Foreclosures fall in most U.S. cities
Foreclosures fall in most U.S. cities
By Les Christie July 28, 2011: 8:46 AM ET
NEW YORK (CNNMoney) -- Foreclosures declined in more than 84% of U.S. metro areas during the first half of the year, according to the latest report from RealtyTrac, an online marketer of foreclosed properties.
By Les Christie July 28, 2011: 8:46 AM ET
NEW YORK (CNNMoney) -- Foreclosures declined in more than 84% of U.S. metro areas during the first half of the year, according to the latest report from RealtyTrac, an online marketer of foreclosed properties.
Thursday, July 28, 2011
Bloomberg: Existing Home Sales in U.S. Rose 2.4% in June
Related News: Bloomberg, Real Estate, US, Economy
Existing Home Sales in U.S. Rose 2.4% in June
By Bob Willis - Jul 28, 2011 11:28 PM GMT+0900
The number of contracts to purchase previously owned U.S. homes unexpectedly rose in June as buyers tried to take advantage of lower prices and borrowing costs.
Existing Home Sales in U.S. Rose 2.4% in June
By Bob Willis - Jul 28, 2011 11:28 PM GMT+0900
The number of contracts to purchase previously owned U.S. homes unexpectedly rose in June as buyers tried to take advantage of lower prices and borrowing costs.
CNNMoney: This isn't 2008 again. Or is it?
This isn't 2008 again. Or is it?
By Paul R. La Monica July 28, 2011: 2:00 PM ET
NEW YORK (CNNMoney) -- Call it stubbornness, willful ignorance or what have you. But many market experts still don't think that the current debt ceiling crisis is anything remotely as scary as the summer and fall of 2008.
By Paul R. La Monica July 28, 2011: 2:00 PM ET
NEW YORK (CNNMoney) -- Call it stubbornness, willful ignorance or what have you. But many market experts still don't think that the current debt ceiling crisis is anything remotely as scary as the summer and fall of 2008.
WSJ: Warnings Feed Europe Debt Fears
MARKETS JULY 28, 2011
Warnings Feed Europe Debt Fears
Germany's Finance Minister Says Crisis Isn't Over; Credit Ratings on Cyprus and Greece Downgraded
By GEOFFREY T. SMITH And TERENCE ROTH
LONDON—Sober warnings that the European debt crisis didn't end with last week's summit of European Union leaders reignited concerns of contagion risks on Wednesday, boosting borrowing costs for high-debt governments and pressuring the euro.
Warnings Feed Europe Debt Fears
Germany's Finance Minister Says Crisis Isn't Over; Credit Ratings on Cyprus and Greece Downgraded
By GEOFFREY T. SMITH And TERENCE ROTH
LONDON—Sober warnings that the European debt crisis didn't end with last week's summit of European Union leaders reignited concerns of contagion risks on Wednesday, boosting borrowing costs for high-debt governments and pressuring the euro.
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