Foreclosures fall for 10th straight month
By Les Christie August 11, 2011: 5:27 AM ET
NEW YORK (CNNMoney) -- Foreclosure filings dropped once again in July, hitting their lowest level since November 2007, as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes.
Thursday, August 11, 2011
Wednesday, August 10, 2011
Bloomberg: Cut in Household Spending Points to Recession
Related News: Bloomberg, Canada, Retail, Economy, Currencies, Italy, Municipal Bonds, US
Cut in Household Spending Points to Recession
By Shobhana Chandra and Steve Matthews - Aug 11, 2011 04:01 AM GMT
Recession signals in the world’s largest economy are flashing red again.
Cut in Household Spending Points to Recession
By Shobhana Chandra and Steve Matthews - Aug 11, 2011 04:01 AM GMT
Recession signals in the world’s largest economy are flashing red again.
CNNMoney: Roubini: Double dip more likely
Strategy Sessions
Roubini: Double dip more likely
Economist Nouriel Roubini says the chances of a double dip recession have increased given the market plunge, weak housing market and structural weaknesses in the economy. Play
Roubini: Double dip more likely
Economist Nouriel Roubini says the chances of a double dip recession have increased given the market plunge, weak housing market and structural weaknesses in the economy. Play
CNNMoney: Recession 2.0 would hurt worse
RECOVERY AT RISK
Recession 2.0 would hurt worse
By Chris Isidore @CNNMoney August 10, 2011: 10:25 AM ET
NEW YORK (CNNMoney) -- The risk of double dip recession is rising.
Recession 2.0 would hurt worse
By Chris Isidore @CNNMoney August 10, 2011: 10:25 AM ET
NEW YORK (CNNMoney) -- The risk of double dip recession is rising.
Tuesday, August 9, 2011
WSJ: Report: Housing Pain Persists, but Less Pervasive
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.
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.
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-/
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