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Tuesday, August 23, 2011

CNNMoney: Is yield curve signaling a recession?

Is yield curve signaling a recession?
By Hibah Yousuf August 23, 2011: 1:59 PM ET


NEW YORK (CNNMoney) -- Amid the growing number of signs that the United States may tip back into a recession, the bond market is sounding its own siren.

SG: New home sales slumped to a five-month low in July (B. Jones)


Eco Analysis - New home sales slumped to a five-month low in July (B. Jones)

■ Consistent with our expectation, new home sales remained on a downtrend

The Census Bureau reported that the number of new homes going to contract slipped by 0.7% to a seasonally adjusted annual rate of 298,000 in July, boosting the cumulative slide since April to 5.7%. Downward adjustments to the previously reported figures for April through June pared the Q2 average by 7,000 to 308,000.

Bloomberg: New-Home Sales in U.S. Declined in July to the Lowest Level in Five Months

New-Home Sales in U.S. Declined in July to the Lowest Level in Five Months
By Timothy R. Homan - Aug 23, 2011 06:50 AM

Sales of new U.S. homes declined more than projected in July to the lowest level in five months, indicating the industry is struggling to stabilize two years into the economic recovery.

Monday, August 22, 2011

Bloomberg: Baby Boomers Selling Shares May Depress Stocks for Decades, Fed Paper Says

Baby Boomers Selling Shares May Depress Stocks for Decades, Fed Paper Says
By Vivien Lou Chen - Aug 22, 2011 12:20 PM

Aging baby boomers may hold down U.S. stock values for the next two decades as they sell their investments to finance retirement, according to researchers from the Federal Reserve Bank of San Francisco.

CNNMoney: Number of troubled mortgages on rise again

Number of troubled mortgages on rise again
By Les Christie August 22, 2011: 11:39 AM ET

NEW YORK (CNNMoney) -- In another hit to the beleaguered housing market, a report out Monday found that the number of delinquent mortgage borrowers -- those who have missed at least one payment -- rose during the second quarter.

Bloomberg: Mortgage Payments One Month Late Jump as Economy Weakens

Mortgage Payments One Month Late Jump as Economy Weakens
By Kathleen M. Howley - Aug 22, 2011 07:20 AM

The percentage of U.S. mortgages overdue by one month rose to the highest level in a year in the second quarter as homeowners who lost jobs were unable to make their payments.

CNNMoney: Shadow inventory improves but still threatens housing recovery

Shadow inventory improves but still threatens housing recovery
By Les Christie August 22, 2011: 6:58 AM ET

NEW YORK (CNNMoney) -- An ominous cloud is hanging over the housing market: Millions of distressed properties could be put up for sale at any moment, potentially adding to the glut of unsold homes that are already on the market and depressing home prices even further.

Sunday, August 21, 2011

Bloomberg: Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen

Related News: Bloomberg, Real Estate, U.S., Currencies
Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen
By Kathleen M. Howley - Aug 21, 2011 08:00 PM

Sanjay Jain called his real estate broker four days ago to cancel a deal to buy a three-bedroom home in Folsom, California, unnerved by another plunge in the most volatile equities market on record.

Reuters: Bernanke to aid recovery with gradual boost in dosage

Bernanke to aid recovery with gradual boost in dosage
By Mark Felsenthal
WASHINGTON | Sun Aug 21, 2011 10:08am EDT

(Reuters) - While it's not time for emergency measures, the patient still needs the drip.

CNNMoney: How can Obama solve long-term unemployment?

How can Obama solve long-term unemployment?
By Tami Luhby @CNNMoney August 21, 2011: 9:11 AM ET

NEW YORK (CNNMoney) -- Want to help the long-term unemployed, President Obama? Subsidize their paychecks, experts say.