Archive for the 'Economics' Category
If made, this is going to be one sweet movie ala “Wall Street”, “Boiler Room” and hopefully the upcoming movie “Money Never Sleeps”.
From Variety.com:
“Based on the true story of John D’Agostino, “Rigged: The True Story of an Ivy League Kid Who Changed the World of Oil, From Wall Street to Dubai” is about an Italian [...]
There’s No Shame in Renting, Home Prices Will Fall
Homeguide123.com is a great site IMO. I love the easy to understand information about home buying and the mortgage market in general.
I particularly like the article above. As I think the mortgage failout will last another 18, I will continue to rent. The aritcle above describes how [...]
How Missed Signs Contributed to a Mortgage Meltdown – New York Times
I worked at a wholesale lender from 2004 to 2006. The prevalence of no doc and low documentation loans always surprised me. I remember telling a b-school colleague who worked for Bain back in 2005 how bad it was going to be when all [...]
Unpaid Teens Bag Groceries for Wal-Mart – Newsweek: World News – MSNBC.com
It seems Wal-Mart in Mexico has an in-ter-est-ing business model. It seems they can swing getting “volunteers” to work for them. Now that’s truly the “free” market at work.
http://www.smartmoney.com/tradecraft/index.cfm?story=20070716
Smartmoney.com
The Moore the Scarier
by Jonathan Hoenig | Published July 16, 2007
I MAKE A BRIEF APPEARANCE, unwilling and unpaid mind you, in “Sicko,” Michael Moore’s new film about health care in the U.S. In it, I make the point that while Canadians are entitled to their share of socialized medicine, the quality and availability of services [...]
Fed Feels Pressure to Protect Consumers (Wall Street Journal)
State Regulators Offer Guidance on Mortgages (American Banker)
First Rung on Property Ladder Gets Harder to Reach (USA Today)
Loan Spree to Come Back Against Small Banks (Wall Street Journal)
Lender Courting ‘Green’ Clients (Sacramento Bee (Calif.))
Countrywide Warns Defaults Rising (Investor’s Business Daily)
Subprime [...]
I am a huge fan of Charles Wheelan, an econ prof at Chicago GSB. Anyone who wants a real simple primer on econ should read his book entitled “Naked Economics”. I loved it.
The linked article below, gives a good idea of what Charles Wheelan is all about. I hope you enjoy his [...]
I guess we now know why there is a payday loans on every street corner. While this may seem like a shocker, I am sure some strategic planning group or entrepreneur is smelling opportunity blood.
http://hosted.ap.org/dynamic/stories/B/BANKLESS_IN_AMERICA?SITE=VADAR
Credit Standards Rise for Subprime Loans (Wall Street Journal)
Lenders Get Tougher (Wall Street Journal)
Freddie Mac Urges Subprime Oversight (Washington Post)
Groups Seek Foreclosure Delay (Los Angeles Times)
Big Lender Enters Mortgage Niche (Wall Street Journal)
Mortgage Lenders Licensure Bill Heads to Governor (SitNews)
Wide Scope in Ohio AG’s Subprime Legal Plans (American Banker)
Countrywide to Add 2,000 Staffers (Los Angeles [...]
Bellevue’s Seattle Mortgage to Sell Reverse-Mortgage Unit (Seattle Times)
Countrywide, IndyMac Earnings Slide (Wall Street Journal)
Zoot Redefines Lending Software (American Banker)
30-Year Mortgages Show Lower Rate for 2nd Straight Week (Baltimore Sun)
Title Firm Settles Suit on Broken Payments (Cleveland Plain Dealer (OH))
U.S. Realtors Forecast Falling Home Prices (San [...]
