Navigate: Home Archive: June 2009

Jun 30, 2009, 4:48 PM

A federal judge on Tuesday revoked the bond of Texas financier R. Allen Stanford, ordering he be kept in jail while he awaits trial on charges alleging he swindled... Read »

China’s Growth May Slow Over the Long Term

Jun 30, 2009, 4:38 PM

“China’s overall surge in credit in the first half of 2009,” an article in yesterday’s People’s Daily assures us, “is normal and healthy; however problems... Read »

Britain’s Queen Elizabeth Running Out of Money

Jun 30, 2009, 4:37 PM

Is hard to believe but Queen Elizabeth seems to be running out of money. The daily newspaper Telegraph reports that a newly published account reveals the Queen will... Read »

A First Scary Look at the Consumer Financial Protection Agency

Jun 30, 2009, 4:06 PM

The Treasury has sent its proposal for a Consumer Financial Protection Agency to Capitol Hill. The breadth of this law is staggering to say the least. Here is a... Read »

Housing Affordability Index Largest Monthly Drop in Four Years; Market Reached Bottom?

Jun 30, 2009, 3:54 PM

The National Association of Realtors’ Housing Affordability Index remained high in May (171.6%) by historical standards (see chart above, data here), but... Read »

Soros Sees a ‘Stop-Go’ U.S. Economy

Jun 30, 2009, 3:49 PM

George Soros thinks the U.S. economy will face fears of inflation that in turn will drive up interest rates and choke off growth. Speaking at a breakfast hosted... Read »

OCC and OTS Q1’09 Mortgage Metrics Report

Jun 30, 2009, 3:27 PM

A report released Tuesday by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) shows home delinquencies, foreclosures... Read »

Apollo Group Reported Strong Q3; Exceptional Growth Rate Continues

Jun 30, 2009, 3:15 PM

The for-profit education business has enjoyed a nice run as unemployment rates continue to rise ever higher. The largest of the sector is Apollo Group (APOL), owner... Read »

Case-Shiller: House Prices Fall Slower

Jun 30, 2009, 3:00 PM

The Case-Shiller housing numbers are out and are being spun as showing signs of improvement. That like beauty is in the eye of the beholder. Here is Reuters report: Prices... Read »

Jun 30, 2009, 2:36 PM

The Fed Bank of New York bought $7 billion in Treasurys maturing between 2016 and 2019 on Tuesday, the first of two buyback operations this week. Dealers offered... Read »

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