Archive - Mar 21, 2010 - Blog entry
Think Twice Before Buying That Vacation Home
Submitted by madhedgefundtrader on 03/21/2010 23:53 -0500A meltdown of Biblical proportions hits the vacation home market. A market plagued by giant snow drifts and burst pipes. Cash out refi’s have come back to haunt. Sales on the county court house steps at prices down 60%-70% from the 2006 peak. Jumbo financing is now an extinct species. A shortened school year has killed the rental market. A “bear” market of a different sort. Care to join Fredo Corleone?
Fraction ... Er ... Fictional Reserve Banking
Submitted by George Washington on 03/21/2010 23:05 -0500Reserves? We don't need no stinkin' reserves!
Investor Sentiment: Going Forward
Submitted by thetechnicaltake on 03/21/2010 23:03 -0500This past week the S&P500 made a marginal new high at 1159. Since the last marginal new high 9 weeks ago, the S&P500 has made 1.2% and along the way it had a 7% draw down. In my opinion, that's the path to the poor house - not the end of the rainbow.
China: An Infrastructure Anecdote For Your Sunday Reading
Submitted by Econophile on 03/21/2010 12:33 -0500China: When you build roads so fast, sometimes you never know what you may run into at the end of the road. A very short story for your Sunday reading.
The Real Crisis in Health Care?
Submitted by Leo Kolivakis on 03/21/2010 09:53 -0500As the House gets ready to pass a "historic" bill on health care reform, let me introduce you to the real crisis in health care...
