Another month of record bank repossessions, even though the notices of default are down 30 percent year over year, reports CNBC’s Diana Olick. Could the worst be on the way, with Barry Ritholtz, Fusion IQ CEO, and Brett Arends, Wall Street Journal columnist.
Airtime: Thurs. Sept. 16 2010 | :00:0 10 ET
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
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September 17th, 2010 at 9:57 am
Other cash buyers are also not buying because we don’t believe that the bottom is in because the stupid government is holding prices up!
September 17th, 2010 at 9:59 am
FY Keynesians!!!
September 20th, 2010 at 11:18 am
JustinTheSkeptic is correct about the bottom not being hit yet. I predict that the bottom will not arrive until the average house price is in the $30,000.00 price range. Why you ask? Because that was close to the average price in the early 1970′s when America officially went bankrupt and Nixon removed us from the gold standard thereby unleashing massive price inflation.
Go ahead and laugh, it’s OK.