Markets Don’t Know What To Do If you’re a trader, running a position and inclined to make occasional knee-jerk buy/sell decisions based on economic news, what would you have done yesterday with these headlines: Producer Prices show inflation is less than expected, Industrial Production rose 0.5% in October, the most in three months, Capacity Utilization [...]

As financial markets froze this very week in 2007, the real-time media market was catching fire. So instead of summarizing it all with a 140 character Tweet, below we offer some broader perspective by bringing everyone’s favorite obsessions together: mortgage rates, Twitter, and iPhones. Stat-filled timeline and rate chart are included. Home prices started falling [...]

Displayed below are three pictures of the same velvet painting entitled Ride The Storm. The first photo of the painting was taken on August 11, 2007 when massive market storms took root. The second photo was taken August 3, 2008. The third photo was taken last weekend: April 17, 2010. The obvious physical change in [...]

What better way to do business than to combine two segments of the economy that are hurting? Either land got cheap, or Bentley’s got cheap, so some combination thereof, because here in Northern California, near San Jose, there’s a development giving away Bentley’s to anyone who will buy one of their lots! Citi to Repay [...]

The former Atlanta quarterback Michael Vick has left the federal prison to attend a hearing in Virginia. He said that prison has completely changed him. It’s true … he’s more of a cat person now. Thornburg Bankruptcy Thornburg Mortgage, long thought of as good lender for “make sense” deals, announced that a consortium of investments [...]