5-year Yield Touches 2%
Sunday, July 3rd, 2011 Posted in Uncategorized | No Comments »This morning, the 5-year bond yield fell to 2%—a key psychological level. It was also the lowest 5-year yield since last November, and 90 basis points below the recent peak on April 8. (Bond yields lead fixed mortgage rates.) LOOK AT THE PICTURE:
What Credit Crunch?
Tuesday, June 8th, 2010 Posted in Uncategorized | No Comments »WALL STREET JOURNAL--The credit crunch has made it harder for Americans to indulge in their love affair with debt. So what are they doing? Borrowing more. While tighter lending standards have cut off all but the most credit-worthy borrowers from auto ...
10 Businesses Facing Extinction in 10 Years
Saturday, May 29th, 2010 Posted in Uncategorized | No Comments »According to Entrepreneur.com (from September 2007): Record stores Camera film manufacturing Crop dusters Gay bars Newspapers Pay phones Used bookstores Piggy banks Telemarketing Coin-operated arcades(HT: Ben Cunningham)
Bank Stocks Outperform Market in The Long Run
Saturday, May 22nd, 2010 Posted in Uncategorized | No Comments »Bob Wright wrote in a recent comment "If you look at financial stocks over any meaningful period - like 10 years or more, they kill the DJIA and the S&P 500. They even out-performed over the last 5 years ...
Every Major U.S. Bank Was Profitable Last Year
Saturday, May 22nd, 2010 Posted in Uncategorized | No Comments »Jan. 22 (Bloomberg) -- With all the large writedowns and losses announced for the fourth quarter, hardly any attention is being paid to just how profitable U.S. banks really are. That inattention has raised unnecessary concerns that the banks ...
History of U.S. Bank Failures
Monday, May 17th, 2010 Posted in Uncategorized | No Comments »The chart above shows annual bank failures from 1934-2007 using data from the FDIC. Several facts: 1. There have only been two years since 1934 when NO U.S. banks failed: 2005 and 2006. 2. Only 3 U.S. banks failed in 2007. ...
Rolling Back Gov’t: Lessons from New Zealand
Sunday, May 16th, 2010 Posted in Uncategorized | No Comments »When a reform government was elected in New Zealand in 1984, it identified three problems: too much spending, too much taxing and too much government. We asked some fundamental questions of government agencies. The first question was, “What are you doing?” ...
End of 100% Mortgages?
Thursday, May 13th, 2010 Posted in Uncategorized | No Comments »I'm finding it ever more difficult to source 100% mortgages in the current market. Where as 5 years ago most first time buyers had a deposit of 5% or more, in today's sky high property prices clients are struggling to come ...
Fixed, Discounted or Tracker? After effect of interest rate rise.
Thursday, May 13th, 2010 Posted in Uncategorized | No Comments »Since the Bank of England raised interest rates for a 5th time since August 2006 to 5.75% many people across the UK are worried about how high rates may rise. In my own opinion I don't feel rates will rise above ...
Minneapolis & St Paul Area REO Rehabs
Wednesday, May 12th, 2010 Posted in Uncategorized | No Comments »WOW! This market is awesome! I really think this Minneapolis & St Paul, MN REO Rehab property market is better for real estate and finance professionals than the refinance and housing boom. Things are getting so busy I have to solicit new ...
