Archive for August 24th, 2010

Mexico’s Civil War Gets Uncomfortably Close

The war in Mexico is getting a little too close for comfort. From the AP: The first bullets struck El Paso’s city hall at the end of a work day. The next ones hit a university building and closed a major highway. Shootouts in the drug war along the U.S.-Mexico border are sending bullets whizzing across the […]

Don’t Expect An October Surprise This Year

This is just about the last week that you can expect not to be pummelled by politics. After Monday all eyes are on the November elections. Since the economy, or more precisely the lack of a good one, is front and center on the voters minds there is going to be a lot of speculation […]

Whither Frannie?

The recent Treasury-HUD confab on the future of housing finance has elicited a lot or pretty good comment and analysis. Predictably, there two sides — those who want Fannie and Freddie in some form preserved along with the government’s unholy involvement in the housing industry, and those who think that we should learn from failure […]

Housing Market Meets The Proverbial Cliff

Well, the news on existing home sales is out and it’s about as bad as some of the more savvy prognosticators predicted. From the NAR: Existing-home sales which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly […]