Taipei, Tokyo financials lead region’s slump
By V. Phani Kumar, MarketWatch
Last Update: 7/15/2008 6:28:00 AM
HONG KONG (MarketWatch) — Asian financial stocks took a further beating on
Tuesday, sending most regional indexes down by at least 2%, on fears about the
well-being of the U.S. banking and housing markets.
Taiwanese and Japanese shares were hit hard on reports that local [...]
Oil prices nosedived by almost five dollars on Tuesday as falling global equities and resurgent concerns about an economic slowdown stoked fears about future energy demand, traders said.The oil market, which hit record heights close to 147 dollars a barrel last week, also sank after the Group of Eight (G8) rich nations warned on soaring crude costs and appealed for more production, they added. Rea
From the DJC:A recently renovated condominium complex in Salem has been converted back to apartments after disappointing sales.The Spanish-style units at 2401 N.E.Wayside Terrace were being marketed as condos after the rundown 39-unit property was renovated. Strict loan approval guidelines enforced after the subprime loan crisis meant that potential buyers had trouble getting approved for loans to
Do you know the history of modeling clay in America? Now, what is modeling clay! The cup, the jug or the plate what you use daily as pottery; they may be made of that. AMACO is the first American Company to manufacture the modeling clay in US and they provide it for the hobby, professional and classroom purpose. This is with zeal to keep alive a ancient product that is eco -friendly and beautiful.
Last year I read an article that said, the housing slump would have ended by 2nd quarter 2008 - Housing slump gets longer, and longer. So last year I put a reminder in my calendar on July 1st to review the article and see...has the housing slump ended? I bet a lot of you are laughing at this question, because I sure am. We are far from over with this housing slump, and with the government bailing
Both these indices today hit their 52-week lows.Both these indices underperformed the Sensex in today`s market fall. The BSE Sensex declined 499.92 points or 3.71% to 12,961.68.Among the mid-cap counters, UCO Bank (down 13.44% to Rs 27.70), Shree Preacoted Steels (down 16.35% to Rs 91.55), Chambal Fertilisers & Chemicals (down 14.26% to Rs 57.70), Rajesh Exports (down 14.13% to Rs 50.15), Phoenix
By Bud L. Ellis
braves.today.com
ATLANTA – Consider for a moment what it’s like to be Jeff Francoeur.
Drop-dead good looks. Outstanding personality. Fantastic sense of humor. Beautiful wife. Sports Illustrated cover boy. Foundation pillar of the team he grew up cheering for as a kid.
Sounds like a heck of a life, doesn’t it? Ready to change places [...]
I would like to post about the low fire glazes , pottery kilns and liquid glazes for you . You will find it informative if you are looking for these three things.About low fire glazes , the site provides more than 23 low fire glazes . Gloss (LG) Glazes , American Art Clay Company , Matt (LM) Glazes -- Lead free , Alligator (LT) Textured Glazes ,F-Series Glazes are lead less, Opalescent (O) Gla
Central banks forced to change direction to combat it: Moody'sBusiness Times - 20 Jun 2008By CONRAD TAN(SINGAPORE) Soaring inflation and the response it triggers from central banks is a greater threat to economic growth in Asia than the downturn in the US, a senior spokesman for ratings agency Moody's said yesterday.Asian central banks that were previously easing monetary policy to help cushion th
With YouTube becoming the biggest ‘thing’ on the net, you would expect the distribution channel to grow and grow. But not last April. When the fresh TV episodes returned after the writers’ strike last winter, online video viewing fell 4.2%.
In the US, about 11 billion videos were viewed in April, down from 11.5 billion the [...]
Sometimes the best way to measure one current downturn with one from a distant past is to look at the headlines. Many will recall that California in particular Southern California faced a boom and bust cycle; in the late 80s prices went up only to bust during the early 90s. Much was to [...]
NEW YORK (AP) — Willie Randolph should be able to rest easy, at least for one night. Oliver Perez pitched seven stellar innings and the New York Mets beat the Texas Rangers 7-1 on Friday night, giving their embattled manager a win and momentarily easing the tension in a clubhouse desperate for something good to [...]
China led the Asian markets sharply lower with shares down 5.7 per cent in Shanghai, 3.5 per cent in Hong Kong and 2.5 per cent in Sydney. But after last Friday’s plunge the big cannons were out on Wall Street to steady nerves and head off a likely Black Monday.
Treasury Secretary Hank Paulson put in [...]
"While most of the United States has suffered a housing slump over the past two years, home prices in New York's Manhattan have been largely unscathed, propped up by demand from Wall Street bankers and the island's limited housing supply."
Viet Nam's five-year government bonds dropped for a fourth day after Moody's Investors Service cut the nation's debt rating outlook to negative, citing ``policy shortcomings'' in addressing a 16-year high inflation.
The yield on the benchmark note climbed to the highest since at least July 2006 as Moody's decision...
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Viet Nam's dong may slump as much as 30% in a year and investors should sell the currency using 12-month offshore forward contracts, according to Oversea- Chinese Banking Corp.
The dong is set to extend losses from last week's nine- month low on accelerating inflation and a widening trade deficit, said Emmanuel Ng,...
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The San Antonio Spurs accomplished two things Sunday night in their game against the Los Angeles Lakers. Firstly, their main scoring threat from off the bench, Manu Ginobili, finally broke out of his series-long scoring slump. Secondly - and most importantly - San Antonio managed to keep a sizeable lead as they manhandled Los Angeles [...]
Albie Morkel (71) and Parthiv Patel’s (54) half centuries went waste as Chennai Super Kings lost the plot towards the close to suffer a 10-run defeat at the hands of Rajasthan Royals in their crucial Indian Premier League match here on Saturday.
After Graeme Smith (91) and Kamran Akmal (53) had led the Royals to [...]
Billionaire investor George Soros said the "acute phase" of the global credit crisis is over, and the fallout will lead to recessions in the United Kingdom and the United States. "Financial institutions have been severely damaged and we are currently in a situation that will probably, I think almost inevitably, result in a recession certainly in the United States and most likely in England also
Business Times - 13 May 2008 NZ house sales slump to 16-yr low (WELLINGTON) New Zealand house sales fell to their lowest level in 16 years in April, the Real Estate Institute of New Zealand (REINZ) said yesterday. Sales by Real Estate Institute members fell to 4,464 houses in the month, a fall of 13 per cent on March. The figure was 45.5 per cent lower than a year earlier. It was the lowest monthl
A flat pattern in home sales activity should continue for the next couple months before improving over the summer, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said the extent of an expected recovery hinges on better access to affordable loans. “Things are beginning to improve, but the [...]
Business Times - 08 May 2008 US home slump puts owners 'underwater' Values fall 7.7% in Q1 to lowest point in nearly 3 years (NEW YORK) US home values dropped 7.7 per cent in the first quarter to the lowest in almost three years, according to estimates by Zillow.com, an online data provider. The decline is the biggest in 12 years of data compiled by Seattle-based Zillow.com, a website started in 2006 to provide homeowners, real estate agents and potential buyers with value assessments called 'zestimates' for single-family homes, cooperative apartments and condominiums. US house prices dropped for the first time since the 1930s last year, discouraging buyers who fear being 'underwater' on their mortgage, or owing more on their home than it's worth. That's already happened to almost 52 per c
According to Business Week's Peter Coy, the current economic slowdown is impacting men more than women due to the nature of their jobs. So what does this mean for male breadwinners in the future? From the article:From last November through this April, American women aged 20 and up gained nearly 300,000 jobs, according to the household survey of the Bureau of Labor Statistics (BLS). At the same time, American men lost nearly 700,000 jobs. You might even say American men are in recession, and American women are not. What's going on? Simply put, men have the misfortune of being concentrated in the two sectors that are doing the worst: manufacturing and construction. Women are concentrated in sectors that are still growing, such as education and health care. This situation is hardly good n
Alcatel-Lucent Hit Hardest by SlumpThe telecom equipment maker has been hurt by a weak dollar and a lack of competitiveness in wireless. But the outlook for the sector overall is stronger Link - Wed, 30 Apr 2008 21:01:00 GMT - Feed (1 subs) Sent using SendMeRss.com. Visit here to unsubscribe from "2-business" via X2 in Google. Recommended Feeds/Actions Subscribe DealMeRSS.com - Great Deals Delivered Every Day
From Money MorningTHE PEOPLE’S REPUBLIC OF CHINA: When Asia expert Keith Fitz-Gerald first returned to this country a week ago, he was overwhelmed by a single impression."This place is one big construction site," Fitz-Gerald said. "You cannot turn around without finding scaffolding, piles of materials, construction equipment and the like [no matter where you look] here."With the U.S. economy suffering its worst downturn in years, and China’s stocks down more than 40% in the past six months, the bustle of construction-related activity in this Asian giant seems incongruous - if not downright contradictory.Surprisingly, it’s neither. This divergence between China’s ailing stock market and its still-spunky economy is an early manifestation of "economic decoupling" - an emerging trend b
I have two good friends (I'll call them Cheryl and Jack) who recruit for local IT consulting agencies. I'm not a worrier -- and neither are they -- but what they see in the market has us all anxious.
Cheryl says that the demand for IT consulting requisitions and hires in Kansas City is the lowest she's seen for the fifteen years she's been in the business. She says it's worse than after 9/11.
NEW HAVEN (Connecticut) - AN INFLUENTIAL economist who long predicted the housing market bubble cautioned on Tuesday that the slump in the US housing market could cause prices to fall more than they did in the Great Depression and bailouts will be needed so millions don't lose their homes.Yale University economist Robert Shiller, pioneer of the widely watched Standard & Poor's/Case-Shiller home price index, said there's a good chance housing prices will fall further than the 30 per cent drop in the historic depression of the 1930s.Home prices nationwide already have dropped 15 per cent since their peak in 2006, he said.'I think there is a scenario that they could be down substantially more,' Mr Shiller said during a speech at the New Haven Lawn Club.Mr Shiller's Standard & Poor's/C
Rental homes standing empty in UK property slumpFriday • April 18, 2008Mr Richard Lee spent £5.3 million ($14 million) buying 20 rental homes across the United Kingdom with just £150,000 of his own money. Today, the properties are worth about 60 per cent less and owned by the banks that financed the purchases.Mr Lee, 37, was one of thousands enticed by one of Europe's top five best-performing housing markets during the past decade. Now, repossessions are mounting and properties stand empty as many investors fail to find the tenants needed to cover their mortgages after a building boom flooded cities — especially Leeds and Manchester — with apartments.The unravelling buy-to-rent investment market contributed to a 2.5-per-cent drop in home prices last month, the biggest since 1992, a
Profit growth of banks, compared to the same period last year, are presenting slow-down signals this year. The main reason for business results of banks in first months of this year is unstable movements of the monetary market. Credit tightening policies in order to rein inflation that have been applied in the first...
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Viet Nam's exports to the U.S., the Asian nation's largest market, accelerated in the first two months of the year, even as the U.S. economy struggled and the Vietnamese dong strengthened against the dollar.
Shipments to the U.S. climbed 27% through February to $1.96 billion, according to figures released by the U.S. International Trade Commission. Exports to the U.S. grew 26 percent through
Baltimore — (TFN): Baltimore Washington International (BWI) airport has a bit of a problem.
One of the last international airlines still flying into the Baltimore-Washington metropolitan area, Greenland Air, just moved out. But after such mega airlines like Iceland Air closed shop earlier this year, the only international flight leaving Baltimore now is a British Airways [...]
The dollar rose to a one-week high against the euro after the Group of Seven said it’s concerned that “sharp fluctuations” in currency markets may hurt the global economy.
The G-7 changed its statement on currencies for the first time in four years after the meeting in Washington on April 11, pledging to “monitor exchange markets closely, and [...]
ABQjournal Business: Slump Doesn't Deter Agents: "With the housing market slowing, you'd think there would be fewer people getting into residential real estate as a career choice, and even more leaving.Not so. At least not yet. And it's got local brokers a little perplexed.'A lot of people have gone out of the business, but people continue to go into the business, and I think a lot of us have been surprised to see the numbers reflecting that. I don't have any explanation,' said Tina Eberly, on the board of directors for the Greater Albuquerque Association of Realtors and qualifying broker for Keller Williams Realty."://www.welcomehomeabq.com/
3 Apr 2008 - The WSJ’s article last night entitled" U.S. Slump Takes Toll Across Globe" gives a pretty good summarization of how the U.S. slowdown is already spreading to foreign economies. These effects were obviously predictable but the WSJ does do a good job of putting some hard numbers behind how China is getting hit in comparison to Brasil. "The U.S., the economy at the center of the turmoil, is dragging down world growth. On Wednesday, Federal Reserve Chairman Ben Bernanke gave his most pessimistic assessment to date of the U.S. economy’s outlook, strongly suggesting that a recession is likely. In testimony before Congress, he also said the Fed projects slower global growth over the coming quarters." The dichotomy that the WSJ points out be
Housing slump comes to the Hamptons by Financial Times - snip:The US housing slump has arrived at the Hamptons, summer playground of the Manhattan elite. In a sign that falling prices and home sales gluts are no longer limited to the nation’s declining rust-belt cities or bubble markets, prices for gilt-edged properties in East Hampton and Southampton have fallen sharply. The Long Island resort towns, among the wealthiest and most well-connected in the US, experienced a boom between 1998 and 2007 when home values quadrupled. “The downturn has caught up with the Hamptons,” said George Simpson, who runs Suffolk Research, a local real estate data company. The three-month running median sales price of single-family homes in the two towns fell 19.2 per cent to $638,600 (€400,000, £320,
Long slog ahead
Housing slump may last longer than most predict; plus, agent commissions
By Lew Sichelman
Last Update: 6:58 PM ET Mar 27, 2008
WASHINGTON (MarketWatch) — Question: I’ve spoken to a few home builders in the
San Francisco Bay Area and they expect things to pick up in the second half of
the year. But this is a different [...]
Long slog ahead
Housing slump may last longer than most predict; plus, agent commissions
By Lew Sichelman
Last Update: 6:58 PM ET Mar 27, 2008
WASHINGTON (MarketWatch) — Question: I’ve spoken to a few home builders in the
San Francisco Bay Area and they expect things to pick up in the second half of
the year. But this is a different [...]
The seemingly unstoppable profit machine that is the Japanese auto industry is about to come to a grinding halt.he sector, led by Toyota Motor Co (7203.T), Nissan Motor Corp (7201.T) and Honda Motor Co (7267.T), has managed to grow profits for seven straight years by expanding sales in overseas markets and steadily cutting production costs.But [...]
The slump in the dollar has not yet affected foreign investment in Israeli real estate. Diaspora Jews, especially from the US, UK, and France are continuing to buy apartments either as residences or for investment.The Bank of Israel reports that foreign residents bought $93 million worth of real estate in February 2008, compared with $167 million in January. The central bank notes the monthly drop in investment, but also notes the lower number of business days in February.
It may be spring here, some day. The snow has melted, uncovering the discarded plastic bags, beer bottles and plastic cups that blossomed under the snow during the winter, and the temperature hovers around 40 degrees. The sad truth is that I have lost my will to cook even one more meal with no fresh [...]
The Ho Chi Minh City Stock Exchange, Viet Nam’s main exchange, closed the week in a gloomy state as the share sell-off continued.
“Many well-financed investors are divesting shares to switch to safer havens such as gold, some are even seeking bargains in property after prices went down quite significantly over the...
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MUMBAI: Cushman & Wakefield, one of the world’s largest property consultancy firms, said the real estate downturn in the US could continue and that India, China and the Middle-East will become even more attractive as these markets offer huge opportunities for investment.The US-based property consultant also said that more financial institutions in the US and Europe are likely to face financial problems in the coming weeks.In an interview with ET, John C Cushman III, chairman of the board, Cushman & Wakefield said, “More bad news could come. We are facing new challenges everyday. Though there is a debate on whether this is a recession or not, in the coming months more bad things are waiting to happen.”
Investment Corp. bid for the Colonial unit on March 11, a week after its cash-and-securities offer for all of Colonial was rejected. A slump in the Spanish real-estate market caused Colonial to lose 4.8 billion euros of its value in six months and made it a more attractive target.Colonial owes 6.3 billion euros to banks including Goldman Sachs Group Inc., Eurohypo AG and Royal Bank of Scotland Group Plc. The company and its biggest shareholders have accepted the offer by Investment Corp., a sovereign wealth fund owned by the government of the Persian Gulf emirate.The Dubai fund said yesterday that ``if there's any possibility of an agreement with Colonial, apart from the terms contemplated in the March 11 agreement, ICD will consider it.''
Enjoying 2 weeks in Paris I should concern myself with the truly beautiful issues in the world as there are the unmatched elegance of Parisian women crowding chic cafes, seafood platters that want you to forget the over-fished oceans, wine whose quality has profited from global warming and a general attitude that money is only a medium of exchange for the extravagant delicacies on every corner of a world where inflation seems to be only a technical term but not an existence threatening economic reality.Well, one ride with the Metro shows that those who were priced out of the rental/property market on the shores of the river Seine have again descended to the netherworld as did their ancestors 3 centuries ago when they populated the catacombs, miles of tunnels stemming from Roman times and g
In the gloomy market at the moment, some businesses were forced to adjust or even delay their maiden offering plans, but particularly Hanoi Beer, Alcohol & Beverage Corp (Habeco) still is determined to make an IPO on March 27, 2008.
As announced, Habeco will auction 34.77 million shares at the initial price of 50,000...
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Spanish property has long been favored by second home owners from all reaches of the world. The Southern European country was the second most popular destination for international vacationers in 2006, behind France, according to the World Tourism Organization (WTO). But after the Spanish property market’s recent downswing, is Spain still the attractive vacation home locale it once was? For now, those interested in Spanish property investments may be better off waiting to see what the market does.Spain is home to more than 40 million people and covers a total area of 504,782 square kilometers. The Mediterranean Sea flows alongside the country’s southern and eastern coasts, making these areas particularly desirable to holidaymakers and second home owners.
Home foreclosure filings jumped 60 percent and bank seizures more than doubled in February from the same month last year as rates on adjustable mortgages rose and property owners were unable to sell or refinance, according to RealtyTrac Inc., a seller of foreclosure data. Don't let this happen to you! We can help you by negotiating a modification agreement with your lender based on your current income and property value and get a monthly payment you can afford so that you can KEEP your home!You can read the entire article here
There's a very interesting article by Newsweek columnist Robert Samuelson on OPEC's recent success in acting as a true cartel and keeping oil prices high by limiting production. So how will that prolong the housing slump? In three ways: (1) every additional dollar spent on gasoline, heating oil and other petroleum products is a dollar not available for housing, clothing, food and entertainment; (2) since so many products and services in the U.S. are predicated on cheap energy, higher oil prices directly raise the costs for food (both in grocery stores and in restaurants), travel (both cars and airlines) and daily operating costs for just about every business; and (3) people will resist buying in suburbs -- where most of the new housing has been built over the last 40 years -- as long as
The U.S. dollar's slump on world currency markets continues, and there is no way to stop it. The greenback still hit new all-time lows against some of the major currencies, like Euro, new record values seem to be broken every week. For US Exporters this is not a big problem, is a good deal for times of crisis, a cheaper dollar helps boost exports, as American products look cheaper to foreign buyers. Most of the US exporters will definitively increase their profits in the next quarters, so pay attention to their stocks. However, the major problem in this entire scenario is the American Consumer, who is the main victim of this problem. From now on, the costs that Americans will pay for food and energy will not be more the same, higher prices may be coming again. The biggest risk to the U.S.
The average UK house price fell for the fourth straight month in February, but properties in London's hotspots continue to soar.Research by Nationwide Building Society shows annual rate of house price growth sunk to its lowest level since November 2005, with prices falling 0.5% last month alone and 1% in the last three months.But contrasting research from estate agents Knight Frank found prime London properties - those valued at £2 million and above - have remained largely unblemished by the tumultuous market conditions, rising 0.6% in February and 2.8% since December.Chelsea was the top performing area, with an annual growth rate of 30%.
Indonesian shares closed sharply lower Thursday as fresh negative news from overseas revived investor fears of a worsening global credit crisis while oil prices surged to new record levels.News about the looming liquidation of London-based Carlyle Capital Corp revived credit worries, with the London-based fund saying it expects creditors to seize all of its remaining assets after negotiations to prevent its liquidation failed.Oil palm plantation stocks extended their slide as crude palm oil (CPO) prices plunged after hitting record-high levels in late February.CPO prices suffered a big drop on Monday on the Malaysian stock exchange, in tandem with other key edible oils, on concerns China may cut its imports of vegetable oils in a bid to contain inflation.The fall in CPO prices has sent sha
Chicago is no slouch when it comes to million-dollar-plus properties. Just do a quick search on Eldorrado.com and you’ll see: Chicago real estate boasts some pretty pricey properties.And that’s good news, because the very high-end of the Chicago real estate market is still attracting buyers, even during our current real estate slump.It makes sense, of course: The wealthiest of buyers, those who can afford $3 million mansions in Lincoln Park or $6 million condos on Chicago’s New East Side, are the least impacted by the housing slowdown. They move when they want to. Not when they have to.If you are one of the lucky few who are in the market for a million-dollar-plus property, don’t hesitate to buy. Real estate is still a great investment. Housing prices here have slowed, certainly,
World number one Roger Federer has blamed his current lack of superstar form on the viral infection mononucleosis, which causes swollen lymph glands, fever and a sore throat. Federer has now been given the green light on his health.He said: "When I heard it was 'mono', I was actually even more happy to have made the semi-finals of the Australian Open because probably a doctor would have said: 'You're not allowed or can't play'."Federer added: "I finally have the green light and finally I can give 100% in practice again, because it wasn't fun sort of being there sort of halfway. Through… a long career maybe as number one, you have to go through injuries and sickness." Source: BBC
Bloomberg - March 10 (Bloomberg) — India’s stocks fell after Morgan Stanley cut its share price estimate on Larsen & Toubro Ltd. , the Larsen’s losses from hedging could be from 1.5 billion rupees ($36.9 million) to 2 billion rupees television channel, CNBC See more news here .
Bloomberg - [...]
Figures compiled by the Southern Oregon Multiple Listing Service show just 70 new homes were sold from Dec. 1 to Feb. 29, a drop of 14.6 percent from a corresponding period a year earlier."A lot of builders have stopped building unless they're pre-sold," said Coldwell Banker Pro West Real Estate agent Doug Morse. "They're just trying to sell the stuff they have and holding on."The median sales price for new construction in Jackson County fell 13.8 percent to $266,200 for the quarter. Existing homes sales activity slowed 33 percent over a similar period a year earlier; the median sales price fell 8.5 percent to $233,325.
Contrary to popular belief, home remodels do little to boost your resale value and return only $0.80 on the dollar. Do they still make sense when housing values are stagnant? A lot depends on the type of renovation you do.
More: continued here
If you are experiencing a selling slump, it’s a tough situation indeed. A decline in sales is not only challenging to your cash flow and hurtful to your commission check, (not to mention your ego) but it can make both you and your company vulnerable to your competition. What to do? Sales have been [...]
Led by heavy selling in Bankex stocks, the Sensex witnessed another major slump and dropped nearly 901 points at close.
Continuing the bear trend the market witnessed another round of frenzied...
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That's one of the questions real estate executives will try to answer during a Senate Finance Committee hearing Thursday slated to start at 10 a.m. EST. Among those scheduled to testify is David Seiders, chief economist at the National Association of Home Builders, a group so frustrated with Washington's inaction on the housing front that it recently cut off all contributions to Congressional office seekers "until further notice." The trade group wants lawmakers to modernize the Federal Housing Administration and reform Fannie Mae and Freddie Mac, the biggest sources of financing for U.S. home loans.
Student loan rates may rise soon. The reason: the sub prime mortgage crisis. Some states, including Utah, securitize student loan funding in an effort to raise the capital necessary to provide loans for all the students desiring them without having to raise taxes. UHEAA, provider of loans to students in Utah, has long held a [...]
There’s been much ado about the current problems in the real estate market with foreclosures rocketing and prices dropping like a stone. A quick random sample of the media finds CBS reporting Foreclosures Jump 79 Percent In 2007 (Jan 29 2008) while CNN hass Home prices in steepest quarterly drop (Feb 14 2008) and Mortgage [...]
Source: Yahoo news
Always on the lookout for home sales information and staying on top of the housing market, I was reading with interest the news this morning that announces that sales of existing homes fell to the lowest level in almost a decade. We are currently at the lowest level in 9 years. While that's not bad news for me at this exact moment, knowing that relocation is possible at
When the waters are calm, an open raft can keep anyone happily floating along. But when a storm rolls in and seas get choppy, that same raft quickly becomes flimsy and inadequate, and drowning is a real danger.
In the mortgage industry, as the skies blacken and the swells rise, financial firms are reassuring consumers that [...]
I’m in a bit of a slump blog-wise. This happens from time to time. I just don’t like anything I write or don’t feel like writing. Some of the stuff that’s on my mind lately (religion, work, stuff my older kids are doing) are things I don’t like to share. A good portion of the [...]
Here was what I was greeted with in this mornings headline news;
WASHINGTON - Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years, demonstrating the troubles builders are facing with a huge backlog of unsold homes.The Commerce Department reported Monday that sales of new homes dropped by 26.4 percent last year to 774,000. That marked the
Viva Estates, one of the largest estate agents on Spain's Costa del Sol, has closed all but one of its offices, the latest victim of the downtown in the country's real-estate sector. The company, which sells flats and homes to a mainly British, German and Irish clientele, has shut 13 offices and now operates only out of its main office in Marbella.It comes after the dramatic slide of Inmobiliaria Colonial SA, the third biggest real-estate company, last month. The president, Luis Portillo, was forced out after a share-price fall of 61.37 per cent in six months.
The latest housing market statistics show the average Fraser Valley house price has declined for the second month in a row, reaching $511,176 in November.That price is the lowest for detached homes since March, reported the Fraser Valley Real Estate Board.Realtors look at the shift as nothing more than a seasonal slump, and economists are uncomfortable calling it a price trend other than to say it follows evidence of the market slipping into equilibrium.
TOKYO - Asian stock markets endured another rollercoaster ride Tuesday after fresh worries about the fallout from the US sub-prime loan crisis rattled Wall Street overnight, dealers said.
Investors...
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My portfolio is now >10% below water. I sold my winning stock yesterday (I-Remit) in exchange for more SPH (Splash Corp) shares which just IPO'd this week. I see that stock picking up eventually...
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The mortgage lending fell again in September in the UK as interest the rate rises slowed the housing market and house prices continued to fall.
According to a recent survey, a total of £30.6 billion was advanced during September. - This is the lowest monthly lending figure since April of this year. The amount lent to first-time-buyers fell sharply to £12.7 billion, down from £16.2 billion in August. They are now spending an average of 20.4% of their income on mortgage interest payments, figures showed.
The increase is part of a trend which began in early summer and reflected interest rate rises in May and July, the Council of Mortgage Lenders said. But the credit crunch, which has led lenders to tighten their belts, has only just started to affect mortgage approval numbers, suggesting interest rates could be increased again in the coming months.
Figures also showed a fall in house prices for the third month in a row. Analysts expect these factors to combine to further cool the prope
Qualcomm’s disappointing forecast continues a big tech sell-off. An IBM drubbing and credit worries push the Dow down nearly 224 more points. Wachovia says it lost an additional $1.1 billion in October on bad subprime-mortgage bets. Crude oil finishes up $96.32.
Read the entire original post MSN Money
Deb's Lake Livingston Real Estate Slump? Not here! Have you been wanting to purchase a getaway, lakehome, second home or investment property but are now hearing of the possible Real Estate Industry Slump? This slump will not affect the Lake Livingston Real Estate Market! If you are a strong buyer with good credit you will not feel the affect! This slump is caused by simply loaning too much money for too little interest to buyer's that were not sufficiently qualified. Adjustable rate mortgages are about to begin their climb which will again cause more shakey loans. One in five houses (homesteads) are defaulting and being returned to the lending companies. &n
Housing Slump, Oil Soar, Credit Market Meltdown, Crude Oil Woes. Everything bad comes altogether, how would a quarter interest rate cut have a good impact on our economy? Lets see.
“All bets are off if more systemic freeze-ups occur in various segments of global financial markets between now and then, spurred by evidence that the subprime-induced problems are deeper or wider than can now reasonably be anticipated.
nflation fears are real. Oil prices have to start biting harder as they head up to $100 a barrel for crude. Food prices are high. Demand from China and India won’t let up. The dollar is weak and further rates cuts will just make it weaker, which is inflationary, among other things. ”
High Inflation rate scares people. and people’s salary can’t keep up with inflation rate. how would people consume more? Even worse cases is the firms are laying off staffs start by Bank of America. How can people eligible for loan with higher restriction from lend
Fires continue to flare in SoCal. Yesterday during a cabinet session, VP Dick Cheney caught some Zs, and today George Bush flew out to view the damage caused by the fires. I guess that kiss means he’s “compassionate”, right?
Condoleezza Rice, today Meanwhile, Secretary of Condoleezza State Rice made an angry face during her testimony on the war in Iraq before the House Oversight and Government Reform Committee.
In other foreign policy news, Secretary of State Rice and Treasury Secretary Henry Paulson announced new sanctions against Iran today.
China’s economy announced 11.5% growth in the third quarter, while investor Jimmy Rogers told the Daily Telegraph that the U.S. economy is in a recession.
According to a UN report released today, Humanity is to blame for putting the Earth (and its inhabitants) at risk.
Oil reached a new high above $90 per barrel. Yikes!
The Red Sox crushed the Rockies 13 to 1 in the first game of the World Series.
The House failed to pa
Does this ever happen to you?
It’s midday, lunch is over and done with and there is still an hour or two before dinner. You’re working away at your job, busy with school or with the kids when you start feeling tired and begin to lose focus on what you’re doing. Or maybe you get a headache and the “little things” begin to get on your nerves.
This is what is known as the midday slump and it’s usually caused by a rapid drop in blood sugar. Combine this with a lack of proper rest and you have a recipe for weight gain.
What you do between the hours of 2pm and 4pm can have a dramatic impact on your weight loss efforts. There is a twofold effect that happens:
1.) When the slump hits your first instinct is to eat, eat, eat and your cravings are usually not for some health fruit or vegetables either.
2.) If you’re like me you make poor decisions when you’re hungry and that leads to pizza for dinner or a trip out to your local restaurant.
So how do you stop this from happening?
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Does this ever happen to you?
It's midday, lunch is over and done with and there is still an hour or two before dinner. You're working away at your job, busy with school or with the kids when you start feeling tired and begin to lose focus on what you're doing. Or maybe you get a headache and the "little things" begin to get on your nerves.
This is what is known as the midday slump and it's usually caused by a rapid drop in blood sugar. Combine this with a lack of proper rest and you have a recipe for weight gain.
What you do between the hours of 2pm and 4pm can have a dramatic impact on your weight loss efforts. There is a twofold effect that happens:
1.) When the slump hits your first instinct is to eat, eat, eat and your cravings are usually not for some health fruit or vegetables either.
2.) If you're like me you make poor decisions when you're hungry and that leads to pizza for dinner or a trip out to your local restaurant.
So how do you stop th
In an interview with Time Off magazine, Klaxons guitarist Simon Taylor-Davis suggests that a follow-up to their critically praised debut 'Myths Of The Near Future' won't be as hard as people might think. "Listening back to it, I think it's very excit
Investing in Uranium
The price of Uranium has been extremely volatile over the past year from a high of just over $300 (USD) per Metric Tonne in June of 2007 to a recent low of $75 (USD) per Metric...
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It's no secret that real estate is experiencing a market slump; in fact sales are lower than they've been in 16 years. Wall Street economists compile a seasonal market forecast; a rating higher than 50 indicate a positive market. The current forecast was only 30 and has remained below 50 since may of 2006. Gone are the golden years of bidding wars or listings at unrealistically high prices. For the seller, it's time to come back to reality and do whatever it takes to sell your home. For the buyer, your time has arrived!What has caused this slump? It's actually a combination of factors including high mortgage rates; 30-year, fixed-rate mortgages average over 6 percent, the highest in over a year. Also, tighter standards have been imposed for obtaining a mortgage, thus decreasing the amount of qualified buyers. The overall market uncertainty has created some wary buyers who are content to stand by and watch the housing trends.With new homes creating about 15 percent of all home sales
Saudi Arabia's official reserves excluding gold declined and net foreign assets held by its central bank showed a rare drop in August as the world's largest oil exporter battles the repercussions of...
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Saudi Arabia's official reserves excluding gold declined and net foreign assets held by its central bank showed a rare drop in August as the world's largest oil exporter battles the repercussions of the dollar's fall. Saudi Arabian Monetary Agency (Sama) net foreign assets were 930 billion riyals ($248bn) in August, down 1.2 per cent from July, in their first monthly drop in at least a year, according to Sama data. "It was expected, it's nothing unusual," said John Sfakianakis, chief economist at SABB Bank, HSBC's subsidiary in the kingdom. "It could mean that instead of strengthening Sama's foreign asset position, some of the money might have been repatriated," he said. "Saudi is selling oil at a high price and they are getting excellent receipts for that, and that money might have not been placed in the central bank's net foreign assets". Khan Zahid, chief economist for Riyad Bank, said the drop in net foreign assets might have nothing to do with oil receipts. "If anything the
Arale y compañía aparecerán en este esperado título de lucha para PS2 y Wii.Namco Banadi ha anunciado a través del medio japonés V-Jump que los personajes de la también serie de Akira Toriyama, Dr. Slump, estarán disponibles en Dragon Ball Z: Budokai Tenkaichi 3 para Wii y PlayStation 2.Esto sin duda le añade un poco más de entusiasmo al asunto para los seguidores de Dragon Ball ya que son personajes también del mítico Toriyama.Fuente | VandalSuscribete
1. He's Simple, He's Dumb, He's The Pilot2. Hewlett's Daughter3. Jed The Humanoid4. The Crystal Lake5. Chartsengrafs6. Underneath The Weeping Willow7. Broken Household Appliance National Forest8. Jed's Other Poem (Beautiful Ground)9. E. Knievel Interlude (The Perils Of Keeping It Real)10. Miner At The Dial-A-View11. So You'll Aim Toward The SkySHINING LIKE A CHANDELIER HERE
Shares in BP fell yesterday after a newspaper reported that the oil company's chief executive had warned staff of poor third-quarter results. The Financial Times said CEO Tony Hayward told a staff meeting in Houston that he planned a shakeup of the company's structure after its worst financial performance in 15 years. Hayward told staff that third-quarter revenues, due to be announced October 23, would be 'dreadful' and that BP needed to streamline its overly complicated structure. "There is massive duplication and lack of clarity of who does what," Hayward said. "We will reduce the number of organisation units. (We) will reduce the number of layers from the workers up to the CEO from 11 to about seven." BP confirmed the staff meeting had taken place but said Hayward's comments had focused on operating performance rather than a major hit to revenue. BP shares closed 2.8pc lower at 572.5 pence on the London Stock Exchange. Via|Gulf Daily News|BRITISHPETROLEUM|BP,Tony Hayward,London
Shares in BP fell yesterday after a newspaper reported that the oil company's chief executive had warned staff of poor third-quarter results. The Financial Times said CEO Tony Hayward told a staff meeting in Houston that he planned a shakeup of the company's structure after its worst financial performance in 15 years. Hayward told staff that third-quarter revenues, due to be announced October 23, would be 'dreadful' and that BP needed to streamline its overly complicated structure. "There is massive duplication and lack of clarity of who does what," Hayward said. "We will reduce the number of organisation units. (We) will reduce the number of layers from the workers up to the CEO from 11 to about seven." BP confirmed the staff meeting had taken place but said Hayward's comments had focused on operating performance rather than a major hit to revenue. BP shares closed 2.8pc lower at 572.5 pence on the London Stock Exchange. Via|Gulf Daily News|BRITISHPETROLEUM|BP,Tony Hayward,London
