Monday, April 1, 2013

Today's links





1--5 helpful charts that explain where we are todayhttp://digbysblog.blogspot.com/2013/03/your-helpful-charts-o-day.html, Hulabaloo

2---David Stockman Writes Huge Unhinged Screed About How America Is Doomed And How You Should Get Out Of The Market NOW,http://www.businessinsider.com/david-stockman-america-is-doomed-2013-3 business insider


Seriously delinquent borrowers with mortgages owned or backed by Fannie Mae (FNMA) and Freddie Mac will be able to reduce monthly payments without documenting finances under a program introduced by the companies’ regulator.
The move announced today by the Federal Housing Finance Agency is designed to stem losses to the U.S.-owned firms by letting borrowers at least 90 days behind on their loans bypass the administrative hurdles of typical loan modifications. Homeowners may still give their lender documents on financial hardships and can save more money by doing so, the agency said
As the stock market continues to climb, trading has increasingly migrated from established bourses like the New York Stock Exchange to private platforms, including dark pools, that are largely hidden from public view. The shift is helping big traders hide what they are doing in the markets, and regulators are worried that the development could obscure the true prices of stocks and scare away ordinary investors.

The movement, under way for several years, has gathered force recently. The portion of all stock trading taking place away from the public exchanges hit new highs over the last few weeks, amounting to close to 40 percent on several days, up from an average of 16 percent in 2008, according to Rosenblatt Securities...

http://economix.blogs.nytimes.com/2013/03/28/median-household-income-down-7-3-since-start-of-recession/
7---Housing bubble 2.0: Is it different this time?,http://ochousingnews.com/news/housing-bubble-2-0-is-it-different-this-time OC Housing




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