Barry Ritholtz, who pens the excellent economy news site The Big Picture was on NPR’s “All Things Considered” Friday with some insights on the foreclosure “crisis.” Financial Blogger On Ethics Of Mortgage Modification A full transcript is available at the link above. Here’s an excerpt. SIEGEL: But what’s the risk of providing some kind of…
Category: Economy
Economic news, statistics, and commentary
WA Troubled Banks Update (Plus National Bank Bonus)
Let’s have an updated look at Washington State’s troubled banks. The following charts are based on data from the FDIC, the NCUA, and Calculated Risk’s latest Unofficial Problem Bank List (updated 03/19). There have been a few changes since our last update in February. Rainier Pacific Bank of Tacoma failed in late February, North Cascades…
Leading Housing Indicators Point to a Flat Economy
Yesterday Calculated Risk wrote an interesting post looking at what housing is telling us as a leading indicator of the economy: Historically the best leading indicator for the economy (and employment) has been housing. … So here is a review of the three monthly leading indicators: Housing Starts: Housing starts are moving sideways… Builder Confidence:…
Consumer Confidence Falls 10 Points in February
Here’s a mini-roundup of different takes on yesterday’s Consumer Confidence Index release: The Big Picture: What Happens When Consumer Confidence Falls 10-Points? Zero Hedge: Spinning The Consumer Confidence Number Mish’s Global Economic Trend Analysis: Consumer Confidence Plunges To 46 Mish’s Global Economic Trend Analysis: Is Consumer Confidence a Contrarian Indicator? Click through below for an…
Olympia on the Economy: Liars, Fools, or Malefactors?
[Note: This is an opinion piece on a political matter. If that sort of thing offends you, it is recommended that you skip this post.] Christine Gregoire, January 2008: “The only thing we have to fear is fear itself,” Gregoire said, quoting former President Franklin Roosevelt and referring to national recession fears. “It is a…