Friday, March 14, 2008

Friday March 14 Housing and Economic stories

Top Stories:

France's last WWI veteran dies at 110 – (www.cnn.com)
Jim Rogers: Bailouts are socialism for the rich - Abolish the Fed! - Article & Video - (www.bullnotbull.com/bull)
Dollar plunges to record low - (www.ft.com)
Gold hits record at $1,000 an ounce - (www.ft.com)
AIG urges ‘fair value’ rethink - Insurer first to air accounting grievances - (www.ft.com)Congress mulls metal makeover for U.S. coins - (www.chicagotribune.com)
Wall Street Fears a Big US Bank is in Big Trouble - (www.bullnotbull.com/bull)
A Bailout. For Everyone. - (www.washingtonpost.com)
Interest rates highest since October, mortgage demand drops - (www.usatoday.com)
Carlyle’s co-founder faced a tough choice - (www.ft.com)
Carlyle fails to save $22bn CCC fund - Lenders pull back from risk - (www.ft.com)
An American Nightmare -- Carlisle Condominiums in FL - (http://www.ccfj.net/)
Key West Real Estate Declines Worsening - (keywestchronicle.blogspot.com)
Banks, Lenders and Rating Agencies Hiding Losses - Late last month, Wells Fargo named nearly every California county a “risky” or “severely distressed market.” ... Yet, Wells Farg... - (www.ml-implode.com)
Countrywide reports dip in delinquencies; foreclosure rate climbs - Delinquencies still remained far higher than a year earlier, when they stood at 4.48 percent. The lender's foreclosure rate in... - (www.ml-implode.com)
National City seeking buyers - report - The Cleveland-based bank, which has been hurt by the housing slump, had been hunting for investors. But the company is now seeki... - (www.ml-implode.com)


Other Stories:


Bernanke on the Mortgage Market House of Cards - (http://www.lewrockwell.com/)
Gold Tops $1,000 an Ounce as Dollar Drops, Credit Losses Widen - (www.bloomberg.com)
Dollar Falls to 12-Year Low of 100 Yen on Carlyle Fund Failure - (www.bloomberg.com)
Crude Oil Rises to Record $111 in New York on Weak U.S. Dollar - (www.bloomberg.com)
Treasuries Fall as 10-Year Sale Draws Lowest Demand in 4 Years - (www.bloomberg.com)
Confessions of a Subprime Broker - (http://www.newsweek.com/)
The Real Issues Behind Declining Equity Levels - (http://www.seekingalpha.com/)
Equity Loans Drained Equity - (http://www.seekingalpha.com/)
Rental Foreclosed On In Chicago - (patrick.net)
U.S. Retail Sales Unexpectedly Declined in February - (www.bloomberg.com)
U.S. Unemployment Benefit Rolls Reach 2 1/2-Year High - (www.bloomberg.com)
U.S. already in a recession, CFOs believe - (www.latimes.com)
U.S. to Revamp Credit Rules - (online.wsj.com)
Southern California home prices still dropping at record rate - (www.latimes.com)
Bernanke Cuts in `Heat of the Battle' May Wreck Inflation Call - (www.bloomberg.com)
The Fed's worst nightmare - (money.cnn.com)
Bernanke Playbook Gives Hints on Fed's Next Moves: Mark Gilbert - (www.bloomberg.com)
How a lender bailout hurts the economy - (money.cnn.com)
Foreclosures hurt neighbors’ refinance efforts – (www.msnbc.msn.com)

Carlyle Capital Nears Collapse as Rescue Talks Fail (Update4) - (www.bloomberg.com)
Preventing the Next Mortgage Crisis - (seekingalpha.com)
How government makes things worse - (patrick.net)
'Dr. Doom' has dollar on death watch, global farmland healthy - (http://www.marketwatch.com/)
Stick with Cash and Gold - (www.dailyreckoning.co.uk)
DadTalk: Green Crack Is Drying Up Despite Feds Best Efforts - (dadtalk.typepad.com)
Dollar Trades at Record Low Versus Euro as Fed Destroys America - (www.bloomberg.com)
Berkshire Sees Greater Risk in Debt of States, Cities - (www.bloomberg.com)
Credit squeeze hits three more hedge funds - (www.ft.com)
Financial product fraud rises - (www.ft.com)
Moody's plans new muni system - (www.latimes.com)
Short-sellers bullish on market's fall - (www.chicagotribune.com)

Carlyle Capital in default, on brink of collapse - (www.reuters.com)
UPS May Miss 1Q Forecast - (www.chicagotribune.com)
Target in talks to sell credit card stake - (www.ft.com)
Prescription drug sales growth lowest in 46 years - (www.chicagotribune.com)
Rising use of Internet challenges its capacity - (www.iht.com)
Wachovia: Housing Woes Are Far From Over - (biz.yahoo.com)
Worse Than 2001? - (http://www.fool.com/)
Expect Everything To Be Worse Than Expected - (Mish)
Fed Gives Banks Free Cash For Crap Mortgages - (http://www.bloomberg.com/)
A Palliative, Not a Cure From the Fed - (online.barrons.com)

Despite the Federal Reserve's efforts Wall Street fears a big US bank is in trouble - (business.timesonline.co.uk)
Hedge funds on the brink as US Federal Reserve cash fails to ease crisis - (business.timesonline.co.uk)
China's Stocks Drop to Eight-Month Low; Baoshan, Sinopec Fall - (www.bloomberg.com)
U.K. Inflation Outlook Highest Since at Least 1999 - (www.bloomberg.com)
Zuckerman Says U.S. Economy May Face `Perfect Storm' - (www.bloomberg.com)
Drake's rocky passage - (money.cnn.com)

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