KeNo's Housing and Economic Portal

Your one stop shop and information portal for alternative housing and economic news.

Tuesday, January 5, 2010

Posted by Ken Nowak at 9:59 PM

1) New Cramer recommendation (very bad) telling users not to exit Bear Stearns 1 week before meltdown
2) Greenspan recommending the move from Fixed Rate mortgages to ARMs
3) Then (Nov 2006) - Jim Cramer’s prediction of housing market
4) Now (August 2007) - Jim Cramer complaining the Fed is not doing enough to bail out his buddies in Wall Street
5) David Walker, Comptroller General of the U.S. Economic Warning on 60 Minutes

► 2007 (55)
- ► December (18)
- ► November (23)
- ► October (13)
- ► September (1)

Calculated Risk Finance and Economics Blog
Mish’s Global Economic Trend Analysis
The "mess that Greenspan made" blog
Patrick.net US Housing Crash Continues
Financial Times (some of the best untainted financial news)
CNBC - The original squakbox (and not meant in a good way but still news nonetheless)
PrudentBear.com
Mortgage Lender Implode-o-meter
Hedge Fund Implode-o-meter
Financial Sense Online (great Saturday radio program)
Safe Haven - Preservation of Capital
Bull! Not bull Turn off the TV and think!
Bakersfield Bubble Blog
Jim Shepherd Investment Strategist

Ken Nowak: Ken owned investment and rental properties (residential and commercial) in Denver from 1994-2004. Ken worked at Andersen Consulting/Accenture for 15 years and managed rental properties on the side under a property management company (3400 Franklin Street, LLC). Ken passed his real estate exam and owned 20 rental/investment units before exiting the market in 2004. The signs of a major housing turn were showing up in Denver beginning in 2001-2003 with lending standards deteriorating, investment properties getting more difficult to manage, and many corrupt realtors/lenders getting into the business. Properties included the following: - 426 S. Lincoln, Denver, CO - 418 S. Lincoln, Denver, CO - 4435 Irving, Denver, CO - 6870 Zenobia Circle, Westminster, CO - 3400 Franklin Street, Denver, CO (commercial and residential mixed use property)