Monday November 12 Housing and Economic stories

Best sources of housing and financial news stories (with no spin):
· http://patrick.net/housing/crash.html (Patrick.net US Housing Crash Continues)
· http://www.bullnotbull.com/bull/
· http://www.prudentbear.com/
· http://www.safehaven.com/
· http://www.jasmts.com/readingRoom.php (Jim Shepherd Investment Strategist)
· http://globaleconomicanalysis.blogspot.com/ (Mish’s Global Economic Trend Analysis)


Housing and Economic News:
Insurers to pay $2bn in subprime cases - (www.ft.com)
Bankers turn towards property derivatives - (www.ft.com)

Asian Markets Dive, Nikkei Wipes Out 2007 Gains - (www.cnbc.com)
Asian markets extended losses as stocks took a nosedive in the afternoon session Monday. Tokyo shares sank as much as 3.7 percent, wiping out all of the Nikkei's gains for 2007 as investors dumped Japanese exporters on the back of a surge in the yen to an 18-month high against the U.S. dollar. - (www.cnbc.com)
Dollar Sinks to 18-Month Lows Against Yen - (www.cnbc.com)
Wachovia, Capital One Say Credit Conditions Worsen - (www.cnbc.com)
HSBC Faces Another Hit from US Mortgages - (www.cnbc.com)

* Suddenly, Impeachment Hearings Look Like A Strong Possibility * - (www.bullnotbull.com/bull)
Joseph Stiglitz: The Economic Consequences of Mr. Bush - (www.bullnotbull.com/bull)
Deadly Dollar Confluence - (www.bullnotbull.com/bull)
Bernanke Starting to Look Dumb - (www.bullnotbull.com/bull)
Gold Revisits 28 Year High - (www.bullnotbull.com/bull)


From http://www.prudentbear.com
Raising the roof - San Diego UT (11/11/2007 08:34 PM)
Probing the Depth of the Downturn - Washington Post (11/11/2007 01:07 PM)
Holiday hiring time not joyful - Chicago Tribune (11/11/2007 08:27 PM)
Banks Said to Agree on Credit Backup Fund - NY Times (11/11/2007 01:01 PM)
ECB to continue providing emergency help - FT (11/11/2007 01:03 PM)
Aftershocks make the credit crisis rumble on: Munchau - FT (11/11/2007 03:12 PM)
Why FAS 157 strikes dread into bankers - UK Times (11/11/2007 05:47 PM)
CDO's Liquidation Raises Concerns About Repricing - WSJ ($) (11/11/2007 08:55 PM)
Wall Street braces for more trouble - CNN/Money (11/11/2007 03:11 PM)
Super-SIV clear to sign more banks - FT (11/11/2007 08:05 PM)
Countrywide’s Chief Salesman and Defender: Morgenson - NY Times (11/11/2007 01:01 PM)
Worsening credit crisis pressures U.K., U.S. banks - Market Watch from Dow Jones (11/11/2007 03:11 PM)
PS's Ground-Shipping Rate To Jump by 4.9% Next Month - WSJ ($) (11/11/2007 08:49 PM)
What did this builder know? - Orange County (11/11/2007 08:43 PM)

Wealth flows into currencies - FT (11/11/2007 03:15 PM)
The world’s currency could be a US problem - FT (11/11/2007 03:16 PM)
Barclays and auditor fight fears over credit-crunch exposure - UK Times (11/11/2007 05:49 PM)
Confidence falls on fears of slowdown - FT (11/11/2007 08:08 PM)
Loser CEOs, Raking It In - Washington Post (11/11/2007 01:05 PM)
Where Were The Realtors? - Forbes (11/11/2007 05:48 PM)


From http://patrick.net/housing/crash.html
Drub thy neighbor (pe.com)
A Real Estate Speculator Goes From Boom to Bust (nytimes.com)
Case Shiller House Price Index Graphing Tool (papereconomy.com)
Big declines needed in markets around the country (money.cnn.com)
Sorry Folks, the Housing ATM is Closed (seekingalpha.com)
Bernanke On Fannie Mae Loan Limit: Was He Joking? (cnbc.com)
Fannie Mae doubles net losses (msnbc.msn.com)
Now is NOT the time to buy (npr.org)
State seeks to revoke Quick Loan founder's license (ocbiz.freedomblogging.com)
Banks bullying appraisers to boost values (sfgate.com)
Cuomo Expands House Appraisal Investigation (efinancedirectory.com)
As Loans Go Bad, Mortgage Insurers Worry (biz.yahoo.com)
ow bad is Florida's housing market? F-minus-minus? (sptimes.com)
Down the Real-Estate Hole (usnews.com)
The Long Fall (patrick.net)
No one claims the stinking mess (eyeonmiami.blogspot.com)
Credit crunch has only just begun (reuters.com)
Housing Crash Repeating History in Florida (marketoracle.co.uk)
Mortgage Fraud and the Government (PDF - petemccormack.com)
Therapists see surge in patients stressing over their house values (sfgate.com)