I noticed another suspicious death/home story. Looks like a fire on a house with an owner $100K in debt, but a body found in the rubble. Odd, I am sure more to come.
Fire Leads to Homicide Investigation (news10.net)
Also, here are some notes from my trip to Vegas over the weeken. Surprising, but did no gambling during the entire weekend. Went to the old downtown district on Friday night and then the Billy Joel concert on Saturday night. For a good summary of the housing situation in Vegas, see the blog/site below. Very interesting. I will just say this.... I stayed with a friend who lived West of the strip near Rainbow and Russell and it seemed about every corner on Rainbow had retail space built upon it. About 1/5 to 1/6 of all the retail space seemed to be empty (but just a subjective statement).
http://housingdoom.com/category/las-vegas-market/
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:
More doubts about Fannie Mae's disclosures – (http://globaleconomicanalysis.blogspot.com/)
Fannie Mae's fuzzy math – (http://globaleconomicanalysis.blogspot.com/)
Fuzzy Math or Fuzzy Reporter? – (http://globaleconomicanalysis.blogspot.com/)
Portland builder aims to clear inventory – (http://globaleconomicanalysis.blogspot.com/)
Mothball Housing Strategy Doomed To Fail. – (http://globaleconomicanalysis.blogspot.com/)
The San Diego Housing Bubble – (http://globaleconomicanalysis.blogspot.com/)
Corporate bond yields for financial institutions rise – (http://globaleconomicanalysis.blogspot.com/)
Goldman Sees "Substantial Recession" Risk – (http://globaleconomicanalysis.blogspot.com/)
Support for SIV superfund grows - (www.ft.com)
Amid concern over dumping of bank debt - 22:03
SIVs face fight to survive, says Moody’s
EADS aims for deal in US defence market - (www.ft.com)
It wants to reduce vulnerability to US dollar - 22:03
EADS to cut costs as dollar falls bite
Pension funds battle SEC over proxy access - (www.ft.com)
Proposal blocking proxy vote likely to pass - 01:00
SEC approves US listing reform
Holidays May Be Last Stand For Tapped-Out Consumer - (www.cnbc.com)
Everyone has heard predictions of a tapped-out consumer. And though they haven't materialized in the past, this time is likely to be different
· OPEC Summit Ends in Division Over Weak US Dollar - (www.cnbc.com)
· Week Ahead: Investors On Edge as Holidays Approach - (www.cnbc.com)
· Gasoline Prices Rose 13 Cents in Two Weeks: Survey - (www.cnbc.com)
· China May Consider Wider Trading Band for Yuan - (www.cnbc.com)
* FBI RAIDS LIBERTY DOLLAR * - (www.bullnotbull.com/bull)
US Industrial Production Plunged in October - (www.bullnotbull.com/bull)
Starbucks US Traffic Drops For the First Time Ever - (www.bullnotbull.com/bull)
Gloom Shrouds Global Credit Markets - (www.bullnotbull.com/bull)
Fed Makes Biggest Temporary Injection Since 2001 - (www.bullnotbull.com/bull)
88% Erosion of Purchasing Power and Counting - (www.bullnotbull.com/bull)
Detroit: The Future of America - (www.bullnotbull.com/bull)
Americans are worried that hard times lie ahead. But in Detroit, Michigan, they have already arrived, with a vengeance.
Dr. Marc Faber: Gold Headed Easily to $1000 - (www.bullnotbull.com/bull)
From http://www.prudentbear.com
The Economy on the Edge - Business Week (11/18/2007 06:59 AM)
As Owners Feel Mortgage Pain, So Do Renters - NY Times (11/18/2007 08:33 AM)
Greenspan Says Dollar's Decline Has No `Real' Impact - Bloomberg (11/18/2007 03:29 PM)
Fed Official Hints at No Rate Cut - NY Times (11/17/2007 05:47 AM)
Fed and markets set to clash on rates - FT ($) (11/17/2007 05:58 AM)
California lost 15,800 nonfarm jobs in October - SF Gate (11/17/2007 08:40 AM)
Builders offer cuts of as much as $150,000 on some housing units - SF Gate (11/18/2007 05:49 PM)
Support for SIV superfund grows - FT (11/18/2007 04:53 PM)
OPEC Interested in Non-Dollar Currency - AP (11/18/2007 07:17 PM)
Overview: Risk aversion rising across financial markets - FT ($) (11/17/2007 08:35 AM)
Opec nations clash over impact of dollar - FT (11/17/2007 01:45 PM)
Creative Loans, Creative Compensation: Morgenson - NY Times (11/17/2007 04:36 PM)
If Buyout Firms Are So Smart, Why Are They So Wrong? - NY Times (11/17/2007 04:38 PM)
Gulf Arab States Will Consider Revaluing Currencies in December - Bloomberg (11/18/2007 06:59 AM)
Money-Market Funds: A Safety Check - Business Week (11/18/2007 08:34 AM)
Practices gear up for flood of litigation - FT (11/17/2007 08:37 AM)
Wells Fargo to tighten home-equity borrowing standards - LA Times (11/17/2007 08:42 AM)
Wilbur Ross sees 2008 U.S. auto sales below 16 mln - Boston Globe (11/18/2007 08:49 PM)
Auto sales could hit 15-year low - Reuters (11/18/2007 07:19 PM)
US employers drop health cover as costs rise - FT (11/18/2007 07:23 PM)
Fannie Stock Slides As Questions Arise Over Accounting - Washington Post (11/17/2007 05:48 AM)
G20 silent on dollar impact on world markets - FT (11/18/2007 07:21 PM)
China asks banks to temporarily freeze lending to cool economy - Forbes (11/18/2007 07:24 PM)
Buy-to-let crisis hits UK housing plans - FT (11/18/2007 04:50 PM)
Subprime-hit German bank IKB could unveil more losses: report - AFP (11/17/2007 08:39 AM)
Indian tourist sites refuse entry to dollar - FT (11/17/2007 01:46 PM)
Chinese banks hit the acquisition trail - FT (11/18/2007 04:51 PM)
Saudi minister warns of dollar collapse - The Business UK (11/17/2007 08:34 AM)
Crazy Little Thing Called Risk: Bernstein - NY Times (11/17/2007 04:40 PM)
The Discipline Of the Dollar: Ignatius - Washington Post (11/17/2007 08:49 AM)
Subprime mess is a crime story - National Post (11/17/2007 08:44 AM)
From http://patrick.net/housing/crash.html
Six-figure salary and still renting (domain.com.au)
Will Owning be Better Than Renting in the Long Run? (blogs.domain.com.au)
Could Housing Panic Actually Save Countrywide? (seekingalpha.com)
Being Forced to Price Toxic Waste at Market Values (rgemonitor.com)
Two hedge funds move on after huge rewards from subprime crisis (marketwatch.com)
Sellers Try To Take Advantage Of Housing Slump (newschannel5.com)
Ripple effect is feared from foreclosures (baltimoresun.com)
ubprime fallout hits big money market funds (usatoday.com)
GE money fund redeeming 96 cts on dollar (reuters.com)
Foreclosures expected to crimp house values (miamiherald.com)
Levitt may abandon thousands of lots (miamiherald.com)
Florida Holds $2.2 Billion of Debt Cut to Junk Status (bloomberg.com)
Every County in Southern California is now Negative (doctorhousingbubble.com)
South CA house prices drop to 2005 levels (latimes.com)
California, Florida lead metros in house foreclosures (usatoday.com)
Stockton Foreclosure Rates Worst In Nation (kcra.com)
Foreclosure filings in Q3 (usatoday.com)
San Diego Foreclosures (sdlookup.com)
Fire Leads to Homicide Investigation (news10.net)
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