US real estate markets in deep trouble - Mortgage applications in the U.S. falling very fast
Karen Zuba
Jul. 1, 2009

The Mortgage applications in the U.S.is falling very fast signaling deep trouble in US real estate markets. The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan dropped close to 20 percent to 445 in the last week of june from 548 the prior week. The group’s refinancing gauge declined 30 percent, while the index of purchases fell 4.5 percent.

This is very serious. The whole premises of Obama Administration is that refinancing and new loans will boost the real estate market which in turn will boost the overall economy. In spite of all that stimulus money, the economy is acting like a dying patient in the last stages of life.


SMART LIVING & INVST. ARTICLES

US real estate markets in deep trouble - Mortgage applications in the U.S. falling very fast
Karen Zuba
This is very serious. The whole premises of Obama Administration is that refinancing and new loans will boost the real estate market which in turn will boost the overall economy.
READ MORE>>

473,000 drop in the ADP Employer Services shows real trouble in US employment market – where will Dow be in the next six months?
Karen Zuba
What is the net impact on US equities? According to econometric and quantitative models, the stock market can tank 50% from the current levels in the enxt six to twelve months.
READ MORE>>

Signs of severe bear market in US and global stocks imminent – the divergence in regional banks, homebuilders and of transportation companies
Peter Oberois
The bear market is live and well. It is ready to pound any time. Smaller banks in the lost 26 percent since climbing to a four-month peak in early May, while home builders tumbled 30 percent.
READ MORE>>

Japanese manufacturers bounced back less than expected - exports and production picked up
Alan Hershey
The bounde is real. The extent is disappointing. The headline diffusion index for large manufacturers rose to minus 48 in June from a record low of minus 58 posted in March.
READ MORE>>

Why does Sweden, the newly appoinetd holder of European Union’s presidency support the hedge funds and the private equity funds?
Marla Guthrie
Swedish defence of hedge funds and private equity on Wednesday, saying it did not blame them for the financial crisis is not only bizzare but also is damaging to the entire fianncial industry, says some analysts.
READ MORE>>

Crude oil ready to rally back to $90 level with drop in US crude stocks and Chinese manufacturing sector growth prospects
Sam Adelton
The crude oil is in new bull market as part of the cyclic move within a larger secular bear market. The prices can easily rise to $90 level and test the $100 per barrel.
READ MORE>>

A big win for US consumer and civil rights groups against JPMorgan Chase & Co. , Wells Fargo & Co and American Bankers Association
Special Correspondent
New York attorney general, Andrew Cuomo is happy on th ruling and said ‘…it reaffirms the vital role state attorneys general play in protecting consumers from illegal and improper practices by our country’s biggest and most powerful banks.’
READ MORE>>

One of the biggest bear market rally as predicted - best quarterly rally for the Standard & Poor’s 500 Index since 1998
Sam Adelton
The divergence between the Russell 2000 Index and the S&P 500 is noteworthy. It is typical in a bear market rally.
READ MORE>>

MORE ARTICLES >>

   
 
 
 
 
 
 
 

Close Window