Case-Shiller Still Predicts Massive 45% Fall From Today’s Values
2009-11-24 MLImplode.com
The 10 major cities in the Standard & Poor’s/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today’s values.
The index is still showing a current loss of 30% from the high in June 2006. Based upon a trend generated from the actual prices of 1987 to 1997, and generated forward in a linear projection, the index will fall a total of 62% before it reaches the trend norm.
Geithner Bond Wise Men Bury Warning as Options Rise
2009-11-16 — bloomberg.com
“The options market shows investors are growing increasingly wary that U.S. debt sales may push yields higher even as inflation remains in check.”
The New Flipping: Short Sales
2009-11-16 — heraldtribune.com
“The FBI recently added short sale flipping, dubbed “flopping” by some mortgage fraud experts, to its list of recognized real estate fraud.”
Investors strategize for Fed’s exit from MBS market
2009-11-16 — reuters.com
“Investors who reaped robust gains in U.S. mortgage-backed securities by piggy-backing on the Federal Reserve’s $1.25 trillion buying program are bracing for the end to the central bank’s support — and positioning themselves for a new round of profits as prices cheapen.”
Ambac Faces 99% Chance of Default as Deadline Looms, Swaps Show
2009-11-14 Bloomberg.com
Ambac Financial Group Inc.’s bond- insurance unit faces a 99 percent chance of default, credit derivatives show, as financial institutions brace for the second-largest bond insurer to file a capital update with regulators later today. ”
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