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Calculated Risk (1,499 Links)
Created by MyPropsMonkey 207 days ago in Finance. Views: 218. Link Views: 5,432
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Blog by a senior executive, retired from a public company, with a background in investing, finance and economics. This channel is automatically updated!
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Social Security: No Increase to 2010 Benefits or Maximum Contribution Base
Posted by MyPropsMonkey 89 days ago (feedproxy.google.com).  Views: 171
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For something a little different ... For the first time since the automatic cost of living adjustments (COLA) were adopted in 1975, Social Security benefits will not increase in December 2009. This also means the contribution base (currently $106,800) [More...]
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LA, NY, San Francisco, Boston, Seattle, Detroit: Real Prices and the Unemployment Rate
Posted by MyPropsMonkey 152 days ago (feedproxy.google.com).  Views: 61
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Yesterday I posted a comparison of national real house prices and the unemployment rate. Today I'm posting the comparison for various cities. Previous posts in this series: National Real House prices and the unemployment rate. Washington, D.C. real [More...]
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Fed Worries about CRE Grow
Posted by MyPropsMonkey 45 days ago (feedproxy.google.com).  Views: 51
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From the WSJ: Fed Frets About Commercial Real Estate Banks in the U.S. "are slow" to take losses on their commercial real-estate loans being battered by slumping property values and rental payments, according to a Federal Reserve presentation to [More...]
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Massachusetts: Workers Exhausting Unemployment Benefits
Posted by MyPropsMonkey 76 days ago (feedproxy.google.com).  Views: 51
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This is a story that will keep building as workers exhaust their extended unemployment benefits ... From the Boston Globe: State jobless pay to end for manyMassachusetts is experiencing its first wave of jobless workers to exhaust unemployment benefits [More...]
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Bank Failure #52, 7th Today, Founders Bank, Worth, Illinois
Posted by MyPropsMonkey 141 days ago (feedproxy.google.com).  Views: 41
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Six was not enough Founders gambled deposits Then rolled a seven. by Soylent Green is People From the FDIC: The PrivateBank and Trust Company, Chicago, Illinois, Assumes All of the Deposits of Founders Bank, Worth, Illinois As of April 30, 2009, [More...]
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Health Care Spending and PCE
Posted by MyPropsMonkey 96 days ago (feedproxy.google.com).  Views: 40
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By request ... Click on graph for larger image in new window. The graph shows health care spending as a percent of GDP using three measures. The first BEA measure, by major type of product, is of health care services as percent of GDP. The [More...]
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CRE: Higher Vacancy Rates, Lower Rents in San Diego, Orange County and Las Vegas
Posted by MyPropsMonkey 129 days ago (feedproxy.google.com).  Views: 38
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Voit released quarterly reports today for CRE in Las Vegas, San Diego and Orange County. The reports show the vacancy rates are up and lease rates falling. It also shows new construction has slowed sharply. Here are a couple of graphs for Orange County [More...]
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Banks: Troubled Asset Ratio
Posted by MyPropsMonkey 55 days ago (feedproxy.google.com).  Views: 34
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The American University School and MSNBC have created a tool for tracking the "troubled asset ratio" for banks. This tool allows you to search for individual banks. Here is the description: [The] “troubled asset ratio” ... compares the sum of [More...]
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Platinum and Taylor, Bean & Whitaker
Posted by MyPropsMonkey 76 days ago (feedproxy.google.com).  Views: 34
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From the WSJ: Failed Illinois Bank Has Ties to Fallen Mortgage Executive The Illinois connection to Mr. Farkas' now-bankrupt mortgage banking empire of Taylor, Bean & Whitaker Mortgage Corp. was Rolling Meadows, Ill.-based Platinum Community Bank, [More...]
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Weekly Unemployment Claims Increase, Workers Exhausting Extended Benefits
Posted by MyPropsMonkey 92 days ago (feedproxy.google.com).  Views: 34
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The DOL reports weekly unemployment insurance claims increased to 576,000:In the week ending Aug. 15, the advance figure for seasonally adjusted initial claims was 576,000, an increase of 15,000 from the previous week's revised figure of 561,000. The [More...]
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Unemployment and GDP
Posted by MyPropsMonkey 132 days ago (feedproxy.google.com).  Views: 33
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The WSJ Real Time Economics blog mentioned Okun's law yesterday (a relationship between changes in GDP and unemployment): Job Losses Outpace GDP Decline (ht Bob_in_MA) In a research note, [Alliance Bernstein economist Joseph] Carson says job losses in [More...]
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Property Taxes Fall in California
Posted by MyPropsMonkey 134 days ago (feedproxy.google.com).  Views: 32
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Even with plummeting house prices, it is hard for overall property taxes to decline in California. This is because the assessed value of properties held by long term homeowners is frequently far below market value - even after the recent steep decline in [More...]
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New Mortgage Loan Reset / Recast Chart
Posted by MyPropsMonkey 184 days ago (feedproxy.google.com).  Views: 30
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Matt Padilla at the O.C. Register presents a new reset / recast chart from Credit Suisse: Loan reset threat looms till 2012 Credit Suisse is using recast dates for Option ARMs and reset dates for all other loans. As Tanta noted: "Reset" [More...]
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Housing: Remember the Two Bottoms!
Posted by MyPropsMonkey 116 days ago (feedproxy.google.com).  Views: 29
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With my post yesterday, Economy: A Little Sunshine and the New Home sales report this morning - it is worth repeating: There will probably be two bottoms for Residential Real Estate. The first will be for new home sales, housing starts and residential [More...]
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FDIC Bank Failure Update
Posted by MyPropsMonkey 111 days ago (feedproxy.google.com).  Views: 28
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The FDIC closed five more banks on Friday, and that brings the total FDIC bank failures to 69 in 2009. The following graph shows bank failures by week in 2009. Click on graph for larger image in new window. Note: Week 1 on graph ends Jan 9th. The [More...]
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Home Buyer Tax Credit to be Extended and Expanded
Posted by MyPropsMonkey 24 days ago (feedproxy.google.com).  Views: 28
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From Bloomberg: Senate Close to Deal Replacing Homebuyer Tax Credit The details: Income eligibility for first-time home buyers stays at $75,000 for individuals and $150,000 for couples. For move-up buyers, income eligibility is $125,000 for [More...]
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July Economic Summary in Graphs
Posted by MyPropsMonkey 110 days ago (feedproxy.google.com).  Views: 28
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Here is a collection of real estate and economic graphs for data released in July ... Note: Click on graphs for larger image in new window. For more info, click on link below graph to original post. ******************** New Home Sales in June [More...]
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More Details on Making Home Affordable Second Lien Program
Posted by MyPropsMonkey 206 days ago (feedproxy.google.com).  Views: 28
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Press Release from the U.S. Treasury: Obama Administration Announces New Details on Making Home Affordable Program Under the Second Lien Program, when a Home Affordable Modification is initiated on a first lien, servicers participating in the Second Lien [More...]
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Depression Era Unemployment Rate
Posted by MyPropsMonkey 135 days ago (feedproxy.google.com).  Views: 27
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Just for information purposes, the following graph is from Northern Trust.What was the high of the unemployment rate in the Great Depression? The civilian unemployment rate was around 25% during several months of 1932-1933 Click on graph for larger [More...]
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"Precipitous" House Price Declines at the High End
Posted by MyPropsMonkey 116 days ago (feedproxy.google.com).  Views: 26
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From the Chicago Tribune: Luxury prices keep falling (ht Ann) Real estate agents say they have never seen prices drop so precipitously when dealing with opulent, often empty high-end homes along the North Shore ... "It is a phenomenon we've never [More...]
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