Mortgage Delinquencies Soar
On the back of today’s news that mortgage applications had fallen, the Mortgage Bankers Association reported that the delinquency rate for mortgage loans had jumped higher in the first quarter of 2010 when compared…
All Work
Douglas A. McIntyre
The Twitter-24/7 Wall St. Stock Market Report 5.19 The Wisdom Of Crowds?
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Housing: Mortgage Applications Plummet
Housing prices, already under pressure because of unemployment and the number of defaults, are likely to continue their drop. There are fewer and fewer buyers in the market. And, the federal government’s tax credits…
Merkel Protests Too Much: Are German Banks Short The Euro?
“A failure of the euro means a failure of Europe,” German Chancellor Angela Merkel said today, according to Dow Jones. This is after she banned naked shorting in some financial stocks and supported curbs…
Handsets: Google Android Crushes Microsoft Windows Mobile
Microsoft (NASDAQ: MSFT) has been in the mobile software business for over a decade. Its Windows Mobile operating system has never done well. That may be because the Nokia Symbian OS has dominated the…
Hewlett-Package: The Benefits Of Being Diverse
A chart of the shares of the large diversified tech companies’ stocks- IBM (NYSE: IBM), Hewlett-Packard (NYSE: HPQ), Cisco (NASDAQ: CSCO) and Oracle (NASDAQ: ORCL)– against monoline tech companies Dell (NASDAQ: DELL), VMware (NYSE:…
The Double Dip Back On The Table
It has been a long time, at least as time has passed during the financial crisis, since economists regularly discussed the possibility of a double dip recession. The 2008 credit catastrophe is viewed as…
Media Digest 5/19/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Senate Democrats are fighting over financial reform. Reuters: Fishing bans are growing in the Gulf. Reuters: GM will stop paying union employees who quit. Reuters: The euro fell after Germany banned certain types…
U.S. Airlines Finally Find The Course To Profits
By Robert Herbst AirlineFinancials.com estimates the nine largest US passenger airlines will end the 2nd quarter with over $1.4 billion in profits. This could increase to $1.8 billion if fuel prices remain at or…
Moody’s Sovereign Debt Rating Chief Throws Himself Under Bus
The head of sovereign debt rating is leaving Moody’s (NYSE: MCO). The company has been under withering criticism for its evaluations of mortgage-backed debt and paper issued by the treasuries of independent country’s. Moody’s…
Greek Economy Will Not Recover Until 2017
Former Bank of England executive David G. Blanchflower said that a second bailout package for Europe in inevitable. He told Bloomberg, the Eurozone faces the euro’s “unstoppable” decline until it is at parity with the U.S. dollar…
Today’s Best Market Rumors (5/18/2010)
Updated throughout the day. Foxconn will ship 24 million Apple Inc (NASDAQ: AAPL)4G iPhones starting in June (Barron’s) The government may require market-wide targets for circuit breakers. (Reuters) Large chip-makers including Hynix and Samsung…
The Twitter-24/7 Wall St. Stock Market Report 5.18 The Wisdom Of Crowds?
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Germany’s Despair
The Center for European Economic Research said its May economic expectations index for Germany fell to 45.8 from 53.0 in April. Coupled with that the German 10-year government bonds dropped. The DAX suffers a sharp drop in early May…
Boeing Wastes More Money As 787 Delays Continue
It is hard to imagine that the launch of the Boeing (NYSE: BA) 787 Dreamliner could fall further behind than it already has. The number of delays is now nearly a dozen and the date on…
The Government’s Role In Hiring May Be On The Way Down
The most stinging criticism of the federal government’s unemployment figures is that some of the improvement in recent months is based on hiring for the process of completing the Census. By some estimates, this…
HAMP Program A Failure Or Success?
The Treasury Department released its April report on the progress of HAMP, a program to modify mortgages so that people can stay in their homes. The first reaction by the media and most analysts is that…
Media Digest (5/18/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The US is going to probe the causes of the spill in the Gulf. Reuters: Blackstone is dropping its bid for Fidelity National. Reuters: The US and Ireland set a new fly zone…
The Net Worth Of The American Presidents: Washington To Obama
George Washington, the nation’s first president, was also one of the wealthiest men to hold the office. His Virginia plantation, Mount Vernon, consisted of five separate farms on 8,000 acres of prime farmland. As…
Tablet PCs vs. Tablet Devices (AAPL, HP, PALM, DELL, GOOG, RIMM, AMZN, MSFT)
What exactly is that device that you can hold in your hand and use to read a book, surf the web, and send an email or text message? Industry analysis firm IDC is beginning…