The Atlanta’s Fed’s GDP tracker has upgraded Q2 GDP to … 4.7%!
Doctor, doctor, here is the news. We have a bad case of affordable housing blues in the US.
Again, the US economy and housing market are hot-hot-hot. New home sales for May surprised analysts by rising 6.7% MoM to 689k units SAAR.
On the one hard, we see that the US economy is hot-hot-hot. On the other hand, we see warning signs like … the US Treasury curve has flattened to a post Great Recession low. Throwing gas on the smoldering fire is this Moody’s report that approximately 60% of the number of rated issuers are graded
Like the Star Wars film franchise (each worse than the other), now we have yet another “What do we do with Fannie Mae and Freddie Mac’ proposal, this one from The White House.
Large banks hold the most excess reserves in the US.
Yesterday, I discussed how the median price YoY on existing home sales is almost 2 times average hourly earnings growth, a sign of the growing housing affordability problem in the US.
According to the National Association of Realtors, existing home sales fell -0.4% in May, l
Deutsche Bank is the poster child of “Too Big To Fail.” Its stock price has plummeted
I am speaking today at an American Action Forum event in Washington DC at noon entitled “The Future Of Housing Finance Reform.” Also speaking will be affordable housing guru Laurie Goodman from The Urban Institute with Politco’s Lorraine Woellert moderating. Meghan Milloy of the American Action Forum penned a nice editorial in advance of the event … Continue reading Don’t Forget About the GSEs (Fannie Mae and Freddie Mac) And Their Government Guarantee →