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Its another story in the City of London, where office rents in the U.K.s main financial district are falling to 1991 levels as job losses and a mistimed building boom depress prices. ”
Nonexistent “pre-recovery” in Manufacturing Suggests US Treasuries a Buy
“Given that Bernanke’s green shoots are withering on the vine it was a sure bet that someone else would find another feel good term to describe what is essentially not happening. That term is “pre-recovery”.”
“Those looking for a big negative number for consumer prices today were surely disappointed with what came – prices were flat month-to-month and down slightly from a year ago – but there are still three months to go before last year’s high energy prices work their way completely through the system. We may yet get something other than “baby deflation”.”
Jump in Food Costs Drives Up Prices
“Wholesale prices in the United States rose slightly in April, the government reported on Thursday, as falling oil and gasoline prices leveled off and food prices rose the most in a year.”
Lobbyists Skirt Disclosures on Stimulus Lobbying
In the latest quarterly reports, no less than 871 lobbyists indicated lobbying on the stimulus.
But only 12 of those lobbyists appear in the filings that agencies are now required to post online almost immediately after they speak to a lobbyist.
FDIC to Take BankUnited? The Least of its Problems
“Floridas largest mortgage lender, with more than $13.1bn in assets, is unable to raise the minimum capital requirements set aside by the Office of Thrift Supervision.
As a result, the Federal Deposit Insurance Corp. (FDIC) may take BankUnited operations into receivership, though rumors swirl of a possible takeover.”
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Real Estate Sales: A Record Fall to Record Low I find it mildly amusing when Main Stream Media (MSM) suggests that bloggers, and industry professionals who rely upon the Internet to disseminate their professional opinions/research, should not be considered a trusted resource as a whole. A case in point why MSM's argument is rubbish: this scathing article by HousingStory.net......
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