It's Friday desk clearing time for this blogger. "The Federal Reserve looks on course to lose money next year as it raises short-term interest rates to try to rein in inflation, according to former New York Fed President William Dudley.…
A weekend topic starting with Go Local Prov. "In Rhode Island, GoLocal reported that in March that Santander Bank was expected to lay off nearly 200 employees. The layoffs by Santander are taking place across the globe. 'What’s behind banking…
A weekend topic starting with Reuters. "Lampooned by fiscal hawks as belief in a 'magic money tree', ever higher public borrowing and spending had seemed manageable and sensible for many years - hinged as they were on persistently low inflation…
A weekend topic starting with the Vancouver Sun in Canada. "'The real-estate development business is very much about market timing,' said Arny Wise, who spent his career planning and developing scores of housing projects in Toronto and Vancouver. 'They want…
A weekend topic starting with Mortgage News Daily. "So why did rates spike on Friday? This is actually a bit of a trick question. Rates have been rising in general since late 2020. The current rate spike really began last…
A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Better.com Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…
A report from IFR. "The speed of the turnaround is remarkable given Zillow had raised over US$1bn in the securitisation market in the last three months. 'Everyone is trying to figure out what's going on. I want to know if…
A report from the Phoenix Business Journal in Arizona. "A former Coolidge real estate agent faces decades in prison after being convicted this month in a scheme that emptied a family friend’s savings of $185,000 amid promises to help the…
A weekend topic starting with Market Watch. "We all know that house prices are rising at a record pace right now, but few realize just how far from normal this is. For the entire 20th century, the annual average increase…
A weekend topic starting with the New York Times. "'It’s making me nervous that you’ve got this incipient housing bubble, with anecdotal reports backed up by a lot of the data,' James Bullard, the president of the Federal Reserve Bank…