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It’s A Bloodbath

It's Friday desk clearing time for this blogger. "Fannie Mae and Freddie Mac are expected to retain 'limited and tailored government support' after they are freed from U.S. control, Treasury Secretary Steven Mnuchin said in a letter to lawmakers. Mnuchin’s…

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When It Busts, It Busts

A report from the Wall Street Journal. "Housing markets across the world, from the U.K. to China to Australia, are losing steam. In 18 large economies, world-wide residential investment dropped on a year-over-year basis for four consecutive quarters through September,…

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