Housing Outlook - bottom not in yet - Bloomberg

Analysis and Discussion with Chris Mayer of Columbia Business School

Weekend funnies - July 25 09

Interesting mortgage delinquency stats

The Comptroller of the Currency's 42-page housing report - released in late June 09 yet providing data for the first qtr 2009 (link) is a review of performance statistics for 34 Million 1st mortgage loans totaling > $6 Trillion (approximately 64 percent of all mortgages outstanding in the United States).

Chart below (click for larger image) is a high level snapshot of some of the data provided


Bottom line/take-away: if this data accurately represents all 1st Liens across the US then >10% of all mortgages were delinquent, seriously delinquent or already in foreclosure by the end of March 2009 - a 130% YoY increase in serious delinquencies and a 75% YoY increase in foreclosures.

One can only imagine how bad the data looks for 2nd notes.

Question: Did I miss any "Green shoots" in the data above? Hope not, because I would really hate to misrepresent the Comptroller of the Currency's report.

Dollar to fall much more

Louis Navellier, editor of Emerging Growth, tells why the dollar could go straight down and what that could mean for the US economy and stock market.

A few pictures from my D.C. trip

Vietnam Wall

Same w/Washington Monument in Back

WWI Memorial

Washington Monument

Federal Reserve

Federal Reserve

Treasury dept

Treasury dept

World Bank

Obama's House

Quote from Holocaust Museum

Weekend Funnies - 18 July

I'm still in DC - finished with business, but my girls are arriving tonight for some weekend sightseeing - I'm really excited about it. Anyway, in the meantime I was able to find a better hotel internet connection, so thought I'd post these up. Hope you enjoy.