Housing remains in focus today, with starts rebounding to 9.3% and permits up 6%. Both of those numbers are much better than expected, and the market seems to like them early in today’s session. But they’re also not telling us the whole story. As nice as those numbers may sound, the fact is that a [...]
Tags:
American Dream,
bankers,
capital requirements,
CME,
Dodd-Frank,
economy,
housing,
housing bubble,
housing recovery,
job creation,
lending,
Leo Melamed,
loans,
multi-family units,
permits,
regional banks,
regulations,
rental units,
single-family units,
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Folks, the European contagion issue seems to have settled down on news that the European Central Bank will hold an emergency summit on Friday. Is this contagion issue over? Absolutely not. But Friday’s meeting might help to quell the panic in the French institutions. The French are the largest holders of Italian bonds, which means [...]
Tags:
bonds,
CME,
debt,
dollar,
ECB,
European Central Bank,
France,
French,
gold,
Greece,
Growthflation,
index arbitrage,
Italy,
Leo Melamed,
purchasing power parity,
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