Posted on August 27th, 2009 by Carlo Capomazza
If the product you sell has long been proven to be virtually recession proof, why not raise your prices? While you’ll never hear the folks at Budweiser or Miller make such a statement, the reasoning behind it isn’t far from the truth.
The nation’s two largest sellers of beer said Tuesday that they plan to raise [...]
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Posted on August 25th, 2009 by Carlo Capomazza
While the year-over-year numbers continue to remain grim, the pace at which home prices are falling has slowed.
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Posted on August 17th, 2009 by Carlo Capomazza
HSH’s latest two-month forecast for mortgage rates is in. While rates trended higher than we thought they would during the last forecast period, “Our expected range of movement was pretty good, but rather than moving to the lower end of the scale, we moved to the upper side instead.”
Here’s just a taste of our latest [...]
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Posted on August 2nd, 2009 by Carlo Capomazza
Our President gives Our tax payer dollars to ‘save’ banks who 1) don’t want the Federal intrusion and 2) these plutocrats end up ruining the credit rating that they decided consumers were entitled to by raising our APRs, lowering credit limits and increasing minimum payments, penalties & fees. Hardly stimulation. I thought Larry Summers was [...]
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Posted on May 9th, 2009 by Carlo Capomazza
Paul Krugman By Mark Zandi Not since the Great Depression has our nation suffered such financial hardship. We are angry, depressed and scared. And we want to know how we are going to get out of this mess. No one is better at giving voice to all this than Paul Krugman. Through his Op-Ed columns [...]
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Posted on May 9th, 2009 by Carlo Capomazza
Nouriel Roubini By Paul Krugman Nouriel Roubini was right. At a time when the likes of Alan Greenspan were dismissing concerns about excessive home prices and declaring that banks were stronger than ever, Roubini warned that there was a monstrous bubble in the housing market and that the bursting of that bubble would cause much [...]
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