There's a lot of confusion about why fears of put-back exposure at some of our largest banks seemed to spring up so quickly following the revelations about problems in foreclosure proceedings.
Banks and other mortgage lenders could be on the hook for at least $97 billion because of the poor and possibly illegal handling of mortgages that surfaced during the current foreclosure mess, according to mortgage securities specialists.
Over the summer, Barack Obama promised a college education program that would produce 8 million more college graduates by 2020. Recently uncovered data from the Bureau of Labor Statistics suggest that this is a terrible idea.
Yesterday I warned you not to get faked-out by a rise in home prices at the end of the year. I figured that the stalling of foreclosure sales would take distressed, low-priced sales out of the data, resulting in an illusory home price rise.
In today's digital age, if you're slow delivering information to your clients, you are literally yesterday's news. The demand for up to the minute information is on and for the institutional investment manager, there is no excuse for waiting.
When I asked him recently about the possibility of state failure, legendary investor Jim Rogers said, “This is old news. I and others have been explaining about the perilous state of the US states for a few months.”
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Valentin Marinov, director of FX strategy at Citi, says more poor data such as jobs numbers out of the U.S. will hit the dollar.
Friday, 7 Mar 2014 | 1:10 AM ET
CNBC's Julia Wood discusses a new report from Barclays, which indicated a lack of innovation to weigh on Apple for 2014. It also slashed its forecasts for smartphone sales growth in 2014.
Friday, 7 Mar 2014 | 12:09 AM ET
David Dietze, President & Chief Investment Strategist at Point View Wealth Management, explains why he thinks Wall Street will continue its uptrend, no matter how the U.S. nonfarm payrolls turn out on Friday.