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Prices rise as the economy falters
SCOTTISH FAMILIES are feeling the financial squeeze as prices rise and the economy falters. The Consumer Prices Index (CPI), the government\’s preferred measure of inflation, jumped to 3.8% last month, surprising economists who had predicted a rise to 3.6%. Inflation was pushed so high by…
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Invest in Property
Despite the negative fourth estate that the lodging market experienced at the beginning of 2005, there are a number of reports circulating that suggest that figs have got shown an addition towards the end of the year. This is of course of study of study good intelligence at the end of what some [...]

“Have you ever seen a UFO?” #3
Ben was loading a dresser into his truck. I asked him if he’d like to do an interview. He asked what it would be about. This was only my third interview and no one had asked me what it would be about before and I wondered how best to [...]

Daily Briefs: Economic news and a sincere letter of apology
By CHRIS PACKHAM I say, have you noticed the sheer, amazing proliferation of Starbucks coffee purveyors? Four area Starbucks stores are closing, including …
View post:Daily Briefs: Economic news and a sincere letter of apology

Las Vegas \”Ground Zero\” for Mortgage Fraud: FBI
Scott Hunter, the FBI\’s supervisory special agent in Nevada, describes the region as \”mortgage fraud ground zero.\” The problem is so widespread that everyone seems to know someone affected by it. Even one of the FBI\’s Las Vegas agents has a connection: Special Agent Henry Schlumpf\’s wife was [...]

Replacing Housing Risk With Dollar Risk, Updated
Understanding the Dimensions of the Fannie Mae/Freddie Mac Problem As of Sunday night, the US government, speaking through Treasury Secretary Henry Paulson, has committed to guarantee the value of securities issued by the government-sponsored enterprises (GSEs), Fannie Mae and Freddie …
Replacing Housing Risk With Dollar Risk, Updated

Greenspanism Looking Pretty Good…
Martin Wolf is gloomy: A year of living dangerously for the world: It is now almost a year since the US subprime crisis went global. Many then hoped that the repricing of risk would be no more than a brief interruption…. Such hopes have been disappointed…. So where is the world economy [...]