Asia's forex reserves may not be too high after all (The Economic Times)
A new International Monetary Fund study may fuel an uneasy feeling stirring in financial markets that some Asian central banks are drawing down their currency reserves a bit too fast for comfort....more...Foreclosures Create A Unique Housing Market (KMGH 7 Denver)
Over the last 18 months, John Klahn has purchased nine homes for less than $100,000 each....more... Olympics showcase our biggest creditor (San Diego Union-Tribune)
Over the past nine days, the world has been entranced by the Beijing Olympics. For Americans, of course, the Olympics are more than a chance to see the world's greatest swimmer grab another gold, or to debate when those ?16-year-old? Chinese gymnasts were born....more... Fishy second-home loans hit Dorchester (Boston Herald)
Greetings from Dorchester, the nation's new vacation hotspot. More than a dozen condos, many in abandoned or distressed buildings, have sold at sky-high prices to......more... Mortgage Applications Fall Slightly (Nasdaq)
(RTTNews) - Industry data released on Wednesday showed that mortgage application volume edged down last week, as refinancing activity slipped over 4 percent. Purchase activity for the week also ticked down....more... An economic Cassandra whose predictions are coming true (International Herald Tribune)
Over the past year, whenever optimists have declared the worst of the economic crisis behind us, Nouriel Roubini of New York University has countered with steadfast pessimism. Roubini has been right....more... Time might be right to buy more affordable home (Los Angeles Daily News)
The Golden State kept some rare company during the second fiscal quarter. California was one of only 13 states where sales of previously lived-in homes (I can't stand the phrase "existing home sales") increased from the first quarter, according to the National Association of Realtors....more... New York without spending a dime (Guardian Unlimited)
Travel: Juliet Kinsman on trading her British home for a funky Brooklyn brownstone in a houseswapping move...more... How the Smart Money Lost $1 Trillion, So Far (GoldSeek.com)
"It does not matter how sharp you sharpen a buzz saw that is set at the wrong angle. It will not cut straight." ~ Cornelius Van Til....more... |