On March 5, the Mortgage Bankers Association announced that mortgage delinquencies continued to rise in the US. The press release said “The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 7.88 percent of all loans outstanding as of the end of the fourth quarter of 2008, up …
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On February 10, I wrote about savings rate in the US in the article How High Will The US Personal Savings Rate Go?. As a follow up to that piece, here is a chart showing household savings in the UK, USA, France, Germany and Japan since 1980: Source: The Global Economic Crisis: Systemic Failures and …
1. Three more banks were shutdown today. They were TeamBank, National Association, Paola, KS , Colorado National Bank, Colorado Springs, CO and FirstCity Bank, Stockbridge, GA. The full list of failed banks in 2009 can be found at the FDIC page Failed banks list. 2. List of Banks by Country – from Wikiepdia 3. Get …
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1.Despite major stimulus packages announced by advanced economies and several emerging markets, trade volumes have shrunk rapidly, while production and employment data suggest that global activity continues to contract in the first quarter of 2009, the IMF says in a new assessment of the global economy. Advanced Economies to Contract Sharply in 09, Upturn Next …
Continue reading ‘Knowledge is Power: Autostadt Car Tower Edition’ »
The Top Top 10 Emerging Market Equity Returns in 2008 is shown below in this colorful chart from Lazard. Also listed below is the top 5 best and worst performing markets in 2008. 1.Top 10 Emerging Market Returns Chart (1993-2008): Morocco, Colombia and Israel were the three top countries. 2. The Top 5 Best and …