Blog

Author:
Richard Gatto
Posted:
05.06.2013

Home Prices Spike But Is It Real?

Economists tell us that the reason the US is doing better than Europe is because of two things: our equity markets and our housing sector.  And now comes the news that housing is posting its best numbers since 2006.  The widely followed Case-Shiller indexes showed the price of single-family homes across 20 of the most […]

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Author:
Richard Gatto
Posted:
04.22.2013

IMF Says Less Austerity, More Spending

For those who have stressed the need for austerity and deficit reduction, who think that fiscal cliffs and sequestration are a good corrective to reckless spending, it may be helpful to consider what the IMF is saying. Lowering the outlook for U.S. growth to 1.9% from 2%, IMF Economic Counselor Olivier Blanchard called the U.S. […]

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Author:
John Driscoll
Posted:
01.04.2013

Right Up to the Cliff

Like a good 30’s serial, Congress seems to enjoy brinkmanship and 11th hour rescues. And it was historic. For the first time in 20 years, Republicans voted to raise income taxes (the last time was when George H.W. Bush broke his “read my lips, no new taxes” pledge).  The Senate’s “fiscal cliff” bill passed 257-167. […]

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Author:
Mike Ricamato
Posted:
10.15.2012

Controversial Call Hastens End to NFL – Referee Dispute

There was a quick turnaround in the NFL referee lockout after a replacement referee botched a call that turned a Green Bay Packers’ Hail Mary interception into a touchdown for the Seattle Seahawks during a pivotal “Monday Night Football” game.  Thanks to the national uproar that resulted, the NFL and the NFL Referees Association (NFLRA) […]

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Author:
Richard Gatto
Posted:
09.10.2012

Want to Feel Better About the Economy? Take a Look at the Rest of the World

There is no doubt that America needs to get its economic mojo back: in the 2nd quarter its GDP grew at an annualized rate of 1.7 percent, according to revised figures published on August 29th.  That growth number is down from two percent in the 1st quarter and 4.1 percent in late 2011. But, anyone […]

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Author:
Jafer Hasnain
Posted:
07.31.2012

Single Family Homes Become an Asset Class

It’s a sign of the times. Single-family homes, as distinct from mortgages, are an emerging asset class. For decades, investors have bought home mortgages in securitizations or as whole loans. Individual investors have built a cottage industry owning small numbers of rental homes. Institutions have been buying commercial real estate in various forms. Public and […]

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Author:
Richard Gatto
Posted:
07.23.2012

The New Nostradamus: The IMF, the US and the Fiscal Cliffhanger

The French soothsayer, Michel de Nostredame or Nostradamus, became something of a celebrity starting in the 1550s because of his prophecies in all he made 6,338 predictions in a series of almanacs — everything from plagues to invasions to the end of the world. People still raise his name today when they speak about impending […]

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Author:
Catalina Parada
Posted:
06.20.2012

Spain Asks the Eurozone for a Bank Bailout

Spain asked the Eurozone for a bailout of up to €100-billion to rescue its banks.  This is just a short-term fix for the troubled Eurozone because it doesn’t address the underlying problems in the monetary union.  The earlier bailouts of Greece, Ireland and Portugal didn’t resolve the problems either.  “The Spanish banking bailout is big […]

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Author:
Catalina Parada
Posted:
01.23.2012

A Tale of Two Countries: Germany and Spain

Germany’s unemployment declined more than predicted in December as car and machinery exports boomed and one of the mildest winters on record helped construction jobs. The number of jobless people declined a seasonally adjusted 22,000 to 2.89 million, according to the Nuremberg-based Federal Labor Agency.  Economists had forecast a decline of 10,000.  The adjusted jobless […]

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Author:
Catalina Parada
Posted:
11.15.2011

Spain’s New Financial Hit: S&P Downgrades Its Credit Rating

Standard & Poor’s slashed Spain’s credit rating to AA-, three steps beneath the highly desirable AAA, underscoring the challenges facing Europe’s major powers as they meet G20 counterparts over the eurozone debt crisis.  S&P, whose move mirrored that by fellow ratings agency Fitch, cited high unemployment, tightening credit and high private-sector debt.  Spanish 10-year government […]

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