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us dollar: Does Fannie Mae and Freddie Mac's Insolvency Spell Financial Doomsday? - 07/14/08 10:29 AM
I was reading an interesting article from Agora Financial which is spelled out in their "Rude Awakening".  One part caught my eye as they discussed what is currently taking place in the dual FM liquidity crisis, as presented by Dan Denning, editor of the Australian Daily Reckoning.
Dan talks about Ben Bernanke's comments to Congress that both Fannie Mae and Freddie Mac are well capitalized and how those were the statements by Bear Stearns just before their collapse.  Citigroup was the saying the same thing just before asking for more money.  Dan hits the nail on the head with these remarks...
(1 comments)

us dollar: Just How Cheap is That House in Florida for Foreigners? - 11/29/07 11:12 AM
(Disclaimer:  I know I said I would not be posting, but I did this one and will add the other simply because you will probably not see an analysis quite like this anywhere else...You should read both posts today) 
For those of us here in the states, we see our home prices falling and in many cases, particularly South Florida, plummeting into an abyss (Ok, it isn't quit that bad, but for some it seems like it).  With Existing Home Sales dropping at their fastest rate in decades (many relating it back to the Great Depression) and the continued fallout for the credit … (3 comments)

 
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Robert D. Ashby

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