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The Federal Reserve is recapitalizing banks - and evetually you!

I keep getting asked what will happen to home prices with the Federal Reserve lowering rates to banks. The question implies: What is the relationship of cost of money to prices? Can we identify trends and/or turning points based on this macro-economic variable? The sub-prime crisis was not born of a real change in cost of [...] SHARETHIS.addEntry({ title: "The Federal Reserve is recapitalizing banks - and evetually you!", url: "http://www.my-currency.com/blogs/karim/2008/01/30/the-federal-reserve-is-recapitalizing-banks-and-evetually-you/" });

Home building statistics - really bad news

The US Commerce Department reported various housing data this morning that confirms the poor state of affairs in the US housing market. Specifically: - Building permits for single-family homes in December were 10.1 percent (±1.6%) below the November figure and 25.3 percent (±0.8%) below the December 2006 figure. - Single-family housing starts in December were 2.9 percent [...] SHARETHIS.addEntry({ title: "Home building statistics - really bad news", url: "http://www.my-currency.com/blogs/karim/2008/01/28/home-building-statistics-really-bad-news/" });

The three stooges of mortgage finance

The National Association of Realtors reported that their “Pending Home Sales Index” for July fell to its lowest level since the post Sept. 11, 2001 period as a result of tightening credit for Jumbo mortgage loans (loans over $417,000). So what is this index? Directly from the NAR release: “The Pending Home Sales Index is based on [...] SHARETHIS.addEntry({ title: "The three stooges of mortgage finance", url: "http://www.my-currency.com/blogs/karim/2007/09/05/the-three-stoges-of-mortgage-finance/" });

1000 apologies for the outage today

Hi Everyone, I want to apologize for the outage we had today. There is no excuse and I want you to know we will work to ensure that this doesn’t happen again. One of the challenges of being a start-up is not being able to do the things we know are necessary due to a shortage [...] SHARETHIS.addEntry({ title: "1000 apologies for the outage today", url: "http://www.my-currency.com/blogs/karim/2007/08/29/1000-apologies-for-the-outage-today/" });

False Promises & Lies

A couple of things I read this weekend are reinforcing something that I have been thinking about the contrasts of old-school business models and (the promise) of new school businesses. I don’t want to quibble about who is “old” and who is “new” but I guess the test is this: “Do you make a truthful [...] SHARETHIS.addEntry({ title: "False Promises & Lies", url: "http://www.my-currency.com/blogs/karim/2007/06/11/false-promises-lies/" });

increase your pay 70%

Yesterday the NYT’s David Leonhardt wrote an interesting piece covering new research from Christopher Malloy of London Business School, Andrea Frazzini from University of Chicago, and Lauren Cohen of Yale. Entitled “The Small World of Investing: Board Connections and Mutual Fund Returns,” the research basically finds that mutual fund managers are more likely to buy [...] SHARETHIS.addEntry({ title: "increase your pay 70%", url: "http://www.my-currency.com/blogs/karim/2007/06/10/increrase-your-pay-70-now/" });

Be like Banksy

Who you ask? Banksy is a UK based artist that has largely used the streets of London as his canvas. Yes, it is graffiti. But really it is so much more. His manifesto gets to the point. It is political and social satire simply executed. The process of having to create a piece [...] SHARETHIS.addEntry({ title: "Be like Banksy", url: "http://www.my-currency.com/blogs/karim/2007/05/25/be-like-banksy/" });

Discrimination at Redfin!

No not what you are thinking - not social, ethnic, or racial discrimination. Redfin discriminates on price. PRICE! The 60 minutes piece was a yawn for me personally but it does give Americans the right to start to push back. See the posts and comments at TechCrunch, Redfin, Inman, BloodHound for an early read. [...] SHARETHIS.addEntry({ title: "Discrimination at Redfin!", url: "http://www.my-currency.com/blogs/karim/2007/05/13/discrimination-at-redfin/" });

News & Opinion

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