Credit
Bad News for Banks: Troubled mortgages hit record high
For more than 616,000 familys there are few green shoots to see, their loans were hit with foreclosure actions in the first 3 months of the year, the Mortgage Bankers Association reports.
NEW YORK (CNNMoney.com) — Despite all the hand-wringing and attempts to contain the foreclosure plague, the problem still spread during the first three months of [...]
Monument Securities – Hoping against hope
LONDON (Dow Jones)–The S&P Case-Shiller index of home prices in twenty US metropolitan areas fell by 2.2% between January and February this year, according to data released yesterday. That was hardly a sign of stabilization in the housing sector.
Nevertheless, the financial markets took comfort from a fall in the year-on-year rate of decline in this [...]
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Guest: China reported sharper-than-expected increases in consumer and producer prices.
Guest: China Gerui Advanced Materials (CHOP) Shares Climb 6% After Earnings Report
Guest: China Mobile (ADR) (NYSE: CHL) has agreed to acquire 20 percent stake in Shanghai Pudong Development Bank. Deal expected to be worth $5B
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