Some of the more interesting and important items for December 29th :
- U.S. Home-Price Declines Slowed in October – WSJ.com – The indexes showed prices in 10 major metropolitan areas fell 6.4% in October from a year earlier, while in 20 major metropolitan areas, home prices dropped 7.3% on the year. However, both indexes were flat in October compared with the previous month.
- The Man Who Wired Silicon Valley – How many are involved and to what extent?
- China Executes British Drug Smuggler, Ignoring Brown’s Appeal for Clemency – What do we think of this?
- Biggs, Faber Unite in Predicting Dollar Rally – Interesting as this is very contrary, but if you think about it, mke sense. Almost a catch-22
- U.S. Consumer Sentiment Gains in Signal Economy Will Expand Into Next Year – Good, not much as expected, but nice
- Goldman Sachs Seeks Regulatory Clearance to Create Exchange-Traded Funds – Watch out!
- Mortgage Rates Climb to 5.05% for 30-Year Loans, Highest in Three Months – That should slow down the housing progress in its tracks
- Fannie and Freddie CEOs to get up to $6M in pay (AP) – So much for pay caps…