Published by clickbroker.blogspot.com.
The National Association of Realtors’ (NAR) August 24 press release, “July Existing-Home Sales Fall as Expected but Prices Rise”, along with The Wall Street Journal’s inside look at the August 10 Federal Reserve’s “contentious meeting”, “Fed Split on Move to Bolster Sluggish Economy” left the market uneasy Tuesday morning. Headlining the NAR release; “completed transactions … dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009.”
Existing Home Sales: Too Much Friction in the System
The Insatiable Bill Gross Challenges Treasury Secretary Geithner
Published by clickbroker.blogspot.com.
Treasury Secretary Geithner and HUD Secretary Donovan hosted the Conference on the Future of Housing Finance Tuesday, August 17, 2010. Among the esteemed panelists were PIMCO’s Bill Gross, Bank of America’s (BAC) Barbara J. Desoer, Wells Fargo’s (WFC) Mike Heid and the stellar brand builder from Moody's Analytics (MCO) Mark Zandi. Geithner’s keynote was that the only known fact is that the future of residential mortgage finance must change. But as each party spoke it became clearer that change was the last thing anyone wanted.
Whole Foods, Whole Body, Whole Nightmare
Published by clickbroker.blogspot.com.
The Wall Street Journal’s “The New Nutritionist: Your Grocer “ reports that Kroger (KR) started testing the NuVal nutritional scoring system in some Kentucky stores, with the potential for a national rollout. Each shelf price tag contains a NuVal rating from 1 to 100; the higher the rating the more nutritional value. Shoppers might be surprised that organic favorites such as Kellogg’s (K) Kashi brand and General Mills (GIS) Natures Valley don’t always score well.
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