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Mortgage Applications Plunge, Wal-Mart Indicators, Apple and Great Depressions

October 22, 2008 By Bill Rice Leave a Comment
(Source: Briefing.com)

Mortgage Applications Dump 16.6% MBA reports a 16.6 percent plunge in mortgage applications. Refinance and purchase mortgage applications drop precipitously--expecting loan originations to drop below $1.9 trillion, nearly half of 2003 mortgage boom high. Expect this to hit online mortgage lead generation players like Bankrate.com, as it did Yahoo. Wal-Mart Economic Indicators Wal-Mart Index signals consumer weakness. Paul Kedrosky is fabulous at zeroing in on the right signals to tell you what … [Read more...]

Weekend Notes

October 18, 2008 By Bill Rice Leave a Comment
baseball economy

Weekend Read File: Will economic collapse hurt contracts for baseball players? Time to Clean Up After the Party An Example of Economics at Work Bernanke is Fighting the Last War Churchill's Dictum and Henry Paulson PIMCO's Gross sees market confidence restored 'in weeks' on bank rescue (this guy is incredible-sarcasm in voice) Have we learned the right lessons from the Great Depression? Mark Cuban helping to watchdog our tax dollars Sequoia tells portfolio companies to hunker down (presentation … [Read more...]