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Mortgage Loan Originations Lowest Since November 2008, Down 60% Year-Over-Year, Cash Sales Strong

MishTalk

2008 (down 60% Y/Y) Property sales remained relatively strong (total year 2013 was up 8.4% from 2012), supported by increased cash purchases (which accounted for more than 40% of Q4 sales) HARP origination volume has declined significantly (down 70% Y/Y), with fewer existing loans now eligible for the program: approx.

Sales 74
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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. I didn’t quite get that.

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Mortgage REITs Clobbered as Leverage Forces Sales

MishTalk

Minyanville Business and Market News. Labor Union Report. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Mortgage REITs Clobbered as Leverage Forces Sales. REITs Deepening Bond Losses as Leverage Forces Sales. Sitka Pacific. Recent Posts. Featured Links. Union Watch.

Sales 73
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Retail Sales Rise in Germany and France, Decline in Italy

MishTalk

Minyanville Business and Market News. Labor Union Report. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Retail Sales Rise in Germany and France, Decline in Italy; Margin Squeeze in Germany and France. Italy: Sharpest drop in retail sales since April. Sitka Pacific.

Retail 70
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Wholesale Sales Unexpectedly Decline (Most in Nearly Five Years), Inventories Unexpectedly Rise

MishTalk

Finance reports U.S. Wholesale Inventories Rise, but Sales Drop Sharply. wholesale inventories rose more than expected in January, as companies built up stocks of autos and machinery, though sales posted their largest decline in nearly five years. Sales at wholesalers fell 1.9 Economists had forecast sales to edge up 0.2

Sales 69
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Big Miss in Retail Sales vs. Expectations; Trend Change or Another

MishTalk

Minyanville Business and Market News. Labor Union Report. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. Big Miss in Retail Sales vs. Expectations; Trend Change or Another "Soft Patch"? Retail sales were up 0.4% May retail sales were revised lower, to +0.5%

Retail 64
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Mish's Global Economic Trend Analysis: European Car Sales.

MishTalk

Minyanville Business and Market News. Labor Union Report. China Financial Markets. Market Oracle. Market Ticker. Real Clear Markets. European Car Sales Plunge to 20-Year low. in June, bringing total sales for the first six months of the year to just 6.44 Sitka Pacific. Recent Posts. Paper Boat.