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FINANCIAL TSUNAMI BUILDING ACCORDING TO WORLD'S BIGGEST BOND FUND MANAGER Similar
U.S. Must Buy Assets to Prevent `Tsunami,' Gross Says By Jody Shenn Sept. 4 (Bloomberg) -- The U.S. government needs to start using more of its money to support markets to stem a burgeoning ``financial tsunami,'' according to Bill Gross, manager of the world's biggest bond fund. Banks, securities firms and hedge funds are dumping assets, driving down prices of bonds, real estate, stocks and commodities, Gross, co-chief investment officer of Newport Beach, California-based Pacific Investment Management Co., said in commentary posted on the firm's Web site today. ``Unchecked, it can turn a campf...Feed: Capital Gold Group, Inc.
Cities With Robust Home Equity Similar
While a recent report from the Standard & Poor's/Case-Shiller U.S. National Home Price Index released last week showed that housing values have dropped by 15.4 percent nationally, there remains a good handful of cities that have retained healthy home-equity values. Last month Forbes.com named their top five metro areas that showed home values remaining relatively stable. The cities on the list were places that didn’t see much price appreciation, while the rest of the country was seeing home values triple during the housing boom. This 5-bed, 4-bath Beaumont, TX, home is listed at $895,000. 1....Feed: Opening Doors - Homescape Blog
Weekend reading (policy wonk edition) Similar
And let’s face it, if you’re reading this blog you’ve got some wonk in you. I read a lot, and I thought I’d start posting my reviews of books of interest to Public Capital readers. Some of these reviews, like the one below, will appear or have appeared in print. Others will be Web only. Today’s recommendation: “The Subprime Solution,” a short, whip-smart book by Yale economist Robert Shiller. I came away from Shiller’s book riffing on a Homer Simpson line: American optimism: Is there any investment bubble it can’t fuel? (For the uninitiated, Homer’s line was, “Donuts … ...Feed: Public Capital
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