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POPS"Prime" Ain't What It Used To Be Those nice prime borrowers are getting hit hard. Delinquencies were up 50% last month, and yet the after-shock of the U.S.'s rising unemployment rate has yet to really kick in...
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POPSSilicon Valley Gets Stung Job losses in techland jumped earlier this year, as the recession made its way from Wall Street to Silicon Valley. Will these jobs return? Or did many end up overseas, permanently?
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POPSWe Pay You To Buy Our Cars Demand for cars would be drastically lower if it weren't for very generous financing by auto-makers. But a larger point here: governments are picking the winners and losers in the auto industry. Toyota gets aid for financing purchases; of course Honda gets in line.
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POPSNew Car? Thank You Taxpayer! Let me get this straight... taxpayers are keeping GM afloat. And now GM is keeping its customers afloat... with taxpayer dollars. Huh?
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POPSHousing Problem Was TOO MANY Regulators Former Fed Governor Susan Schmidt Bies takes some blame for our current housing woes. What does she point to as problematic? Not lack of regulation, but TOO MANY regulators. Note to Obama: the answer isn't more regulators, but accountable ones.
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POPSNewly Refinanced Mortgages Go Bust Home loans modified earlier this year are showing a 58% default rate six months after the refinance. This shows something is going terribly wrong in our efforts to keep homeowners in their homes.
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POPSHedge Funds Did Beat Hedge funds beat market returns. But these funds compensation structures mean lean times for managers and staffers. This will hit real estate and luxury good sales in high-end zip codes.
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POPSTaxpayers Likely Profit Hank is getting us a nice dividend on the money we invest in Wall Street. He's also likely buying at the bottom (even if one or two banks don't make it). This, of course, all depends on whether the cash infusion actually gets banks to lend.
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POPSCoal for Christmas Slide 27 in this deck by Sequoia Capital shows the extent to which Americans used their homes as ATMs... and won't be able to going forward.
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POPSShort Ban's So-So Results No-short stocks caught up (or down) with the rest of the S&P500, but mainly thanks to a 10% drop the day the ban expired.
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POPSIs Helping-Out Also Bailing-Out? While the House failed to pass the $700 billion bail-out, the FDIC is pledging millions to Citigroup for its Wachovia deal. That could be, in effect, a different flavor bail-out.
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POPSWhen The Lipstick Fades Palin's earmark spending ranks HIGHER than Obama's. She's going to have to do more convincing to prove herself as a reformer.
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POPSTech Spending & GDP Since 1990, and with the exception of 2000-2001, tech spending has swiftly outpaced economic growth.