Archive for August 3rd, 2010

Commercial Mortgage Backed Security Delinquencies Continue to Rise

Commercial Mortgage Backed Security Delinquencies Continue to Rise

| August 3, 2010

A report from Realpoint shows that the amount of delinquent Commercial Mortgage Backed Securities (CMBSs) increased yet again in June, and the uptrend from July 2009 exhibits no signs of an impending reversal. The total amount of delinquent CMBSs has more than doubled over the past year from $25.68 billion in July 2009 to $60.56 [...]

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Consumption Contraction Intensifies

Consumption Contraction Intensifies

| August 3, 2010

The downtrend in the Consumer Metrics Institute (CMI) Growth Index, which measures US consumer spending activity on major discretionary purchases in real time, is accelerating, indicating that the contraction in consumption is intensifying. The following graph from the CMI web site displays annualized rate trends for the last three contractions, and you can clearly see [...]

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Markets Approach Potential Tipping Point

Markets Approach Potential Tipping Point

| August 3, 2010

It may seem as though we mention the negative divergence between treasury yields and stocks every day, but hopefully that communicates the importance of this particular “disagreement” between these two markets. Today we’ll start with the daily chart of the 10-year treasury note yield. The technical pattern that has been developing since the beginning of [...]

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Short-term Forecast for August 3, 2010

Short-term Forecast for August 3, 2010

| August 3, 2010

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