Capital Commerce


July 2008


Housing May Be Making a Bottom

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A bit of cheer from the econ team at Action Economics:

In total, the sales statistics for the U.S. real estate market may be forming a bottom as we digest the most recent bout of financial market stress in July, which would be a welcome relief for the beleaguered housing market. We are hardly out of ...

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housing market

McCain Veep Nominee: Pawlenty or Romney, Romney or Pawlenty

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Vice presidential speculation intensifies! The common wisdom—and the betting markets—seem to be congealing around Tim Pawlenty and Mitt Romney as the two likely picks to be John McCain's running mate. Like many others today, I have heard the pick will be made much sooner rather than later. Pawlenty ...

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TAGS:
McCain, John
2008 presidential election
running mates
Pawlenty, Tim
Romney, Mitt

Why Isn't the Economy Worse?

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Given that we are supposed to be in the worst housing and financial crisis since the Great Depression, it is certainly curious—at least to the media, left-of-center economists, and Wall Street permabears—that like, you know, the economy is sorta-kinda OK. (My pal Bob Stein, economist over at First ...

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TAGS:
economy

4 Reasons the Weak Economy Is Now Helping McCain

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The 2008 presidential race has gone weirdly nonlinear. The latest Rasmussen poll has Barack Obama with a 2 percentage-point lead over John McCain (Obama had been consistently leading by 5 points for the past six weeks). And Newsweek has Obama ahead by just 3 points—within the margin of error—after ...

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TAGS:
economy
2008 presidential election
energy policy and climate change
fiscal policy
federal taxes
Obama, Barack

Fannie-Freddie Fiasco Helps Romney's Chances

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One of the big knocks against the idea of Mitt Romney as John McCain's vice presidential nominee has been that a banker-businessman veep candidate presents the wrong image and vibe during a time when Wall Street seems to be in full meltdown mode because of its own failures. The "smartest guys in ...

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TAGS:
Freddie Mac
Fannie Mae
Romney, Mitt
McCain, John
running mates
Vice President
2008 presidential election

Citigroup: No Nationalization

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Take this piece of Citigroup analysis for what it is worth:

We do not believe there is any real risk of a government takeover of FNM and FRE any time soon. Treasury Secretary Paulson's statement on Friday (7/11) that the administration supports "Fannie Mae and Freddie Mac in their current ...

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TAGS:
Citigroup
banking

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