EYE CANDY SECTION -  Charts and Cartoons -

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good chart – Existing home sales – trying to make a bottom -  themessthatgreenspanmade.blogspot.com

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Cartoon – Can I Stay Up Late? -  Big Picture 

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great charts – Super Scary Housing Post of the Day, Holiday Edition – runningofthebulls.typepad.com/      includes this   MUST SEE CHART VIDEO 
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good chart – Existing home sales – trying to make a bottom -  themessthatgreenspanmade.blogspot.com

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State Chart – U.S. Home Foreclosures Are Still on the Rise – globalinsight

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has good illustrations with poem – The Credit Crunch, as told by Dr. Suess -  The Big Picture 

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WSJ Interactive – The Making of a Mortgage CDO -  Flash Presentation -  WSJ 

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2008 PREDICTIONS:

Cumberland’s 2008 Strategic Market Outlook – David Kotok, Chairman & Chief Investment Officer – Cumberland Advisors

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20 Improbable Surprises For 2008 – by Barry Ritholtz – Big Picture 

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Builder Tutorial from Reggie Middleton:

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1.  The Coming Land Recession,   Part 1   and   Part2 

2.  Straight Talk From the ex-Homebuilder CFO: Yes.. straight from the Lennar CEOs mouth… land has zero value
3.  Straight Talk From the Homebuilder CFO: The tricks builders use to disguise the true losses on their books 

4.  Myths, Markets & Manipulators: The Real Deal on the Homebuilders

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Henry Salomon, Karl Case 2, Last Shred, Why It’s Plunging, OC History Lesson, Option Arms

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Early Call:  Henry Salomon wrote about using reverse mortgages as a possible way to avoid foreclosure 2 months before it was mentioned in the Wall St. Journal – thanks Henry – about reverse mortgages 

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1.  Interesting Life Story: Karl “Chip” Case (of Case-Shiller Index) – thanks Ira Artman  -economicprinciples.com
2.  Shiller Warns of Japanese-Style Recession – by Michael Shedlock – globaleconomicanalysis
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Moody’s Affirms Ambac, MBIA Ratings – Losing Any Last Shred of Credibilty – by Reggie Middleton  – Boom, Bust & Bling Blog http://boombustblog.com/content/view/5/34/
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Why are New Home Sales Plunging? – “Until prices come down to a level where people with 5-20% down, 6% fixed rated, making normal American incomes can afford, we are nowhere near a bottom.    -      Trader Mark – Seeking Alpha 

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History Lesson:  How subprime lending all started in O.C. -  OC Register

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Option Arm Thoughts – Mortgage Market Roundup -  housingwire