WaMu’s bad loans are $29 billion windfall for JPMorgan Chase – By Ari Levy and Elizabeth Hester – Bloomberg News – JPMorgan Chase stands to reap a $29 billion windfall, thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual into income. – Seattle Times

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Securities [...]

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Interesting Gold market technicial presentation:  Gold bullion glitters brightly – Posted by Prieur du Plessis – … he shorter-term technical picture is also starting to look interesting. This is explained by Adam Hewison of INO.com who prepared a short technical analysis of gold’s most likely direction and key chart levels. (The analysis was done [...]

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Housing: Recovering or Not? – By Ben Steverman – Just as optimism began to bloom, U.S. housing starts hit a record low. The homebuilding sector may have to endure a long bottoming process – BusinessWeek 

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Relocation, Relocation, Relocation – DIANA GOLOBAY – Relocation is what it’s all about for homeowners unsatisfied with the declining house [...]

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Over the weekend my daughter and a friend had a lemonade stand on the street. They weren’t selling much lemonade for 50 cents a cup, so they decided to increase the price to 75 cents a cup. I told them that is not how economics works. My daughter replied, “The price of a postage stamp [...]

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