First sign of life in US Home sales – depressed prices triggering buying stampede
Sondra Johnson
May 26, 2008

Generally home sales are weak across the country. But something interesting is happening in real hard hit areas. Qualified buyers are stampeding again in inner city Detroit to buy those foreclosed properties with reduced prices from the banks. Other communities that are experiencing similar stampedes include Las Vegas; Sacramento, Calif.; Fort Myers, Fla.

Housing stats across the whole country are surprisingly up. The lumber futures pointing to possible buying interests among new home buyers. The economic trends are down but surprisingly not collapsing in spite of all odds. Most likely another leg up in real estate and stocks will have to complete the cycle within the secular bear market.

Home sales are rising in some U.S. metropolitan areas where lenders have slashed prices on foreclosed properties.

First sign of life in US Home sales – depressed prices triggering buying stampede
Sondra Johnson
Housing starts across the whole country are surprisingly up. The lumber futures pointing to possible buying interests among new home buyers. The economic trends are down but surprisingly not collapsing in spite of all odds.
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The worst mistake by Walmart – SAP will be devastating replacing its homegrown IT version
Susan Hicks
It is the tale of non-tech companies failing to understand the effect of mismanaged and undocumented IT development gown in-house. Even worse mistake is to try and replace the same with enterprise system software like SAP.
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Sharply worsening housing recession and rising energy costs ready to rattle the equity market but here is the silver lining
Peter Oberois
When you put all together, you start seeing the picture clearly. The markets have started their upward journey although most of the actions are stealthy.
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Overvalued Derivatives at Merrill signals sign of trouble in financial engineering sector
Sam Adelton
Merrill is downplaying the matter. However, the matter is much more serious. Declines on European and U.S. markets this year have exposed a growing list of errant traders...
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US Government insurance for about $300 billion in troubled mortgages will boost US economy, housing market, lumber futures and US Dollar
Kirsten McLauren
It will produce a phenomenal boost to the US economy, real estate market, the US Dollar, the lumber futures and the new home sales.
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ECB and Bank of England holds rate while shifting bias towards a stronger dollar – US Fed agrees
Sam Adelton
ECB and bank of England ion the next several months will lower artes substantially. At the same time US Federal Reserve will keep rate at the same level. All central banks will inject preferential liquidity to influence higher dollar.
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Asian governments plan to discard international Monetary Fund by creating a $80 billion pool in case of emergency
Media Release
Finance ministers from 13 Asian nations agreed to create a pool at least $80 billion in foreign- exchange reserves to be tapped by nations in case they need to protect currencies.
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