A Look Inside The "New Normal" McMansion

And they’re back: 2,277 sq.ft. – Median new-home size in 2007 2,306 sq. ft. – Median new-home size in 2012 Just as that crowning achievement of the last housing bubble, the McMansions, have once again returned with the second and final return of the … [...]

Frontrunning: November 21

When it fails, do more of it – Bank of Japan hints at extending ultra-loose monetary policy (FT) PBOC Says No Longer in China’s Interest to Increase Reserves (BBG) Fed casts about for endgame on easy-money policy  (Hilsenrath) Big trucks still … [...]

Frontrunning: November 20

JPMorgan $13 Billion Mortgage Deal Seen as Lawsuit Shield (BBG) J.P. Morgan Is Haunted by a 2006 Decision on Mortgages (WSJ) World powers, Iran in new attempt to reach nuclear deal (Reuters) Keystone Foes Seek to Thwart Oil Sands Exports by Rail (BBG)… [...]

Frontrunning: November 15

China to Ease One-Child Policy (WSJ), China announces major economic and social reforms (Reuters) Consumers line up for launch of PlayStation 4 (USAToday) Trust frays between Obama, Democrats (Politico) Yellen Stands by Fed Strategy  (Hilsenrath)… [...]

Complete Hedge Fund Q3 13F Holdings And Position Changes Summary

Here is a summary of the key stock additions, sales, initiations and liquidations conducted by the most prominent US hedge funds in the third quarter. APPALOOSA Boosted Stakes in HCA, HUN, CE, LCC, TEX in 3Q Cut Stakes in SPY, BRCM, BAC, HTZ, SNDK in… [...]

Q3 Earnings Roundup: Banks, Non-Banks and the FOMC

The big news from the Q3 2013 earnings announcements so far is that the mainstream financial media has discovered non-bank financials.  The non-bank sector has been growing fast, this as the traditional financials comprised of depositories and bro… [...]

Frontrunning: November 13

Headline du jour: Granted ‘decisive’ role, Chinese markets decide to slide (Reuters) Desperate Philippine typhoon survivors loot, dig up water pipes (Reuters) Fading Japanese market momentum frustrates investors (FT) China’s meager aid to the Philippi… [...]

Frontrunning: November 7

Twitter’s IPO to Make Market Debut (WSJ); Twitter Raises $1.82 Billion, Pricier Value Than Facebook (BBG) Worried Senators Press Obama on Health Law (WSJ) Greenspan Says Yellen Was His Guide to Economics Research at Fed (BBG) European Central Bank see… [...]

Frontrunning: October 18

Republican Civil War Erupts: Business Groups v. Tea Party (BBG) Budget fight leaves Boehner ‘damaged’ but still standing (Reuters) Madoff Was Like a God, Wizard of Oz, Lawyers Tell Jury (BBG) – just like Bernanke Republicans press U.S. officials over … [...]

Bank Of America Misses Despite Surge In Reserve Releases Amounting To Over Quarter Of Q3 "Earnings"

On the surface, the latest Q3 bank numbers to come out of Bank of America today, were not quite as bad as those previously reported by the other TBTFs, namely JPM, Wells and Citi. At a (massively adjuste4d) EPS of $0.20, this was just 1 cent below the … [...]