The Week in Review from @valeofinancial (9-16-11)
September 16, 2011    Disclosures    POSTED IN  Markets

This week from the @valeofinancial Twitter feed


  • Fixed-Rate Mortgages Continue To Find New Record Lows. 30-year fixed averaged 4.09% & 15-year fixed 3.30% Freddie Mac
  • 20 percent of borrowers in foreclosure on first mortgages remain current on their second liens Bloomberg
  • Student loan defaults on the rise at public universities Stateline


  • About 20% of mortgages held by banks & thrifts regulated by OCC are delinquent or in process of being written off. OCC
  • US banks privately lending billions to support ailing European lenders IFR
  • Vickers Report in the UK proposes investment banking operations be ring-fenced within UK banks. Bloomberg


  • Spain to impose wealth tax in 2011 and 2012 on those with assets of more than €700,000 Wall Street Journal
  • France now more risky than California: Bespoke
  • Italy reportedly aiming to sell ‘significant’ amounts of bonds to China Bloomberg

U.S. Economy

  • Estimating the effect of government policy on future U.S. economic growth. Chart and commentary: Financial Times
  • Inflationary pressure on producers eases in August. Valeo Financial Advisors
  • Industrial Production Rises for Fourth Month Bloomberg


  • Small Business Hangs ‘Demand Wanted’ Sign Wall Street Journal
  • People with jobs tread water. Fewer people have jobs. Household income falls. 3 graphs: Planet Money
  • Daily chart: Who are the world’s biggest employers? The Economist
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