Tuesday, October 25, 2011

@AllAmerInvest HARP, the End of Cheap, Netflix Plunges 40, Worried?

The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac (the Enterprises), today announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their home mortgage. The program enhancements were developed at FHFA’s direction with input from lenders, mortgage insurers and other industry participants.

A few comments on the HARP Refinance Program changes

Off the Charts: In Apparel, Inflation Is Back
American apparel prices, which fell rapidly early in this century and then stabilized, have begun to rise. The top two charts show consumer prices for apparel compared with late-1991 levels, and annual changes in the index.
Also see The End of Cheap Chinese Goods

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Netflix (NFLX) stock plunges on brutal 3Q, somber outlook

Refinancing A Focus Of Obama's Economic Plan
President Obama unveiled a plan to help "underwater" homeowners reduce their mortgage payments as part of a push the White House is calling "We Can't Wait." Faced with gridlock in Congress, he plans to announce steps the White House can take to boost the economy without congressional approval. One key aim: helping homeowners who haven't been able to take advantage of super-low mortgage rates because their home values have fallen.

What are businesses worried about?
A new Gallup poll of small-business owners provides evidence about what they’re worried about.

Why We Shouldn’t be Selling the Right to Live in America
That’s the notion behind a bill introduced last week by Republican Senator Mike Lee of Utah and Democrat Senator Charles Schumer of New York: Stoke demand for American homes by allowing foreign nationals to buy them. In return, give foreigners the right to live here (although not work here).

Bias, Blindness and How We Truly Think (Part 1): Daniel Kahneman

Original content Bob DeMarco, All American Investor