Sacramento Office Vacancy Rate Surges Over 20%
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Lowe’s Results Suggest Stabilization
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“The Real Sullivan Group”
Reading Time: 2 minutes[My clients are] the real Sullivan Group. – Sheila Carroll, a Sacramento attorney representing the Lehmann-Halverstadt Group There is a little dispute going on among a Roseville Investment Advisor called The Sullivan Group. Some members decided to leave Morgan Stanley…
Fannie, Freddie And Lehman In The Eye Of The Storm
Reading Time: 4 minutesThis week’s trading has been dominated by concerns that Fannie Mae and Freddie Mac will essentially be nationalized by the US Govt and their common stockholders wiped out. The catalyst was a story in Barron’s over the weekend “The Endgame Nears…
Local Homebuilder Dunmore Homes, In Business Since 1954, Is Sold
Reading Time: 1 minuteThe Sacramento Bee reported this morning that local homebuilder, Dunmore Homes, which has sold almost 2000 homes locally since 2001 and has been in business since 1954 has been sold. This after The Sacramento Business Journal reported on Friday (subscription…
Did Anybody Actually Read Bernanke’s Speech?
Reading Time: 6 minutesThe big event for today turned out to be a speech given by Fed Chairman Ben Bernanke to the International Monetary Congress in Cape Town, South Africa via satellite before the market open this morning. This speech somehow reaffirmed the…
The Next Fannie Mae
Reading Time: 1 minuteThe Wall Street Journal wrote an editorial on the dangerous growth at Ginnie Mae on August 11th: “The Next Fannie Mae”. It makes the same points I made the other day in “Ginnie Mae Accounts for 20% of New Mortgages In…