"Also causing anxiety is the ominous rise in recent weeks in the three-month London interbank offered rate (Libor), the rate the most creditworthy banks charge each other for loans."or . . . is this another one of those seasonal, temporary freak-outs . . .
"Ace said... Spider, thanks, the market has been in free fall (big dip) for several weeks now. Would Warren Buffett say now is a time to 'be greedy when others are fearful'?"Certainly mortgage rates are astonishingly low. Is anyone looking forward to house-hunting this summer? Or are you going to Europe to shop?
Calculated Risk on house prices:
"Case Shiller is reporting on the NSA data (13 cities down), and I'm using the SA data. I'm not sure why Case-Shiller is saying prices are weakening because the tax incentive is ending. This is Q1 and March 2010 data - and the tax incentive pulled forward demand and probably supported prices. Just wait until later this year ... "Warning: Crash dead ahead. Sell. Get liquid. Now. by Paul Elliott, Motley Fool Hidden Gems --Tuesday, May 25, 2010
"Warning, fans, the numbers on the game-clock are flashing wildly. America's ratio is now 92%, thanks to Obama's $1.7 trillion budget, future deficits, exploding debt. Soon, Ka-Booom! Another great nation bites the dust. Depression follows. Goodbye retirement. ... No, 'this time' it's never different. Get it? In the end, it doesn't matter what happens to the Dodd-Obama financial reforms. The endgame's never a Black Swan, it's a very White Swan well known to historians -- guaranteed, inevitable and inescapable. This time is never different. . . .The clock's flashing. Huge point spread. Think bear, think crash, think end of capitalism, think Great Depression II. . . . This is no buying opportunity, this game's in the refrigerator, call it".You can't make this stuff up . . . "Consumer confidence rises for third straight month to 63.3 in May as job worries ease."