Jericho, New York
The state of politics and the financial markets are discussed with an eye towards the potential impact on us all.
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October 2008
Oct. 31, 2008
In about 5 days we are going to know who our new president is, and have a better idea of the direction that our fiscal policy is going to head in. Higher taxes, lower taxes, higher taxes for the rich (if earning above $250 K is considered rich), more dril
Oct. 30, 2008
The Fed lowered its' overnight lending rate to 1.00% and the discount rate to 1.25%. Along with this was the statement that downside risk to the economy remains that would seem to leave open the window for further rate cuts. We are chasing Japan which is
Oct. 28, 2008
The Mortgage Modification Group will work with borrowers of both residential and commercial mortgage loans who have fallen behind, or who are about to fall behind on their payments due to an unforeseen hardship. This can include an ARM rate adjustment, il
Oct. 28, 2008
If your blog has been in existence for an extended period of time, and you want to achieve maximum exposure, blog syndication is a key component in the process.
Oct. 27, 2008
What Market Am I Talking About?
The answer to that question is really that it is the readers choice to decide. Whether we are talking about housing, mortgages, commodities, stocks, bonds, currencies or commercial real estate, we are at what can only be
Oct. 25, 2008
What You Missed This Week
If you don't subscribe to The Political and Financial Markets Commentator blog by either feed or by email, these are the stories that you missed this week.
The Commentator is written by me for the purpose of addressing key
Oct. 24, 2008
What Happens To Your Home When You Can No Longer Afford Your Mortgage Payment?
With the turmoil in the financial markets, rise in unemployment, drop in the equity markets, and the incredible increase in the amount of mortgage lates and foreclosures aro
Oct. 21, 2008
As is the American way, any problem requires that the villain(s) be identified and paraded in front of us so that we can find closure. In this case, many of the people that are most complicit in the problems that we now have are some of the loudest in say
Oct. 18, 2008
Can I Afford To Buy A Home?
A better question, given the steep drop in housing prices and the fact that we are in one of the best buyers markets seen in a long, long time, is can you afford not to buy a home if you have been considering it.
Oct. 16, 2008
For those unfamiliar with mortgage modifications, they are simply a way for homeowners that are behind on their current mortgage, who have a demonstrated hardship such as an adjustable rate mortgage reset, death, divorce, reduced income, illness, etc., to
Oct. 15, 2008
Monday we had the huge stock market rally on the heels of the news coming out of Europe over the weekend, which took us into the pre-open announcements in the US on Tuesday, which led into a continuation rally, at least at the open of trading on Tuesday (
Oct. 13, 2008
Who Is The Man?
I am watching and listening, trying to figure it out. Watching the markets and the news flow. Listening to the politicians, government spokespeople and the talking heads of business news. If I can figure this puzzle out, it will tell me
Oct. 13, 2008
I am watching a little football, doing a little work around the house, and at the same time keeping my eye on the business wires to see if there are any new developments around the world that could impact the stock markets, but more importantly the credit
Oct. 11, 2008
The Commercial Mortgage and Political Hotline: The Name Is Obsolete
When I first decided to write a blog, I initially wanted to provide a forum to discuss the commercial mortgage and real estate markets, and provide insights to training and market tren
Oct. 10, 2008
Anyone can take a look at the action today, yesterday, the day before...well you get the idea, and say that there is no end in sight and that gloom and pessimism will rule the day. Very logical, and I will get to that after I begin with the fact that I be
Oct. 9, 2008
Today we got the news that many in the markets have been waiting for. They have been waiting for what seems to be a very long time. That was the coordinated global rate cut by the central banks of the US, Canada, EU, England as well as a few other countri
Oct. 8, 2008
Coordinated Rate Cut Move By The Central Bankers
As I said as my closing line to my blog yesterday, if only we could get the EU to cooperate with the global financial crisis that we are going through. This morning as I write this (7:00 AM EST), the U.S
Oct. 7, 2008
Over the past months I have been watching both the prognosticators and experts giving their opinion on the financial crisis, and when we would be coming out of it. The typical opinion some months back was that we were in the late innings of this "game", a
Oct. 6, 2008
The stock market is down 700+, the VIX is close to 60, and I figurured that this would be a great time to reprint an article from a blog that I read every day, The Mortgage Cicerone. The article refers to belt tightening practices and the ways of running
Oct. 6, 2008
Fannie Mae: Plain Vanilla or Chocolate Sundae?
Market Update: Things are not looking great post Bill passage. I have a funny feeling in the pit of my stomach.
VIX: Not yet open. Closed Friday at 45.14, and speculate we will see 50+ today.
The Ted
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