MaxedOutMama
Thursday, June 14, 2007
Whoo-Hoo
First quarter prime loans entering foreclosure hit all-time high.
Mortgage losses are beginning to show up on the books of financial firms.
PPI was a surprise at .9 for May, but if you look at crude good/import prices the picture looks a lot worse. Going through the tables shows that pricing can't be passed along to consumers, so profits are going to take a hit.
Import prices are still rising and even accelerating.
Mortgage losses are beginning to show up on the books of financial firms.
PPI was a surprise at .9 for May, but if you look at crude good/import prices the picture looks a lot worse. Going through the tables shows that pricing can't be passed along to consumers, so profits are going to take a hit.
Import prices are still rising and even accelerating.
