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Is walking away helping consumer spending?
Jun 13, 2008Here’s an interesting thought: walking away from your unaffordable mortgage might actually prop up consumer spending. At least, that’s the conclusion of Tom Lee, chief U.S. equity strategist at JPMorgan Securities. Via Reuters: “In a perverse way, people who are leaving homes are actually helping the consumer spending picture,” Lee told the Reuters Investment Outlook Summit on New York.
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Investors, seeking mortgage healing
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May 28, 2008 -
Straw Buyer Schemes Lead to $34 Million in Fraud Indictments
May 22, 2008 -
Housing Woes Remain Long-Term Problem, Says Goldman Sachs Economist
May 12, 2008 -
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May 05, 2008 -
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May 02, 2008 -
SEC Offical: Guidance on Fair Value Accounting Might Be Needed
Apr 25, 2008 -
Thames River Goes Long on Subprime MBS
Apr 18, 2008 -
First Horizon Sees Profits Fall Nearly 90 Percent; May Consider Exit from Mortgage Banking?
Apr 17, 2008
