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Jun 6, 2011

MarketWatch | Personal Finance daily: Housing market is ‘sobering,' or it's time to buy

MarketWatch
Personal Finance Daily
JUNE 06, 2011

Housing market is ‘sobering,' or it's time to buy

By MarketWatch



Don't miss these top stories:

Lower-priced homes lost their value at about three times the pace of homes at the higher end, MarketWatch's Amy Hoak writes in her column today. In part, that's because those were the homes that saw some of the steepest gains as the housing bubble inflated.

Now, housing values overall are back to about 2003 levels, Hoak writes in her story. That's just one reason the Harvard University's Joint Center for Housing Studies calls the market's outlook "sobering."

But others are saying "opportunity." A story by our colleagues at The Wall Street Journal describes several reasons why now is a great time to buy a home.

Read those stories, plus find out why Chuck Jaffe says investors should think of risk as a chance to win, not just lose.

Andrea Coombes , Personal Finance editor

REAL ESTATE

Cheaper homes hit hardest by price declines

The values on the country's most modestly priced homes fell steeper than their upscale counterparts during the downturn, according to a report released Monday by Harvard University's Joint Center for Housing Studies.
Read more: Cheaper homes hit hardest by price declines.


Why it's time to buy a home

Back in June 2006, when the housing market peaked, the prospect of a five-year national housing bust seemed unimaginable to most people. And yet here we are, with the latest Standard & Poor's Case-Shiller index showing that prices hit new bear-market lows, falling back to 2002 levels nationally and to 1990s levels in some battered regions.
Read more: Why it's time to buy a home.


SAVING & SPENDING

Help from family has its costs

Since borrowing $8,000 from his older brother and $2,000 from a friend to start a jewelry business, Andres Arango says both relationships have soured.
Read more: Help from family has its costs.


ECONOMY & POLITICS

Geithner urges global capital rules for swaps

Treasury Secretary Timothy Geithner urges global regulators to develop common standards to ensure that institutions trading in the uncleared derivatives market have sufficient collateral, or margin, to weather future economic crises.
Read more: Geithner urges global capital rules for swaps.


Failed Fed nominee didn't get Nobel for politics

The political process may be harsh but that doesn't mean the Senate shouldn't vet nominations to the Federal Reserve, writes Steve Goldstein
Read more: Failed Fed nominee didn't get Nobel for politics.


Diamond exits fight for Fed board seat

Peter Diamond, the Nobel prize winning economist, has announced that he will not pursue his nomination to the Fed board of governors in face of strong Republican opposition.
Read more: Diamond exits fight for Fed board seat.


INVESTING

It's not the end of the world as we know it

This week's market selloff has brought a sloth of bears out of hiding. All of a sudden, they have plenty of ammunition.
Read more: It's not the end of the world as we know it.


Economy points down, takes market with it

With summer around the bend, investors are fretting about the return of something much more unpleasant: the bear market.
Read more: Economy points down, takes market with it.


Investors need to take a chance on risk

Most people don't understand risk. They see it as a chance to lose. In fact, risk is a chance to win. Or, as described in one of the more interesting research papers to cross my desk in a long while, "risk is payment for a chance to reach our aspirations."
Read more: Investors need to take a chance on risk.


Airlines ‘robbed' again

Rising fuel costs prompt a trade group to slash profit forecasts. But the industry is far better prepared to meet the challenge than during the pervious oil-price spike.
Read more: Airlines ‘robbed' again.


Why Asia? It's ‘where the money is'

The world's most populous region is the place to watch for innovation and opportunity, writes columnist Ben Weiss in his debut column for MarketWatch.
Read more: Why Asia? It's ‘where the money is.'


Goldman hedges its mortgage hedges

Goldman's current defense of its actions during the 2007 meltdown of the mortgage industry flies in the face of immense profits it made during that time, writes David Weidner.
Read more: Goldman hedges its mortgage hedges.


Five down weeks stir crash whispers

Five down weeks on Wall Street has some investment letters speaking about another stock-market crash, reports Peter Brimelow.
Read more: Five down weeks stir crash whispers.


Soros is selling his gold — should you too?

Every bubble has a blow-out phase — a moment when the price goes through the roof. Gold hasn't gotten there yet, writes columnist Matthew Lynn.
Read more: Soros is selling his gold — should you too?

Financial & Forex Info | The Australian Capital Circle: Carbon tax and refugees continue to hurt Labor




Capital Circle Newsletter

Carbon tax and refugees continue to hurt Labor
 
As Julia Gillard heads to the red centre, Wayne Swan will set out the government's carbon tax case.

The PM's Diary: Julia Gillard was wheels up on the VIP at 6am, flying to Alice Springs. She arrives at 9am and will spend about six hours in the Alice before flying to Darwin for the night. The PM will visit a children's learning centre and the Hidden Valley town camp while in Alice. In her first visit to Alice as PM, she will also open an $8 million housing facility called Percy Court. (report)
Tony Abbott is in Brisbane today campaigning against the carbon tax.
Top of the papers is Treasurer Wayne Swan's address to the National Press Club. The Australian reports Mr Swan will be unveil Treasury modelling that predicts Australia's income will be $8000 a person higher by 2020 with a $20 a tonne carbon price. The Sydney Morning Herald says the release of another snippet from the long-awaited carbon tax modelling has infuriated the Greens and independents who have not been shown the data.
Rates: The Reserve Bank will meet today to decide on whether to raise interest rates. With job ads down 6.5 per cent and underlying inflation at its lowest level in six and a half years, most economists expect rates will remain on hold.
Ambushed: Tony Abbott was shown spruiking a carbon tax in an old interview (video here) aired on the ABC last night. "If you want to put a price on carbon, why not just do it with a simple tax?" Mr Abbott argues. (ABC report). Education spokesman Christopher Pyne was on the spot and asked about Mr Abbott's comments. His response: "You asked
Read more...

Financial & Forex Info | Kitco New York Market Close Report



 

New York Market Close Jun 06/11 05:23 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1543.90
1544.90
1.50
0.1%
1540.30
1554.80
Silver
36.80
36.90
0.51
1.41%
36.29
37.41
Platinum
1810.00
1815.00
-5.00
-0.28%
1806.00
1838.00
Palladium
786.00
791.00
3.00
0.38%
780.00
803.00

The Washington Post | Post Politics Afternoon Edition: Anthony Weiner admits he sent lewd photo of himself.

The Washington Post

Politics Afternoon Edition

HEADLINES

  1. Anthony Weiner admits he sent lewd photo of himself

    Rep. Anthony Weiner (D-N.Y.) said Monday that he had lied about the origins of a lewd photo sent from his personal Twitter account nine days ago and that he will not resign from office because of the scandal.
    » Read full article
  2. Fact Checker: Sarah Palin’s midnight ride

    What she got right and wrong about Paul Revere’s ride in 1775.
    » Read full article
  3. Santorum kicks off campaign in Pennsylvania

    Former senator Rick Santorum (R-Pa.) made his presidential campaign official on Monday, pitching himself to supporters in his home state as the antidote to big government and President Obama’s agenda.
    » Read full article
  4. 44: White House meeting on Afghanistan as withdrawal deadline nears

    President Obama meets with his national security team to discuss the war in Afghanistan less than a month before announcing if and how he will abide by his pledge to start the drawdown of troops in July.
    » Read full article
  5. Federal Eye: House Republicans unveil plan to cut federal workforce

    Three leading House Republicans on Monday unveiled the details of plans to trim the workforce by 10 percent by 2015 and fulfill a key element of the House GOP’s 2012 budget proposal.
    » Read full article

BEHIND THE GOVERNMENT SHOWDOWN

Sign up for daily e-mail updates on the federal budget showdown

QUOTE OF THE DAY

Fox News Chairman Roger Ailes in an interview with Newsweek (hat tip to Political Wire):
"I'd like to hire Hillary Clinton. She looks unhappy at the State Department. She'd get ratings."


COMMENT OF THE DAY

karlmarx2, on Sandhya Somashekhar's "Conservative women enthusiastic about Bachmann, Palin" story:
Those conservative women can go ahead and be enthusiastic. If they don’t see how unelectable Palin and Bachmann are, that’s their problem, not mine.


Q&A DISCUSSIONS

The Fix's Chris Cillizza was online at 11 a.m. ET to discuss head-to-head matchups submitted by readers:
Q: In your opinion, would the Republicans actually allow the country to default instead of raising taxes as part of a budget reduction plan?
Chris Cillizza:
I don't think so.
» View full Q&A session


MULTIMEDIA

Screen grab with an image of former Sen. Rick Santorum
Video: Santorum enters GOP presidential race
Joining an already crowded field, former senator Rick Santorum (Pa.) officially launches his campaign for the 2012 Republican presidential nomination.

CBS NEWS | Political Hotsheet Top Stories : Pressure mounts on Weiner as new photos emerge


The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
Democratic Congressman to hold news conference Monday afternoon after conservative website publishes more photos
Read full story
Pressure mounts on Weiner as new photos emerge

Both parties dig in on Medicare demands Democrats and Republicans in Congress send opposing letters over Medicare reform, as debt limit talks continue

Rick Perry hosting prayer event for America Texas governor possibly considering presidential run says hope for America "lies in heaven, and we will find it on our knees"

Rick Santorum kicks off 2012 presidential bid Former Pennsylvania senator suggests health care law means government will demand more power in exchange for access to care

More details of scuttled Edwards plea deal emerge John Edwards was offered a misdemeanor plea deal before indictment, according to reports

The Economist | Selected New Articles: The Death Of Ilyas Kashmiri / Portugals Elections / Peru' Presidential Election / Buttonwood.... and more



The death of Ilyas Kashmiri: Droning on

Portugal's election: That was the easy bit

Peru's presidential election: Second time's the charm

Video: Through a lense digitally

Buttonwood: Dividing the spoils

Daily chart: Light-weight BRICS

Online debate: Is splitting up big banks a bad idea?

Financial & Forex Info | Reuters - Daily Investor Update. Wall Street hits 2-1/2 month low on economic worry.








News
LATEST NEWS
Wall Street hits 2-1/2 month low on economic worry
NEW YORK (Reuters) - The S&P 500 extended its slide to a fourth day on Monday, hitting its lowest level since March 18, as a spate of recent weak U.S. data lent support to a bearish outlook for the economy. | Full Article

Lehman entitled to disputed collateral, judge says
June 06, 2011 03:20 PM ET
NEW YORK (Reuters) - Lehman Brothers Holdings is entitled to $4 billion of disputed margin collateral assets in its legal fight with Barclays Plc , a bankruptcy judge ruled on Monday. | Full Article
White House: "obstructionism" sank Fed nominee
June 06, 2011 01:14 PM ET
WASHINGTON (Reuters) - The White House said on Monday it was disappointed Nobel Prize winner Peter Diamond's nomination to be a Federal Reserve governor was thwarted by "partisan obstructionism" and promised to name a new candidate soon. | Full Article
ECB expected to signal July rate increase
June 06, 2011 02:35 PM ET
FRANKFURT (Reuters) - The European Central Bank is likely to signal a July interest rate rise on Thursday while continuing to provide banks with unlimited amounts of cash to help weaker lenders hit by the euro zone debt crisis. | Full Article
Greece starts austerity push as nation seethes
June 06, 2011 03:44 PM ET
ATHENS (Reuters) - Greek Prime Minister George Papandreou started a campaign on Monday to secure a new international bailout by imposing years of austerity on a nation already seething over corruption and economic mismanagement. | Full Article

NYT: Afternoon Update Top News & Multimedia: Syria, Claiming 80 Officers Killed, Hints at Retaliation



TOP NEWS

Syria, Claiming 80 Officers Killed, Hints at Retaliation

By LIAM STACK and J. DAVID GOODMAN
Syria's state news agency on Monday said that residents were "pleading" for the army to intervene after the attacks, which could not be verified.

5 American Soldiers Are Killed in Iraq

By JACK HEALY and MICHAEL S. SCHMIDT
There was no claim of responsibility for the rocket attack, which came as Iraqis debate whether to ask some troops to remain after a scheduled pullout.

Libyan Rebels Retake Town in West

By JOHN F. BURNS
After a series of NATO strikes, rebels on Monday broke a siege by Qaddafi forces of the town of Yafran.

Steeper Pullout Is Raised as Option for Afghanistan

By DAVID E. SANGER, ERIC SCHMITT and THOM SHANKER
President Obama's national security team is pondering greater troop reductions, with some officials saying the rising cost of the war and the death of Osama bin Laden justify a change.

Yemen's Leader Is Said to Plan Return 'in Days'

By NEIL MacFARQUHAR
The acting leader of Yemen said that Ali Abdullah Saleh's health had improved.
Multimedia

Video: TimesCast

Syrian state TV reports armed gangs killed 80 officers; Egyptians commemorate the anniversary of a man's killing by the police that helped spark the revolution; and Yemen's uncertain future.
Opinion

Opinionator | The Stone

In Search of the True Self

Is it our desires or our values that determine who we "really" are?
BUSINESS

NYT: Afternoon Business News: Apple Unveils a 'Cloud' Music and Storage Service



BUSINESS

Apple Unveils a 'Cloud' Music and Storage Service

By MIGUEL HELFT
"We are going to move the digital hub, the center of your digital life, into the cloud," said Steven P. Jobs at the opening of Apple's Worldwide Developers Conference.

With Rebuke of Senate Republicans, Fed Nominee Withdraws

By BINYAMIN APPELBAUM
Peter A. Diamond, a professor at M.I.T., wrote in a column about "how little understanding of monetary policy" there is among some in Congress. Republicans said he lacked necessary qualifications.

China Rejects Google's Hacking Charge

By MICHAEL WINES
Charges last week that Chinese hackers singled out influential users of Gmail were met with withering scorn in an editorial published in the official party newspaper.
DealBook

DealBook Portraits: Laurence D. Fink

By SUSANNE CRAIG and MAC WILLIAM BISHOP
In the latest DealBook Portrait, Laurence Fink of BlackRock talks about his fallout with Blackstone's Stephen Schwarzman, his failed attempts to get a job at Goldman Sachs and his early trading stumble.

Siemens Sues Samsung and LG Over LED Patents

By KEVIN J. O'BRIEN
The step is unusual in a sector marked by cross-licensing pacts.

MarketWatch | Market Pulse: Int'l Paper offers $30.60/share for Temple-Inland

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


By Sue Chang  

SAN FRANCISCO (MarketWatch) -- International Paper IP +3.24% said late Monday it offered to buy Temple-Inland TIN +42.79% for $30.60 a share in cash. International Paper had initially made an offer on May 17 but was informed over the weekend that Temple-Inland's board rejected the proposal. In response, International Paper earlier Monday sent a letter to Temple-Inland expressing its continued interest in pursuing a deal. However, the latest offer was again rejected by Temple-Inland. The offer represented a 44% premium to Temple-Inland's trading price of $21.21 as of mid-day Monday. Temple-Inland closed at $21.01 a share, down 3.14%. 

MarketWatch | Market Pulse: Stocks drop for fourth day; S&P 500 below 1,300





By Laura Mandaro 
 
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
2%
1%
0%
-1%
-2%
10a
11a
12p
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SAN FRANCISCO (MarketWatch) -- U.S. stocks extended their losing streak to a fourth straight session Monday, pulled lower by falling financial and energy stocks, and a turn lower in Apple Inc. shares. The Dow Jones Industrial Average DJI -0.50% ended down 61.3 points, or 0.5%, to 12,089.96, with all but seven of 30 components lower. The S&P 500 SPX -1.08% fell 13.99 points, or 1.1%, to 1,286.17, closing below 1,300 for the first time since March 23. Energy and financial subsectors led declines with 2% losses each as oil ended below $100 a barrel and banks were pressured by worries over capital requirements. The Nasdaq Composite COMP -1.11% ended down 30.22 points, or 1.1%, to 2,702.56, weighed by a 1.6% drop in Apple AAPL -0.04%