The DOL reports: In the week ending May 18, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 23,000 from the previous week’s revised figure of 363,000. The 4-week moving average was 339,500, a decrease of 500 from the previous week’s revised average of 340,000. The previous week was revised...
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The Buy and Hold methodology, as it is applicable to property, is and always has been the cause for making more millionaires than any other method. The main reason is really because it lets you develop equity through appreciation over a period of time. There are numerous short term techniques like lease-options, wholesaling, and...
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From 6:30 to 8:00 PM ET, the will be a live stream of professors Tony Atkinson and Paul Krugman discussing inequality and growth at CUNY. The dialogue will be moderated by Chrystia Freeland. As we endure the slow, uneven recovery from the “Great Recession,” there is no more critical or timely question than that...
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This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for May 17, 2013. Changes and comments from surferdude808: As anticipated, the OCC released its enforcement action activity through mid-April 2013 this Friday. What we did not anticipate was an early week failed-bank closure...
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From the WSJ: To Buy Bonds or Not to Buy: Fed Hawks, Doves Air Views The presidents of the Dallas, Richmond and Philadelphia Federal Reserve banks, long skeptics of the wisdom of the bond buying, said this week that they would like to see the purchases scaled back immediately. And San Francisco Fed President...
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As a member of our Investor Network, you know that I am a big fan of Robert Kiyosaki’s message and mission. Robert is the best selling financial author in the history of the world.  And now he’s released what he claims to be “the most important book I’ve ever written.“ The world’s educational system...
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The self-directed Solo 401k retirement plan offers powerful advantages for real estate investing. The Individual k or Solo 401k is an IRS-qualified retirement plan that has been simplified for the self-employed and small business owner. The structure of the plan gives participants more options than a traditional 401k. The Solo 401k’s investment capability, direct...
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With Inland Empire foreclosures at pre-recession lows, Riverside County’s foreclosure rate dropped to No. 21 statewide in April. A total 1,403 mortgage default notices, auction sale notices and bank repossessions were recorded in April, meaning 1 in 566 households was in some stage of foreclosure, according to Irvine-based RealtyTrac. Of those, 45 were from...
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Monday economic releases: • At 8:30 AM ET, Retail sales for April will be released. The consensus is for retail sales to decline 0.3% in April, and to decline 0.1% ex-autos. Note: Some of the decline will be due to lower gasoline prices. • At 10:00 AM, Manufacturing and Trade: Inventories and Sales (business...
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From the FDIC: Capital Bank, National Association, Rockville, Maryland, Assumes All of the Deposits of Pisgah Community Bank, Asheville, North Carolina As of March 31, 2013, Pisgah Community Bank had approximately .9 million in total assets and .2 million in total deposits. … The FDIC estimates that cost to the Deposit Insurance Fund will...
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