Best of the Blogs: Freddie Mac Gets Paid to Obstruct Refinancings
Minyanville's daily roundup of some of the best financial commentary from around the Web.
Link: Freddie Mac Gets Paid to Obstruct Refinancings
Back in September I noted that mortgage bonds are trading well above par just because investors are well aware that refis are hard to come by for many homeowners, and said that those investors were "taking unfair advantage of the fact that homeowners are locked into above-market mortgage rates". What I never dreamed of was that the investors and the rule-setters were the same people - in this case, Freddie Mac.
Link: Federal Pay vs. Private Sector Compensation
Are federal workers really overpaid? Public sector pay is a subject of long-simmering dispute - examined in previous posts on this blog. Many right-leaning organizations argue that federal workers make more than their private-sector counterparts and that the disparity is growing. Many left-leaning research groups and labor groups argue that the idea that Washington overpays workers is a myth, and that superficial disparities in compensation are due to public employees' greater tendency to have advanced degrees and to be older.
All Things D
Link: Pulse Creates a One-Stop Shop for Election News
Want to pull yourself out of the "filter bubble" and read political news from a wide variety of sources? You might try Pulse's new election section. The mobile news-reading app has compiled some 25 political news outlets, including some significant ones it didn't previously offer, like Fox News and the New Republic.
Link: Under CEO Dick Costolo, Twitter is Growing Up
In its gradual rise from scrappy start-up to a global communications platform, Twitter has long faced crisis after existential crisis. What kind of company is it? How do we become profitable? What the hell do people use Twitter for, anyway? Since 2006, these questions have persisted, plaguing a company still getting its legs in the Valley. (Also Read Twitter Valued at $8 Billion in Latest Funding Round.)
Real Time Economics
Link: A Look at Case-Shiller by Metro Area
The composite 20-city home price index, a key gauge of U.S. home prices, dropped 1.3% from October and fell 3.7% from a year earlier. Nineteen cities posted monthly declines, with just Phoenix showing an increase. Atlanta, Las Vegas, Seattle and Tampa posted new index level lows. (For related content, see 12 Housing Themes for 2012.)
Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter