Best Financial Stories for August 27, 2010

Real Estate
Foreclosures, delinquencies drop but may climb again
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082605686.html

'Overwhelming Supply' Affecting Housing Market: Radar Logic
http://www.housingwire.com/2010/08/26/overwhelming-supply-housing-market-radar-logic

Barclays Capital Expects Home Prices to Dip Another 7%
http://www.housingwire.com/2010/08/26/barclays-capital-expects-home-prices-to-dip-another-7

A Beneficiary of the Housing Bust: Apartment REITS
http://www.time.com/time/business/article/0,8599,2013302,00.html?xid=rss-business&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+time/business+(TIME:+Top+Business+Stories)

REIT Defaults May Be All Right
http://www.smartmoney.com/investing/stocks/reit-defaults-may-be-all-right/

REITs in US rush to refinance $2.5 trillion
http://www.theaustralian.com.au/business/property/reits-in-us-rush-to-refinance-25-trillion/story-e6frg9gx-1225910074247

Pittsburgh's hotel market projected to see sight gains
http://www.bizjournals.com/pittsburgh/stories/2010/08/23/daily33.html?ana=e_du_pub


Economy
Among Democrats, economic pressures are changing tax-cut dynamics
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082605951.html?wpisrc=nl_wonk

Flow of imports drags down economic growth
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082606375.html?wpisrc=nl_wonk

This Is Not a Recovery
http://www.nytimes.com/2010/08/27/opinion/27krugman.html?_r=1&wpisrc=nl_wonk

David Brooks praises Germany's long-term economic planning
http://www.nytimes.com/2010/08/27/opinion/27brooks.html

Why another fiscal stimulus won't do
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082605262.html?wpisrc=nl_wonk

Q2 GDP revised to annual rate of 1.6% growth, imports rose 32.4%
http://www.housingwire.com/2010/08/27/q2-gdp-revised-to-annual-rate-of-1-6

Moody’s Zandi Discusses U.S. Double-Dip Recession Risk
http://www.ritholtz.com/blog/2010/08/moodys-zandi-discusses-u-s-double-dip-recession-risk/

Roubini Says Fed Is ‘Running Out of Policy Bullets’
http://noir.bloomberg.com/apps/news?pid=20601087&sid=ayT1k1k27Buc&pos=4

Bernanke Says Fed Ready to Provide Stimulus If Needed
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a2.bEs8V2e.g&pos=1

El-Erian Says ‘Alarming’ Data Show Economy Slowing
http://noir.bloomberg.com/apps/news?pid=20601087&sid=auENo94RRWNk&pos=4

El-Erian: How to read Bernanke’s Jackson Hole Speech
http://ftalphaville.ft.com/blog/2010/08/27/328906/el-erian-how-to-read-bernanke%e2%80%99s-jackson-hole-speech/


Reinhart’s Seven More Years of High Unemployment Hit Fed Today
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a8l8YKkHr7kU&pos=5

Why Boehner’s Blaming Bureaucrats
http://robertreich.org/post/1016548049/why-boehners-blaming-bureaucrats

The Most Fiscally Irresponsible Government in U.S. History
http://politics.usnews.com/opinion/mzuckerman/articles/2010/08/26/the-most-fiscally-irresponsible-government-in-us-history.html

Robert Shiller Says Double Dip Imminent
http://www.zerohedge.com/article/robert-shiller-says-double-dip-imminent

Rosie's Observations On The GDP Number, On Bernanke's Address, And On The Market
http://www.zerohedge.com/article/rosies-observations-gdp-number-bernankes-address-and-market


Equity Market
Goldman's Technical Update: Bearish, With An "Ultimate H&S Target Of 900"
http://www.zerohedge.com/article/goldmans-technical-update-bearish-ultimate-hs-target-900


The Death of Equities II?
http://seekingalpha.com/article/222579-the-death-of-equities-ii?source=feed

EARNINGS WATCH: ESTIMATES REVISIONS
http://www.news-to-use.com/2010/08/earnings-watch-estimates-revisions.html



Credit Markets
Investors Pull $7.1 Billion From Stock Funds Globally
http://noir.bloomberg.com/apps/news?pid=20603037&sid=aPRxN9th86fU

Close those longs in the bond market!
http://www.investmentpostcards.com/2010/08/27/us-bonds-what-is-the-market-telling-us/

Faber and Schiff: Bond bubble trouble
http://www.investmentpostcards.com/2010/08/27/faber-and-schiff-bond-bubble-trouble/

‘We think the [US Treasury] market is ripe for a pullback’
http://ftalphaville.ft.com/blog/2010/08/27/327976/%e2%80%98we-think-the-us-treasury-market-is-ripe-for-a-pullback/



Sentiment/Options/MoneyFlow

Sentiment is now gloomy enough to support a rally
http://www.marketwatch.com/story/contrarian-take-on-dow-below-10k-2010-08-27

Weekly Visual CFTC Commitment Of Traders Summary - August 27
http://www.zerohedge.com/article/weekly-visual-cftc-commitment-traders-summary-august-27