Of the 11 million homeowners who owe more on their homes than the home is worth, approximately 6.5 million have never missed a payment reported Dale Westhoff of Credit Suisse Group AG. Meanwhile subprime borrowers who received mortgage modifications (like reduced payments of more than 40%) in 2010 had a payment default rate of 19% [...]
Read more...
US companies measured by the Standard and Poor’s (S&P 500) have had about a 16% increase in their earnings, yet prices are about the same as they were a year ago. Hard to believe right? Many US Businesses are performing at an exceptional level. Companies have innovated to grow their top line sales by [...]
Read more...
hyperbole – hy-PUR-bə-lee – an exaggeration to create emphasis or effect. Washington’s latest legislation – the one extending the payroll tax cut for 2 months – could be one of the worst pieces of legislation ever passed. Republicans supported the bill thinking they would lose votes if they didn’t support something. Democrats got their payroll [...]
Read more...
Source: Brian S. Wesbury – First Trust Economics LPL Research The Wall Street Journal Date: 11/28/2011 Lead in: Watch what people do not what they say. Sales for the full first weekend of holiday shopping – Thursday through Sunday – are up 16.4% versus a year ago according to the National Retail Federation. The [...]
Read more...I believe there is a “pendulum effect” in so many areas of our world. Some may call it “a lemming effect”, but pendulum sounds so much better. Let’s consider “pendulum effects”: Think about the Pendulum Effect in today’s ability to finance a home. It seems as though it was just a couple years ago when [...]
Read more...Copyright 2011. Prosperion Financial Advisors. All Rights Reserved.
Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA / SIPC. The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: AL, AR, AZ, CA, CO, CT, FL, GA, IA, ID, IL, KS, KY, LA, MA, MD, ME, MI, MN, MO, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, TN, TX, UT, VA, WA, WI & WY.
