TodaysFinancialNews.com LLC » John Stepek

Should the government bailout real estate?

John Stepek — Fri, 29 Aug 2008 15:21:50 +0000

"In the wake of a bubble popping, you often hear another phrase, which may well qualify as the second-most expensive four words in the English language. And we’re hearing it more and more from the property pundits, politicians and City hotshots who stand to lose most from [...]

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Post tags: bailout, bubble, government intervention, homebuilders, john Stepek, property, Real Estate, realtors, tech stocks

Buy these funds and ETFs to profit from the biotech merger boom

John Stepek — Fri, 22 Aug 2008 15:01:32 +0000

"There have been a mass of deals in the U.S., while on this side of the Atlantic, a number of attractive little biotech stocks have been approached or agreed to bids in the last couple of months." — John Stepek Blogger’s note: You probably heard about the $43 billion Roche (RHHBY:OTC) bid [...]

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Post tags: big pharma, biotech, dna, etf, fund, genentech, john Stepek, Moneyweek, pharmaceutical, rhhby, roche

Now is not the time to become a landlord in the U.S. or UK

John Stepek — Tue, 19 Aug 2008 14:43:21 +0000

"All those poor old first-time buyers are being forced to rent because those mean banks won’t let them borrow enough money to buy a home. And people who do manage to sell their homes, aren’t looking to buy again until the market stops crashing. So that means that demand for rental property is rising, which [...]

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Post tags: buy to let, first time buyer, higher rents, john Stepek, landlord, Moneyweek, Real Estate, rental, renter

Russia-Georgia War was caused by the global credit crunch

John Stepek — Tue, 12 Aug 2008 15:04:47 +0000

"The end of the easy money era and the war in Georgia don’t, at first glance, seem to have an obvious connection. But they are linked." — John Stepek Blogger’s note: Want to know who caused Russia’s war against Georgia? Well, you could say Allan Greenspan started it. Or you could blame [...]

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Post tags: alan greenspan, credit crunch, georgia, goldman sachs, jim o'neill, john Stepek, moscow, putin, russia, war

Oil Prices Don’t Control the Recession

John Stepek — Mon, 11 Aug 2008 16:07:12 +0000

"Can the collapse in oil prices save the economy from recession? Sadly not. The rising oil price was a symptom, not a cause, of the unchecked global boom that lead us here. And the fact that it’s falling now is merely a sign that we’re already in the grip [...]

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Post tags: consumer spending, dollar, dow jones, inflation, interest rates, oil prices, recession, us market

Think the British Banks Hit Bottom? You’re Wrong

John Stepek — Tue, 05 Aug 2008 15:37:07 +0000

"It’s not true that no one saw the credit crunch coming. Sure, we may not have known exactly how the blow-up would manifest itself. But it was obvious to many people in the City and on Wall Street that something had to give." — John Stepek by John Stepek [...]

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Post tags: asset management, banks, credit crunch, john Stepek, odey, short

Has Real Estate Hit Bottom?

John Stepek — Mon, 28 Jul 2008 15:32:59 +0000

“Could we be on the verge of a turnaround? The weekend press was full of the news that some mortgage lenders are actually starting to trim rates. A few commentators even suggested that it was nearly time to go bargain hunting.” — John Stepek Blogger’s note: The real estate [...]

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Post tags: Bank of england, hometrack, house prices, john Stepek, lender, mortgage, property, Real Estate

IndyMac (IDMC) First of Many Banks to Fail

John Stepek — Tue, 15 Jul 2008 14:45:01 +0000

“Don’t let the name ‘regional banks’ fool you. We’re talking about some of the biggest banks in the US. The reality is that regardless of how much money the U.S. government pumps into Freddie and Fannie, the U.S. financial system is in big trouble.” — John Stepek Blogger’s note: The Fed may have decided that Fannie [...]

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Post tags: fannie mae, fdic, Fed, federal deposit insurance corporation, federal reserve, fnm, fre, freddie mac, idmc, indymac

Why This Housing Bubble Is Different

John Stepek — Mon, 07 Jul 2008 16:43:01 +0000

“First they had the housing boom. Then they had the foreclosure boom. And that, it seems, has lead to a boom in arson.” — John Stepek Blogger’s note: John Stepek of UK’s MoneyWeek had some great insight on the housing bubble. He told readers of his free email Money Morning UK [...]

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Post tags: arson, foreclosure, housing bubble, john Stepek, Moneyweek, Real Estate

Oil Prices Are in a Bubble, a GOOD Bubble

John Stepek — Mon, 23 Jun 2008 17:52:47 +0000

“In the meantime, we should look on the bright side, even as we wince at the petrol pump. Because if the current oil price is indeed a bubble, it’s a good bubble.” — John Stepek by John Stepek Blogger’s note: John Stepek, deputy editor of MoneyWeek in the UK, recently sent out this interesting piece to his [...]

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Post tags: bubble, gordon brown, jeddah, oil prices, petrol, saudi arabia, uk