The Big Picture

Bank Lending Channels During the Great Recession
Famous Movie Quotes as Charts
Around The World Social, Digital & Mobile
Cash Purchases Spike as Interest Rates Rise
Bloomberg TV: Market Correction, Marijuana, Davos
10 Weekend Reads
Digging Deep Into a Nearby Galaxy

Bank Lending Channels During the Great Recession

Posted: 26 Jan 2014 02:00 AM PST

Famous Movie Quotes as Charts

Posted: 25 Jan 2014 04:00 PM PST

Source: Flowing Data

Around The World Social, Digital & Mobile

Posted: 25 Jan 2014 02:00 PM PST

Social, Digital & Mobile Around The World (January 2014) from We Are Social Singapore

Cash Purchases Spike as Interest Rates Rise

Posted: 25 Jan 2014 09:30 AM PST

Source: RealtyTrac

The chart above comes form the RealtyTrac Residential & Foreclosure Sales Report. It should come as no surprise that as rates rise, so too do all-cash purchases.

There are a few significant factors worth noting:

1) Last year, institutional investor purchases for residential properties (single family homes, condominiums and townhomes) accounted for 7.3 percent of all U.S. residential property purchases. This is up from 5.8 percent from in 2012 and 5.1 percent in 2011.

2) Median price of a distressed residential property — in foreclosure or bank-owned — was 38 percent below non-distressed property median ($108,494 versus $174,401) in December.

3) Bank-owned properties (REO) accounted for 9.3 percent of all U.S. residential sales last month, essentially unchanged from a year earlier (9.2 percent in December 2012).

Bloomberg TV: Market Correction, Marijuana, Davos

Posted: 25 Jan 2014 06:30 AM PST

Ritholtz Wealth Management CIO Barry Ritholtz and Greylock Capital Management Chairman and CEO Hans Humes discuss stocks dropping, the situation in Argentina and selloff in emerging market currencies. They speak with Trish Regan and Mark Crumpton on Bloomberg Television's "Street Smart."

Market Correction or Are We Just Taking a Breather?

Bloomberg, January 24 2014

~~~

Bloomberg View Columnist Barry Ritholtz discusses banking and financial services for legalized marijuana on Bloomberg Television’s “Street Smart.”

Opening Banking Services to the Pot Industry

Bloomberg, January 24 2014

~~~

Bloomberg View Columnist Barry Ritholtz discusses the relevancy of this weeks World Economic Forum Davos, Switzerland on Bloomberg Television’s “Street Smart.”

Is Davos Still Relevant?

Bloomberg, January 24 2014

10 Weekend Reads

Posted: 25 Jan 2014 04:00 AM PST

My longer form reads to start your weekend:

• Indecision is sometimes the best way to decide (Aeon)
• Most Germans don't buy their homes, they rent. Here's why (Quartz)
• The Techtopus: How Silicon Valley’s most celebrated CEOs conspired to drive down 100,000 tech engineers’ wages (Pando Daily)
• Swedroe: The Sad Truth About Hedge Funds (Index Universe)
• On Breaking One’s Neck by Arnold Relman (New York Review of Books)
• The death of pop: don't blame it on the download (Spiked Online)
• Segregating Bitcoin’s value systems (Dizzynomics)
• New Old Keynesianism (Crooked Timber)
• "Marriage promotion" is a destructive cargo cult (Interfluidity)
• How to Read A Book (Farnam Street)