February 2015: Unofficial Problem Bank list declines to 357 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for February, 2015. Changes and comments from surferdude808: Very busy week for the Unofficial Problem Bank List as the FDIC closed a bank and provided an update on its enforcement actions through January 2015. There were… Read More..

Lawler on Pending Home Sales: NAR “Fixes’ Bad Data for West Region

From housing economist Tom Lawler:The National Association of Realtors reported that its Pending Home Sales Index, designed to gauge contract-signing activity on MLS-based existing home sales, increased by 1.2% on a seasonally adjusted basis from December to 104.2 in January. A value of 100 is equal to the average level of contract activity in 2001.There… Read More

Bank Failure #4 in 2015: Doral Bank, San Juan, Puerto Rico

From the FDIC: Banco Popular De Puerto Rico, Hato Rey, Puerto Rico, Assumes all of the Deposits of Doral Bank, San Juan, Puerto RicoAs of December 31, 2014, Doral Bank had approximately $ 5.9 billion in total assets and $ 4.1 billion in total deposits. ... The FDIC estimates that the cost to the Deposit… Read More

London Value Investor Conference, 20th May: Featuring Charles Brandes, Dato’ Cheah Cheng Hye and Neil Woodford

[Sponsored Post] The London Value Investor conference is the largest gathering of Value Investors in Europe and is Moderated by Richard Oldfield and David Shapiro. It will take place on Wednesday 20th May at the Queen Elizabeth II Conference Centre in Westminster, London. The conference will feature well known investors such as Charles Brandes, Dato’ CHEAH Cheng… Read More

Best Practices in Trading: The Power of Elimination

When I first tried my hand at developing quantitative models of markets, I was impressed by the predictive power I could gain by adding more predictors to my equations.  Of course, that worked just fine on an in-sample basis, but completely fell apart when applied out-of-sample and especially in real time.  Why?  Because the complicated… Read More

Tomorrow: Don’t Miss Free Webinar “Portfolio Construction, Concentration, and Diversification for Value Investors”

Tomorrow I’m hosting the live webinar “Portfolio Construction, Concentration, and Diversification for Value Investors.”  There are only a few spots available in the room. The webinar will focus on portfolio construction and position sizing for value investors, including the philosophy of concentrated investing and the application of Kelly theory. The webinar is tomorrow at 7pmET. Click… Read More

Yellen’s Questions and Answers Sessions

As we have already reported, Janet Yellen testified two days ago to the Senate Banking Committee. Yesterday the Fed's chair submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives. Recent Commentaries | Safehaven.com… Read More

Commodities Set To Plunge Below 2008 Lows

This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar. Recent Commentaries | Safehaven.com… Read More

Comments on New Home Sales

Earlier: New Home Sales at 481,000 Annual Rate in January, Highest January since 2008Here is an updated table of new home sales since 2000 and the change from the previous year, including the revisions for the last few months.  Sales in 2014 were only up 1.9% from 2013.New Home Sales (000s)YearSales Change2000877-0.3%20019083.5%20029737.2%20031,08611.6%20041,20310.8%20051,2836.7%20061,051-18.1%2007776-26.2%2008485-37.5%2009375-22.7%2010323-13.9%2011306-5.3%201236820.3%201342916.6%20144371.9%There are two ways… Read More