Posted by on Feb 2, 2012

Fallen Financier and Politico Jon Corzine Lists Hoboken pent...

SELLER: Jon CorzineLOCATION: Hoboken, NJPRICE: $2,900,000SIZE: 2,400 square feet, 2 bedrooms, 3.5 bathrooms YOUR MAMAS NOTES: Shaggy bearded and publicly beleaguered Wall Street financier cum New Jersey politico Jon Corzine, the much in the news subject of a recent profile in Vanity Fair, married for the second time in late 2010 to Sharon Elghanayan, a 60-something year old twice-divorced New York City-based psychotherapist (and “avid kickboxer”) who happens to be the wealthy ex-wife of Henry Elghanayan, a successful property developer and scion to a...

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Posted by on Feb 2, 2012

Starting to Track my Net Worth

I know several other PF bloggers who track their net worth each month. Many even have cool graphs to go with it. In the past, I never did it. In the beginning I chose not to because I figured it would be horribly depressing. Later, because I had most of my assets in my credit union it seemed pointless as well. I could take on look and see almost everything-except my 403(b). Now, I’ve decided to invest more of my money. I am keeping a savings in CA Municipal Bonds. I am contributing the maximum to my Roth IRA, and I am also contributing to my 403(b). Then...

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Posted by on Feb 1, 2012

Constuction Spending: December 2011

Today, the U.S. Census Bureau released their latest read of construction spending showing near-cycle low levels of spending in December for residential construction while indicating continued improvement for total non-residential spending. On a month-to-month basis, total residential spending increased .077% from November and rose 5.29% above the level seen in November 2010 while remaining a whopping 63.34% below the peak level seen in 2006. Single family construction spending increased 1.53% since November and rose 3.62% since December 2010 but remained a whopping 76.41%...

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Posted by on Feb 1, 2012

ISM Manufacturing Report on Business: January 2012

Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity improved in January with assessments of most measures increasing. At 54.1 the purchasing manager’s composite index (PMI) increased 1.88% since December but remained 11.02% below the level seen a year earlier. Respondents indicated that prices are generally stable and show an overall positive outlook for 2012: “Still seeing raw materials pricing moving down in general, but expect inflation later in the...

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Posted by on Feb 1, 2012

ADP National Employment Report: January 2012

Today, private staffing and business services firm ADP released the latest installment of their National Employment Report indicating that the situation for private employment in the U.S. improved in January as private employers added 170,000 jobs in the month bringing the total employment level 1.77% above the level seen in January 2011. Looking at the chart (click for full-screen dynamic version) showing ADP’s total private nonfarm payrolls since 2001 as well as the year-over-year and month-to-month percent change, you can see that while the job recovery had been...

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Posted by on Feb 1, 2012

Reading Rates: MBA Application Survey – February 01 2012

The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages as well as the volume of both purchase and refinance applications. The purchase application index has been highlighted as a particularly important data series as it very broadly captures the demand side of residential real estate for both new and existing home purchases. The latest data is showing that the average rate for a 30...

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