Ms. Park will be the Guest Portfolio Manager on BNN tomorrow, Wednesday May 28 at 9:20 am. The clip is available afterwards for a few days on the BNN web site here.   more »

I was listening to the ever bullish Larry Kudlow in New York a couple of weeks ago and he was saying that he believed the housing recession was over-blown and really limited to a few specific areas. No doubt Larry lives in a bit of a bubble, but one has to wonder how (or why) an economist could espouse this optimistic belief despite the hard cold data. Today we got the next instalment in the Case-Schiller housing Index showing us house price results to the end of March 2008.



A few months back I noted that the accelerating pace of house price declines suggested this Index would be "off scale" by the time we received the March-April data. This month the lower scale was infact extended to -16% in order to accomodate the read below the previous bottom of -15...   more »

Oppenheimer's Meredith Whitney was on Bloomberg this morning explaining how the credit crunch will continue to impact banks and the broader economy over the months ahead.

Whitney is one of my favourite analysts. She is bright, well-informed, and has been refreshingly forthright in calling bullshit foul on the shell game that has supported financial profits over the past few years. She was one of the earliest Wall Street analysts to sound the alarm. She is also very good at breaking the complexity down into real life terms.

Watch the clip here   more »