Weekend Reads

Existing Home Sales Rise 14.5% Year-Over-Year In November – Continued improvement in home sales data

Igloo Adding A New 420,000 Square-Foot Warehouse Near Katy Area Headquarters - More Katy area development

Fed Truncates Non-Performing Loan Data Series – Transparency Makes Non-Performing Loans Disappear.  LOL!

Stop Manipulating Bank Earnings With Loan-Loss Reserves – Nothing to see here

LPS First Look: Mortgage Delinquencies Increased In November – Plenty of shadow inventory remaining

The Upside of the Fiscal Cliff – Why doing nothing beats doing something stupid

Fed’s $4 Trillion Rescue Helps Hedge Funds, Hurts Savers – “Damn unfair, and it doesn’t work either.”

Let’s Eliminate Sports Welfare – Yes, Virginia. Professional sports teams are huge welfare queens.