The latest data from Zillow indicate that American homes will have lost more value by the end of this year than they did in 2009 – down a total of $1.7 trillion in 2010 vs. a $1 trillion decline a year ago. Richard Florida produced a helpful chart of the 2010 decline by region (click to enlarge), showing how uneven the fall was this year – four regional areas were actually up:
Companies are putting their public offering plans on hold
The Fed is no longer pumping massive amounts of money into the markets
There will be three large Treasury settlements on Tuesday, Thursday, and Friday. One can only make an educated guess as to where the funding will come from. Will the reserves take a hit?
Julia Roberts was reportedly paid about $1.5m for this 45 second spot for Lavazza. That’s $250k per smile.
