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Senate is set to vote tonight on an amended bailout bill, which includes temporarily raising the FDIC deposit insurance to $250k and continuing some tax breaks for corporations and individuals.  Apparently some in the House are working on an amended bill as well.  No House vote is scheduled yet....
10/01/2008
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Senate is set to vote tonight on an amended bailout bill, which includes raising the FDIC deposit insurance to $250k and continuing some tax breaks for corporations and individuals.  Apparently some in the House are working on an amended bill as well.  No House vote is scheduled yet.   The Natio...
10/01/2008
The severity of the state of our credit markets, should be a wake up call for anyone who has not yet made the time to get educated on what’s been going on in our financial markets, today and over the last 20 years.   Understanding the speculation that led to the Great Depression, the repeal of th...
09/29/2008
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  It was quite an eventful day as democrats and republicans tried to get a handle on what's going on with our financial system. Not sure there is a perfect solution, but what's clear is that no one wants to hand over a blank check without firm oversight. Dow was up almost 197 points on hopes that...
09/25/2008
It's clear that the optimism from last Friday has quickly given way to a no confidence vote for Treasury Secretary Paulson's plan.  Today's highlights:   The Dow was down by 372.75 points but the big story is gold rising by $40 and oil rising by $15 per barrel to close at $120.  Morgan Stanley ha...
09/22/2008
Living in Southern California for over 35 years has made me somewhat complacent about earthquakes, but I know first hand how devastating they can be and at the very least I keep a good supply of bottled water in the house, just in case.  But I know I need to do more. Just as most people, I get bu...
09/21/2008
To say that it’s been a crazy week is a gross understatement. Let’s recap some items: U.S. takes over AIG with a $85 billion bailout. This agreement states that the government is providing AIG with a loan $85 billion over a two year period, offered at 11.5%. The government also gets 79.9% equity ...
09/19/2008
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We had another eventful day in the financial markets today:   The Dow shed 449 points (4.1%) to close at 10610 amid fears the credit crisis will claim more victims Interest rates....The 2-year treasury bill closed at 1.64%, the 5-year treasury note 2.52%, and the 10-year treasury bond gained 14/3...
09/17/2008
The Federal Reserve left rates unchanged today, at 2% for the key benchmark, a surprise to some, but while they noted that the financial markets are under more strain with the credit crisis,they cited labor worries and inflation as their top concerns.  Providing liquidity for the markets is high...
09/16/2008
This year continues to be a dizzying spiral of institutional failures.  As you can see below the fallout continues and it's not looking pretty. Let's review what's going on: Lehman Bros. (the holding company) files for Chapter 11 as no buyer emerged to save the company Merrill Lynch, in a surpris...
09/15/2008
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Ana Connell

Burbank Real Estate Agent
local_phone818.588.6563
smartphone818.795.8474
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Housing and economic information and statistics for Burbank, North Hollywood, Hollywood Hills, Studio City , Valley Village, Toluca Lake and surrounding areas of the San Fernando Valley.