BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Housing starts and producer prices are down in July]]>http://www.bloggingstocks.com/2009/08/18/housing-starts-and-producer-prices-are-down-in-july/http://www.bloggingstocks.com/2009/08/18/housing-starts-and-producer-prices-are-down-in-july/http://www.bloggingstocks.com/2009/08/18/housing-starts-and-producer-prices-are-down-in-july/#commentsFiled under: ,

Two key reports, one on housing and the other on producer prices give us more numbers to ponder.

First to the housing market:

  • The Commerce Department reported that housing starts fell 1% last month to 581,000 units.
  • Ground breaking for single family homes rose 1.7% to 490,000 units annually.
  • Construction of multi family units fell 13.3%
  • Confidence among home builders rose in August.
  • Permits for new building fell 1.8% to 560,000 units, down 39.4% from a year ago.
  • The inventory of total houses under construction fell to a record low of 609,000 while permits for new construction also hit a record low of 102,000 units.
  • Compared to last year housing starts fell 37.7%

Now let's look at producer prices.

Continue reading Housing starts and producer prices are down in July

Housing starts and producer prices are down in July originally appeared on BloggingStocks on Tue, 18 Aug 2009 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredhousing price reportsHousingPriceReportsMohamed El-ErianMohamedEl-erianPacific Investment Management CompanyPacificInvestmentManagementCompanyproducer price reportsProducerPriceReportsTue, 18 Aug 2009 16:30:00 EST<![CDATA[Yale grad takes over at Harvard's $35 billion endowment]]>http://www.bloggingstocks.com/2008/03/28/yale-grad-sugar-momma-takes-over-at-harvards-35-billion-endowm/http://www.bloggingstocks.com/2008/03/28/yale-grad-sugar-momma-takes-over-at-harvards-35-billion-endowm/http://www.bloggingstocks.com/2008/03/28/yale-grad-sugar-momma-takes-over-at-harvards-35-billion-endowm/#commentsFiled under: , , , ,

In fascinating endowment news yesterday, Harvard University turned to one of its former investment stars to take the helm of the Ivy League's biggest endowment of $35 billion.

Currently chief investment officer at Wellesley College, Jane Mendillo has been tapped o become the president and chief executive of Harvard Management Company. She fills in the slot vacated by Mohamed El-Erian, the emerging market bond guru, who left last year after less than two years in the job to return to his previous post with Bill Gross' PIMCO.

Famed uber-investor Jack Meyer racked up impressive returns in his tenure at Harvard Management Company during the 1990s. According to Wikipedia, Meyer grew an endowment "worth $4.8 billion to a value of $25.9 billion (including new contributions). During the last decade of his tenure, the endowment earned an annualized return of 15.9%."

Not too shabby.

It's great to see a woman take over the helm of such a high-profile investment fund. The best part of this whole move is that Mendillo is a Yale grad!

Zack Miller is the managing editor of IsraelNewsletter.com and a former equity analyst for a leading multinational hedge fund.

Yale grad takes over at Harvard's $35 billion endowment originally appeared on BloggingStocks on Fri, 28 Mar 2008 08:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>harvardharvard management c...HarvardManagementC...inthenewsjack meyerJackMeyerjane mendilloJaneMendilloMohamed El-ErianMohamedEl-erianyaleFri, 28 Mar 2008 08:30:00 EST