Hints and tips:
...A fixture at the Met Gala, he supports and wears both established fashion houses (Thom Browne this year) as well as new designers such as Harris Reed, Charles de Vilmorin or Ludovic de Saint Sernin....
...But, as Ethan Harris at Bank of America Merrill Lynch shows on Monday, nothing could be further from the truth....
...Simon Rawlinson, head of strategic research at EC Harris, a property consultancy, said the government would have to ensure “widespread participation” to ensure it resulted in cheap mortgage deals....
...They realise that the model failed,” says Brian Harris, a senior vice-president at Moody’s....
...On Monday, S&P will announce the result of its ratings review on entities linked to the US government, such as housing finance agencies Fannie Mae and Freddie Mac....
...“Given Fannie Mae’s and Freddie Mac’s importance to the US mortgage market, we believe there is a very high level of support for their debt from the US Treasury,” said Brian Harris, a Moody’s Senior Vice...
...Real estate brokers say that sales have come to a near standstill since the government takeover of Fannie Mae and Freddie Mac in early September....
...Jack Ablin, chief investment officer at Harris Private Bank, said: “US equities need a catalyst, like tightening credit spreads, lower crude oil prices or a stronger dollar, to move higher.”...
...Brian Harris, an analyst at Moody’s, the rating agency, says: “The mortgage insurers are a critical piece of the conforming mortgage market, now more so than ever.”...
...On Wednesday, shares in Fannie and Freddie had rebounded around 30 per cent though they remain 75 per cent lower this year....
...“We believe Mr Bernanke is comfortable keeping rates on hold for now,” said Ethan Harris, chief US economist at Lehman Brothers....
...Meanwhile, government-sponsored mortgage agencies Fannie Mae and Freddie Mac have limited ability to step in as the buyers of last resort....
...Ethan Harris, an economist at Lehman Brothers, said: “There needs to be rationalisation – more centralisation – of how mortgage lending is regulated.”...
...“The breadth of this year’s rally in tech has been narrow, only 25 per cent of tech companies have outperformed the index,” said Jack Ablin, chief investment strategist at Harris Private Bank....
...Jack Ablin, chief investment officer at Harris Private Bank, said: “History has shown that volatility spikes are more consistent with market bottoms than market tops.”...
...But Tim Harris, strategist at JPMorgan Private Bank, warned that risky asset classes were not out of the woods yet....
...Housing agency Fannie Mae was up 2.9 per cent at $61.65 and Freddie Mac was 2 per cent stronger at $71.23....
...Fannie Mae , up 3.6 per cent at $60.38, and Freddie Mac , up 2.2 per cent at $69.48, capitalised on expectations of less onerous regulation....
International Edition