Investors flee Treasurys on Bernanke’s remarks
Borrowers, take note: Interest rates may have found their bottom. Investors pulled money out of Treasurys Friday after expectations faded that the Federal Reserve will need to buy bonds to stimulate the economy. The yield on the 10-year Treasury note jumped… Federal Reserve…
This will be another busy week – the August employment report on Friday is the key economic release this week. The previous post is the summary of last week. —– Monday Aug 30th —– 8:30 AM ET: Personal Income and Outlays for July 2010. The consensus is for a 0.3%…
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Much has been written about medicine and the market in recent years. This book is the first to include an assessment of market influence in both developed and developing countries, and among the very…
It was a busy week … Existing Home Sales lowest since 1996, 12.5 months of supply The NAR reported: Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly…
Historic lows: Helena homeowners rush to refinance
Rates| Local banks offering as low as 4.125 percent for 30-year-fixed mortgage
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Mortgage rates hit low of 4.36 percent
Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as…
Bernanke ready to act on economy
Federal Reserve chairman pledges to take action to boost slowing US economy.
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Bernanke says US recovery softer
US Fed prepared to take further steps to spur economy. 28 Aug 2010 1:52 PM
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Bernanke: U.S.…
A couple of earlier post that might be of interest: Employment Report Preview: Will the unemployment rate spike higher? Unofficial Problem Bank List increases to 840 institutions From Peter Goodman at the NY Times: What Can Be Done to Cure the Ailing Economy? THE American economy is once again tilting…
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Good financing is an essential part of running a business. With inside information from an experience banker, this book takes business owners through the loan process. Recommended by “Inc.” Magazine, it will help readers…
From Tom Petruno at the LA Times: Time to let home prices fall? A few excerpts: [A] grim reality has set in: Despite the still-rich basket of tax breaks for residential property owners, and the lowest mortgage rates in a generation, the pool of willing or able buyers is dwindling.…
Former Duke star Hurley on wrong end of foreclosure judgment
Former Duke basketball star Bobby Hurley’s Devil Eleven Farm in Ocala has been slated for public sale after he and his wife, Leslie, agreed not to challenge foreclosure proceedings seeking to recover more than .3 million in defaulted loans and…