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Interest Rate Hikes Are Coming
23 hours ago ago from HudPros.com
Image by Getty Images via Daylife You thought this year was tough for the real estate market, prepare for 2010. Saying positive things will only go so far in helping the real estate sector. Reality will soon set in and with that will come even more opportunities for real estate investors. Interest rates will most likely start to creep back up as the article below describes. With higher interest rates come more buyers ...
Related contentmore on the man of the year
21 hours ago ago from The Center of the Universe
[ Skip to the end ] More on the Bernanke testimony: Shortly after the failure of Lehman Brothers, I was in Brazil at an international meeting, and I had a meeting there with bankers, and I asked them how the Brazilian economy was doing. And they said well, it had been doing fine, but within a week after Lehman Brothers collapsed, it was like a frigid wind descended on the economy in Brazil. And there was an enormous impact almost ...
Related contentJapan unemployment rate up in November, prices fall
11 hours ago ago from Latest News from STANZOO - Cosmetic surgery Hyderabad
Deflation tightened its hold on Japan in November and the unemployment rate rose for the first time in four months, as the world’s second-biggest economy struggles to stage a convincing comeback. The unemployment rate climbed to 5.2 percent, reversing an improvement to 5.1 percent in October. The result marks the first increase since July and misses Kyodo News agency’s average market forecast of 5.2 percent. Although ...
Related contentCentral bank leaves key rates unchanged
7 hours ago ago from Taiwan Today News
The Central Bank of the Republic of China (CBC) decided during its quarterly board meeting that it will keep interest rates unchanged for now. “Interest rates will stay where they are because consumer prices are still falling,” said CBC Gov. Perng Fai-nan during a press conference after the announcement was made Dec. 24. Between September 2008 and February 2009, the central bank reduced key rates seven times by a total of 2.375 percentage ...
Related contentInterest Rates Will Rise In 2010
1 day ago ago from Gold Makers University
Image by Getty Images via Daylife Next year may lead to an even worse financial disaster. The band-aids that have been applied cannot hold much longer and it will hurt when they are removed. With the massive spending by the US government to payoff large corporations, it is only a matter of time before the world no longer will be able or willing to bail out the US. If the government was a business there would not be an entity ...
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NY Fed: Home Ownership May Fall Sharply - MarketBeat - WSJ
22 hours ago ago from Wall Street Journal
By Paul Vigna The homeownership rate may drop sharply in the next few years, a new paper from the Federal Reserve Bank of New York suggests. After peaking at 69% in 2006, it's fallen to 67.3%, where it was in 2000. But the authors configure a homeownership gap, the difference between the current rate and a rate that excludes owners with negative equity. The longer that negative equity position persists, the greater the odds are those ...
Related contentChina revises 2008 GDP higher
2 hours ago ago from CNN Money
China revises 2008 GDP higher December 25, 2009: 9:25 AM ET BEIJING (Reuters) -- China on Friday revised up its 2008 growth rate to 9.6 percent, taking it well above the originally reported 9.0 percent after calculating that the service sector had been more productive than previously thought. The upward revision underscored that China was well on track to surpass Japan as the world's second-largest economy in 2010, if not sooner, and ...
Related contentRussia Cuts Interest Rates for 10th Time This Year
2 hours ago ago from The New York Times
MOSCOW Russia's central bank Friday unveiled its 10th interest rate cut of the year, with economists expecting more gradual trims in the coming months as policymakers try to stimulate the country's blighted economy. The central bank said it is reducing its benchmark refinancing rate to 8.75 percent effective from Monday, from 9 percent. The minimum one-day repo rate will be cut to 6 percent from 6.25 percent. The decision to cut rates is ...
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