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The Credit Crisis is Not Over :: The Market Oracle :: Financial …
17 hours ago ago from Stock Capitalist
A default rate of 12 to 14 percent. That is up from 1% in 2007 and a long-term average of 4.5%. These are not just small firms, but companies with more than $100 million in assets as well. That doesn't sound like recovery to us. What is very significant is At the same time the Fed and Wall Street are trying to cover-up, as they did 2-1/2 years ago what became a credit crisis. Last time they ramped up the stock market and they are attempting ...
Related contentGreenspan Says Stock Rally Means Lower Stimulus Need
18 hours ago ago from Only reliable financial news
The biggest stock market advance in seven decades is reducing the need for additional government stimulus measures, according to former Federal Reserve Chairman Alan Greenspan. The Standard & Poor’s 500 Index’s 64 percent jump since March made Americans richer by restoring $5.4 trillion to U.S. equities and helped spur a 1.3 percent increase in retail sales last month, data compiled by Bloomberg and the Commerce Department show. ...
Related contentMortgage defaults jump 20 percent in Q3, double from last year
9 hours ago ago from WillNeverGiveUp
December 21, 2009 Unemployment and loss in home values has contributed to a nearly 20 percent jump in serious mortgage delinquencies from the previous quarter and has more than doubled from a year ago according to a federal report released for third quarter 2009 (September 30, 2009). Modified loans continue to re-default at high rates overall. More [...]
Related contentTip News Tip News 2009
4 hours ago ago from Tip News
Tip News 2009-Dec-21 - Walgreen shares rise on 20% earnings jump NEW YORK (MarketWatch) - Walgreen, one of the country's leading drugstore chains, on Monday reported a 20% jump in quarterly profit thanks to strong growth in its prescriptions business. Walgreen first-quarter net income rose to $489 million, or 49 cents a share, from $408 million, or 41 cents a share in the year-ago period. Excluding a ...
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Asian Shares Rise on Tech Rally and Stronger Dollar
6 hours ago ago from The New York Times
HONG KONG Asian shares edged up Tuesday as technology stocks tracked a rally in their peers on Wall Street, while the dollar held firm against major currencies and hit a two-month high against the yen. The dollar touched 91.45 yen, its highest level since late October, helped by unwinding of bets that the dollar would fall before the year end, and was steady against a basket of major currencies after reaching multi-week highs on Monday. ...
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