In an exclusive interview, Julia Chatterley asked Greek Finance Minister Yannis Stournaras about the status of Troika discussions on the sidelines of the EcoFin meeting in Brussels.» Read More
Lenders say they are trying to recover some of that money but their success has been limited, in part because so many borrowers threaten bankruptcy and because the value of the homes has often disappeared, reports The New York Times.
We continue to believe (and the Fed appears to agree) that a stabilization in housing is key to any self-sustaining economic recovery. Therefore, it should not come as a major surprise that the Fed changed course and decided to maintain the size of its portfolio.
We knew it was coming, as it was part of the recently signed financial reform bill, but today the Obama Administration announced it would be sending another $1 billion to unemployed borrowers to help them pay their mortgages.
If you needed any more proof about how risk averse investors have become, look no further than the corporate bond market. With interest rates at record lows, corporate America is coming to the debt market in droves. And investors seem to have an almost insatiable appetite.
America is a "Mickey Mouse economy" that is technically bankrupt, according to Jochen Wermuth, the CIO and managing partner at Wermuth Asset Management.
We've been sitting around record lows on the 30-year fixed for many many months now, and while the refinance market has certainly seen a boost, the home purchase market has not.
President Obama is seeking to double exports, through marketing programs and new free trade deals. However worthy those initiatives may be, doubling exports does no good if imports double too. By increasing the trade gap, more open trade policies would increase the drag on growth and jobs creation.
The Wall Street Journal’s weekend editorial “It Isn’t Working” lamented that “three years of spending and monetary stimulus haven’t helped jobs”. While making a number of valid points...it failed to point out that the Federal Government has provided a significant amount of valuable and essential stimulus to the economy with an important part of the stimulus program – namely, in refurbishing the highways.
The blame for the uncertainty that surrounds Tuesday’s meeting of the Federal Open Market Committee should perhaps be placed on Federal Reserve Chairman Ben Bernanke's leadership style, or lack of it.
Spanish traffic cops angry over a pay cut and other slights are slapping wrists rather than writing tickets.
Take the news of the Fed announcement, should it follow this dovish direction, and not look at it is a positive stimulus to the economy, but as a detrimental decision that will hold negative ramifications and here's why.
With money managers increasingly pessimistic about the prospects for global economic growth, more are looking for emerging markets in Asia to outperform.
"With municipal bonds you have to take your tax rate into consideration, the lower your tax rate the less attractive muni's are," Ben Thompson, founding principal of Samson Capital Advisors told CNBC.
Whether the housing market is in another free-fall or not, just the thought of a double dip is forcing real estate investors to re-think how and where they spend their money. And maybe even if they should spend it at all.
With interest rates at or near historic lows, you may think it is time to flee the bond market. Don't. "Despite the talk of a bond bubble or a bond bear market, it’s not the end of the world for a diversified investor," says one market watcher.
Companies hoarding cash since the start of the recession are beginning to pass on some of it to shareholders , but it's unlikely to match the boom of a decade ago.
Burned in the past decade by the dot-com bubble, Enron-style corporate governance, the housing bubble, the credit crunch and the Great Recession, retail investors have their money in places with little or no return but virtually no chance of a loss.
While investment strategists generally expect US equities to close out 2010 in negative territory, most also say the market between now and December 31 remains too unpredictable to forecast with any confidence.
Rates keep falling, and Wall Street increasingly seems convinced that they will stay low for years. But it isn’t the Federal Reserve that is cutting them — it is the bond market. The NYT reports.
To accomplish robust growth and lower unemployment to pre-recession levels, President Obama must temper his impulse to tax and regulate, and stop appeasing China and Wall Street.