Eric Robertsen, head of Global Macro Strategy at Standard Chartered, believes that the U.S. economy will bounce back later this year and explains what that means for the timeline regarding rate hikes.» Read More
According to the Treasury Department, by the end of August, 314,000 home buyers had filed tax returns taking advantage of the $8000 first-time home buyer tax credit. That's at a cost of around $154,000,000. The Treasury estimates that as the credit stands, expiring Nov. 30th, 2009, 1.5 million buyers will use the credit.
A "wall of liquidity" has helped prevent another Great Depression even though the economy faces a period of long, slow growth ahead, economist Nouriel Roubini told CNBC.
High unemployment and a lack of stimulus for private demand by countries like Japan and Germany could slow down the world recovery, famous bear Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.
It's that time of the quarter again, when monied Manhattanites bemoan the continued loss of their net worth, thanks to their previously sky-high real estate values falling down the airshaft to around the 8th floor. Pick a report, Halstead, Brown Harris Stevens, Prudential Douglas Elliman. They all tell the tale of bereft bankers and tres triste trophy wives.
Policy makers are likely to continue backing a weak dollar until the economy shows substantial improvement, Pimco's Bill Gross told CNBC.
I realize I'm not making friends with the Realtors by trouncing their index today, but I have to say honestly: I've read an awful lot of National Association of Realtor reports in my time on the housing beat (five years+), and never before have I seen them express so much skepticism in such a positive report.
This morning my boss came into my office, wondering why in my reporting yesterday on the Comptroller of the Currency's "Mortgage Metrics Report" ...I left out a big jump in principal write-downs.
The Bank of England has allocated all it intends to in quantitative easing, and will not exit the bond purchase program for another six months at least as the economic outlook remains shaky, a Reuters poll showed.
China has had recurring periods of greatness and recurring periods of disaster and now is the time to be in China, Jim Rogers, chairman of Rogers Holdings, told CNBC as China celebrates 60 years of communist rule.
The US faces high inflation because of the weak dollar and the Federal Reserve's policy of printing money to counter the effects of the crisis, legendary investor Jim Rogers told CNBC Thursday.
Commodities are the best area to invest in, as they protect against inflation and prices will rise if Asia's economies take off, Jim Rogers, CEO of Rogers Holdings, told CNBC Thursday.
Back in July the Federal Reserve agreed on a new set of consumer protections in the home mortgage market. The new rules apply to all lenders and add four key protections for a "newly defined category" of higher priced mortgage loans. These are loans with interest rates 1.5 percent higher than the going rate.
Today's headlines from the folks at S&P/Case Shiller are not untrue, they're just not the whole picture. Yes, home prices, in most areas (and by no means everywhere) are no longer in freefall. Some local markets have hit bottom, others are falling less precipitously, and still others are showing some strength.
The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets.
Global Finance Magazine recently graded 31 central bank chiefs in its "Central Banker Report Cards 2009" based on their performance. Here's a look at 15 key bankers and how they scored.
Now that we have new and existing home sales in, I want to point out a couple of facts that got lost in all the paperwork.
The crisis the world went through is just an appetizer for a future one because the weaknesses that created it have not been addressed, Marc Faber, author and publisher of the Gloom, Doom and Boom Report, told CNBC Friday.
Existing home sales took a U-turn in August after four straight months of gains, and this is exactly what we were afraid of, as inventory at the low end of the market runs dry and the first time home buyer tax credit draws to a close.
Both the S&P and Dow sold-off Wednesday as comments from the Federal Reserve reminded investors that at some point the economy will have to stand-up on its own.
"A weak dollar is boosting everything that's priced in dollars—boosting stocks, even bond prices and especially commodities," says one economist. "We've traded long-term growth for a short-term boost in nominal gains."