NEW YORK, Dec 26- U.S. At the same time the Treasury sold $104 billion in new intermediate-dated supply. "Anytime bonds came out for sale everyone was backing up their bids and letting prices fall to where the auctions would attract sizable overseas interest," said Jim Vogel, an interest rate strategist at FTN Financial in Memphis, Tennessee.» Read More
The Mortgage Bankers didn't like my post today, even though I cited the Washington Post as my source. They claim the Post story was not right. I'm not taking sides, I just want all the sides to have their say, so here's the MBA:
Even in a farm boom, lending is tight. Brett Crosby is a cowboy with an MBA. He runs a Wyoming cattle ranch and also operates Custom Ag Solutions, a firm that helps do agricultural risk management.
I’m sure there are plenty of troubled borrowers around the country who will do a bit more than chortle when they hear the story of how the Mortgage Bankers Association is having trouble paying the mortgage on its new building in downtown DC.
Martin Feldstein, who heads the group that is considered the arbiter of U.S. recessions, told CNBC that he believes the U.S. has been sliding into a recession.
Australia's trade deficit blew out to a record in February as bad weather and supply bottlenecks dented exports of coal and iron ore, while solid business spending at home kept imports near all-time highs.
There is more than a 50 percent chance the United States could go into recession, former Federal Reserve chairman Alan Greenspan told Spain's El Pais newspaper in an interview published on Sunday.
Major stock indexes ticked higher Friday though the market was broadly mixed. General Motors skidded, while UBS shares advanced.
Deepening concern over the state of the U.S. economy and its impact on Europe will lead to further uncertainty in European stock markets next week, as investors look to interest-rate decisions from major central banks for reassurance.
For those graduating college this year, getting a job will be a little harder than last year—but will likely pay more.
If recessions are best seen through the rear-view mirror, then Friday's jobs data makes the current state of the economy pretty clear.
Stocks opened flat Friday as investors shrugged off a worse-than-expected March employment report.
US employers cut payrolls by a bigger-than-expected 80,000 in March, more evidence that the economy is in a recession.
The Federal Reserve has been wise to keep the dollar weak as the economy navigates its way through the current liquidity shortage, the former chairman of the central bank's Dallas branch said.
For the second time this week, a senior Federal Reserve official conceded the United States economy could slip into recession, but suggested the central bank should wait to see if more rate cuts are needed.
Australia's top central banker said on Friday there were signs that domestic demand was cooling in a way that would help restrain inflation, suggesting he thought interest rates had risen enough for now.
Late yesterday, after much hashing and re-hashing behind closed doors, a bipartisan team of Senators emerged with the beginnings of a bill to help troubled borrowers, local communities and the nation’s home builders. The home builder provision is, I believe, necessary and huge for the industry.
The U.S. economy has taken a sharp turn for the worse and is facing a tough quarter, U.S. Treasury Secretary Henry Paulson said on Thursday.
An index of chief executives' confidence in the US economy plunged to a record low last month, reflecting deeper concerns about the credit crisis and prospects for hiring.
Now that Wall Street has gone through its version of “Survivor”, it’s time for a reality check. The credit crunch is probably far from over and is likely to play out like a mini-series than a reality TV show.
Federal Reserve Chairman Ben Bernanke warned Congress that the economy may shrink over the first half of this year, saying "a recession is possible." Yet, he didn't offer any assurances of further interest rate cuts.