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  • Big Builders Baffled Thursday, 14 Feb 2008 | 5:50 PM ET
    NAHB

    I’m not often shocked on this beat, but I am today. I just got a call from a source at one of the big public home builders regarding my blog yesterday about the National Association of Home Builders cutting off PAC money to members of Congress.

  • No Love for Stocks After Intel, Bernanke News Thursday, 14 Feb 2008 | 5:07 PM ET

    U.S. stocks fell deeper into the red Thursday after Federal Reserve Chairman Ben Bernanke told Congress that economic growth would be "sluggish" at best in the near term.

  • Bernanke's Gloomy Outlook Sparks Valentine's Selloff Thursday, 14 Feb 2008 | 2:09 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    On Tuesday, we had the Warren Buffett rally. On Valentine's Day, it was the Ben Bernanke selloff.

  • Reader Poll: Another Rate Cut? Thursday, 14 Feb 2008 | 1:32 PM ET

    Federal Reserve chief Ben Bernanke Thursday said the outlook for economic growth was sluggish at best...

  • Worries About 'Sluggish' Growth Sink Stocks Thursday, 14 Feb 2008 | 12:50 PM ET

    U.S. stocks remained in the red Thursday after Federal Reserve Chairman Ben Bernanke's testimony in Washington.

  • Stocks Hold Losses After Bernanke Testimony Thursday, 14 Feb 2008 | 11:11 AM ET

    U.S. stocks remained in the red Thursday after Federal Reserve Chairman Ben Bernanke's testimony in Washington.

  • Bernanke Says Fed Ready To Cut Interest Rates Again Thursday, 14 Feb 2008 | 11:06 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed  Chairman Bernanke told Congress the country's economic outlook has deteriorated and signaled that the central bank is ready to keep lowering rates.

  • Read Ben Bernanke's Testimony Thursday, 14 Feb 2008 | 10:46 AM ET

    The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the state of the U.S. economy and financial markets delivered before the Senate Banking Committee.

  • Singapore's Economy Shrinks, First Time Since 2003 Thursday, 14 Feb 2008 | 12:06 AM ET

    Singapore cut its economic growth forecast for 2008 on Thursday after the first quarterly contraction since 2003, citing worries about a U.S. recession, and said inflation would be higher than it thought earlier.

  • Australia Unemployment at New Low, Rings Rate Alarm Wednesday, 13 Feb 2008 | 9:46 PM ET

    Australia's jobless rate surprised by falling to a 33-year low of 4.1 percent in January, adding to concerns the drum-tight labor market was stoking inflation and cementing the case for an urgent rise in interest rates.

  • Japan's Economy Grows Faster-Than-Expected Wednesday, 13 Feb 2008 | 8:32 PM ET

    Japan's economy grew 0.9% in the last quarter of 2007, double the expected rate, but a likely slowdown this year meant analysts still saw the Bank of Japan keeping interest rates on hold in 2008, or possibly cutting them.

  • Will the Fed Chairman Send Wall Street a Valentine? Wednesday, 13 Feb 2008 | 2:46 PM ET

    Fed Chairman Ben Bernanke has yet to win the hearts and minds of many on Wall Street. But a stand-out performance during his appearance before Congress on Valentine’s Day may bring him considerably more admirers.

  • Builders Don't Get Bail Out, So They "Bail" On Congress Wednesday, 13 Feb 2008 | 12:37 PM ET

    Late yesterday afternoon--amid many email releases from National Association of Home Builders, which is holding its annual convention in Orlando--came THIS statement from the NAHB President:

  • S.Korea Holds Rates, Says Risks to Economy Growing Tuesday, 12 Feb 2008 | 9:51 PM ET

    South Korea's central bank on Wednesday held interest rates steady for a sixth straight month as widely expected, but bond futures recouped early losses after the Bank of Korea said inflation would gradually slow.

  • UK Real-Estate Sentiment Sinks Lower in Jan. Tuesday, 12 Feb 2008 | 7:24 PM ET

    British housing-market sentiment continued to weaken in January, marking six months of pessimism in the sector, a key indicator showed Wednesday, as the number of surveyors reporting falling home prices increased to a level not seen since the recession in 1992.

  • Bernanke Expects Housing Recovery by Year End Tuesday, 12 Feb 2008 | 3:59 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday he expects the downtrodden U.S. housing sector to improve by the end of the year.

  • Henry Paulson

    Another day, another press conference from Treasury Secretary Henry Paulson to announce another addendum to the “Hope Now” initiative to save troubled borrowers. I have to say I came away from this one scratching my head a bit more than usual.

  • Fed's Poole Predicts US Will Avoid Recession Tuesday, 12 Feb 2008 | 10:11 AM ET

    The U.S. appears likely to avoid an economic downturn but the chances of a recession have risen, St. Louis Federal Reserve Bank President William Poole said Monday.

  • UK Producer Price Inflation Hits 16-Year High Monday, 11 Feb 2008 | 3:22 PM ET

    UK factory gate inflation surged to a 16-year high in January, while input price inflation reached an all time high, official data showed on Monday.

  • Florida Taking Its Toll (Brothers) On Daughter's Condo Monday, 11 Feb 2008 | 10:42 AM ET

    You just can’t make this stuff up. Apparently even a big builder’s daughter can’t seem to keep faith in the Florida housing market. According to an SEC filing, Wendy Topkis, daughter of Toll Brothers co-founder and Vice-Chairman Bruce Toll, is walking away from a Florida condo, just like everyone else. A Toll Bros. condo!! The Palm Beach Post says it best: Et Tu Wendy?