Fed Chairman Offers Uncertain Outlook
The Los Angeles Times reported today that Federal Reserve Chairman Ben S. Bernanke predicted that unemployment was likely to remain stubbornly high for several years, straining families and endangering the nation’s economic stablitiy and competitiveness. Though Bernanke painted a bleak picture for the millions of jobless workers, he said the U. S. economy was continuing Read more ➝
California Housing Defaults at 3-year low
The Los Angeles Times reported today that the number of Californias entering foreclosure slid dramatically in the second quarter to a three-year low as the fallout from the worst of the housing crisis continued to abate. Click the photo to the right to read the entire article.
Who would bet against John Paulson?
The July 5 – July 11, 2010 issue of Bloomberg Businessweek featured an article that contrasted the views of John Paulson, the hedge fund manager who correctly predicted the collapse of mortgage backed securities (and profited handsomely from it) and Paul Krugman the Nobel Laureate and Read more ➝
Fear of a Stall Hits Market
On Wednesday, June 30th, 2010 the Wall Street Journal reported that American stocks and bond yields fell sharply as concerns mounted that the economy might be in for a slowdown. For a link to view the entire article, click the photo at left.
