Why foreclosure investors are double-edged sword for economy By Maxine Park, USA TODAY A foreclosure sign outside a house in Tampa. That's what the Obama administration and Federal regulators are currently considering for the thousands of homes currently owned by Fannie Mae, Freddie Mac and the FHA. Read more on USA TODAY How "Occupy Our [...]
Tag Archives: economy
What’s the secret to Canada’s miracle economy?
What’s the secret to Canada’s miracle economy? Americans may be looking north of the border with envy these days. The Canadian dollar – previously an object of mockery – now trades higher than its US counterpart and our banks weathered the global financial crisis with alarming stability. How have Canadians pulled this off? Read more [...]
Tumpel-Gugerell Says EU Interest Rates Should Be Consistent With Economy
Tumpel-Gugerell Says EU Interest Rates Should Be Consistent With Economy European Central Bank Executive Board member Gertrude Tumpel-Gugerell said interest rates should be consistent with economic activity, suggesting she sees room for further monetary tightening. Read more on Bloomberg
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Interest rates on hold amid fears economy is stalling
Interest rates on hold amid fears economy is stalling The Bank of England kept interest rates at a record low yesterday after the economy suffered its biggest loss of momentum since the bankruptcy of Lehman Brothers triggered the global recession. Read more on Independent
‘Rates rise damages UK economy’
‘Rates rise damages UK economy’ Britain’s prominent economists and politicians warn the Bank of England that raising interest rates too soon would severely damage the economic recovery. Read more on Press TV
How Underwater Mortgages Can Float the Economy
How Underwater Mortgages Can Float the Economy A crash program of refinancing would boost the economy but cost taxpayers nothing. Read more on New York Times
Rise in interest rates would be a ‘disaster’ for UK economy, warns Peter Hargreaves
Rise in interest rates would be a ‘disaster’ for UK economy, warns Peter Hargreaves A rise in interest rates could cause many UK homeowners to “throw away the keys” to their houses, according to Peter Hargreaves, the co-founder of financial adviser Hargreaves Lansdown. Read more on Daily Telegraph
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Thailand May Raise Interest Rate a Second Month as Exports Hold Up Economy
Thailand May Raise Interest Rate a Second Month as Exports Hold Up Economy Thailand may raise interest rates a second straight month and report economic growth of more than 7 percent as surging exports drive a recovery after political turmoil prompted a crackdown on protesters last quarter. Read more on Bloomberg
Malaysia raises interest rates as economy grows at fastest pace in a decade
Malaysia raises interest rates as economy grows at fastest pace in a decade KUALA LUMPUR, Malaysia – Malaysia’s central bank on Thursday raised its key interest rate for the second since March, spurred by the fastest Read more on Canadian Business
Bernanke says economy still needs low interest rates
Bernanke says economy still needs low interest rates Federal Reserve Chairman Ben S. Bernanke said the U.S. economy still needs low interest rates and that the central bank will be ready to tighten credit “at the appropriate time.” Read more on Baltimore Sun