Should Obama name FDIC's Bair as a Special Advisor for Mortgage Policy?11/18/08
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Filed under: Politics, Housing, RecessionMost investors know that there's a difference between Democratic Party leadership and Republican Party leadership, as it relates to U.S. fiscal and economic policy. However, although more economically-cohesive than the Democratic Party, the Republican Party is...
U.S. home prices fall 9% in the last year11/18/08
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Filed under: Forecasts, Bad news, Housing, RecessionWhen is a near double-digit decline in home prices viewed as a small victory? When you're the United States in late 2008 -- a nation grappling with its worst housing slump in decades amid signs of a deepening recession.U.S. median home prices fell 9...
China now biggest foreign owner of U.S. Treasuries11/18/08
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Filed under: International markets, Forecasts, China, Japan, Economic data, Financial CrisisYet another milestone has been reached in the ever-evolving global economy: China has passed Japan to become the largest foreign owner of U.S. Treasuries, the U.S. Treasury Department announced Tuesday. China ...
OPEC still seen cutting supply in December, but will members comply?11/18/08
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Filed under: International markets, Commodities, Oil, RecessionOPEC, which Tuesday again lowered its 2009 global oil demand forecast (pdf), is still seen cutting production quotas, but at its regularly scheduled meeting on December 17 in Algeria, not at its special meeting November 29 in Cairo.Still,...
U.S. home prices fall 9% in the last year11/18/08
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Filed under: Forecasts, Bad news, Housing, RecessionWhen is a near double-digit decline in home prices viewed as a small victory? When you're the United States in late 2008 -- a nation grappling with its worst housing slump in decades amid signs of a deepening recession.U.S. median home prices fell 9...
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