proinvestiment.blogspot.com
Proinvestiment: Obama turns up heat on mortgage servicers
http://proinvestiment.blogspot.com/2009/07/obama-turns-up-heat-on-mortgage.html
Friday, July 17, 2009. Obama turns up heat on mortgage servicers. As complaints mount about President Obama's foreclosure prevention program, the administration is ratcheting up the pressure on mortgage servicers. Financial executives will meet with Treasury Department and administration housing officials on July 28 to discuss how the loan modification and refinancing plan has been implemented. The administration plans to grill servicers that have done few modifications or have had many complaints. The u...
proinvestiment.blogspot.com
Proinvestiment: April 2009
http://proinvestiment.blogspot.com/2009_04_01_archive.html
Thursday, April 30, 2009. Millionaires Aren’t Sleeping Well, Either. If financial misery loves company, you’ve got a surprising amount of it among wealthy folks–the people who you’d think would feel comfortably insulated from the current economic crisis. The response was surprising. Forty-five percent of these millionaires said yes: They either “agreed” or “agreed strongly” with that idea. Okay, maybe you’re thinking that’s not so surprising. Say, for example, you’re a 55-year-old w...The answer, unfortu...
proinvestiment.blogspot.com
Proinvestiment: Deficit: What caused it, why it matters
http://proinvestiment.blogspot.com/2009/08/deficit-what-caused-it-why-it-matters.html
Thursday, August 6, 2009. Deficit: What caused it, why it matters. When George Bush took office at the beginning of 2001, the federal government was running a substantial budget surplus and projected rising surpluses "as far as the eye could see." Now, the United States is facing massive current deficits - as a share of the economy, the largest since World War II - and an increasingly dire and unsustainable outlook over the next 10 years and beyond. How did we get into this fiscal mess? Financial markets...
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Proinvestiment: March 2009
http://proinvestiment.blogspot.com/2009_03_01_archive.html
Monday, March 30, 2009. Second home sales slide. Sales of vacation and investment homes in the United States slipped to 30% of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday. However, more than four out of 10 investment buyers and more than three in 10 vacation-home buyers paid cash for their properties, with large percentages indicating that portfolio diversification was a factor in their purchase decision, the NAR said in a report. Still, early w...
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Proinvestiment: November 2008
http://proinvestiment.blogspot.com/2008_11_01_archive.html
Friday, November 28, 2008. Unemployment in the 15 nations that share the euro shot up to 7.7% in October - the highest level in two years - as growth dropped sharply, the EU statistics agency Eurostat said Friday. Prices also plunged with the annual inflation rate sinking to 2.1% in November from 3.2% in October, Eurostat said. Lower inflation gives the European Central Bank more room to reduce interest rates, which would help stoke growth. The EU's executive Commission forecasts that the labor market wi...
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Proinvestiment: January 2009
http://proinvestiment.blogspot.com/2009_01_01_archive.html
Wednesday, January 28, 2009. Bonds extend declines after Fed. Government debt prices extended declines Wednesday after the Federal Reserve said it is prepared to buy long term Treasurys but did not offer the specific details that many investors were looking for. But the market was expecting the Fed to make a stronger statement on its plans to buy long-term Treasurys, said Kevin Giddis, managing director of fixed income Morgan Keegan. Record-breaking auctions: The Treasury is scheduled to auction $135 bil...
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Proinvestiment: February 2009
http://proinvestiment.blogspot.com/2009_02_01_archive.html
Friday, February 27, 2009. Oil retreats after rally. Oil fell back on Friday from its three-day bull run, paring nearly $2 in morning trade, but otherwise remaining on course to end the month up more than 4% from January, its first monthly gain since June 2008. OPEC production cuts and a bounce in U.S. demand for gasoline this week have pushed oil prices up, and analysts at JP Morgan said supply tightness meant "the crude market is finally in balance.". Signs of recovery from the recession have been lack...
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Proinvestiment: GM moves step closer to bankruptcy
http://proinvestiment.blogspot.com/2009/05/gm-moves-step-closer-to-bankruptcy.html
Wednesday, May 27, 2009. GM moves step closer to bankruptcy. General Motors said Wednesday that it has fallen far short of the bondholder support it needed for its proposed debt-for-stock offer, virtually guaranteeing that the nation's largest automaker will be forced to file for bankruptcy court protection within the next five days. But GM's announcement said that bondholders who took the company's offer were "substantially less than the amount required.". In another sign that a bankruptcy filing could ...
proinvestiment.blogspot.com
Proinvestiment: December 2008
http://proinvestiment.blogspot.com/2008_12_01_archive.html
Friday, December 26, 2008. Grinchy holiday at the mall. US retailers' sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse. It's probably one of the most challenging holiday seasons we've ever had in modern times," said Michael McNamara, vice president of Research and Analysis at MasterCard Advisors. SpendingPulse tracks sales activity in th...
