The World Economy The relationship between world economies could be dramatically seen in recent days with the instability in Egypt and the effect on U.S. markets. On Friday, January 28th, the Dow Jones dropped 166 points and the NASDAQ dropped by more than 68 points, a substantial drop. The sheer size of the Egyptian economy, [...]
Continue reading...27. January 2011
Optimism for 2011 In a recent article in the Financial Times, the focus was on new projections from the International Monetary Fund for the world economy in 2011. Those projections said that the most recent stimulus would cause a number of problems for the U.S. in the future. The more optimistic portion of the report [...]
Continue reading...22. January 2011
Foreclosures Last Year Realtytrac recently published its market report covering the foreclosure market for the past year. The report showed that there were 3,825,637 foreclosure filings in 2010. According to the report, this represented a 23% increase over 2008 and a 2% increase over 2009. The top foreclosure cities, according to the report were; Las [...]
Continue reading...20. January 2011
Made in China When you buy almost anything for your home, it is very likely that the tag on the bottom will tell you that it was manufactured in China. There may be a handful of other Asian countries where the item was made, but China is still the leader. It is with this consideration [...]
Continue reading...15. January 2011
The Pace of Recovery will be Slower in Some States In an article titled, “The 5 states where Housing will Recover First,” author Steve Kerch of MarketWatch lists the reasons why he believes that those states will be North Dakota, South Dakota, Iowa, Nebraska and Oklahoma. The article also listed the five states where the [...]
Continue reading...12. January 2011
Jobs – a key component Unemployment continues to be a central concern in the economic quagmire that has plagued the U.S. and several other countries in the past couple of years. The real numbers are startling when you factor in the thousands who have just given up on searching for work. According to a January [...]
Continue reading...7. January 2011
The Foreclosure Fiasco One of the leading components of the financial meltdown in the past couple of years has been the mortgage crisis. Unprecedented numbers of Americans have been upside down in their mortgages with many losing their homes. Many more have had to seek out a way to get out of a bad situation. [...]
Continue reading...5. January 2011
Continued high foreclosure rates impacted communities across the U.S. with great numbers of homeowners upside down in their mortgages. A precipitous drop in home values paired with unaffordable mortgage payments impacted mortgage holders from coast to coast.
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30. January 2011
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