Archive for June, 2008
Monday, June 30th, 2008
...He cites as examples appraisers, "fee hungry" mortgage brokers, and
real estate agents who participated in putting home buyers into subprime
mortgages they could not afford. There may also be, as Lenckus
puts it, an unknown number of "widget manufacturers"
which bought various mortgage- backed financial instruments as
investments that ...
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Monday, June 30th, 2008
...He cites as examples appraisers, "fee hungry" mortgage brokers, and
real estate agents who participated in putting home buyers into subprime
mortgages they could not afford. There may also be, as Lenckus
puts it, an unknown number of "widget manufacturers"
which bought various mortgage- backed financial instruments as
investments that ...
Posted in Uncategorized | No Comments »
Monday, June 30th, 2008
Speaking to journalists en route to Berlin, Treasury Secretary
Henry Paulson said that his speech on July 2 will focus
on the Federal Reserve's role as a macro stability regulator.
Paulson said that speech will focus on the Federal Reserve's process
for intervening in financial affairs and that any
intervention by ...
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Monday, June 30th, 2008
Speaking to journalists en route to Berlin, Treasury Secretary
Henry Paulson said that his speech on July 2 will focus
on the Federal Reserve's role as a macro stability regulator.
Paulson said that speech will focus on the Federal Reserve's process
for intervening in financial affairs and that any
intervention by ...
Posted in Uncategorized | No Comments »
Monday, June 30th, 2008
Texas business activity declined further in June
according to the Dallas Fed's manufacturing report on Monday, whose
business activity index fell to -24.1 from May's -10.3.
"Several indicators for current conditions declined from May levels
and turned negative," read the report. "Despite June's slowdown, more
than a third of manufacturers responding ...
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Monday, June 30th, 2008
The ISM-Chicago business barometer remained below 50 for the fifth
consecutive month in June, yet improved more than expected, coming in at
49.6, against expectations that it would fall to 48.0 from 49.1 in
May.
"The threat of an economic recession spreading from the
housing and credit sectors has yet to ...
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Monday, June 30th, 2008
Canadian GDP and the ISM-Chicago Purchasing Manager's Index will
highlight the start of what is looking to be a busy shortened week on the
North American data front. In the afternoon, comments from Portuguese
Central Banker Vitor-Manuel Ribeiro Constancio will also be closely
watched ahead of the European Central Bank's ...
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Friday, June 27th, 2008
In the minutes released from a meeting of Fed
Governors to approve Bear Stearns' acquisition by JPMorgan and the
establishment of a lending facility to primary lenders on March 14 and
16, the Fed reaffirmed that the moves were "based on recent, rapidly
changing developments."
Read More Now
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Friday, June 27th, 2008
The Federal Reserve's preferred measure of inflation,
the personal consumption expenditures (PCE) core deflator, advanced by
0.1% (0.113%) in May, below expectations and contributing to a year-over-
year change of 2.1% (2.139%), according to a report released from the
Commerce Department on Friday morning.
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Friday, June 27th, 2008
U.S. core PCE, personal income and spending, and final data from the
Michigan consumer sentiment survey will finish off the U.S. economic data
week as Canadians receive industrial product and raw material prices
along with average payroll earnings. Overseas, markets will be looking at
the preliminary figures for German CPI ...
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