Sales of U.S. previously owned homes fell in June for a second month, adding to evidence the market will slump as the effects of a federal tax credit fade.
Purchases of existing houses dropped a less-than-forecast 5.1 percent to a 5.37 million annual rate, figures from the National Association of Realtors showed today in Washington. The [...]
Posts Tagged ‘economic recovery’
Purchases of U.S. Existing Homes Fell in June
July 22nd, 2010 by HardMoney Writer
Tags: chief economist, economic recovery, foreclosures, home sales, homebuilder, housing market, mortgages, tax credit, us unemployment
more...Yen Rises as European Stress Tests, Slowdown Concerns Boost Safety Demand
July 21st, 2010 by HardMoney Writer
The yen rose, snapping a two-day decline against the dollar and the euro, as concern over the pace of the U.S. recovery and the financial health of European banks boosted demand for Japan’s currency as a refuge.
The yen climbed against all of the 16 most-traded currencies except for the Canadian dollar, South African rand and [...]
Tags: bank of japan, economic growth, economic recovery, economists, European economy, global economic, home sales, investments
IMF Says ‘Double-Dip’ in Global Economy Unlikely
July 13th, 2010 by HardMoney Writer
The head of the International Monetary Fund said a reversal of the global economic recovery is unlikely, noting the lender recently raised its growth forecast after a strong first half of the year.
The world economy is “very far from any kind of double dip,” IMF Managing Director Dominique Strauss-Kahn said at a press conference in [...]
Tags: china economy, economic growth, economic recovery, emerging economies, Financial Markets, global economic, IMF, US Economy, world econmic
Fed’s Lacker: Economy Is Recovering Despite Weak Data
July 9th, 2010 by HardMoney Writer
The recent spate of weaker economic data doesn’t mean the U.S. recovery is faltering, and the Federal Reserve continues to get closer to the time when it will need to raise interest rates, a top central bank official said Thursday.
“The economy is still growing,” Federal Reserve Bank of Richmond President Jeffrey Lacker told Dow Jones [...]
Tags: central bank, chief economist, Dow Jones Industrial, economic recovery, European economy, Federal Reserve, interest rates, mortgages, subprime mortgage, unemployment rate, US Economy
Federal Reserve weighs steps to offset slowdown in economic recovery
July 8th, 2010 by HardMoney Writer
Federal Reserve officials, increasingly concerned over signs the economic recovery is faltering, are considering new steps to bolster growth.
With Congress tied in political knots over whether to take further action to boost the economy, Fed leaders are weighing modest steps that could offer more support for economic activity at a time when their target for [...]
Tags: credit markets, economic recovery, economy, Federal Reserve, financial crisis, Financial Markets, hard money lender, interest rates, mortgage, mortgage rates, unemployment rate
WORLD FOREX: Dollar Draws Wary Investors,Focus Turns To G-20
June 25th, 2010 by HardMoney Writer
The dollar was slightly stronger versus the euro Friday as top leaders from the G-20 gathered to discuss the world’s economic woes, with equities softening and investors mulling fresh worries about the rising cost of insuring Greek debt.
Markets are focusing on the meeting of the leaders of the Group of 20 industrialized and emerging nations [...]
Tags: central bank, economic recovery, European economy, eurozone economic, Financial Markets, investments, investor, stock market
Recovery fears dog European shares; banks fall
June 24th, 2010 by HardMoney Writer
* FTSEurofirst 300 index down 0.8 pct
* Banks, miners fall on growth worries
* Adidas pressured as Nike warns on costs
European share pricess were down at midday on Thursday, on track for a third straight session of falls as a downbeat assessment of the U.S. economy by the Federal Reserve weighed on sentiment, hitting banks and [...]
Tags: debt crisis, economic recovery, Federal Reserve, financial market, Hard Money Loans, JPMorgan, US Economy
Euro hits multi-year low, recovers on short covering
June 7th, 2010 by HardMoney Writer
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency.
European corporate demand helped lift the euro after it touched $1.1876, its weakest level since March 2006. But it [...]
Tags: debt crisis, Dow Jones Industrial, economic recovery, European Central Bank, european union, eurozone economy, financial, financial crisis, hard money, stock market
UT economy update finds recovery, slow job growth
June 5th, 2010 by HardMoney Writer
Tennessee’s economy is slowly recovering from the Great Recession but employment probably won’t be back at pre-recession levels until 2013 or later, according to a University of Tennessee study.
The report by the UT Center for Business and Economic Research is a spring update to the annual Report to the Governor, which the administration uses in [...]
Tags: businesses, debt crisis, economic recovery, economy, financial, financial crisis, global recovery, unemployment, US Economy
Treasuries Little Changed Before U.S. Report on Home Resales
June 2nd, 2010 by HardMoney Writer
Treasuries were little changed before an industry report that economists said will show pending U.S. home resales rose for a third month in April.
“The market is going through a toss and turn,” said Thomas Tucci, head of U.S. government bond trading in New York at Royal Bank of Canada, one of 18 primary dealers obligated [...]
Tags: borrowers, debt crisis, economic recovery, economy, European stocks, financial market, global economic, hard money news, interest rates, US Economy
Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/hardmone/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/hardmone/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35