Consumer borrowing in the U.S. declined for a sixth straight month in July, indicating Americans are reluctant to take on more debt without faster job growth.
The $3.6 billion decrease followed a revised $1 billion drop in June that was less than initially estimated, the Federal Reserve said today in Washington. Economists projected a $4.7 billion [...]
Posts Tagged ‘economists’
Consumer Credit in U.S. Fell $3.6 Billion in July, Fed Says
September 8th, 2010 by HardMoney Writer
Tags: borrower, consumers, economic growth, economic recovery, economists, foreclosure, home equity, JPMorgan, real estate
more...Canadian Companies Plan to Increase Jobs in Fourth Quarter, Manpower Says
September 7th, 2010 by HardMoney Writer
Canadian employers plan to increase hiring in the fourth quarter, led by miners and durable goods manufacturers, according to a survey by Manpower Inc.
The net employment outlook, which subtracts the percentage of companies planning to cut jobs from the percentage that say they’ll hire, was positive for a fifth straight quarter. The outlook posted a [...]
Tags: chief economist, economists, financial crisis, global economic, interest rates, investors, unemployment, us manufacturing
A Step-By-Step Guide to Finding a Hard Money Lender
September 3rd, 2010 by HardMoney Writer
Wouldn’t it be nice if you have a bottomless well of money in your backyard? Just imagine all the mansions you can buy, the places you can visit, and the cars you can drive with all that money! Sad to say, however, such a thing doesn’t exist. It if does, then all the people on [...]
Tags: business, economic growth, economists, hard money lender, Hard Money Loans, investments, lenders, money, real estate investors
Wall Street Surges After Upbeat Economic Reports
September 1st, 2010 by HardMoney Writer
Shares on Wall Street surged Wednesday, following the direction of indexes in Asia and Europe, after a crucial manufacturing gauge in the United States unexpectedly rose in August and earlier indicators showed strong growth in China and Australia.
The Institute for Supply Management said that its index of manufacturing activity reached 56.3 points in August, up [...]
Tags: Dow Jones Industrial, economists, economy, financial, Financial Markets, global economic, interest rates, investors, unemployment rate, wall street
Analysis: The uncomfortable mathematics of monetary policy
August 29th, 2010 by HardMoney Writer
Bigger, as the Federal Reserve may soon discover, is not always better.
The prospect of a renewed effort by the U.S. central bank to drive down already super-low borrowing costs raises the issue of whether such measures can help stimulate a recovery that is faltering due to a lack of consumer demand.
The sorry state of the [...]
Tags: ben bernanke, borrowers, central bank, economists, Federal Reserve, financial crisis, interest rates, macro economy, mortgages, US Economy
PRECIOUS METALS: Gold Futures Pull Back After Bernanke Speech
August 27th, 2010 by HardMoney Writer
Gold futures have eased slightly after comments from the head of the U.S. Federal Reserve about deflation, but the metal isn’t losing much ground as concerns about the economic recovery continue to support it as a refuge investment.
The most actively traded gold contract, for December delivery, was recently down $1.50, or 0.1%, at $1,236.20 an [...]
Tags: economic recovery, economists, Federal Reserve, Gold & Precious Metals, home sales, us bank central, US Economy
Treasuries Rise, 10-Year Yield Drops to 19-Month Low on Signs of Slowdown
August 25th, 2010 by HardMoney Writer
Treasuries gained, pushing the yield on the 10-year note to the lowest level in 19 months, as new home sales unexpectedly dropped in July to a record low and orders for durable goods rose less than economists forecast.
Yields on 5-year notes dropped to the lowest level since December 2008 before the government’s $36 billion auction [...]
Tags: commerce department, economic recovery, economists, financial system, home sales, housing market, US Economy
Index of U.S. Leading Economic Indicators Rose 0.1% in July
August 19th, 2010 by HardMoney Writer
The index of U.S. leading indicators rose in July for the second time in four months, extending a see-saw pattern that indicates slower growth through the end of the year.
The 0.1 percent gain in the New York-based Conference Board’s gauge of the prospects for the economy in the next three to six months followed a [...]
Tags: consumers, economic activity, economic growth, economic recovery, economists, Federal Reserve, JPMorgan, leading indicators, unemployment rate, US Economy
Treasury Two-Year Note Yield Near Record Low Before Fed’s Meeting Tomorrow
August 9th, 2010 by HardMoney Writer
Treasury two-year note yields held at about the lowest on record amid speculation the Federal Reserve may consider additional stimulus to sustain the U.S. recovery.
The benchmark 10-year note advanced earlier, pushing the yield to the lowest level since April 2009 before the Federal Open Market Committee’s meeting tomorrow. The U.S. government is preparing to sell [...]
Tags: commerce department, economic growth, economists, economy recovery, Federal Reserve, financial crisis, subprime mortgage, US Economy
Stocks slump on dour jobs report
August 6th, 2010 by HardMoney Writer
Stocks tumbled Friday after the government reported a larger-than-expected drop in U.S. payrolls, stoking concerns about the wavering economic recovery.
The Dow Jones industrial average (INDU) fell 70 points, or 0.7%, about one hour into the session. The S&P 500 (SPX) index slid 9 points, or 0.8%, and the Nasdaq (COMP) composite lost 18 points, or [...]
Tags: central bank, Dow Jones Industrial, economists, economy recovery, Fannie Mae, Federal Reserve, financial market, mortgages, private sector, world econmic
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