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Tag: "economy"

How Will European Bank Failures Impact U.S. Banks, Cities?

While the U.S. Stock Market seems temporarily comforted by statements from the major European Union powers that shaky banks in Europe will be bailed out, some analysts in the U.S. are not so convinced. Conservative analysts at Weiss Ratings maintain that bank failure in Europe will have a domino effect in the U.S. and will [...]

Are We in for a Triple-Dip Recession?

It’s part of what Clear Capital does to regularly get out the crystal ball and predict what will occur in the real estate market in the coming months. The market analysts at Clear Capital have published their first look at 2012 and believe it will be more of the same, or worse. In fact, Clear [...]

More on Attorney Generals Robo-Signing Squabble

As a result of the public objections New York Attorney General, Eric Schneiderman made concerning the impending settlement between the states and a group of major lenders over mortgage document improprieties, Schneiderman was dismissed from the Executive Committee for the settlement by its chair, Iowa Attorney General Tom Miller. Now 21 members of New York’s [...]

Dodd-Frank Moving Forward Despite Opposition Over Impact on Real Estate

Despite some controversy over how the Dodd-Frank provisions will impact recovery of the housing market, the provisions of the act are moving forward. The FDIC and Federal Reserve have approved provisions that require all lenders with $50 billion in assets or more to prepare detailed bankruptcy blueprints so that these bigger lenders can be liquidated [...]

Federal Reserve Beige Book: Residential Real Estate is Weak Overall

The Federal Reserve economic summary from the field offices mid-July through August 2011 shows only modest economic recovery, and in the area of housing, most markets are considered weak.  The basis of the report is anecdotal evidence from sources outside each regional Federal Reserve branch. The only branches reporting moderate economic gains were St. Louis, [...]

Fannie Mae Monthly Report Reflects Consumer Pessimism

Each month Fannie Mae takes the pulse of the economy in its Survey and it found in August growing pessimism on the part of the American public on a range of economic problems from the housing crisis to household finances, to the economy in general. A total of 78% of the Americans surveyed said that [...]

Obama’s New Stimulus Plan Gets Mixed Reaction

Thursday President Obama revealed the outline of a jobs bill he plans to have introduced in Congress called the American Jobs Bill. There appears not to be a completed final document, but a factsheet is available at the White House site. Tax cuts represent the lion’s share of the bill at $240 billion. The payroll [...]

Increased Chance of Recession Predicted

Moody’s Analytics has revised its near-term assessment of the U.S. economy in the past month as a result of the calamitous national debt debate and the lowering of the U.S. credit rating by Standard & Poor’s. Moody’s now estimates that the annualized real gross domestic product will grow by 2% in the second half of [...]

Commerce Department Indicates GDP is Flat lining

The Commerce Department’s estimate of the growth that occurred in the U.S. economy in the 2nd quarter of 2011 was revised downwards in its Aug. 26 2nd quarter report. The economy grew at an almost flat 1% during the 2nd quarter of 2011, adding to the downgraded GDP of .4% in the first quarter to make the actual growth for the first half of 2011 only 1.4%.

Another Idea for Stimulating Economy: Forgive Consumer Debt

Yale’s Jackson Institute senior fellow and nonexecutive chairman of Morgan Stanley Asia, Stephen Roach, has proposed that relieving over-leveraged Americans of their consumer debt is one “simple” way to quickly get through the current debt pain experienced in the economy. Debt forgiveness was last tried in the 1930s at the height of the Great Depression. [...]