Archive for December, 2008
U.S. House Prices and 2009 Growth Prospects
U.S. House Prices and 2009 Growth Prospects
The range of U.S. growth forecasts in 2009 is about twice as wide as the one-percentage point band one typically finds at the start of a calendar year. Housing, a root cause of the recession, remains a main source of uncertainty over how much longer the downturn will last […]
Stocks Rise On GMAC/Dollar Mostly Lower
Stocks Rise On GMAC/Dollar Mostly Lower
The U.S. Treasury announced late Monday it will commit $6 billion to support GMAC’s effort to become a bank holding company in an effort designed to increase the availability of financing for G.M.’s dealers and retail customers. The Fed has already approved the firm’s application.
The auto lender didn’t write a […]
US Dollar Ends Day Down As Consumer Confidence Falls To Worst Level Since At Least 1967
US Dollar Ends Day Down As Consumer Confidence Falls To Worst Level Since At Least 1967 Euro Maintains Wide Ranges as Euro-zone Data Suggest ECB Will Cut Rates on January 15 British Pound Reaches New Record Low (Again) vs. Euro on Bleak UK Economic, Interest Rate OutlookJapanese Yen Ends Monday Mixed, GBP/JPY Hits Fresh […]