Housing Market

New Data Show Slow Recovery for U.S. Housing and Unemployment

By , Contributing Writer, Money Morning -

Recent data suggests that crises in the job and housing markets have begun to subside. But a thorough examination of the numbers suggests the U.S. economy still has a lot of healing to do. Government reports released today (Thursday) revealed the number of Americans filing initial claims for unemployment benefits was lower than forecast last […]

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Mortgage Applications Slump but Housing Market Continues to Battle Back

By , Contributing Writer, Money Morning -

By Don MillerAssociate EditorMoney Morning Mortgage applications plummeted last week as a surge in interest rates put the brakes on the mortgage-refinancing boom. The Mortgage Banker's Association yesterday (Wednesday) said that its seasonally adjusted index of applications fell 16% in the week ended May 29.  The industry group reported its gauge, which includes both purchases […]

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The Slow Death of General Motors

By , Money Morning -

By Martin Hutchinson Contributing Editor Money Morning U.S. President Barack Obama's firing of General Motors Corp. (GM) Chief Executive Officer G. Richard Wagoner Jr. may be the beginning of the final act of a long and sad drama - the slow death of GM. The company nameplate may soldier on in some form, but it […]

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The Real Reason for the Global Financial Crisis...the Story No One's Talking About

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

[Part I of a three-part series looking at how so-called “credit default swap” derivatives could ignite a worldwide capital markets meltdown.] By Shah GilaniContributing Editor Are you shell-shocked? Are you wondering what's really going on in the market? The truth is probably more frightening than even your worst fears. And yet, you won't hear about […]

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Dueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett's Housing Expert Sees Rebound Under Way

By , Money Morning -

From Staff Reports When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another - once again underscoring how tough it is for investors to predict when the U.S. economy will turn around. Jim Rogers, a best-selling author who co-founded the famed […]

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