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Friday, August 12, 2011

S&P: How The U.S. Sovereign Downgrade Affects Municipal Housing

How The U.S. Sovereign Downgrade Affects Municipal Housing (00:03:34 min)

After downgrading the U.S. to ‘AA+’ from ‘AAA’ on Aug. 5, 2011, Standard & Poor's lowered its ratings on many U.S. companies and government-sponsored entities with financial ties to the sovereign.

Thursday, August 11, 2011

WSJ: Roubini Warns of Global Recession Risk

Roubini Warns of Global Recession Risk
8/11/2011 6:42:02 PM

Economist Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy's direction. In an interview with WSJ's Simon Constable, Roubini also says he's putting his money in cash. "This is not the time to be in risky assets," he says.

Bloomberg: First-Time Jobless Claims in U.S. Unexpectedly Decrease to Four-Month Low

Related News: Bloomberg, Economy, U.S.
First-Time Jobless Claims in U.S. Unexpectedly Decrease to Four-Month Low
By Bob Willis - Aug 11, 2011 08:19 PM GMT

Claims for U.S. unemployment benefits unexpectedly dropped last week to a four-month low, signaling the job market is being hampered by a lack of hiring rather than more firings.

CNNMoney: Mortgages rates keep falling: 30-year nears record low

Mortgages rates keep falling: 30-year nears record low
By Les Christie August 11, 2011: 3:17 PM ET


NEW YORK (CNNMoney) -- Just when it seemed mortgage rates weren't going to get any lower, they started testing new lows.

CNNMoney: Unemployment claims fall to 4-month low

Unemployment claims fall to 4-month low
By Annalyn Censky @CNNMoney August 11, 2011: 9:55 AM ET

NEW YORK (CNNMoney) -- At a time when the economy seems to be hanging by a thread, the Labor Department reported at least some better news about the job market Thursday.

U.S. Consumer Confidence Declines to Lowest Since May in Bloomberg Index

Related News: Bloomberg, U.S., Economy
U.S. Consumer Confidence Declines to Lowest Since May in Bloomberg Index
By Jillian Berman - Aug 11, 2011 05:45 AM GMT-0800

Consumer confidence dropped last week to the lowest level since mid-May as American high earners, homeowners and those working full time turned more pessimistic.

CNNMoney: Foreclosures fall for 10th straight month

Foreclosures fall for 10th straight month
By Les Christie August 11, 2011: 5:27 AM ET

NEW YORK (CNNMoney) -- Foreclosure filings dropped once again in July, hitting their lowest level since November 2007, as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes.

Wednesday, August 10, 2011

Bloomberg: Cut in Household Spending Points to Recession

Related News: Bloomberg, Canada, Retail, Economy, Currencies, Italy, Municipal Bonds, US
Cut in Household Spending Points to Recession
By Shobhana Chandra and Steve Matthews - Aug 11, 2011 04:01 AM GMT

Recession signals in the world’s largest economy are flashing red again.

CNNMoney: Roubini: Double dip more likely

Strategy Sessions
Roubini: Double dip more likely

Roubini: Double dip more likely 
Economist Nouriel Roubini says the chances of a double dip recession have increased given the market plunge, weak housing market and structural weaknesses in the economy. Play

CNNMoney: Recession 2.0 would hurt worse

RECOVERY AT RISK
Recession 2.0 would hurt worse
By Chris Isidore @CNNMoney August 10, 2011: 10:25 AM ET

NEW YORK (CNNMoney) -- The risk of double dip recession is rising.