CNNMoney
Low-ball appraisal: Mortgage denied
By Les Christie @CNNMoney March 30, 2012: 5:28 AM ET
NEW YORK (CNNMoney) -- You find the home of your dreams. You're pre-approved for a mortgage. You've scheduled the closing. Then ... the appraisal comes in too low and the deal blows up.
Friday, March 30, 2012
Wednesday, March 28, 2012
Bloomberg: Orders for Durable Goods in U.S. Show Sustained Demand: Economy
Bloomberg
Orders for Durable Goods in U.S. Show Sustained Demand: Economy
By Timothy R. Homan - Mar 28, 2012 08:50 AM
Orders placed with U.S. factories for durable goods rose in February for a fourth month in the last five, signaling manufacturing will remain a source of strength for the expansion.
Orders for Durable Goods in U.S. Show Sustained Demand: Economy
By Timothy R. Homan - Mar 28, 2012 08:50 AM
Orders placed with U.S. factories for durable goods rose in February for a fourth month in the last five, signaling manufacturing will remain a source of strength for the expansion.
USA Today: Durable goods orders rise 2.2% in February
Durable goods orders rise 2.2% in February
WASHINGTON (AP) – U.S. companies ordered more long-lasting goods last month, showing businesses are willing to buy equipment and machinery even after an investment tax credit was halved.
WASHINGTON (AP) – U.S. companies ordered more long-lasting goods last month, showing businesses are willing to buy equipment and machinery even after an investment tax credit was halved.
Fortune: Bill Gross says it's time for investors to plan a "Great Escape"
Bill Gross says it's time for investors to plan a "Great Escape"
By Stephen Gandel, senior editor March 28, 2012: 5:00 AM ET
Bond king Bill Gross says it's time to get your portfolio ready for a long-period of lower market returns.
FORTUNE -- Apparently, Bill Gross picks movies as well as investments.
Bond investor Gross, who runs the world's largest mutual fund Pimco Total Return (PTTRX), is known for his quirky letters to investors. In the past he has dispensed love advice (specifically for Europe) and written about why he hates automatic flush toilets. His letter this month, which came out on Tuesday, instead offers movie advice. Gross' big screen pick is The Great Escape.
Tuesday, March 27, 2012
MarketWatch: Bernanke says he is sleeping a little better
MarketWatch
Market Pulse Archives
March 27, 2012, 4:39 p.m. EDT
Bernanke says he is sleeping a little better
By Greg Robb
WASHINGTON (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke said Tuesday that he is sleeping a little better at night because "things are moving in the right direction." In an interview with ABC's Diane Sawyer to air Tuesday night on "World News," Bernanke said the financial system looks stronger. But Bernanke said it is important not to be "complacent." The Fed chairman said gas prices pose only a "moderate" risk to growth. He said the Fed should not change policy too quickly. Bernanke said he was not taking any options off the table. He said the Fed saying that rates would stay exceptionally low until late 2014 was not a guarantee. "If things get a lot stronger or weaker, we'll have to change our plans," he said.
Market Pulse Archives
March 27, 2012, 4:39 p.m. EDT
Bernanke says he is sleeping a little better
By Greg Robb
WASHINGTON (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke said Tuesday that he is sleeping a little better at night because "things are moving in the right direction." In an interview with ABC's Diane Sawyer to air Tuesday night on "World News," Bernanke said the financial system looks stronger. But Bernanke said it is important not to be "complacent." The Fed chairman said gas prices pose only a "moderate" risk to growth. He said the Fed should not change policy too quickly. Bernanke said he was not taking any options off the table. He said the Fed saying that rates would stay exceptionally low until late 2014 was not a guarantee. "If things get a lot stronger or weaker, we'll have to change our plans," he said.
ABC: EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy
ABC News Radio
EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy
(WASHINGTON) -- The U.S. economy is "stronger and more stable" than it was a year ago and the financial stress in Europe is easing, but many challenges remain including adding more jobs for the long-term unemployed and getting the housing market back on track, Federal Reserve Chairman Ben Bernanke said in an ABC News interview Tuesday.
[See the full transcript of Bernanke's exclusive interview with ABC News' Diane Sawyer]
EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy
(WASHINGTON) -- The U.S. economy is "stronger and more stable" than it was a year ago and the financial stress in Europe is easing, but many challenges remain including adding more jobs for the long-term unemployed and getting the housing market back on track, Federal Reserve Chairman Ben Bernanke said in an ABC News interview Tuesday.
[See the full transcript of Bernanke's exclusive interview with ABC News' Diane Sawyer]
Monday, March 26, 2012
CNNMoney: Bernanke: Job gains present economic 'puzzle'
CNNMoney
Bernanke: Job gains present economic 'puzzle'
By Annalyn Censky @CNNMoney March 26, 2012: 10:51 AM ET
WASHINGTON (CNNMoney) -- Stronger job growth has brought "good news" recently, but overall, it remains "out of sync" with the modest growth of the U.S. economy, Federal Reserve Chairman Ben Bernanke said Monday.
Bernanke: Job gains present economic 'puzzle'
By Annalyn Censky @CNNMoney March 26, 2012: 10:51 AM ET
WASHINGTON (CNNMoney) -- Stronger job growth has brought "good news" recently, but overall, it remains "out of sync" with the modest growth of the U.S. economy, Federal Reserve Chairman Ben Bernanke said Monday.
Bloomberg: Pimco’s Gross Says Fed May ‘Hint’ at QE3 at April Meeting
Bloomberg
Pimco’s Gross Says Fed May ‘Hint’ at QE3 at April Meeting
By Wes Goodman - Mar 25, 2012 09:54 PM
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said the Federal Reserve will probably signal it plans to arrange a third round of debt purchases when policy makers meet in April.
Pimco’s Gross Says Fed May ‘Hint’ at QE3 at April Meeting
By Wes Goodman - Mar 25, 2012 09:54 PM
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said the Federal Reserve will probably signal it plans to arrange a third round of debt purchases when policy makers meet in April.
Bloomberg: Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities
Bloomberg
Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities
By Joe Richter - Mar 25, 2012 9:21 PM
Hedge funds wagered the wrong way on commodity prices for a fourth consecutive week, boosting bullish holdings just before reports showing a contraction in manufacturing from China to Europe drove prices lower.
Hedge Funds Make Wrong-Way Bets for a Fourth Week: Commodities
By Joe Richter - Mar 25, 2012 9:21 PM
Hedge funds wagered the wrong way on commodity prices for a fourth consecutive week, boosting bullish holdings just before reports showing a contraction in manufacturing from China to Europe drove prices lower.
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