The Cash Advantage (Even When Rates Are Low)

Posted on March 30, 2008 by MoneyBob

By J. ALEX TARQUINIO Published: March 16, 2008 ALTHOUGH short-term interest rates have been dropping, many advisers still recommend that investors hold plenty of cash — and that they keep it in safe and simple accounts. “The biggest mistake people make is reaching for yield and putting their capital at risk,” said David Darst, the [...]

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CNNMoney.com – Interest Rates Tumble

Posted on March 24, 2008 by MoneyBob

CNNMoney.com The bond yield tumble, and the economy Monday March 24, 7:15 am ET By Paul R. La Monica, CNNMoney.com editor at large Bond yields have plunged in the past few weeks. And even if you are not an active investor, you should care about what’s been going on in the bond markets lately. Here’s [...]

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Economic Update – March 9,2008

Posted on March 9, 2008 by MoneyBob

Housing Foreclosures hit an all time high of 0.83% of all mortgages nationwide. Over 5.8% of homeowners were behind in their mortgage payments, the largest number in more than two decades. House prices lost a staggering 8.9% in 2007 – and they’re still dropping. The supply of unsold houses rose to 4 million, or to [...]

Filed under: Alan Abelson, Aluminium, Credit Crunch, Economy, Foreclosure, Income, Real Estate, economics | Tagged: , , , , , , , , , , , , , , | 4 Comments »

By STEPHEN S. ROACH – from Hong Kong

Posted on March 7, 2008 by MoneyBob

March 5, 2008 Op-Ed Contributor Double Bubble Trouble By STEPHEN S. ROACH Hong Kong AMID increasingly turbulent credit markets and ever-weaker reports on the economy, the Federal Reserve has been unusually swift and determined in its lowering of the overnight lending rate. The White House and Congress have moved quickly as well, approving rebates for [...]

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Housing In Deepest Decline Since The Great Depression

Posted on March 7, 2008 by MoneyBob

Rapid Deterioration Housing in deepest decline since the Great Depression, economist says By Steve Kerch, MarketWatch Last update: 4:48 p.m. EST March 4, 2008 CHICAGO (MarketWatch) — Housing is in its “deepest, most rapid downswing since the Great Depression,” the chief economist for the National Association of Home Builders said Tuesday, and the downward momentum [...]

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Foreclosures Hit All-Time High

Posted on March 7, 2008 by MoneyBob

Foreclosures hit all-time high Over 900,000 borrowers are losing their homes, up 71% from a year ago, and a record number of home owners are behind on payments. By Les Christie, CNNMoney.com staff writer Last Updated: March 6, 2008: 2:25 PM EST NEW YORK (CNNMoney.com) — More home owners than ever are losing the battle [...]

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U.S. Stocks Drop to 18-Month Low After Foreclosures Hit Record

Posted on March 6, 2008 by MoneyBob

By Michael Patterson March 6 (Bloomberg) — U.S. stocks fell to an 18-month low, led by banks, after home foreclosures climbed to a record and loan defaults by Thornburg Mortgage Inc. and a Carlyle Group bond fund spurred concern that credit losses are deepening. Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. [...]

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Treasuries Rise on Speculation Credit-Market Losses to Deepen

Posted on March 6, 2008 by MoneyBob

March 6 (Bloomberg) — Treasuries rose and three-month bill rates fell to the lowest level since 2004 on concern that the Federal Reserve may be unable to prevent credit-market losses from deepening. Investors sought the safety of government debt as Citigroup Inc. planned to pare its U.S. residential unit’s mortgage and home-equity holdings by about [...]

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