GAO Chief Warns Economic Disaster Looms - washingtonpost.com::
So the majority of the public appears to agree with Walker that the deficit is a . But a big jump in interest rates could cause economic catastrophe.
http://www.washingtonpost.com/wp-dyn/content/article/2006/10/28/AR2006102800420_pf.htmlHOME |
Nearly two out of three people surveyed say the Federal Reserve needs to cut interest rates to improve the ailing U.S. housing market, according to a new poll conducted by Housing Predictor.
The online survey was conducted by Housing Predictor, which forecasts more than 250 local housing market futures in all 50 states. A large majority of 64% of those surveyed said the Fed needs to cut interest rates further to help get the housing market on the course to recovery. While 36% said they do not need to cut rates.
The survey was conducted during the month of November before Federal Reserve Board Chairman Ben Bernanke made remarks last Thursday, indicating the Fed will do what’s needed to assist the housing market and other financial markets to get on track to recovery from the credit crunch. The national economy has been riddled by a series of down falls since the subprime crisis developed this last summer.
The Jobs Letter No.26::
If they did this, interest rates would fall, and growth and employment levels . Source - The Dominion 30 September 1995 "Cut dpb and limit dole, says
http://www.jobsletter.org.nz/jbl02600.htmHOME |
Real Estate Bubble - Housing Bubble::
Everyone who takes a mortgage with an adjustable interest rate is gambling. The U.S. has finally slid into recession, according to the majority of
http://www.nationalbubble.com/HOME |
Foreclosures are at record highs and reports indicate the epidemic of foreclosures has doubled over the last year. More than two million adjustable rate mortgages are set to reset in the next 18 months, which will provide another round of foreclosures. Home prices are falling at the fastest rate since the Great Depression in many housing markets and economists generally see no end in sight to the financial chaos.
The Fed has cut interest rates twice and injected more money into the economy in an attempt to settle the problems in the last quarter, but the cuts have done little else to lower interest rates on home mortgages, which are still historically at low levels. However, after more than a decade of low lending rates the mortgage market has been riddled by a series of problems, including widespread mortgage fraud and lender misrepresentations.
A slowdown in U.S. economy, yes, but a mild one | csmonitor.com::
Feb 27, 2008 Many economists say the stimulus plan and rate cuts will help soften the The Federal Reserve has been cutting interest rates and many
http://www.csmonitor.com/2008/0227/p01s02-usec.htmlHOME |
The problems started in subprime mortgages made to those with risky credit that would adjust upward after a short period, and then moved into the conventional lending markets. At least one million home owners have lost their homes as a result of the crisis and Housing Predictor has forecast that at least another 2-million will be foreclosed through 2009.
The extent of the crisis has just begun to effect the nation’s overall economy. Wall Street investors have become nervous over economic uncertainty. While many companies, including credit card and auto lenders have seen delinquencies rise.
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