Are Households More Prudent Now?
Posted: 3/29/2011 10:55:00 AM
Discussions of the lessons learned from the financial crisis generally turn, in part, to the behavior of American households. Experts have been quick to point out that saving was unsustainably lo…
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Policy Focus Needs to Shift on Foreclosures
Posted: 3/16/2011 10:22:00 AM
Last week, the House Financial Services Committee approved legislation that would bring the Home Affordable Modification Program (HAMP) to an end. HAMP aims to reduce the mortgage payments of tro…
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Expect More Defaults and Foreclosures Over the Next Year
Posted: 12/17/2010 3:50:00 PM
The U.S. Census Bureau reported yesterday housing starts – the number of privately owned new housing units for which construction began -- rose 4 percent in November, a seemingly cheery developmen…
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Economy Ascends from Summer Soft Patch
Posted: 12/1/2010 5:50:00 PM
The economy “continued to improve, on balance” in October and November according to the Federal Reserve’s ‘beige book’ released today—a far more positive tone than previous reports this year.
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Should the Fed Make More Large-Scale Asset Purchases?
Posted: 9/8/2010 6:11:00 PM
Last Friday’s labor market report was better than expected and provided comfort to some who feared the U.S. economy was heading into a double dip. The news also took some pressure off the Federal …
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