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The weekend edition of ‘USA Today’ (May 15-17, 2009) featured a front page story titled “Feds Face Big Losses in Home Market”.
The article points out that the federal government, or in reality the taxpayers, own more than 50,000 houses and is having some trouble unloading them. Incidentally, that many houses would fill the cities of Riverside, California or Miami, Florida.
Posted in GeneralHear that noise?
It’s the sound of folks rushing optimistically back into the stock markets of the world.
Posted in GeneralThis headline was located on the front page of “The Wall Street Journal” Monday, May 11, 2009.
The article outlines how investors worldwide are piling money back into markets; markets many thought were too risky only a few short weeks ago. This has caused stock prices to increase in several markets. Brazil’s Bovespa stock index is up 75% since its October lows. Across the emerging-market world, stocks are up 50% since the beginning of March, according to the MSCI Emerging Markets Index which tracks 23 different markets worldwide. (Source: “The Wall Street Journal” 5/11/2009)
Posted in General