Interesting Stories Of The Day
Taxpayers May Be Liable for Billions From Bear, Mortgage Rescue Even as the Bush administration insists it won’t risk public funds in a bailout, American taxpayers may already be liable for billions of dollars stemming from Federal Reserve and Treasury efforts to quell a financial crisis. History suggests the Fed may not recover some of [...]
Consumer Confidence: Why Do We Care
Why Investors Care About Consumer Confidence: The pattern in consumer attitudes and spending is often the foremost influence on stock and bond markets. For stocks, strong economic growth translates to healthy corporate profits and higher stock prices. For bonds, the focus is whether economic growth goes overboard and leads to inflation. Ideally, the economy walks [...]
Weekly Economic Calender
Series of events listed for this week: The Standard & Poor’s/Case-Shiller national home price index for January will be released Tuesday. On the housing front, the latest quarter’s results from Lennar Corp. (LEN) and KB Home (KBH) are due Thursday and Friday, respectively. The Conference Board’s Consumer Confidence Index for March will be released Tuesday. [...]