US Could Face Second Recession In 2010
Although the U.S. economy is expected to return to growth later this year, there is a danger of a second recession if monetary easing and a weak dollar leads to increased inflation expectations, a report said on Wednesday. Massive stimulus spending and moves by the Federal Reserve to fuel economic activity is expected to jump-start [...]
Foreclosures Keep Rising – No End In Sight
Foreclosure Report: Foreclosures up 30 percent in February Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year’s levels, RealtyTrac reported Thursday. Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last month, up 6 percent from January, [...]
China Is Where You Should Be Investing
Recently I received an interesting newsletter describing why China is where you should be investing…I have edited the newsletter to focus on the main story… America’s biggest benefactor—the Chinese government—is about to pull the plug on the U.S. markets. The giant sucking sound you hear will be what’s left of your wealth going down the [...]