|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
Search
My Favorite Web Logs
Recent Articles
This Month
Month Archive
Login
|
Thursday, October 8
US deficit 'hits record $1.4tn'
by
Jet-to-Let Magazine
on Thu 08 Oct 2009 16:47 BST
The US budget deficit hit a record $1.4 trillion (£877bn) in the year to 30 September, US Congress estimates say. Analysts had predicted a $1.6tn deficit but revised the estimate, which comes after the end of the US financial year. The deficit was equal to 9.9% of gross domestic product ... more » Tuesday, April 28
US house prices continue to fall
by
Jet-to-Let Magazine
on Tue 28 Apr 2009 09:01 BST
US house prices continued to fall in February, but the rate of decline in some markets is slowing down, a leading index has indicated. Prices were 18.6% lower than in February 2008, the Standard & Poor's/Case-Shiller Home Price index said. This was slightly better than the 19% annual fall seen ... more » Thursday, March 19
Dollar slides after US Fed plan
by
Jet-to-Let Magazine
on Thu 19 Mar 2009 11:25 GMT
The dollar has fallen against all major currencies after the US Federal Reserve announced a plan to buy $1.2tn (£843bn) of debt to boost its economy. The dollar fell by 2.9% against the euro and by 2.5% against the pound. The US currency also declined against the yen, the Norwegian ... more » Wednesday, January 28
US interest rates kept near zero
by
Jet-to-Let Magazine
on Wed 28 Jan 2009 11:29 GMT
The US Federal Reserve has kept interest rates unchanged but has pledged to "employ all available tools" to revive the economy. Last month, the central bank cut rates as low as they can go - to a range of zero to 0.25%. The Fed said it was prepared to use ... more » Monday, December 29
US consumer confidence at low with record fall in house prices
by
Jet-to-Let Magazine
on Mon 29 Dec 2008 17:24 GMT
American house prices fell by their fastest rate on record last month amid deep pessimism over the economy and the expectation of the worst Christmas shopping figures for 40 years. The data reveal that the world's biggest economy shows no sign of recovery. This will increase pressure on Barack Obama, ... more » Sunday, December 28
After the pain, America prepares to bounce back
by
Jet-to-Let Magazine
on Sun 28 Dec 2008 17:20 GMT
We Americans can now fill the capacious tanks of our 4x4s at almost half the price that prevailed a few months ago. The interest rate on mortgages is lower than it has been in almost four decades, so applications are soaring to levels not seen in five years. The unemployment ... more » Friday, November 7
Massive interest rate cut fails to lift stock market
by
Jet-to-Let Magazine
on Fri 07 Nov 2008 10:59 GMT
The largest interest rate cut for more than 25 years failed to prevent yet another sell-off by stock market investors yesterday, as the dramatic impact of a 1.5 percentage point reduction from the Bank of England was undermined by the worst housing market figures in living memory and a disastrous ... more » Thursday, November 6
European Central Bank Lowers Benchmark Interest Rate to 3.25%
by
Jet-to-Let Magazine
on Thu 06 Nov 2008 09:27 GMT
The ECB cut rates by 50 bp, with the key refi rate now at 3.25%. This was in line with consensus expectations, but there had been some speculation of a bolder move, especially after the BoE cut rates by a massive 150 bp earlier today. As usual there was no ... more » Wednesday, October 29
Fed cuts to 1%
by
Jet-to-Let Magazine
on Wed 29 Oct 2008 14:48 GMT
A 1% interest rate got Alan Greenspan into trouble, being widely blamed - probably a bit too much - for stoking up the housing boom. But the Fed under Ben Bernanke is back there again, having cut by half a percentage point. In its statement the Federal Open Market Committee ... more » Tuesday, October 28
Still no end in sight
by
Jet-to-Let Magazine
on Tue 28 Oct 2008 11:59 GMT
THOSE looking for an end to America's housing bust will have to wait a little longer. Although sales of new homes rose slightly in September, prices are continuing to fall fast. On Tuesday October 28th the S&P/Case-Shiller index of house prices for ten cities showed a record decline of 17.7% ... more » Friday, October 24
Freddie Mac's September portfolio fell 37.9 percent
by
Jet-to-Let Magazine
on Fri 24 Oct 2008 11:23 BST
NEW YORK, Oct 24 (Reuters) - Freddie Mac (FRE.P: Quote, Profile, Research), the second-largest U.S. home funding company, on Friday said its mortgage investment portfolio shrank by an annualized 37.9 percent rate in September. The portfolio decreased to $736.9 billion, the McLean, Virginia-based company said in its monthly volume summary. ... more » Thursday, September 11
US mortgage rates weekly drop most in over 28 yrs
by
Jet-to-Let Magazine
on Thu 11 Sep 2008 15:41 BST
Interest rates on U.S. 30-year fixed-rate mortgages fell by 0.42 percentage point in the latest week, the biggest weekly drop in more than 28 years, according to a survey released on Thursday by home funding company Freddie Mac. The drop, which drove 30-year fixed rates to an almost five-month low, ... more » Wednesday, August 13
Credit crisis halfway over "at best"
by
Jet-to-Let Magazine
on Wed 13 Aug 2008 15:18 BST
A year-long credit crisis may be only halfway over and defaults of prime mortgages and problems at U.S. bond insurers are expected to exert a drag on future bank earnings, Standard & Poor's said on Wednesday.
Defaults and late payments for mortgages known as Alt-A securities and prime mortgages are ... more » Thursday, May 29
America's house prices are falling even faster than during the Great Depression
by
Jet-to-Let Magazine
on Thu 29 May 2008 18:47 BST
AS HOUSE prices in Wednesday, May 28
House prices suffer record annual fall
by
Jet-to-Let Magazine
on Wed 28 May 2008 18:44 BST
The gloom enveloping the The S&P/Case Shiller national house price index fell 14.1 per cent in the first quarter of this year, compared with the same period a year earlier, ... more » Tuesday, May 27
US house prices in sharpest fall for 20 years
by
Jet-to-Let Magazine
on Tue 27 May 2008 19:40 BST
American house prices are collapsing almost five times as quickly as during the last Residential property values fell 14.4 per cent over the first quarter of 2008 compared with the same three months ... more » Tuesday, May 6
Odds of further rate cuts increase after Fed's latest moves
by
Jet-to-Let Magazine
on Tue 06 May 2008 11:33 BST
The odds of further interest rate cuts increased after the Federal Reserve's latest moves, and after policy setter said financial market stress, tight credit and housing weakness was likely to continue over the next few quarters. July fed funds futures rose 0.05 points to 98.04, which implies a 16% chance ... more » Wednesday, April 30
Fed cuts key rate to 2% but urges caution over inflation
by
Jet-to-Let Magazine
on Wed 30 Apr 2008 15:53 BST
The US central bank cut interest rates last night for the seventh time since last summer as it sought to combat the impact of a collapsing housing market and the credit crunch on the world's biggest economy. The Federal Reserve's open market committee voted unanimously for a quarter-point cut in ... more »
US economy 'just keeps its head above water'
by
Jet-to-Let Magazine
on Wed 30 Apr 2008 14:30 BST
The US economy grew 0.6% in the first three months of the year as an increase in inventories compensated for weaker consumer spending and a deteriorating housing market. Despite beating analysts expectations, the Commerce Department's report shows a widespread weakening that many analysts fear will lead to a recession. However, ... more » Tuesday, April 29
'No sign of a bottom' in US property prices
by
Jet-to-Let Magazine
on Tue 29 Apr 2008 14:37 BST
More worries over the credit crunch arrived today as 17 out of 20 US cities reported record annual declines in house prices, a survey release today showed. Standard & Poor's/Case Shiller Index, which tracks 20 of the largest housing markets, said prices fell 2.6% to 175.94 in February from January, ... more » Thursday, April 24
New US home sales hit 17-year low
by
Jet-to-Let Magazine
on Thu 24 Apr 2008 15:31 BST
New home sales plunged to a 17-year low in March as tighter credit conditions and weakening consumer confidence kept prospective buyers on the sidelines in spite of sharp price declines. Single-family home sales slumped 8.5 per cent in March to a 526,000 annual rate, the lowest since October 1991, 36.6 ... more » Thursday, March 20
US housing market given $200bn lift with extra cash for Fannie Mae and Freddie Mac
by
Jet-to-Let Magazine
on Thu 20 Mar 2008 17:27 GMT
About $200 billion (£99.6 billion) of extra mortgage financing is to be made available to would-be homeowners in the United States after a key regulator reduced the amount of capital that the two biggest housing financiers must hold in reserve. The Office of Federal Housing Enterprise Oversight has reduced the ... more » Sunday, March 16
Bear Stearns crisis sparks UK recession fears
by
Jet-to-Let Magazine
on Sun 16 Mar 2008 17:22 GMT
Millions of British households face soaring mortgage rates and tumbling house prices after the global financial crisis triggered the near-collapse of one of the world's biggest banks. Experts warned that there is now an increased likelihood of a recession and a painful housing slump, after Bear Stearns - America's fifth ... more » Wednesday, March 5
US economy in slowdown says Fed
by
Jet-to-Let Magazine
on Wed 05 Mar 2008 23:47 GMT
The The report also cited rising materials and energy prices, ... more » Thursday, February 28
GDP data confirms weak US growth
by
Jet-to-Let Magazine
on Thu 28 Feb 2008 15:46 GMT
Wednesday, February 27
Dollar falls to record euro low
by
Jet-to-Let Magazine
on Wed 27 Feb 2008 16:42 GMT
The dollar has fallen to a record low against the euro as traders bet that further interest rate cuts will be needed to stem a Thursday, February 21
US Fed slashes growth forecasts
by
Jet-to-Let Magazine
on Thu 21 Feb 2008 17:25 GMT
The US Federal Reserve has slashed its growth forecast for the The Tuesday, February 12
US economy 'will avoid recession'
by
Jet-to-Let Magazine
on Tue 12 Feb 2008 15:38 GMT
The Tuesday, January 22
US interest rates cut by 0.75%
by
Jet-to-Let Magazine
on Tue 22 Jan 2008 15:15 GMT
The US Federal Reserve said it was reducing its key federal funds rate to 3.5 per cent "in view ... more » Tuesday, January 15
Dollar falls ahead of key US data
by
Jet-to-Let Magazine
on Tue 15 Jan 2008 16:30 GMT
The dollar has edged towards seven-week lows against both the yen and the euro on fears of poor US retail sales data and banking results later on Tuesday. With any weak figures set to increase expectations of a further cut in US interest rates, the dollar had fallen to 107.75 ... more » Friday, January 11
‘Zero US effort’ on housing slammed
by
Jet-to-Let Magazine
on Fri 11 Jan 2008 15:17 GMT
Angelo Mozilo, chief executive of Countrywide Financial, on Monday strongly criticised the US government’s response to the collapse of the subprime lending market, saying there had been “zero” effort to tackle the crisis. “In terms of tangible effort from the federal government...there has been no programme, no federal ... more » |
|||||||||||||||||||||||||||||||||||||||||||||||||
