Mortgage : A musical commentary on the current real estate situation in America
Tags : real estate housing bubble interest rates economy foreclosures remortgage real estate economy finance stock market liquidity speculative ARM
Friday, June 12, 2009
Bob Chapman the delinquency rate for bank-issued credit cards rose 11 percent
Financial Bailout Plan Keeps Zombie Banks Alive
Bob Chapman
International Forecaster
June 12, 2009
the following are a couple of snapshots from Bob Chapman's Newsletter
The biggest price swings in Treasury bonds this year are undermining Federal Reserve Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates and pull the economy out of the worst recession in five decades. International Forecaster
June 12, 2009
the following are a couple of snapshots from Bob Chapman's Newsletter
The yield on the benchmark 10-year Treasury note rose to 3.90 percent last week as volatility in government bonds hit a six-month high, according to Merrill Lynch & Co.’s MOVE Index of options prices. Thirty-year fixed-rate mortgages jumped to 5.45 percent from as low as 4.85 percent in April, according to Bankrate.com in North Palm Beach, Florida. Costs for homebuyers are now higher than in December.
Gold Declines as The U.S. Dollar Rises , Golden Opportunities NOW
The Strong dollar puts pressure on Gold , other precious metals drop to , Gold is seen as a safe heaven against the dollar fluctuations and the fear of inflation besides the increased liquidity in the system, Gold sells at around $950 this morning . a stronger dollar reduced demand for the metal as an alternative investment ...there are certainly a set of factors behind this drop of gold ...China has been lately stock piling in gold , which has reduced the availability of gold on the market , jewelry demand is soaring particularly out of India which is a big market for gold jewelry
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