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Fernando Espuelas: Why Republicans Can’t Say Yes to Obama

So it’s not about the deficit after all.

Read more: Reagan, Debt, Mitch McConnell, 2012 Elections, Warren Buffett, Cbsnews, Debt Ceiling, Clinton, Treasury Bonds, Federal Reserve, George Bush, Obama, Democrats, 1%, 2012, Government, Vanity Fair, Tax Policy, Greece, Fed Policy, Federal Budget Deficit, Joseph Stiglitz, Default, Fed, Gop, Charlie Cook, Interest Rates, Tea Party, Republicans, […]

China Beats Growth Expectations, But Economy Still Slows

BEIJING (Aileen Wang and Kevin Yao) – China’s economy grew faster than expected in the second quarter, easing fears of a hard landing and strength…

Read more: Interest Rates, Gdp, Beijing, Inflation, Hu Jintao, Hong Kong, Free Trade, Gdp Growth, Wen Jiabao, China, Shanghai, Fair Trade, High Interest Rates, Business News


IMF Chief Predicts ‘Real Nasty Consequences’

WASHINGTON — The International Monetary Fund’s new chief foresees “real nasty consequences” for the U.S. and global economies if the U.S. fails to ra…

Read more: Interest Rates, Borrowing Limit, World, Economy, International Monetary Fund, Christine Lagarde, Global Economies, Imf, Raise Borrowing Limit, IMF Chief, World News


The Squeeze Gets Worse

There are more signs that millions of people are feeling poorer and spending less, as official statistics showed disposable income falling across the …

Read more: Interest Rates, Mortgages, Bank of England, Household Spending, Mortgage, Money, UK Politics News

Don McNay: Will Interest Rates Go Lower?

The common assumption is that interest rates are going to go higher. Just like the common assumption, for many years, that you couldn’t lose in the real estate market. Sometimes we have to consider the unconsiderable.

Read more: Interest Rates, Personal Finance, Housing Bubble, U.S. Economy, U.S. Debt, Interest Rate Spike, Personal Finance Tips, […]

Federal Reserve Keeps Power On Reserve For Another Day

NEW YORK — Another major policymaker has decided to take a more detached stance toward the economic slowdown.

Federal Reserve Chairman Ben Bernanke’s Wednesday media briefing resembled an economics lecture more than a press conference, as he dispassionately explained graphs that had been passed out to journalists, indicating slower economic growth than expected.

“I’m a […]

Many More People Suddenly Applying For Mortgages

Applications for home mortgages saw their biggest jump in three months last week, fueled by demand for refinancing as interest rates continued to fall, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, surged 13.0 percent […]

Loonie’s Tune: Canadian Dollar To Outpace The Greenback

TORONTO — Like the fortunes of the Vancouver Canucks at this year’s Stanley Cup playoffs, the Canadian loonie has soared, giving NHL team owners north of the border an economic home advantage.

Since last December, the Canadian dollar has hovered near parity, closing at $1.024 on Monday and reaching $1.034 early today. It’s a steep […]

Canada Rate Decision, Lonnie Focus For Week

(CP) – The Canadian dollar could be under additional pressure on commodity markets this week after the Bank of Canada delivers its next announcement on interest rates on Tuesday.

The dollar moved lower for a fourth week last week, reflecting slowing economic conditions, particularly in the U.S., Canada’s largest trading partner and doubt about when […]

U.S. Should Raise Interest Rates, OECD Says

WASHINGTON (By Pedro Nicolaci da Costa) – The Federal Reserve should begin to hike interest rates in coming months, the Organization for Economic Cooperation and Development said on Wednesday, as it raised its outlook for U.S. economic growth.

In its semi-annual forecast, the OECD said it sees U.S. economic growth of 2.6 percent in […]