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Home Sales Drop for fifth Month
15:17:38 - 11/25/2013
The number of contracts Americans signed to buy previously owned homes unexpectedly fell in October for a fifth consecutive month. This drop comes amid higher borrowings costs that are just denting the real-estate recovery. According to Bloomberg News, “The gauge of pending home sales decreased 0.6 percent after a 4.6 percent drop in September, the National Association of Realtors said today in Washington.” This comes as a very poor signal for economic growth and shows that our economy is nowhere near a full recovery.
Fed Exit Not in Danger
10:44:25 - 11/22/2013
The Federal Bank of Atlanta President Dennis Lockhart believes that the Feds can handle their exit from quantitative easing when the time comes. As of late many skeptics have spoken out in great concern of the Federal Reserve, saying that it could be in danger with a $4 trillion dollar balance sheet. Federal Reserve officials are hoping that the exit from the bond-buying program is a smooth one.
Janet Yellen has been Confirmed
11:37:18 - 11/21/2013
Janet Yellen’s nomination to be chairman of the Federal Reserve won support from the Senate Banking Committee today in a 14-8 vote, moving her bid to be the Fed’s first female head to the Senate for confirmation. Yellen was backed by 11 of 12 democrats in the banking and three from the Republican panel. The Senate now feels comfortable with Dr. Yellen’s understanding of what challenges she will be facing with our economy.
Holding Rates Down
10:39:51 - 11/20/2013
Federal Reserve Chairman Ben S. Bernanke said the Fed will probably hold down its target interest rate long after ending $85 billion in monthly bond buying, and possibly after unemployment falls below 6.5 percent. This information came to late as the Chariman addressed Washington in a speech the other day.
U.S. Growth in Trouble
11:18:22 - 11/19/2013
The Organization for economic Co-operation and Development predicted rising economic growth for the next two years. Though, the weakness that we have seen from international markets are emerging markets could very easily put a hold on some of our domestic growth.
Are we in a Bubble?
15:43:16 - 11/18/2013
Stocks are hitting record high prices and analyst and economist are beginning to worry that we are in a bubble. Over the course of the year, some stock prices have doubled. Initial public offerings have skyrocketed and are leaving investors extremely concerned that stocks are drastically over valued.
Fall in Jobless Claims
11:08:28 - 11/15/2013
The number of people filing for new unemployment benefits fell for the fifth consecutive week, further evidence of a strengthening labor market. Initial claims for jobless benefits are a measure of layoffs that declined by 2,000 to a seasonally adjusted 339,000.
Yellen Pushes For Strong Recovery
10:47:02 - 11/14/2013
Janet Yellen, the nominee for chairman of the Federal Reserve, said that she was committed to encouraging a strong economic recovery. Yellen stated that she will ensure that monetary stimulus is not removed to soon. The new soon to be chairman of the Federal Reserve feels it is important that we support the economy as much as possible in order to promote strong growth.
Desperation and the European Central Bank’s
10:19:05 - 11/13/2013
The European Central Bank has reached the point where it is trying to do everything in its ability to increase prices. The European Central Bank could start to adopt negative interest rates or purchase assets from banks if needed to lift inflation closer to its ideal rate. ECB officials are beginning to worry that the central bank is running out of tools to use and inflation rates are still too low.
Major U.S. Cities Still Struggling
09:49:44 - 11/12/2013
Thirty major cities in the United States face a tough and uncertain road to recovery. City revenues collected by a majority of the cities were below what was expected. Even as populations are increasing and cost have gone up in these major cities. The issue lies within the housing crisis.
Job Strength Puts Pressure On
13:00:04 - 11/11/2013
The U.S. job market showed surprising resilience in October despite the government shutdown that lasted for half of a month. The strength in the job report brings up the very controversial topic of the Federal Reserve slowing down their monetary stimulus program.
Fed Anxiety
10:01:56 - 11/08/2013
The longer the Federal Reserve continues their bond-buying stimulus, the higher the odds are that it will face a year without any money to give to the U.S. Treasury. This is after taxpayers received a record 88.4 billion profit in 2012. The Federal Reserve has had a total of three rounds of quantitative easing since the market crash in 2008.
Stock Market Crash
09:58:42 - 11/06/2013
As of late all that we have heard in the news are talks about the government shutdown, raising the budget ceiling and the time frame in which the Federal Reserve will commence their stimulus tapering. These items are very important and should continue to be discussed, but what the media has not looked into are the repercussions of such events.
Will Easing be Drawn-Out?
07:27:01 - 11/06/2013
The Federal Reserve officials who vote on policy this year have suggested that the Fed may press on with easing for a longer time then some may expect. The reason the Federal Reserve may push on longer with their easing policies is in attempt to reach a higher jobless rate and push up inflation toward the central bank’s 2 percent target.
New Home Development for Renters
13:52:33 - 11/04/2013
More single-family homes are being built across the nation with the intent to be rented out. Since the housing bust, there has been a large decline in homeownership that has led to new homes being put up for rent. “Last year 5.8% of the 535,000 single-family homes started were being built as rentals, up from 4.8% in 2011 and the highest share since at least 1974, according to an analysis of census data by the National Association of Homebuilders.

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