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Flimsy Rich: Luxury Foreclosures Up Big Time
While the pace of foreclosures has receded in the general housing market, it continues to rise in well-to-do pockets of the country, especially Southern California. In growing numbers, minor and major celebrities as well as ex-athletes are seeing their million-dollar homes revert to lender ownership, foreclosure analysts said Foreclosure - Southern California - United States - Real estate ...
Read more...Bonds give Obama support
The bond market is giving President Obama the green light to spend more money to boost the faltering economy. While the government has increased the amount of marketable Treasuries by 70 percent to $8.18 trillion the past two years, rising...
Read more...Professional investors revitalize home 'flipping'
Hoping there are big profits to be made in the aftermath of the housing collapse, professional investors are flocking to the business of buying foreclosed homes at distressed prices.
Read more...Deficit Cost Drop Gives Obama Stimulus Clinton Missed
The bond market is giving President Barack Obama the green light to spend more money to boost the faltering economy.
Read more...El-Erian Says ‘Alarming’ Data Show Economy Slowing
U.S. economic data are “alarming,” signaling the recovery is losing momentum, Mohamed A. El-Erian, Pacific Investment Management Co.’s chief executive officer, wrote in an opinion piece in the Washington Post.
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