Heavy debt load makes Americans vulnerable
The average American puts away just $1 for every $100 earned and is digging deeper in debt .
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Treasurys close higher on core CPI, production miss The one-two punch of a tamer-than-expected reading for a closely followed measure of consumer prices and a softer result for a report tracking U.S. industrial production rallied Treasury notes on
Sector Snap: Mortgage Lenders (AP via Yahoo! Finance) Shares of mortgage lenders sank Monday after a government report offered little hope the housing market has begun to recover.read more...
ECB set to keep rates on hold as eurozone growth outlook brightens The European Central Bank looks set to hold its key interest rates steady again this week as a tentative brightening of the outlook for growth in the 12-country eurozone reduces
Pending real estate sales fall from a year ago (Reg Req'd) Index reflects 'market in transition,' says NAR economist A National Association of Realtors index that gauges pending home sales increased in June for the second straight month but is down
U.K. Nationalizes Troubled Mortgage Lender (CBS News) The British government is nationalizing troubled mortgage lender Bradford & Bingley, taking over the bank's #50 billion ($91 billion) mortgage and loan books as turmoil from the U.S. credit crisis
Current Issue Index What's New Recration: A kit to turn your bicycle into a moped. The Goods: Golf balls, laser-guided scissors and bass-kicking earbuds.read more...