Of debt, deflation and rotten apples
Of debt, deflation and rotten apples By Henry C K Liu Deflation is a problem that looms over the horizon when the US debt bubble bursts to slow down the economy.
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Developer Helped Congressman by Buying Boat Thomas T. Kontogiannis, a Long Island developer, says he doesn't particularly like politics, so he never does business with the federal government.via
Freedom Mortgage Will Buy Irwin Unit (AP via Yahoo! Finance) Mortgage banker Freedom Mortgage Corp. said Monday it agreed to purchase some assets of residential mortgage loan company Irwin Financial Corp.read more...
Mortgage lending bill facing foes in Congress White House, opponents in Senate critical of House version (Inside Bay Area) WASHINGTON ? A House bill aimed at protecting borrowers from abusive home loans faces a tougher future in the Senate amid opposition by the mortgage industry and criticism from the
Housing Starts Flat A government report out this morning says the stellar pace of housing start growth was unchanged last month.read more...
Economy The euro fell near its nine-month low against the dollar Thursday after U.S. Federal Reserve Chairman Alan Greenspan gave an upbeat assessment of the U.S. economy.via
Housing starts rise Summertime, and real estate's booming. Canadian housing starts rose 0.4 per cent to their highest level this year in July, a report showed Tuesday, confounding economists' expectations for a decline.read