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Bailout of Fannie and Freddie might lower mortgage

September 9th, 2008 · No Comments

The federal government’s takeover of Fannie Mae and Freddie Mac may save the battered real estate market from a complete meltdown. But financial experts say the bailout won’t lead to a housing recovery just yet.
Instead, some on Wall Street said the housing sector is in as tough shape today as it was before Sunday’s rescue [...]

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Tags: Business · Finance · Money · News · North America

Economic Misery More Widespread

July 5th, 2008 · No Comments

 Americans are feeling a lot more economic pain than the government’s official statistics would lead you to believe, according to a growing number of experts.
They argue that figures for unemployment and inflation are being understated by the government.
Unemployment and inflation are typically added together to come up with a so-called “Misery Index.”
The “Misery Index” was [...]

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Tags: Business · Finance · International · Money · News · North America