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 [...]
Bailout of Fannie and Freddie might lower mortgage
September 9th, 2008 · No Comments
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 [...]
Tags: Business · Finance · International · Money · News · North America