Pimco's Gross Warns that Further U.S. Housing Declines Could Be "Ruinous"
April 29, 2008
Housing price declines remain the greatest challenge to financial
markets and could prompt a deep recession, according to
Pimco’s Bill Gross.
Another Loss for Countrywide as Bank of America Plans for Future
April 29, 2008
Countrywide Financial Corporation logged in on
Tuesday with its third consecutive quarterly loss due to a sharp increase
it its provision for loan losses.
Consumer Confidence Falls Less Than Expected in April
April 29, 2008
The Conference Board’s consumer confidence index fell
to 62.3 in April’s report on Tuesday, confirming declines seen earlier in
the month from other measures of consumer sentiment, yet coming in
slightly higher than the consensus expectation of 62.0.
No Need for Second Stimulus Package
April 29, 2008
Speaking in an interview with Fox Business news on Monday evening,
U.S. Treasury Secretary Henry Paulson said he did not
believe that a second fiscal stimulus package was
necessary and that the tax rebates mailed out yesterday would make a real
difference to GDP.
Home Prices Slide in February
April 29, 2008
The S&P Case-Shiller home price index continued its
sharp decline in February as both the 10-city and 20-city composite
indexes posted record annual declines in excess of 12.5%.
Totally Country 6
April 29, 2008
Totally Country 6 - Earn what you are worth, without interruptingwhatyou’re […]