In their newly released study, Economists at Northeastern University found that since the recovery began in June 2009 following a deep 18-month recession, “corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1 percent” of that [...]
Archive for the ‘Debt’ Category
The Wageless, Profitable Recovery
June 30th, 2011 by Financial Writer
Tags: american workers, economic recovery, Northeastern University, recovery, united states
more...I.M.F. Urges Debt Limit Action in U.S.
June 30th, 2011 by Financial Writer
The International Monetary Fund urged the United States on Wednesday to raise the nation’s borrowing limit, warning that inaction could lead to higher interest rates that would harm the domestic economy and world financial markets.
The debt limit is the amount the government can borrow to help finance its operations. The United States [...]
Tags: Debt, economy, International Monetary Fund, obama, united states, world financial markets
Senate cancels recess to work on debt ceiling
June 30th, 2011 by Financial Writer
The Senate will forgo its scheduled recess for the week of July 4 to work on legislation to raise the debt ceiling and cut the deficit, Senate Majority Leader Harry Reid said Thursday.
“The work we’re doing to cut the deficits and create jobs is too important, the obstacles too steep and [...]
Tags: Debt, July 4, Senate, USA
TAX THE RICH! OK, BUT THEN WHAT?
April 12th, 2011 by Financial Writer
For years, President Obama has been clear about his preferred tax policy: Tax the rich more and protect households that make less than $250,000 from higher taxes.
It’s not clear what he’ll say about taxes on Wednesday when he lays out his ideas for how to tackle the country’s long-term debt. If history holds, he’ll stick [...]
Tags: 2012, AIG, au, ben, bipartisan, Debt, deficit, economic, economically, economy, fed, household, households, increase, Invest, investment, lawmakers, money, mortgage, obama, president, rate, spending, taxpayers, ubs, us
Oakmark’s David Herro Says Unloved Japanese Stocks a ‘Steal’
February 3rd, 2011 by Financial Writer
Japan’s stock market is more than 70 percent off its 1989 record high and last month the country’s debt was downgraded for the first time in nine years. Time to buy Japanese equities, says David Herro.
“At these prices Japanese stocks are a steal,” said Herro, 50, manager of the $6.9 [...]
Tags: au, bank, ben, business, China, company, Debt, deutsche bank, dollar, economic, economy, economy grew, euro, Europe, european union, exports, finance, glo, government, increase, india, Invest, investment, investor, investors, japan, new york, prime minister, rate, stock, stock market, stocks, the dollar, us
‘Doomed’ FHA short refi starts
February 1st, 2011 by Financial Writer
The Federal Housing Administration, or FHA, has opened its doors for the “short refinance” program that’s supposed to help homeowners who owe more than their home is worth. But skeptics — including my colleague Holden Lewis, who is on vacation this week — have already taken a dim view of the short refi program as [...]
Tags: au, Debt, economic, fed, finance, government, homeowners, housing, Invest, investor, investors, lender, lenders, loan, mortgage, owners, us
Kotlikoff: How to Fix the Mortgage Mess
January 17th, 2011 by Financial Writer
Fannie Mae and Freddie Mac. What cute-sounding names. They suggest adorable siblings, not twin financial disasters that may cost $1 trillion when we get the final bill.
According to Edward Pinto, Fannie Mae’s former chief credit officer, in 2008 the two government-supported mortgage finance companies, along with the Federal Housing Administration [...]
Tags: au, bank, banks, borrow, borrowers, borrowing, business, buyers, Debt, economic, economics, fannie Mae, fed, finance, financial, freddie Mac, glo, Global Financial, government, home prices, housing, interest rate, Invest, investment, investor, investors, lender, lenders, loan, loans, money, mortgage, mortgage applications, mortgage finance, mortgage market, mortgages, oil, president, rate, stock, subprime mortgages, taxpayers, ubs, us, wall street
Canadian bonds beat world
January 8th, 2011 by Financial Writer
Returns in Canada’s bond market exceeded the rest of the world in 2010, gaining the most in five years, and may outperform again this year amid record foreign purchases of the nation’s fixed-income securities.
The Bank of America Merrill Lynch Canada Broad Market Index, which tracks 1,150 federal, provincial and corporate bonds with a par value [...]
Tags: AIG, au, bank, bank of america, banking, banking system, ben, budget deficit, Canada, company, credit market, crisis, Debt, debt crisis, deficit, dollar, economist, economists, economy, energy, euro, euro zone, Europe, fed, federal government, glo, Global Economy, government, inflation, interest rate, interest rates, Invest, investment, investor, investors, lender, money, new york, oil, rate, recession, sales, us, weak economy
Why Are Mortgage Notes Useful?
January 1st, 2011 by Financial Writer
Mortgage notes are not a new form of financing, and have been very popular over the last decade in helping people to sell and buy property. They allow a buyer and a seller to come to an agreement where finances are concerned and where both parties can be happy with the arrangement. A seller will [...]
Tags: Debt, finance, finances, financial, foreclosure, interest rate, mortgage, rate, repayment, us
Spain Pays High Yield on Bonds
December 16th, 2010 by Financial Writer
Spain’s final foray into the market for long-term bonds this year was an expensive exercise for the government Thursday, coming a day after Moody’s Investors Service Inc. warned that it might downgrade the country’s credit rating because of its mounting debt and funding needs.
Germany, meanwhile, announced plans to issue less debt next year, [...]
Tags: au, company, Debt, dow jones, economic, economic recovery, euro, Europe, finance, germany, government, Invest, investor, investors, ubs, us