economy: Austin Area Festivals: Music and More - 07/11/08 02:44 AM
What do music, chili peppers, bamboo, wine, watermelon, ice cream and Eeyore the donkey from Winnie the Pooh have in common?
They all have festivals devoted to them in Austin or nearby towns. In fact, there are so many festivals of all kinds in the Austin area that it is … (0 comments)
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economy: How Will The US Economy Recover? - 05/19/08 01:02 AM
You would probably have to have been living on a remote desert island for the better part of two years to not see any signs of the slowdown in the economy of the United States. Since August of 2007, the real estate market has been reeling from plummeting house prices, due … (3 comments)
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economy: Peak Oil and the '08 Election - 05/04/08 04:00 AM
The headlines this month have been taken by the most insidious of America's vices: black gold. Oil futures are now projected to exceed $100 a barrel until 2016, and continue to sit comfortably near the $115-120 a barrel mark. Many different causes have been blamed for rising prices at the pump, … (4 comments)
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economy: Commodities Stoke Inflation Fears - 05/02/08 04:07 AM
On April 30th, the Federal Reserve announced a cut in their main interest rate by 25 basis points, to 2% from 2.25%. This is the seventh such cut by the US central bank since the beginning of the credit crunch some eight months ago, totaling 3.25% in cuts to the key … (1 comments)
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economy: Credit Crunch: Light at the End of the Tunnel - 04/29/08 05:06 AM
When thinking about the economic slowdown now gripping the United States, one might think of the naked emperor of yore, who could not realize his condition until told by a child. By the time analysts and the White House recognize the extent of the credit crisis, its effects will probably not … (2 comments)
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economy: The Twin Menaces of Inflation - 04/15/08 11:21 PM
This week, a storm of bad news gave markets cold feet, resulting in Friday's 250-point loss. While this pattern of volatility has been the status quo for stock exchanges worldwide for the better part of the year-to-date, another factor has caused at least as many difficulties for a much larger percentage … (0 comments)
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economy: What Is Going On With Mortgage Rates This Month - 04/14/08 03:06 AM
Mortgage interest rates remained relatively unchanged for the second week in a row.
April 10th, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.56 1-yr ARM 5.19
April 3rd, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.59 1-yr ARM 5.18
March 27th, 2008
30-yr 5.85 15-yr 5.34% 5-yr … (0 comments)
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economy: Current Issues with the Global Economy - 04/11/08 08:03 PM
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
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economy: The 30 Year Loan vs The 15 Year Loan - 04/03/08 04:19 AM
There are many decisions when buying a home. One of them is what kind of loan product to use. With interest rates, payment terms and points it can be a little overwhelming. In this article we are going to compare and contrast two popular loan products the 30 Year and the … (3 comments)
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economy: Bear Stearns and the New Federal Reserve - 03/26/08 08:24 PM
On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm's subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial … (0 comments)
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economy: Bear Stearns and the Free Market - 03/19/08 06:38 PM
The recent government-sponsored bailout of Bear Stearns, one of the top five lenders in the United States, has shocked traders and left investors cold. Despite the chilly reaction on Wall Street, secretly many are breathing a sigh of relief. While Bear Stearns was mismanaged from its upper echelons, its subprime exposure … (2 comments)
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economy: Bear Stearns from 20 Billion to 236 Million and Beyond - 03/17/08 07:47 PM
What a difference a year makes. Last year at this time Bear Stearns had a high flying stock price of $150 a share and a market valuation of 20 Billion. Having been founded in 1923 they were considered one of Wall Streets most venerable investment houses.
Going back to 2005 … (2 comments)
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economy: Recession Risks: The Silver Lining - 02/06/08 05:09 PM
The US appears to poised on the very brink of recession. Investors are reacting as news of a contraction within the service sector for the first time in five years, an FBI investigation into predatory lending, and increasing unemployment statistics, has sent shock waves of panic through stock markets worldwide. Who … (0 comments)
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economy: Sovereign-Wealth Funds: Savior or Menace? - 01/28/08 06:05 PM
In recent months, the sub-prime crisis has reached unforeseen heights, infiltrating banks and financial institutions worldwide and causing many to report multi-billion losses due to the risky investments going sour. While the underlying economy of the US appears to be relatively robust, and the dollar's continued weakness has made investment and … (0 comments)
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economy: Subprime Woes: Are We Out of the Woods Yet? - 01/26/08 12:17 AM
In the last week, many encouraging signs have been on the economic radar: The Bush administration has stated that a consensus has been reached about the impending $145 billion economic stimulus package, the Federal Reserve has cut their most important interest rate by the largest margin in a quarter century, and … (2 comments)
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economy: Can The Bush Tax Cut Work? - 01/16/08 09:31 PM
After weeks of increasingly dismal reports from the financial sector, many regular Americans are beginning to worry that the US may be close to or already in recession. While government intervention in the economy is relatively uncommon in US history, since its establishment in the 1930's, the Federal Reserve has been … (0 comments)
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economy: Weathering the Storm of the Slipping Dollar - 12/06/07 05:07 AM
The greenback has been slipping against the euro, the Chinese Yuan, and the pound for the past nine months or so, reaching record lows amidst a global credit crunch and plummeting real estate prices. What does this mean for US growth? According to the Federal Reserve, projected economic growth will slow … (2 comments)
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