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marktomarket: Nicole's Week in Review - 03/30/09 02:12 PM

Last week provided some good news on the economic front, relative to what we've seen lately.  The U.S. Personal Savings Rate came in at 4.2% -- the highest we've seen in decades! This is great news, especially considering we had a negative savings rate not too long ago (see chart).
It also looks like the Treasury is FINALLY using TARP funds to buy toxic assets -- well, that's a novel idea (eh-hmm).  Treasury Secretary, Timothy Geitner, announced last week the Treasury would team-up with private investors to buy toxic assets off banks' books.  The Treasury will provide private investors … (2 comments)

marktomarket: Nicole's Week in Review - 03/16/09 10:25 PM

Last week's big news was the rally stocks enjoyed -- the largest in 2009. Wall Street certainly liked hearing Citigroup state it wouldn't need anymore capital injections, and Bernanke stating our recession could be over by end-of-year if the banking system can be stabilized.  He also made it abundantly clear that major institutions would not be allowed to fail.
The consequences of our recessionary spending loomed its ugly head again as China expressed its concern over the safety of the U.S. assets it holds. Bernanke has attempted to quell these inflationary fears by stating the U.S. has an "exit strategy" … (1 comments)

 
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Nicole Lahti, Austin Texas Mortgage

Austin, TX

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United Lending

Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759

Office Phone: (512) 592-5468

Cell Phone: (512) 507-8312

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