Interesting news items from the past week included Fed Chairman Ben Bernanke being reappointed to another term. CNBC had some insight as to what they feel consumers will experience in the coming year. Among their comments were forecasts of a weaker dollar and a rise in interest rates in 2010. Amidst the optimism over recent home sales figures, and the success of the cash for clunkers program, were sobering statistics regarding home prices, job creation, and foreclosures. While there is clearly an air of optimism, we must continue to proceed with both eyes wide open to an ever changing economic landscape.
The state of Florida is performing a study regarding insurance options for its homeowners. While there are concerns to be addressed, it appears that solutions are in the works. Ongoing positive discussions are taking place according to Insurance Commissioner Tom McCarty's spokesman Tom Zutell.