Credit crunch - Treasurys end higher

Treasurys end higher
CNN Money - A global markets sell-off and fears of a recession prompt the Federal Reserve to cut two key interest rates. NEW YORK (AP) -- Treasurys gave back much of a vigorous rally in late trading Wednesday when a sagging stock market suddenly regained

Home loan applications jump as rates fall
Reuters - NEW YORK (Reuters) - Applications for home mortgages jumped for a third consecutive week as plunging interest rates encouraged more homeowners to seek refinancings, an industry group said on Wednesday. The Mortgage Bankers Association said its

India Inc wants interest rate cut to spur economy
Hindustan Times - Reducing interest rates would go a long way in boosting demand and investments. It would also reduce operating costs of exporting small and medium enterprises, that have been facing decline in profit margins due to an appreciating rupee." The demand

Re drops to end at 39.58/59 vs dollar
Times of India - MUMBAI: The rupee was driven lower by suspected central bank intervention on Wednesday after investors bought the Indian unit anticipating strong capital inflows after the US Federal Reserve cut interest rates. The partially convertible rupee ended

4 Ways Consumers Will Feel the Fed Cut
US News and World Report - Consumers aren't directly affected by today's Federal Reserve cuts in short-term interest rates, but they could be soon, as banks respond to the opportunity to borrow money more cheaply. Shortly after the Fed announced that it was slashing its target

Credit crunch - Costello defends rates ahead of Reserve Bank decision

Costello defends rates ahead of Reserve Bank decision
News.com.au - INTEREST rates have been cut more often than raised during the period of the Howard Government, Treasurer Peter Costello says. He was speaking ahead of tomorrow's expected decision by the Reserve Bank of Australia board to increase the official cash

AP Business NewsBrief at 4:56 a.m. EST
CNBC - like those that pummeled Wall Street this summer _ comes as the market also contends with concerns about housing and the health of consumer spending, and with rising expectations that the Federal Reserve is leaning away from cutting interest rates

Global Stocks, U.S. Futures Rise; Swiss Re, Samsung, BHP Gain
Bloomberg - The dollar slumped to a record low of $1.4531 per euro on speculation finance industry losses will spur the Federal Reserve to cut interest rates for a third time this year. The risk of European companies defaulting on their debt fell

Soybeans Rise to 3-Year High on Crude Oil; Corn Gains on Dollar
Bloomberg - Federal Reserve to cut interest rates for a third time this year. ``Soybeans were supported by a rise in crude oil prices,'' Kenji Kobayashi, an analyst at Kanetsu Asset Management Co., said by phone from Tokyo today. ``The dollar's

PM takes stick to banks to dodge fallout
News.com.au - JOHN Howard has warned banks against profiteering on home loans in an attempt to protect the Government from the political fallout from tomorrow's expected increase in official interest rates. And Peter Costello has predicted that if rates rise this

European Bonds Fall as Service Industries in Euro Region Expand
Bloomberg - Debt also slipped as traders increased bets the European Central Bank will use its policy meeting in two day's time to indicate it's ready to lift interest rates once calm returns to the credit markets. Service industries in the 13 economies using

U.S. Notes Little Changed; Kroszner Says Loan Defaults May Rise
Bloomberg - Two-year yields were near the lowest since July 2005 as traders bet credit-market losses will slow economic growth and lead the Fed to cut interest rates for a third time this year. The Treasury is scheduled to sell $13 billion of 10-year debt

Economy - BOJ Hawk Mizuno Says Fed Cut Would Change Debate

BOJ Hawk Mizuno Says Fed Cut Would Change Debate
CNBC - The Bank of Japan policy board's lone advocate of a rate hike said on Thursday a cut in U.S. rates would change the basis of discussion, as central banks wonder how gyrating markets will affect the world economy. The unexpectedly cautious tone from

ANALYSIS-Short diesel, long gasoline if US economy falters?
Reuters UK - SINGAPORE, Aug 30 (Reuters) - As oil traders weigh up the rising risk of a weaker U.S. economy, some analysts warn that the varied impact on global demand for refined fuels may not follow the precedent set in previous downturns. Europe's growing

Schools, economy subjects of Greensboro 'State of Our Community' lunch
MSN MoneyCentral - Improving Guilford County Schools and an improving Greensboro economy were two of the main topics during the "State of Our Community" luncheon, hosted Wednesday by the Greensboro Partnership. Alan Duncan, chairman of the Guilford County school board

Philippines Posts 7.5 Percent GDP Growth
Forbes - The Philippine economy grew 7.5 percent in the second quarter compared to a year ago, the fastest rate in two decades, President Gloria Macapagal Arroyo said Thursday. "Our economic plan is working. Today we have the latest glowing indicators to show

Michigan Economy Dipped in July, Reports Comerica Bank's Michigan
MSN MoneyCentral - DETROIT, Aug. 29 /PRNewswire-FirstCall/ -- The Michigan Business Activity Index compiled by Comerica Bank fell 2 points in July to 105, partially reversing the 3 point rise in June. So far this year, the index has averaged 104, essentially the same

Layoffs in mortgage industry loom large
Seattle Times - The U.S. economy is expected to have created 120,000 jobs in August, but that figure belies the problems in one pocket of the labor market. The mortgage industry has slashed nearly 25,000 jobs so far this month, and the potential labor impact of the

Nobel Laureate Sees No Recession in U.S.
MSN MoneyCentral - The former World Bank chief economist says rising defaults on U.S. subprime mortgages have increased risks to the economy, with a worsening housing slump, credit problems and turbulence in global financial markets. Stiglitz says the credit crunch was

Liberals to come out swinging
Globe and Mail - Canada's economy has been driven largely by its resource sector in recent years, but the manufacturing sector has faced sharp global competition and a high dollar that hurt export profits - and jobs. Although the Conservatives have signalled they also

House prices - House prices affected by immigration and credit

House prices affected by immigration and credit
Stuff - While the supply of housing plays a major role in determining its price, it is not the only factor. The other side of the coin is demand, and its role in setting prices is just as important, although often overlooked, in the debate about

Amber waves of discontent
Kane County Chronicle - Dick Durbin, D-Ill., is among those supporting a plan to pay farmers based on actual revenue loss, rather than commodity prices. The Senate also appears poised to impose more strict limits on who can receive farm subsidies. Under the House bill

Brash expects house prices to tumble 10%
Stuff - Former Reserve Bank governor Don Brash is picking house prices could tumble by up to 10% in the next year as the already cooling New Zealand property market is further threatened by the volatile international economy. His comments come as Westpac

House prices reflect good economy: Costello
Age - Stress grips mortgage belt as rates rise Interest fine as long as the price is right VIDEO First home blues VIDEO Melbourne's housing market madness. TREASURER Peter Costello has played down the issue of "mortgage stress", saying house prices in

University Towns Lead UK House Price Hikes
Ananova - House prices in university towns are rising up to four times as quickly as they are in the rest of the UK, according to Halifax Estate Agents. The average cost of a home in Belfast, home of Queen's University, soared by 47% during the year to the end

Will house prices keep on rising?
BBC News - Gordon Brown has made affordable housing a central plank of his new policy launch, promising to deliver 3 million new homes by 2020. It's an ambitious target, but even if it's met will it be enough to bring down house prices? Not according to the

Economy - www.hsh.com

www.hsh.com

Bloomberg.com: France
stocks fell for a third day, led by BNP Paribas SA and Societe Generale SA, two of the country's biggest banks, as financial stocks across Europe tumbled on concern that the global credit crunch is

Small Business Capital | Credit Crunch Coming???
The credit crunch is on its way. It has already begun in the mortgage world and will likely spread to other areas of the economy which many worry will effect the stock market and potentially drag the

NABE News 4/07: Washington Policy Conference Wrapup
Credit Crunch, Health Policies Top Policy Conference Agenda. Against the backdrop of a sluggish economy hobbled by the mortgage credit crunch, top policymakers and private analysts told attendees of

Credit crunch hits Cadbury's drinks deal - Times Online
The credit crunch sweeping the international markets claimed its latest victim as Cadbury Schweppes Football, like any established soap, goes on for ever. Helen Rumbelow

Credit crunch, housing mess, and rising energy costs make for Wall
Real Estate, Housing Bubble, Mortgage Crisis, Fraud, Appraising, & the Economy - A Realist’s The DJIA dropped over 300 points today as the credit , housing and energy woes weighed heavily on

Credit fears sends shares plunging
Nearly £56 billion was wiped from the value of London's leading companies as fears over a credit crunch in global markets intensified. The FTSE 100 Index lost 3.7% - its biggest percentage fall since

Smut Sites Fear Credit Crackdown
Get Wired's take on technology business news and the Silicon Valley scene including IT, media This month is going to be a big pain in the harness for Bondage.com. The company that processes its

Prices fall for houses in Toledo, Michigan

If a home is still the biggest investment most people will ever make, then homeowners in Michigan and Ohio may feel a bit cheated of late.

Central Bank warns over risk of house price crash - Irish Examiner

Irish Examiner

Central Bank warns over risk of house price crash Irish Examiner, Ireland - 12 Jul 2006 ... Apart from the threat of a house price crash, which the bank says has increased this year, it has other issues with the economy that Mr Hurley highlighted in ...

Walk away, Seve: Twilight of a major legend - Independent

Walk away, Seve: Twilight of a major legend Independent, UK - 6 hours ago ... carry a bag that once seemed to house a bottomless ... son to the sporting equivalent of a car crash? ... The technically superb Nick Price led Ballesteros and Faldo ...

HOUSE PRICE FALLS, ONE SWALLOW DOES NOT A HOUSE PRICE CRASH MAKE - Firstrung

HOUSE PRICE FALLS, ONE SWALLOW DOES NOT A HOUSE PRICE CRASH MAKE Firstrung, UK - 6 Jul 2006 ... Yes there is some hope to be gained by today's figures, however, falling house prices in relation to an economy so reliant on house price inflation for growth ...