|
Friday, 29 January 2010 |
With the US economy being battered pretty badly after the disastrous 2008 economic recession, it seems that millionaires in the United States grew steadily by at least 16 percent for 2009. In fact, households that have a net value of more than $1 million totaled at 7.8 million in 2009, which is seen as a good improvement from 6.7 million in 2008. Generally, the number of millionaires in the United States shrank by 27 percent in 2008.
Personally, I believe that such numbers are definitely good news, pointing an impending recovery for the US economy. With so many concerns over the US economic performances, I’m sure that such news can help uplift the entire market scenario, don’t you think so?
|
|
Tuesday, 19 January 2010 |
Earlier, the European dollar was going on a downward trend, as investors were pretty worried over the general outcome of the global economy. Nevertheless, the Euro dollar rebounded recently, whereby the currency has gained against the US dollar, whereby the latest exchange rates stand at 1.36 dollars for the Euro.
Personally, I believe that the Euro dollar has risen a little too high, as clearly, the Euro is clearly stressing out the global market. And with the US dollar sliding lower towards major currencies around the world, I believe that this is rather unfavorable for US exports, on the whole.
|
|
Sunday, 10 January 2010 |
It seems that Treasury Secretary Timothy Geithner has urged the government to overhaul the entire housing finance market, whereby he has called for the government to lay out principles to guide the reform of the mortgage market, in which return will help regulate the entire market, and avert disaster, such as the renowned Fannie Mae and Freddie Mac financial crisis.
Basically, the government took over Fannie Mae and Freddie Mac in 2008, with hopes of restructuring and saving the organization from plunging into bankruptcy. And with the government unable to give clear answers on what they will do with Fannie Mae and Freddie Mac, I believe that it is a wise move for the government to lay out guidelines to streamline the entire mortgage market.
|
|
