seymour
Leading Scorer
Its better to have loved and lost than to never have loved at all.
Posts: 433
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Post by seymour on Aug 11, 2007 12:32:30 GMT -5
With the increase in loan failures usually comes lower pricing. Sell quick or hang on to it, prices will drop. I am planning to build a house and cannot get any good forecast on what building material prices are doing. I would like to wait until the prices drop and then build. Anyone got any advice? newsmax.com/money/archives/st/2007/8/9/92628.cfm?s=al&promo_code=3857-1 |
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seymour
Leading Scorer
Its better to have loved and lost than to never have loved at all.
Posts: 433
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Post by seymour on Aug 11, 2007 12:59:24 GMT -5
Imminent Rate Move By Fed Unlikely Thursday, Aug. 9, 2007 3:13 p.m. EDT WASHINGTON -- Market turmoil Thursday surely grabbed the Federal Reserve's attention, but it is unlikely to spur the central bank into action unless it threatens the stability of the banking system or the economy. "I think they are watching it carefully. But at this point they are not in a position to make any changes in their strategy," said Lynn Reaser, chief economist at Bank of America Capital Management in Boston. Stock markets stumbled and interest rate futures jumped on hopes of an emergency Fed interest-rate cut after U.S. subprime mortgage problems erupted in Europe, leading the European Central Bank to pump a record amount of euros into credit markets to calm jitters. The ECB action came after France's largest listed bank, BNP Paribas, froze 1.6 billion euros ($2.2 billion) worth of funds under management — citing U.S. subprime woes — a step that sparked wider credit worries in the money market. Story Continues Below: newsmax.com/money/archives/st/2007/8/9/151807.cfm?s=al&promo_code=3857-1 |
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