In corporate news, Amazon stocks were down after Morgan Stanley downgraded them on grounds of increased competition from Apple and the decline of sales of physical media!In February, Savills said hedge fund managers were likely to outspend bankers on buying London homes this year. (Reporting by Brenda Goh; Editing by Tom Bill and Hans-Juergen online payday loans direct lenders Peters).For instance, according to the National Association of Realtors, the ratio of median home prices to median income held near 3.2-to-1 between 1965 and 2000, as mortgage lenders restricted mortgage payments to one-third of a homebuyers income?Treasury Secretary Timothy Geithner has promised to provide more detail on the Obama administration's plan for reforming the housing finance system sometime this spring.I highlighted the prior Divergence Event from July 3rd (half-day session) and since then, there online payday loans direct lenders haven't been any major divergences between Price and Internals.
The annual rate of inflation dipped to 1.9% last month from 2% in December, according to the Office for National Statistics, driven lower by prices of furniture and other household goods, alcohol and tobacco, DVDs and tourist attraction entry costs!Beginning in April, the Department of Labor is mandating that 401(k) plan sponsors disclose all fees and expenses associated with 401(k)s in an understandable, uniform way.The opinions expressed herein are those of the author and do not necessarily represent the views of nor are they endorsed by WebFinance Inc. No employee of WebFinance has owned or currently owns any shares in the company described above!Chinese PMI data has been less than stellar and confirms that China is showing signs of its longest contraction in two years. The country is Australias largest trading partner.
When I go out on the road to talk to people, you would be amazed at the number of people that 1. dont know the consequences of these debt burdens here in the U.S., 2. dont know that the dollar, even though its in rally mode now, has lost a major chunk of its purchasing power and 3. dont know that they can do something to protect themselves from the potential further declines of the dollar.Apparently this offends Freeman. Anyway, heres my Freudian take on the whole thing: Mr. Morgan is a black man and, as a black man, apparently thinks that his blackness is all anyone notices about him.Demands for U.S. Durable Goods are expected to contract 2.0% in October and a marked slowdown in private sector consumption may drag on the dollar as it limits the Feds scope to taper the asset-purchase online payday loans direct lenders program at the December 17-18 meeting.The U.S. dollar is easing in the beginning of the week due to a more stable outlook in the Eurozone. The euro saw offers of $1.3150 and sterling pushed to $1.5630, while the Australian dollar sought parity.