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Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. ...more
July 24, 2008
The reports just keep coming that consumers are still having difficulty paying their debts. ...more
July 20, 2008
The U.S. housing crisis may accomplish what years of parental hectoring couldn't: Turn Americans from spenders into savers. ...more
July 17, 2008
Demand Is Worldwide U.S. Rep. Kathy Castor's article "Declaring Independence From Big Oil" (Other Views, July 4) is typical of politicians who like to pose as economists when in fact they are not. She is a typical lawyer who takes license to pose as an expert on energy and oil. Her article looks like party boiler plate. As the chief economist for the Foundation for Fiscal Reform, Inc. in Palm Harbor, I warn our readers nationwide each week of the dangers of politicians. ...more
July 12, 2008
Shoppers, enticed by heavy discounts and armed with rebate checks, spent freely in June, helping to lift retailers' sales. The outlook for the back-to-school season remains tough, though, as consumers confront high gas and food prices, a slumping housing market and tighter credit. ...more
July 11, 2008
The U.S. economy has been leaking jobs for six straight months, seven if government hiring is excluded. ...more
July 10, 2008
It may not be long before Florida motorists are paying close to $5 for a gallon of gasoline. ...more
July 1, 2008
When Congress started fashioning a sweeping rescue package for struggling homeowners this year, 2.6 million loans were in trouble. But the problem has grown considerably in just six months and is continuing to worsen. ...more
June 29, 2008
Rates on 30-year mortgages rose again this week, climbing to the highest level in more than nine months, reflecting more concerns about how the Federal Reserve will respond to higher inflation pressures. ...more
June 27, 2008
Growing global demand and supply constraints will push oil prices to $200 a barrel and gas prices to $7 a gallon within four years, forcing 10 million U.S. cars off the road, according to Jeff Rubin, chief economist at CIBC World Markets. ...more
June 27, 2008
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