http://www.economyguy.com Economic News For Everybody....by Tom Harvey and Cyrus Uible Fri, 12 Mar 2010 22:11:53 +0000 http://backend.userland.com/rss092 en Stocks and bonds moved sideways again today – isn’t the market having a hard time deciding on its direction? The Dollar fell against the Euro, and Gold/oil/gasoline all fell too.  Counterintuitive, but don’t worry, it will get straightened out next week.  Oil might fall below $80, and if it does, it ... http://www.economyguy.com/doom-and-gloom/ Stocks were up slightly, but all other markets went sideways.  Politics in DC gets most of the attention. In the news today.... GMAC will lose – over $6B of YOUR money.  The Treasury has invested over $17B in the company so far.  A Congressional Oversight Panel said it’s about time that the ... http://www.economyguy.com/gmac-losing-your-money/ In the news today..... Condo’s Fight Back – by forcing banks who hold mortgages on condos to pay the HOA fees.  This is true for Housing associations too.  It’s called a “reverse foreclosure.”   Here’s how it works.  When a Condo owner stops paying its mortgage, it generally stops paying HOA fees ... http://www.economyguy.com/condos-fight-back/ Stocks were flat today, but bond interest rates continues their slow climb upward. The Dollar was flat, but oil/gasoline went up, and gold went down a little. In the news today..... New Home Assistance Program – is now going to start on April 6th.  The program will encourage home owners who are underwater ... http://www.economyguy.com/new-home-assistance-program/ Stocks rose to a near term high above 10,500 and bond interest rates increased slightly. The Dollar went sideways, as did gold.  But, oil and gasoline were much higher and you can now anticipate increasing gas prices. Unemployment  Rate – stayed at 9.7% for February.  How did this happen?  Well, the official ... http://www.economyguy.com/the-mortgage-market/ Stocks and bonds were sideways today. The Dollar lost 1.5 cents against the Euro which sent oil and gold prices higher. In the news today...... Detroit Real Estate – prices are astonishing.  Can this happen else where?  Or, is this just associated with the car industry meltdown?  20% of Detroit foreclosure are being ... http://www.economyguy.com/detroit-real-estate/ Stocks jumped up a little today, but they are really going sideways as are all other markets. In the news today..... Bank Loans – are down since the crisis started – not much new there, but what are the banks doing with your deposits?  Here is a graph showing the decrease in ... http://www.economyguy.com/bank-loans/ Stocks fell on the poor consumer confidence news.  Bond interest rates fell on the news.   The Dollar continued its strengthening, and gold/oil/gasoline all fell in concert. In the news today.... Consumer Confidence – hit a new recent low going back to 1983.  What this means is that people are less confident in ... http://www.economyguy.com/consumer-confidence-dropping/ Stocks went sideways today, but interest rate continued to creep up. The Dollar gained a little, and gold fell a little, and oil/gasoline went up, and are starting to look expensive. In the news today..... Citibank – has told its customers that it may refuse to allow you to remove funds for 7 ... http://www.economyguy.com/growth-without-jobs/ Stocks moved sideways today, confused by the FED’s move. Bonds increased in interest rates, and have been for the past couple of week.  The bond market foresaw the FED move, and was nervous about Europe and Iran. The Dollar went sideways as did Gold. Oil and gasoline is pointing the way right now. ... http://www.economyguy.com/fed-discount-rate/