Marketplace for Monday, December 15, 2008
Posted In: Retail
Sales of luxury goods are down. But even for shoppers who can afford to splurge, flaunting your moneybags is not so cool. So, high-end shoppers are turning to catalogs to spend their money and it's working out pretty well. Stacey Vanek-Smith reports.
Hungarians have experienced a rise in the quality of life since communism ended. But to support their new lifestyles, many Hungarians depended on foreign loans. Now, Hungarians with loans in foreign currency may be hungry for change. Stephen Beard reports.
Posted In: Auto
There may be a large contingent of greener cars on the road, but gas guzzlers and other fuel-consuming vehicles are still zooming down the freeways. Commentator Virginia McConnell says that higher gas prices and taxes could be good for the auto industry and us.
Posted In: Housing
Fannie Mae is developing a policy to allow renters who live in foreclosed properties to stay in their homes and avoid eviction. The new policy comes on the heels of the mortgage finance company's current holiday eviction moratorium. Sam Eaton reports.
The Federal Reserve Board will likely announce Tuesday it is cutting interest rates. But what happens next? As John Dimsdale reports, it may take more than just low rates to get banks back in the game.