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A quick roundup of economic data

Marketplace Staff Aug 11, 2010

A quick roundup of economic data

Marketplace Staff Aug 11, 2010


Kai Ryssdal: Agitated as today’s equity markets were, there’s more out there that gets traded than just stocks, you know. Gold prices gave back a little bit today, but they’ve been on a tear the last month or so.

Marketplace’s Paddy Hirsch explains.

Paddy Hirsch: People are worried about the local economy. They think gold is the safest investment, so that’s where they put their money.

I’m Paddy Hirsch for Marketplace.

Ryssdal: What? Wait. Already? All right, OK. So gold, I guess, is a safe bet for now. The outlook on another key commodity isn’t quite so sunny though. Crude oil futures went the way of equities today.

Marketplace’s Liza Tucker tells us why.

Liza Tucker: Demand is way down for oil. That’s because some economies are shaky and countries aren’t using as much.

I’m Liza Tucker for Marketplace.

Ryssdal: Man, again? All right, well, whatever. I guess oil’s not looking so hot and the same could be said about new mortgage applications. The numbers were flat for last week, despite some record low interest rates.

Marketplace’s Ethan Lindsey has that story.

Ethan Lindsey: People are still scared about the economy. So no one wants to blow their savings on a house.

I’m Ethan Lindsey for Marketplace.

Ryssdal: Y’know, it’s funny, our news spots are usually a whole lot longer than that. I’m not really sure what happened on those.

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