The Federal Housing Administration today will ask the public for ideas to help clear out the nation's stock of foreclosed homes. One idea gaining steam is to get foreclosed properties off the market by renting them out.
Back in June, everything was looking up for Silicon Valley investors. Now, the shaky markets are making it difficult to invest confidently in new ideas.
Interest rates for banks that borrow from the Fed will remain near zero percent for the next two years. But keeping rates that low for that long is unprecedented and making such a bold statement carries risk.
Economists say one of their big concerns in consumer confidence. But how do you build confidence? The TV psychologist says he thinks Americans need to focus on the important things in life.
Uncertainty in the economy is forcing the price of gold up. The Federal Reserve's pledge to keep interest rates near zero and investor distrust of hard currencies are also to blame.
With more than $500 billion in currency reserves and a budget surplus, Russia is upset with its BBB rating, which puts the country just behind Ireland, Cyprus and the Bahamas
Richard Dekaser, economist with the Parthenon Group, says people are concerned about the rising probability of a recession, and perhaps more importantly, that the government's economic policy 'looks a bit rudderless'
Josh Brown, a financial adviser at Fusion Analytics, says despite months of poor economic reports, Wall Street hasn't declared another recession, and 'they never will until we're about halfway through' it.
Marketplace Morning Report for Wednesday, August 10, 2011
Marketplace Morning Report for Wednesday, August 10, 2011
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