Marketplace Morning Report for Thursday, January 15, 2015
Airing on Thursday, January 15, 2015: Until today, Switzerland had a policy that it would never let the Euro fall below a specific floor. A Euro would be worth 1.2 swiss franc, at the very least. But as the Euro's value kept drooping with all the uncertainty of a Greek General Election on the way, it was costing Swiss banking authorities a fortune to keep that floor in place. Today, without warning, Switzerland let go of the euro, and the franc shot up. More on that. Plus, some real estate experts are now suggesting the America's terrible foreclosure crisis may be over, by one key measure. RealtyTrac is out with its 2014 report on mortgage-delinquencies, foreclosure auctions, and bank repos-and the rate at which Americans are losing their homes because they can't pay the mortgage is now back to pre-recession levels. Plus, a friendly reminder that explaining the gyrations of the stock market can be like staring at clouds long enough to see shapes of animals or faces.
Airing on Thursday, January 15, 2015: Until today, Switzerland had a policy that it would never let the Euro fall below a specific floor. A Euro would be worth 1.2 swiss franc, at the very least. But as the Euro’s value kept drooping with all the uncertainty of a Greek General Election on the way, it was costing Swiss banking authorities a fortune to keep that floor in place. Today, without warning, Switzerland let go of the euro, and the franc shot up. More on that. Plus, some real estate experts are now suggesting the America’s terrible foreclosure crisis may be over, by one key measure. RealtyTrac is out with its 2014 report on mortgage-delinquencies, foreclosure auctions, and bank repos-and the rate at which Americans are losing their homes because they can’t pay the mortgage is now back to pre-recession levels. Plus, a friendly reminder that explaining the gyrations of the stock market can be like staring at clouds long enough to see shapes of animals or faces.
