Financial News From The Week Of July 25th, 2008…
August 4, 2008 | Author Dr Agon Fly
I pay close attention to the financial news. It’s part of my job to know what’s really going on in the general economy so I can properly train other advisors and guide my personal clients with integrity.
Below are six articles from financial news sources from last week I encourage you to skim the first five and read No. 6 carefully.
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Government debt nears record high The Bush administration announced its plans to borrow billions of dollars to deal with the skyrocketing budget deficits, placing the blame for the near record levels of debt on the dismal economy a… |
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President Bush signs housing rescue bill Despite previous threats to veto any proposed housing bill, President Bush today signed a controversial bill that aims to help the limping U.S. housing market as well as provide a financial boost m… |
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Home prices down 15.8% in one year Between May 2007 and May 2008, the cost of homes in the U.S. declined an unprecedented 15.8 percent, indicates the Standard & Poors/Case-Shiller Home Price Index of 20 cities. This figure… |
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Hedge funds to post worst month in five years Hedge funds may post their worst month in at least five years after bets on financial stocks and crude oil backfired. Wagers on a decline in financial stocks and homebuilders soured afte… |
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IMF: Housing recession, credit condition will worsen The International Monetary Fund (IMF) today said there is no visible end to the ongoing housing recession in the U.S., adding that tough credit conditions could contribute to an extended economic s… |
Don’t expect another bull market
Stock returns may never be the same – at least for this generation of investors.
(Fortune) — Although you won’t find it listed on your calendar, we’re approaching the anniversary of an epochal event. No, it has nothing to do with the NCAA basketball tournament. It’s a different kind of March Madness: The end of the bull market that lasted for a generation and changed the way that Americans think about stocks.
Posted in Money, Personal Financial Management, What Others Say | 
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