Every problem is supposed to have a solution, no matter how difficult.
The rising number of foreclosures and the falling prices of homes should be arrested by plans from the government and large banks to reset and renegotiate home loans for people who are at risk for being thrown out. So far, nothing else has worked.
At the same time institutions are trying to help the housing market, foreclosures are rising.
There is no economic slowdown under the golden arches. Where else can someone buy a large meal of heart-healthy food for under $2, and only $1 for the kids.
McDonald’s has begun to make the case to investors that it is in a business which will be unscathed by a recession. It is not alone in that, but it is a member of an increasingly elite club.
According to Reuters, Japan will supply money to the IMF.
Reuters reports that Citigroup (C) is looking at buying Chevy Chase Bank.
Reuters reports that the US may need to insure wholesale deposits.
Reuters reports that foreclosures rose 25% in October.
Most markets in Asia fell.
The Nikkei was off 5.3% to 8,239, Sony (SNE) dropped on concerns about holiday sales.
The Hang Seng fell 6% to 13,097. HSBC (HBC) fell sharply.
The Shanghai Composite was up 3.7% to 1,928.
At the open in Europe, the FTSE 1.1% to 4,138. The Dax was off .6% to 4,592. The CAC 40 dipped 1.2% to 3,196.
Data from Reuters
Douglas A McIntyre
| Today’s top tickerspy Indexes | |
| Domestic Telecom ... | +2.6% |
| Stem Cell Stocks | +2.3% |
| Pain Management S... | +2.1% |
| Ethanol and Biofu... | +1.9% |
| Savings and Loan ... | +1.8% |
 | |
| |
RSS Updates
Email Updates
