According to a new survey conducted in late January by Charles Schwab, 85% of all independent advisors believe that the recession will be over in a couple of years. Two or so, they think. Perhaps a little more. Or less.
Some believe that it will be over by the end of this year, but not many.
Others [...]
This just in! Survey finds surveys superfluous!
March 4th, 2009 · No Comments
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London stocks rise
(AFP)
March 4th, 2009 · No Comments
AFP – The FTSE 100 advanced on Wednesday on bargain hunting while keeping a tab on stimulus signals in China, Japan and the United States.
Read More… [Source: Yahoo! News: Business]
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Lawmaker goes after ex-Fannie CEO over loan deal
(AP)
March 4th, 2009 · No Comments
AP – A Republican lawmaker is accusing the former chief executive of mortgage finance company Fannie Mae of being dishonest in testimony before Congress about discounts he received on his home loan.Read More… [Source: Yahoo! News: Business]
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Billionaire Stanford retains lawyer in SEC case
(Reuters)
March 4th, 2009 · No Comments
Reuters – Allen Stanford hired a Dallas lawyer to represent him in a case where he is accused of an $8 billion fraud by the U.S. government, court records showed.
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Brain-boosting drugs: An ‘entrepreneur’ pill
March 4th, 2009 · No Comments
So you want to be an entrepreneur? Today the first step is a solid business plan. Tomorrow it could be a bottle of pills. Cambridge University scientists made headlines last November by suggesting that an “entrepreneur drug” might someday replicate the brain chemistry seen in successful small business owners. Fortune Small Business checked in with [...]
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New Regulations Impact Toy Makers
March 4th, 2009 · No Comments
Congress is cracking down after the China toy recall. Here’s what you need to know about the latest regulatory standards.Read More… [Source: Entrepreneur.com: Starting a Business]
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GE shares fall 15 percent to below $6
(Reuters)
March 4th, 2009 · No Comments
Reuters – General Electric Co’s shares fell more than 15 percent on Wednesday, trading below $6 for the first time since 1991, as investors’ anxiety about its hefty GE Capital arm continued to swirl.Read More… [Source: Yahoo! News: Business]
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U.S. service sector contracts again in February: ISM
(Reuters)
March 4th, 2009 · No Comments
Reuters – The U.S. service sector shrank further in February but by less than expected, according to a report released on Wednesday.Read More… [Source: Yahoo! News: Business]
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One in five U.S. mortgage borrowers are underwater
(Reuters)
March 4th, 2009 · No Comments
Reuters – One in five U.S. homeowners with mortgages owe more to their lenders than their properties are worth, and the rate will increase as housing values drop in states that have so far avoided the worst of the crisis, a new study shows.
Read More… [Source: Yahoo! News: Business]
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U.S. Treasury launches mortgage modification program
(Reuters)
March 4th, 2009 · No Comments
Reuters – The Obama administration on Wednesday gave lenders a green light to begin modifying home mortgages under a new $75 billion program aimed primarily at people facing imminent financial hardship.Read More… [Source: Yahoo! News: Business]
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