home values
Consumer confidence drops in AugustPosted by RJ and Makay on Aug 31, 2011 |
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Consumer confidence in August fell to its lowest level in more than two years, according to Tuesday’s Conference Board report. High unemployment, partisan wrangling over the budget, and volatile stock markets sank the index to 44.5 from a downwardly revised 59.2 in July, the lowest level since April 2009. It was the biggest month-to-month point drop since October 2008.
Growing wealth gap between whites and minoritiesPosted by RJ and Makay on Jul 28, 2011 |
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New census data indicates that the wealth gap between whites and minorities has grown to its widest level in 25 years. The recession and spotty recovery has erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times the net worth of Hispanics, according to the data.
Investment managers remain cautious, yet optimisticPosted by RJ and Makay on Jul 22, 2011 |
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A new quarterly survey released Monday by Northern Trust indicates that risk managers were more risk averse in the second quarter of 2011, yet almost three-quarters of survey recipients are optimistic about job growth and over half expect short-term corporate earnings growth. 42% of managers said they were more risk averse in Q2 than they were in Q1 2011, when 36% of managers said they were more risk averse than in the previous quarter.
Epicurus (Greek philosopher, BC 341-270)
