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Monthly Archives: August 2011
One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays off their existing mortgage and replaces it with a new one. This can often be … Continue reading
“Volatility” is Wall Street’s favorite term for losing your shirt. Volatility means down and up and down and up, a transient emotional upset. That’s not what this is. The Dow set one of its highs since the Great Recession began, … Continue reading
Moody’s now rates the chances of the U.S. economy falling back into recession at roughly 1 in 3. We don’t have to look far to find a more depressing outlook. The harshly sober view of economist Nouriel Roubini sees little … Continue reading
Bill Miller, chief investment officer of Legg Mason Capital Management, had this to say about Standard & Poors’ downgrading of American debt: “The action was wholly unnecessary and the timing could not have been worse. Compounding this, the reasoning was … Continue reading