Central bank chief says Israeli economy resilient

He said the closely-supervised Israeli banks have largely steered clear of risky mortgage investments and the complex financial instruments that have burned fingers elsewhere. Fischer is a former Wall Street heavyweight and senior International ...

Get professional help to buy a foreclosure

Julie and I did it. Denise Starcher and her husband also did it. Thousands of others are trying to do it and are encountering unexpected hurdles. "I happened to come across your article in that drawer and reread the part about this Special Limited ...

SBI to decide on rate cut later this week

Though Bhatt said there was some slowdown in demand in segments like home loans and consumer durables finance, the bank’s credit flow is growing at around 31 per cent against the target of 25 per cent for the year. A part of the increase in demand ...

Strong end to October leaves markets hopeful though pressing economic ...

The chief worry that set off the market's year-old decline, the housing market, remains, Merk noted. "We haven't seen the bottom yet in the housing market and ultimately that's the problem and if the housing market continues to slide, banks will need ...

Housing remains the biggest problem facing the US economy

Of all the problems facing America's Main Street economy, housing remains the most significant. In spite of having a long lead-time on the rest of the economy – the housing market began to tank 18-24 months ago – the situation is only getting ...

Challenging the Crowd in Whispers, Not Shouts

A search of the Federal Reserve Board’s working paper series reveals a few papers that touch on the ... panel advises the president of the New York bank, who, in turn, is vice chairman of the Federal Open Market Committee, which sets interest rates.

South Fork towns weigh tax hike to offset housing slump

As Southampton Town officials try to figure out their budget for 2009, it has become clear to them that - no matter what they do - the tax rate increase will be 5 percent. That's the self-imposed tax increase cap with which the town board has lived ...

Deflation lurks as global demand declines

The Federal Reserve has been aggressively lowering its target for interest rates to spur economic activity. "The central bank has carte blanche to create nearly any level of inflation it wants," said Kenneth Rogoff, a former chief economist at the ...

An economic slowdown, yes, but a depression?

Federal Reserve, Bank of Japan and People's Bank of China lowered interest rates last week. With the rate cuts, government steps to shore up banks and guarantee loans, and programs to get hard currency into emerging markets, credit is starting to flow ...

Sales of new homes unexpectedly rise in September

The surprising increase in September sales still left them 33.1% below the level of a year ago as the country is battered by the worst housing slump in decades. The report followed news last week that sales of pre-owned homes rose 5.5% in September ...

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