Archive for November, 2009

U.S. stimulus funds run out for lower SBA loan fees – Reuters


ProPublica
U.S. stimulus funds run out for lower SBA loan fees
Reuters
WASHINGTON, Nov 24 (Reuters) – The Small Business Administration said on Tuesday that supplemental economic stimulus funds for its two most
Heritage Bank Ranks #3 in SBA 7(a) LendingBenzinga

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Obama admin sees more U.S. stimulus hiring in 2010 – Reuters

Obama admin sees more U.S. stimulus hiring in 2010
Reuters
Kevin Brady, a Texas Republican, declared the stimulus a failure and asked US Treasury Secretary Timothy Geithner to step down. Bernstein said there was "no

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US economy: revised GDP numbers raise specter of a relapse – Christian Science Monitor


Telegraph.co.uk
US economy: revised GDP numbers raise specter of a relapse
Christian Science Monitor
As Zandi sees it, the government can afford to spend a bit more on stimulus now — but has depleted the resources it would need to battle another big
US GDP growth revised down to 2.8% rate for third quarterMarketWatch
US Economy Expanded at a 2.8% Rate in Third QuarterBloomberg
US economic growth revised down to 2.8%Times Online
Benzinga
all 1,213 news articles »

Expect the Worst Currency Crisis in 2010

Mortgage Delinquencies Hit 14 Percent – A Record High

According a survey of the mortgage industry which was released last Thursday, over 14% of mortgage borrowers were in trouble during the third quarter. This survey would suggest that the forecloser rates may not peak until next year, considering the unemployment rates are still rising.

‘Road Trip’ Shows US Stimulus Falls Short, ING Says – Bloomberg

'Road Trip' Shows US Stimulus Falls Short, ING Says
Bloomberg
18 (Bloomberg) — President Barack Obama's $787 billion stimulus program will fall short of its jobs target, ING Financial Markets economist Rob Carnell

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Unable To Recover, the US Decides To Create Asian Angst

Federal Reserve’s gusher of dollars is starting to cause serious consequences for the rest of the world. It is especially evident in Asia where Obama is currently getting an earful from Asian leaders about what the US dollar is doing to their economies. Many Asian counries are getting a huge liquidity kick, where people borrow [...]

Asia Expected To Lead To Recovery

As jobloss in the US threatens to undermine consumers as the biggest part of the economy, the confidence of consumers made an unexpected sudden drop in November. Consumer spending, which accounts for two-third of the economy, decreased to a three-month already to 66 back in October 2009.

“They Will Take Us To War”

“After The Failure of Stimulus and Finances – The Next Step is To Take The Nation Into War”