While the United States came to an agreement on robo-signing, the dance of the Greek bailout continues. Warren Buffett knocked gold investors as fearful. And U.S. initial unemployment claims continued to fall.
While the United States came to an agreement on robo-signing, the dance of the Greek bailout continues. Warren Buffett knocked gold investors as fearful. And U.S. initial unemployment claims continued to fall.
The federal government, various state attorneys general and the largest banks in the country have struck a deal that would specify an assortment of mild punishments for the banks’ involvement in robo-signing. And despite discussions, there was still no clarity on the Greece situation coming out of Europe.
All species of consumer credit increased during the fourth quarter of 2011, according to the Fed. An optimism index published by Investor’s Business Daily improved 1.9 points for February. And the talks in Greece continue, proving to be nail-biting for investors.
Greece pushed back its austerity deadline from Monday to Tuesday, but is under intense pressure to reach a deal. The Conference Board saw its Employment Trends Index rise 0.73 points in January. And CRE prices seem to have plateaued for the time being.
January’s employment totals were even better than expected, adding 243,000 jobs. Greece’s government has finalized an austerity deal for the economically challenged nation. And the ISM’s non-manufacturing index rose 3.8 points last month.
The U.S. Bureau of Labor Statistics reported that 243,000 jobs were added to the economy in January. The CBO expects sluggish economic growth for the next two years. And Fed Chairman Bernanke sparred with some members of Congress over monetary policy.
ADP reported on Wednesday that the U.S. private sector created a net 170,000 jobs in January. The Institute for Supply Management said U.S. manufacturing activity continued to expand. And President Obama outlined his mortgage-refinance proposal.
Despite rising property sales, most housing markets aren’t seeing rising prices. Consumer confidence, too, dropped by 3.7 points from December to January. But Wall Street saw a rare “golden cross” yesterday, which usually precedes bull markets.
U.S. personal income grew 0.5 percent in December, according to the Bureau of Economic Analysis. All but two EU nations voted to enact Germany’s fiscal policies. And the Midwest Manufacturing Index rose by 1.7 points in December.