Tuesday, July 08, 2008

More economic issues


FRIGHT OF THE FINANCIALS

MORTGAGE MESS: FREDDIE, FANNIE Plunge on Speculation Firms May Need to Raise $75 Billion...

...home loan titans at risk?

Media stocks hit big...

Financial market losses could top 1,600 billion dollars: report: Bridgewater, one of the world's biggest hedge funds, based its calculations on the state of risky debt-based US assets, such as mortgages, credit and credit card demands.

Retail Property, Vacancies Q2 Worst in 30 Years: U.S. store closings and cutbacks turned the second quarter into the worst for strip mall owners in 30 years, as budget-conscious consumers flocked to low-cost warehouse-style grocery centers, according to a report by real estate research firm Reis.

McCain promises to balance budget: Sen. John McCain (R-Ariz.) plans to promise on Monday that he will balance the federal budget by the end of his first term by curbing wasteful spending and overhauling entitlement programs, including Social Security, his advisers told Politico.

US Housing Crisis To Go Well Into 2009




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