(Reuters) - Kukla participated in a panel discussion at the National Conference of State Legislatures' spring meeting.
Subprime lending caused homeownership to drop, not rise, in recent years, Kukla said, citing a study posted on the group's Web site. The Center for Responsible Lending describes itself as a nonprofit, nonpartisan research and policy organization, working to eliminate abusive financial practices.
Read more at Reuters.com Bonds News
Friday, April 20, 2007
Gold hits 11-month high, platinum jumps on dlr, ETF
(Reuters) - A rebound in Chinese stock markets also helped the bullion market, as it eased concerns that a possible hike in interest rates could hit demand in China.
Gold rose as high as $693.60 an ounce and was quoted at $692.60/693.10 an ounce by 1446 GMT, against $681.70/682.20 late in New York on Thursday.
Read more at Reuters.com Hot Stocks News
Gold rose as high as $693.60 an ounce and was quoted at $692.60/693.10 an ounce by 1446 GMT, against $681.70/682.20 late in New York on Thursday.
Read more at Reuters.com Hot Stocks News
US STOCKS-Shares rise on optimism over profits
(Reuters) - NEW YORK, April 20 - U.S. stocks rallied on Friday, with the Dow coming within 50 points of the 13,000 mark, as stronger-than-expected earnings from companies including Google Inc. and Caterpillar Inc. eased investor nervousness over quarterly results.
Dow component Caterpillar, a manufacturer of heavy construction and mining equipment, also raised its outlook and said growth outside North America was offsetting weakness in the U.S. housing and truck engine markets. For more see [ID:nN19299226].
Read more at Reuters.com Bonds News
Dow component Caterpillar, a manufacturer of heavy construction and mining equipment, also raised its outlook and said growth outside North America was offsetting weakness in the U.S. housing and truck engine markets. For more see [ID:nN19299226].
Read more at Reuters.com Bonds News
U.S. precious metals finish higher on ETF proposals
(Reuters) - Both platinum and palladium jumped more than 2 percent, while silver also gained over 1 percent on Friday.
Most-active gold for June delivery on the COMEX division of the New York Mercantile Exchange settled up $7.50, or 1.1 percent, to $695.80 an ounce. It fell to a low of $686.70 in early trading.
Read more at Reuters.com Hot Stocks News
Most-active gold for June delivery on the COMEX division of the New York Mercantile Exchange settled up $7.50, or 1.1 percent, to $695.80 an ounce. It fell to a low of $686.70 in early trading.
Read more at Reuters.com Hot Stocks News
U.S. recession warnings flashing, economist says
(Reuters) - Kasriel argues that the relationship between the 10-year Treasury bond yield and the federal funds rate has signaled every recession since that of 1969.
"I have modestly named this combination the Kasriel Recession Warning Indicator," he said. "The KRWI is now sending out a recession warning as of the first quarter of this year, in that the yield spread is negative and the real monetary base is contracting."
Read more at Reuters.com Bonds News
"I have modestly named this combination the Kasriel Recession Warning Indicator," he said. "The KRWI is now sending out a recession warning as of the first quarter of this year, in that the yield spread is negative and the real monetary base is contracting."
Read more at Reuters.com Bonds News
Latin Stocks Gain for Fifth Week, Led by Banco Bradesco; Peru Miners Soar
(Bloomberg) -- Latin stocks rose and headed for a fifth straight weekly gain, led by Brazil's Banco Bradesco SA, as a bidding war for ABN Amro Holding NV drove up prices for the region's banks.
The Morgan Stanley Capital International index of Latin American shares gained 1.7 percent to a record 3,384.07 as of 1:38 New York time. The index of 130 stocks gained 39.10 points, or 1.2 percent, today.
Read more at Bloomberg Stocks News
The Morgan Stanley Capital International index of Latin American shares gained 1.7 percent to a record 3,384.07 as of 1:38 New York time. The index of 130 stocks gained 39.10 points, or 1.2 percent, today.
Read more at Bloomberg Stocks News
US STOCKS-Shares jump as earnings beat estimates
(Reuters) - NEW YORK, April 20 - U.S. stocks rose sharply on Friday, with the Dow coming within 50 points of the 13,000 mark, boosted by stronger-than-expected earnings from companies including Google Inc. and Caterpillar Inc. .
Dow component Caterpillar, a manufacturer of heavy construction and mining equipment, also raised its outlook and said growth outside North America was offsetting weakness in the U.S. housing and truck engine markets. For more see [ID:nN19299226].
Read more at Reuters.com Bonds News
Dow component Caterpillar, a manufacturer of heavy construction and mining equipment, also raised its outlook and said growth outside North America was offsetting weakness in the U.S. housing and truck engine markets. For more see [ID:nN19299226].
Read more at Reuters.com Bonds News
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