Asia Day Ahead: U.S. Stocks Decline; KKR Planning to Go Public (Bloomberg.com)
July 28 (Bloomberg) — U.S. stocks dropped, resuming a two- month slump, after home sales fell more than economists forecast and bond investor Bill Gross predicted $1 trillion of losses for banks and brokerages.
Bailing out Fannie Mae may not be the solution - St. Petersburg Times
Back in ancient Rome, politicians had a trick for winning votes when debts got too high. They would campaign on a platform of wiping out existing debts. They promised a tabula rasa , a “blank slate.” These days, we don’t go for anything as crude as a …
Home loans double for entry buyers (Queanbeyan Age)
THE mortgage debt of first-home buyers has more than doubled in the past decade. The snapshot of social trends paints a stark picture of the growing pressures facing hundreds of thousands of people who have recently taken out their first home loan.