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The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is also the organization that tells us when we are in and out of recession. The report today from the Business Cycle Dating Committee of the National [...] If you purchased your home when rates were higher and you have not refinanced into a lower interest rate, you remember when 6% was a great interest rate. It’s not now. The average interest rate on a 30-year fixed rate mortgage has recently jumped from 5% to more than 5.3% and home buyers in [...] Do you love economic charts and graphs? Does the thought of visualizing economics excite you? If you answered, “Yes!”, then you must explore Visualizing Economics, a beautiful blog by the talented Catherine Mulbrandon. Explore Visualizing Economics and you won’t be disappointed. You’ll see a huge collection of financial graphics. Some of my favorites include [...] If you surf the financial web sites or spend time watching the financial news channels on television, you hear a lot of BIG numbers being tossed around these days. Take the number for the US National Debt. It’s more than 12 Trillion (with a “T”) dollars. That’s a HUGE number! Most people have trouble [...] MSNBC.com reports in, Home sales tumble as first-time buyers back off, that sales of previously owned homes fell more last month (December 2009) than in any other month in the last 40 years: 16.7% according to the National Association of Realtors. However, for the first time in the last four years, home sales actually [...] |
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