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Big Sell-Off as World Bank Downgrades Growth

by devteam June 22nd, 2009

Investor sentiment began the week with a rapid downward slide after the World Bank released new forecasts severely downgrading the prospects for a global recovery. The world economy remains "unusually uncertain" and is now expected to shrink

Demand for Refinancing Shrinks, MBA Says

by devteam June 19th, 2009

Demand for mortgages plummeted last week, pushing the index tracking mortgage applications down to a seven month low, even as average rates for a 30-year fixed mortgage moderated, a weekly report said Wednesday. Loan applications decreased 15.8% in the

Obama Calls for Regulation Overhaul

by devteam June 19th, 2009

Any talk of new regulation tends to frighten investors and, today, the Obama administration is announcing new plans to empower the Federal Reserve and create new institutions for systemwide oversight. The S&P 500 has already fallen 3.6% this week

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