Monthly Archives: August 2011
Strong Job Growth In July Trumped By Credit Downgrade
Here is a great blog post from my Coach, Carl Rizzuto: More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobswere created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June’s originally-reported figures were both revised higher:... Read More
Economy, not debt rating and market turmoil, is chief driver in current housing market
Everyone is very concerned about the debt rating downgrade right now. However, the economy is the main driver for current housing market conditions. Greg McBridge, senior financial analyst at Bankrate.com, says that “as long as the economy continues to limp along, interest rates will not increase.” This is great news for those people who are ready... Read More