Archive for April, 2010
Leaving Your Roth IRA to the Kids
Unless you take precautions, such as setting up a trust, your heirs could potentially forfeit decades of tax-free growth. Read More →
U.S. Role in Mortgage Market Grows Even Larger
The U.S. government's massive share of the nation's mortgage market grew even larger in the first quarter, rising to 96.5% of all home loans during the first quarter, up from 90% in 2009. Read More →
Wealthy Investors Discover Timberland
Since 1987, timberland has handily beaten stocks—but the asset class makes sense only for ultrawealthy, ultralong-term investors. Read More →
Canadian Dollar Uptrend at Risk as Positioning Heavily Overbought (DailyFX)
Canadian Dollar Uptrend at Risk as Positioning Heavily Overbought Fundamental Forecast for Canadian Dollar: Bearish - Canadian Dollar sentiment points to further gains - Extreme futures positioning nonetheless warns of a potential retracement The Canadian Dollar finished the week as the worst-performing currency of the G10, falling sharply against its US namesake on an apparent bout of profit-taking... Read the rest of this entry
Swiss Franc Could Appreciate If Greek Bailout Uncertainties Intensify (DailyFX)
Swiss Franc Could Appreciate If Greek Bailout Uncertainties Intensify Fundamental Forecast for Swiss Franc: Neutral - Swiss Leading Index Advances Hits Two-Year High - SNB Maintains Pledge To Prevent Excessive Appreciation The Swiss Franc lost ground against the greenback, with the exchange rate advancing to a fresh monthly high of 1.0923, while the low-yielding currency pared the previous week’s... Read the rest of this entry
Japanese Yen May Weaken On Greece Resolution, Positive NFP’s (DailyFX)
Japanese Yen May Weaken On Greece Resolution, Positive NFP’s Fundamental Forecast for Japanese Yen: Neutral - Bank of Japan leaves benchmark rate unchanged at 0.10% - Consumer prices remain unchanged at -1.1% in March - Retail trade unexpectedly rose by 0.8% beating estimates for a 0.6% decline. Read More →
US Dollar Strength Depends on Nonfarm Payrolls, Euro Zone Resolution (DailyFX)
US Dollar Strength Depends on Nonfarm Payrolls, Euro Zone Resolution Fundamental Outlook for US Dollar: Bullish - US Dollar rallies against Euro on sovereign debt crises in the Euro Zone - Euro nonetheless stages recovery as US Dollar falls amidst stock market strength The US Dollar finished the week lower against the Euro and other major forex counterparts, shedding early-week gains on a relative... Read the rest of this entry
Fannie Tightens Lending Standards
Fannie Mae said it will tighten underwriting on adjustable-rate mortgages and "interest-only" loans that helped fuel the housing bubble. Read More →
Fed Debated Rate Rises in 2004
New transcripts show Bernanke was at odds with several of his colleagues in 2004 when the Fed made a fateful decision to give the public a loud signal that interest rates wouldn't rise very fast. Read More →
Dow Falls 158.71, but Up for April
The Dow fell 158.71 points, or 1.4%, to 11008.61 as financial stocks fell amid reports of a criminal probe into Goldman Sachs. Blue chips gained 1.4% for April. Read More →
