Greece’s tax revenues slumped 23 percent below target in January as citizens held off on paying taxes before a snap election, marking a setback for the new left-wing government as it seeks a deal with European partners to avert a financial crisis. Finance ministry data showed tax revenues were 3.49 billion … Read entire story.
WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.
Some investment analysts are recommending U.S. Treasury Inflation-Protected Securities (TIPS). If you agree, the best way to go about it is with index-based ETFs, writes John Prestbo.
This morning’s early publication of Japanese housing starts portrayed a capital economy in deep contraction heading into the end of 2011. Housing starts are an indicator of the number of private homes starting construction, making it an early gauge of domestic capital investment and early consumer spending and optimism. The indicator…