Greece has been in the economic doghouse as of late. The Greek economy shrank 6.8 percent in 2011, and unemployment has soared more than 13 percent in the past three years from 7.7 percent in 2008 to more than 20 percent today. The country is in a disaster zone right now.
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HARP 2.0 – Markets and Musings With Chief Economist Bob Walters
In the first of a biweekly video series we’re calling Markets and Musings, which can be found in the Quicken Loans Press Room, Quicken Loans Chief Economist Bob Walters lays out the key timing of the HARP 2.0 program.
Stock Market 101: Understanding the Basics
The stock market is a complicated entity to understand. Seriously. We’re bombarded with information about stocks and the ebbs and flows of the trading day, but some people have a hard time understanding the basics. My goal here is to break down the basics of the stock market – the stuff you need to know if you want to impress your friends at dinner one night.
30-Year Fixed Rates Stay at Record Lows
My buddy and I made some bets this morning as to which direction we thought 30-year fixed mortgage rates would go. He said they were going to inch up a little bit, and I thought they were going to drop marginally. It turns out that we were both wrong.
President Obama Proposes Jobs Plan for Veterans
Today, President Obama revealed details surrounding a new $5 billion veterans jobs proposal called the Veterans Jobs Corp Initiative.
CNN Money: January Employment Up, Unemployment Down
Since October of last year, American employers have increased their hiring for the fifth month in a row. Read on to get some key takeaways from the Bureau of Labor Statistics jobs report.
Unemployment Rate Drops to Three-Year Low
I walked into the office this morning to some extremely positive economic news that I have to share with you – that is if you haven’t watched the news yet today, been on Twitter, or perused some finance websites out there. The unemployment rate fell to 8.3 percent.
Europe and Greece: Where Do They Stand Economically?
Europe is in a debt crisis. It has been well documented over the past year that things aren’t looking good financially for the eurozone, and top economic officials are having a hard time cleaning up the mess that they are in. Where does Europe stand right now?
The Federal Reserve Release in Common English
Federal releases can be kind of confusing and difficult to understand. So, for your convenience and hopefully enjoyment, I decided to take a stab at breaking it down into common English for you.
Twinkie Manufacturer Hostess Files For Bankruptcy
Times aren’t so sweet for Hostess nowadays. The Irving, Texas, based company filed for Chapter 11 bankruptcy this afternoon, citing the fact that they owe more than $1 billion to between 50,000 and 100,000 creditors.
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