Tag Archive for First Quarter

Euro crisis hits Global Profits says Bloomberg, but June US tax collections hit 4 year record

Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a 4 year record. Europe’s debt crisis is putting pressure on corporate earnings globally with companies from Procter & Gamble Co. (PG) to Danone (BN) cutting forecasts and signaling profits will…

Americans Sees Biggest Home Equity Jump in 60 Years: Mortgages – Bloomberg

Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The 7.3 percent gain was the biggest jump in more than 60 years, according to an analysis by Bloomberg…

Greek unemployment hits record while French jobless rate reaches 10pc – Telegraph

By Louisa Peacock Eurozone unemployment marched higher on Thursday as Greek joblessness reached a new record and France’s jobless rate hit the psychologically damaging 10pc mark. Greece has been struggling through a financial crisis for the past two years, and has been relying on billions of euros in international rescue loans from other eurozone countries…

Home prices hit post-boom lows: What does that mean for housing market? – Full Story

[repostus hash=2c2ada98239ba34e594ada7e689a54b2 title=Home+prices+hit+post-boom+lows%3A+What+does+that+mean+for+housing+market%3F host=The+Christian+Science+Monitor short=1cX6T snip=By+Mark+Trumbull+posted+May+29%2C+2012+at+4%3A13+pm+EDT+Just+when+prognosticators+were+starting+to+get+more+optimistic+about+a+housing+recovery+comes+this+news%3A+A+major+index+of+US+home+prices+fell+to+new+post-boom+lows+during+in+the+first+quarter.+Does+this+mean+all+the+hopes+for+a+springtime+of+renewal%26hellip%3B thumb=http%3A%2F%2Fimg.1.rp-api.com%2Fthumb%2F2064079 jump=7] For my take on Case Shiller, see Case Shiller- A Rant