Tag Archive for Slump

Reuters- “Evidence” suggests anti-foreclosure laws may backfire | Not So Says Adler

Quoted sections below from Insight: Evidence suggests anti-foreclosure laws may backfire | Reuters. State and federal laws enacted to protect homeowners from eviction in the wake of the 2008 housing crash may be extending the slump, according to a growing number of economists and industry experts. Everyone with a complaint about this has a vested interest…

Bank of England Maintains Interest Rate and Stimulus Program – NYTimes.com

LONDON — The Bank of England decided Thursday to keep its benchmark interest rate unchanged at a record low as the British economy struggles to recover amid the government’s austerity program and troubles in the euro zone. Britain’s central bank kept its main interest rate at 0.5 percent, where it has been since the beginning…