So far this year Bank lending in the US has slide at the drastic rate. This rate of fall was the fastest in recorded history. So it is raising concerns for the Federal Reserve. Now it has been apprehended that emergency stimulus may have been withdrawn by the reserve.
Lending has fallen by over $100bn (£63.8bn) [...]
Feb
19
2010
19
2010
Drastic fall in US Bank lending
Feb
11
2010
11
2010
Fresh jobless number declines
In what could probably be seen as the latest indication of the country coming out of the recession, first-time applicants for state jobless benefits showed a sharp drop last week. This reverses a trend showing gains over the past few weeks.
Initial claims for jobless benefits fell 43,000 to a seasonally adjusted 440,000 in the [...]
Feb
10
2010
10
2010
Home prices slide further
One in five housing markets In the United States entered a second leg of home price declines in late 2009, after showing price increases for nearly half of last year, according to Zillow.com, a real-estate Web site.
Besides, one of every five U.S. home owners had more debts than their property was worth in the fourth [...]