Federal Reserve Chairman Ben Bernanke will not offer QE3 to help the economy. March 1, 2012- On Wednesday, Ben Bernanke the Chairman of the Federal Reserve, warned the U.S. Congress that unless the growth in the economy speeds up, high unemployment would not continue to fall. However, he did not mention any further help from the Fed through bond purchases. Bernanke said, “The jobs market is nowhere near normal.” He added, “Additional improvement will require better growth in production due... 

U.S. mortgage prices are hitting record lows. December 16, 2011- This week the rates for mortgages dropped to record lows. The average 20-year fixed mortgage rate fell to just 3.94%. That matched the lowest all time rate from October of this year. The rate for a 15-year fixed mortgage dropped to a new low of 3.21% that passed a previous low set from October 6 of this year. Adjustable rate mortgages for five-year terms fell to new lows for the week at just 2.86%. According to analysts, the low mortgage... 

The EU elite are desperately trying to hold the Euorpean Union together at any cost. December 2, 2011- In an attempt to stop a global economic crisis, the finance ministers of the 17-euro zone nations are meeting in Brussels. Their goal is to save the common currency in the zone and make sure the global economy is not affected by their sovereign debt crisis. The ministers have begun to discuss ideas that at one time were unthinkable but must be considered in moments of desperation. Ideas included...