U.S. House Prices Keep Climbing with a 1.2% Rise in June
It troubles me greatly to know that while the 30 year Treasury bond is yielding a mere 4.6%, we are not locking in that low rate for our newly issued debt. Any thinking American knows it would be best to take advantage of that ridiculously low yield and finance the Treasury's borrowing at the long end of the curve.
Housing is Still Dead, Foreclosures up 15% in First 6 Months
Why Great Housing Starts Just Can't Support Copper
Copper traders were buoyed by the relatively good news coming out about Lowe's Cos., Inc. (NYSE: LOW), taking the active July COMEX contract above $2.04 a pound Monday morning. A better-than-expected quarterly profit, together with a raise in earnings forecasts from the nation's second-largest home improvement chain gave fresh hope that the economic slump was easing and spending was stabilizing.