Bad Credit Loans

More than 20,000 American mortgagees to hit Palm Beach as Naca’s five-day mortgage modification marathon gets under way In the pre-dawn darkness of a steamy night of sub-tropical rain, a queue of anxious, soggy people snakes around the palm trees outside a cavernous Florida convention centre. Some have erected camp beds or makeshift tents. All clutch [...]

Germany is held up by deficit hawks as an ideal for other, less successful economies such as Spain’s to emulate. Big mistake Germany’s economic recovery has gathered steam lately and is being used – in both the European and the US press – to promote the view that Germany “had the formula right all along” and [...]

Despite an impressive record by the president, discontented American voters are turning against the Democrats They won’t give him a break – literally so. Barack Obama has reached that point of his presidency when he can’t even join his fellow citizens in the all-American tradition of the August vacation without taking a hit. One group of [...]

Ben Bernanke, chairman of the Federal Reserve, says the Fed needs help to revive the US economy. But it won’t get any What did the chairman of the Federal Reserve say in Jackson Hole? According to much of the reaction, Ben Bernanke said the “Fed stands by to boost US growth” (FT), or that the “Fed [...]

The federal reserve chairman may have steadied markets, but will hardly have settled Democratic nerves for the midterms So federal reserve chairman Ben Bernanke, in his Friday speech to a global group of central bankers gathered in Jackson Hole, Wyoming, gave his most robust assurances to date that the Fed would act to prop up the [...]

Markets rally as Federal Reserve chairman tells conference “the committee will use its tools as needed” to support recovery US central bank boss Ben Bernanke today vowed to step in to prop up a fragile US economic recovery if needed as he conceded growth had been weaker than the Federal Reserve had expected. Amid growing talk that [...]

The main factor in the sharp downward GDP revision and the drop in growth from a pace of 3.7% in the first quarter was net trade, with imports soaring The US economy grew at a much slower pace than first estimated in the second quarter, but the new reading was not as low as economists had [...]

In the US, Ireland and Spain, the housing market is in freefall. Here, it isn’t, and that’s why Britons are still shopping – for the moment How are the doomsayers going to explain this one? High street spending grew last month at the fastest pace in three years. Summer sales, warm weather and the school holidays [...]

• Bernanke faces toughest time yet after week of bad news • Federal Reserve chair’s speech will be scrutinised by markets• Committee split over ‘QE-lite’ solution to double-dip fears When Ben Bernanke addresses the annual symposium of central bankers in Jackson Hole tomorrow he does so against arguably the most challenging backdrop in his tenure as [...]

US unemployment falls by 31,000, more than analysts’ predictions, giving Obama administration a much-needed break from a run of bad economic news The Obama administration got a brief respite from the recent slew of gloomy economic news as US unemployment claims fell more than expected. The US government said 473,000 new claims for unemployment benefit were filed [...]