The latest data from Zillow indicate that American homes will have lost more value by the end of this year than they did in 2009 – down a total of $1.7 trillion in 2010 vs. a $1 trillion decline a year ago. Richard Florida produced a helpful chart of the 2010 decline by region (click to enlarge), showing how uneven the fall was this year – four regional areas were actually up:
The rally continued the following day as beneficiaries of lower rates, such as smaller capitalization stocks and real estate, rallied.
From David Brooks’ latest New York Times column: The psychologist Michael Morris points out that when the stock market is going up, […]
Microsoft still makes $17 billion in annual profits, way higher than anybody in technology industry other than Apple.
Repatriating corporate cash may not mean a US jobs boom
