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Thursday, December 12, 2013

General Economics

News                                                                                                                             
Bloomberg | Foreclosures Drop to Eight-Year Low as Crisis Wanes: Mortgages
Foreclosures Drop to Eight-Year Low as Crisis Wanes: Mortgages
Bloomberg | Consumer Confidence in U.S. Increases for Third Straight Week
Confidence among U.S. consumers increased for a third straight week as Americans grew more optimistic about the economy, finances and the buying climate.
Politico | Patent warfare: Trolls vs. inventors
The rhetoric from both camps is heating up after the House last week passed a bill to rein in expensive troll lawsuits. With the White House supporting the effort and the Senate Judiciary Committee poised to take up its own measure, patent litigation reform could be one of the few pieces of tech legislation to come out of the 113th Congress.
CNN Money | Will the market actually cheer tapering?
Sure, stocks fell Wednesday on fears the Fed is getting ready to cut back, or taper, its massive bond purchase program. Yet amazingly enough, several investment experts say the market is finally prepared for the taper.
Bloomberg | Retail Sales in U.S. Increase by Most in Five Months
Retail sales in the U.S. rose more than forecast in November as Americans bought cars and took advantage of discounts going into the holiday-shopping season.